Page 17 - Private Equity

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)

Manipal Hospitals to sell minority stake to NIIF for Rs 2,100 crore

The amount raised would be partly used to fund the company's acquisition of Columbia Asia Hospitals' India business

IPV and the science, art and psychology of early stage investments

The angel network plans to increase its investor base beyond 5,000; double the number of investee firms and corpus for 2021

PE, VC partners in journey of new India towards new horizon: Piyush Goyal

Union Minister Piyush Goyal said new India is moving with a new energy towards a bright future, and Private Equity and Venture Capitalists are our partners in this new Journey towards a new Horizon

Size of average buyout deals grows smaller in 2021: Refinitiv data

Deals have been coming in at the rate of one every three days

Edelweiss launches Rs 5000 crore fund to tap pre-IPO, late-stage deals

The fund will focus on late-stage PE and Pre-IPO investments

Menda Family Office plans to foray into private equity, industrial parks

The Menda family sold a commercial property portfolio of 12 million square feet (msf) to Canada-based Brook­field Asset Manag­ement last year for Rs 14,000 crore

Aggregate annual PE deal value has doubled, count up over 60% in last 5 yrs

With the exception of sectors like telecom and utilities, PE investments have outperformed capital markets with an average IRR of 29 per cent

Tips on raising funds from govt agencies and PE firms for your startup

Apart from central and state govt schemes that fund new ideas, you have PE/VC firms, angel investors and incubators to help your business see the light of day; just get your business model right

Profit at Japan's SoftBank as lucrative investments swell in value

The firm on Monday a whopping 1.17 trillion yen ($11 billion) profit for the October-December quarter

Blackstone in the final leg of talks to buy out Embassy Industrial Parks

Embassy has a long-standing partnership with Blackstone through their JV Embassy Office Parks, which has floated and listed a real estate investment trust (REIT)

Indiabulls Housing Finance in talks with PEs to sell 15-20% stake

Investor to become single-largest shareholder; Sameer Gehlaut likely to step down as promoter

Abu Dhabi's ADQ to invest $75 mn in Biocon Biologics for 1.8% stake

Transaction values firm, which plans to list and is a subsidiary of Biocon, at $4.17 bn

PE/VC investments into India from China, Hong Kong fall 72% in CY20

Rules mandating government nod for FDI from neighbours weighed on flows