Page 20 - Private Equity

Venture capital firm Jungle Ventures raises $240 million for third fund

Jungle is scouting for companies in India which have an opportunity to scale their business into Southeast Asia and globally

Commercial deals rule as PE flows into realty rise 19% in Jan-Sept: Anarock

Commercial real estate received close to $3 billion funds in the first three quarters of 2019 as against $2.1 billion in the corresponding period of the previous year

PE majors TPG, Temasek planning investments in Indian API manufacturers

The investment interest comes as Indian drugmakers are focusing on specialty products, while relying extensively on Chinese imports for basic ingredients and other raw materials used in medicines

Hindustan Unilever emerges front-runner for Dinshaw's Dairy Foods

Negotiating all-cash deal at Rs 1,000 crore, which is two times its FY19 sales

Aditya Birla Capital to raise Rs 2,100 crore from promoter, PE firms

US-based private equity firm Advent International will put in Rs 1,000 crore via its affiliate Jomei Investment Limited

Private equity-backed stocks do better in a volatile market

Interestingly, PE-backed companies which went public over the last 12 months have done better than those which got listed earlier

Private Equity funds ready war chest to help firms skip IBC route

PE funds are cashing in on the new emerging areas of business. However PE funds admit that handling conglomerates needs special expertise and acumen as they are complex deals

L Catterton hires Khazanah executive Chinta Bhagat to head Asian funds

Bhagat, who worked at Khazanah Nasional Berhad, the sovereign wealth fund of Malaysia, will jointly lead the firm's Asia platform along with co-managing partner Ravi Thakran

QIPs to lead fundraising activities: Edelweiss Securities' Gopal Agrawal

Four to five IPO launches are planned in the ongoing quarter. Performances of these IPOs after listing shall be a good indicator of the IPO appetite in the market

V G Siddhartha's death: Wrong to project us as villains, say PE leaders

They say the notion that PE investors leverage bait-and-switch to lure promoters and entrepreneurs into lose-lose situations through debt products is misleading

Venture Catalysts launches Rs 300-cr fund for early stage startups

Started with a dedicated fund allocation of Rs 300 crore, the accelerator VC 9Unicorns Fund plans to invest in 100 start-ups in three years

Private equity firm Affirma Capital to invest $50 mn in Tirupati Group

Established in 2005, Tirupati Group has since grown to become a leading value added contract research and manufacturing company for nutraceutical supplements in India

From sector-wise allocation to key deals: A snapshot of PE activities

The top five deals this year accounted for 38.62% of the total investments in terms of deal value

Buybacks of shares least preferred mode of exit for private equities

In 2018, the most popular mode of exit for PEs was strategic sale through merger & acquisition

MyMoneyMantra raises Rs 104 crore from Dutch investor, Vaalon Capital

MMM, which sells secured and unsecured loans, credit cards and insurance products, will issue convertible shares and use the proceeds to strengthen its technology, data analytics and expand its reach

Private equity, venture capital exits drop 86% in Q2

41 profitable exits compared to 77 a year ago

A snapshot of PE activity and deals

The year has seen 59 exits.

Global PEs bullish on India credit business even as NBFCs feel the pinch

NBFCs have been battling liquidity issues since the IL&FS defaulted in August last year.

Key deals last week: GIC's $568-mn infusion in The Indian Hotels, and more

There were 10 PE deals worth $608.21 million with 1 private equity exit in the last seven days ended May 22, 2019

At $26.3 bn, PE investment in India in 2018 was second-highest in a decade

Fundraising across Asia-Pacific slowed down, with China tightening rules for PE investment, but India-focused dry powder remained healthy at $11.1 billion