Page 15 - Private Equity

Deal numbers touch a decadal high in April despite Covid-19 pandemic

Achieving market leadership position appeared to be the rationale for the big-ticket domestic transactions

Zydus Animal Health buyout catapults Multiples into the big league

Multiples' deal ticket size in the first fund was only $30 million and in the second around $50 million

PE funds ready cash, scout for bulk-buying social e-commerce start-ups

Customers get large discounts and the platform enjoys the benefits of scale and lower costs

Rationalising regulation

Sebi's proposals are in line with changing investor landscape

Private equity players divided on reason for decline in exit deals

According to data from VCC Edge which tracks PE investments, in the first quarter of the calendar year, the value of total PE exit deals has fallen by 7 per cent to hit $1,938 million

Blackstone Group elevates India PE head Amit Dixit to head of Asia PE

Under Dixit, Blackstone did many big ticket deals in India, including a deal to acquire Piramal Glass from Ajay Piramal group at an enterprise valuation of Rs 7,500 cr

Tax indemnity clause leads to friction among buyers & sellers of firms

The Centre had allowed the tax dept more time to relook at old transactions

Srei Equipment Finance appoints KPMG, DMKH & Co for forensic audit

The company has been in discussions with lenders for debt realignment. But lenders are unlikely to approve it without a forensic audit

Tiger Global makes its first India cryptocurrency firm investment

Invests Rs 181 crore in CoinSwitch Kuber in a Series B round of funding, valuing the company at over $500 million

Tessolve raises $40 mn from Singapore's Novo Tellus at $100 mn valuation

The funding will be used by Tessolve, a Hero Electronix venture, to drive further growth through acquisitions and organic investments

Best of BS Opinion: Rise of risk capital, Covid-19 vaccination, and more

Here's a selection of Business Standard opinion pieces for the day

Rise of risk capital

Private funding is bridging a crucial gap

6 start-ups join unicorn club this week; 150 likely by 2025, say experts

The pandemic is expected to accelerate big-ticket venture capital, private equity as well as consolidation related deals in unicorns and soonicorns in the country

Morgan Stanley India Infra invests $21 mn in connectivity solutions co iBus

iBus serves 4 mn customers in 10 cities. It currently deploys its infra at 233 commercial, residential and retail sites across the country

PE-VC exits from Indian companies at two-year high after Covid-19 setback

The first quarter of 2021 saw the highest number of exits, both in terms of value and volume, in the past five quarters

PE funding dips 7.7% to $3.44 bn across 260 deals in March quarter

Fund infusion by private equity funds declined almost 8 per cent in the March quarter this year to USD 3.44 billion across 260 deals, according to industry data. Though the value of private equity investments declined 7.7 per cent in Q1, the number of deals soared by 44 per cent to 260 from 180 in Q1 of 2020, show the data collated by the London Stock Exchange Group-owned Refinitiv that tracks global financial transactions and market action. Overall, 2020 saw the highest number of deals since 2010 with 810 private equity deals worth USD 34.44 billion. Software companies attracted the maximum PE interest in Q1 this year with USD 1,348 million equity invested compared to internet-specific companies in Q1 of 2020 with USD 2,053 million equity investment. Fundraising in Q1 stood at USD 1,605 million compared to USD 670 million (USD) in Q1 2020, an increase of 139 per cent year-on-year. The top deals are the USD 460 million raised by Think & Learn from five funds, followed by Dream11 .

India's changing corporate landscape

We are in the early stages of an extraordinary episode of rapid scaling up of new companies

CareerLabs raises $2.2 mn from Rocket Internet's VC fund GFC, others

Profile building startup CareerLabs on Monday said it has secured USD 2.2 million in a new financing round led by Rocket Internet's VC fund Global Founders Capital to scale its platform.

Private equity firms value SP Group stake in Tata Sons at hefty discount

PE players willing to offer credit are asking for two things - a personal guarantee from the SP family, and a pledge of shares in its own group companies.

PE/VC firms' investments increase by 85% to $11.9 bn during Q1FY21

The value of investments in Q1FY21 was also over 58% higher compared to the immediate previous quarter (which saw $7.5 billion being invested across 231 deals)