Page 5 - Private Equity

Real estate transactions fall by 71% in 2024Q3; what's driving the decline?

The sharp fall in transaction value can be attributed to the absence of large-scale deals, said the Grant Thornton report

PE investment in real estate increases to $2.2 bn in Jul-Sep: Savills India

Private equity investments in the real estate sector jumped over twofold to USD 2.2 billion in July-September as investors look for gains amid strong property demand, according to Savills India. In the year-ago period, private equity (PE) investments in real estate stood at USD 934 million. Real estate consultant Savills India also noted that the PE inflows stood at USD 3.9 billion during the January-September period of this calendar year, touching the investment quantum registered in the entire 2023. The PE inflows stood at USD 6.7 billion in 2019, USD 6.6 billion in 2020, USD 3.4 billion in 2021, USD 3.4 billion in 2022, and USD 3.9 billion in 2023. "Despite global challenges, India witnessed heightened investment activity with YTD 2024 inflows surpassing all of 2023 investments, reflecting strong investor confidence on the back of a robust macroeconomic environment," said Arvind Nandan, Managing Director, Research & Consulting, Savills India. During the July-September quarter,

India's $20 billion investment deals pipeline lures funds to PE-held stakes

The majority of deals are priced at discounts of between 20 per cent to 25per cent of their net asset values, making them attractive for secondary buyers, said Amit Gupta, founding partner at TPG NewQ

Authum, Mahi Madhusudan Kela buy out Peak XV's stake in Prataap Snacks

Acquire 46.85% for Rs 846 cr; deal triggers open offer

Top 5 private equity players invested $9 billion in in first half of 2024

The PE major has invested over $8 billion in the country through more than 30 deals, making it a force to reckon with. It has said it would invest around $5 billion this year in India

India's private debt market to top $18 bn in 2024 as economy grows: Report

Country is leader in Asia Pacific for private debt, says investment data company

Flexible office space operators got $820 mn PE funding since 2017: Report

Flexible office space operators have received USD 820 million worth private equity funding since 2017 driven by rising demand from corporates, according to Knight Frank. In its report released on Wednesday, real estate consultant Knight Frank India said the Private Equity (PE) investments in India's flexible office space sector have fluctuated significantly. "From 2017 to 2018, investments grew steadily from USD 25 million to USD 49 million, rising sharply to USD 113 million in 2019, driven by investors like CLSA Capital and Peak XV Partners." However, investments fell to USD 11 million in 2020 and USD 6 million in 2021 due to Covid-19, it added. "A resurgence occurred in 2022, reaching USD 595 million, supported by deals from Hillhouse Capital and Actis, but dropped sharply to USD 13 million. In 2024, one deal secured USD 8 million," the consultant said. The report noted that flex-space operators have taken on lease an estimated 52.9 million sq ft (msf) from 2017 to the first hal

IFSC & Search Funds: India's Journey To A $50 Trillion Economy By 2050

By AltG Research on behalf of Taponeel Mukherjee & Poornima Vardhan

ChrysCapital exits Eris Lifesciences; sells 7.27% stake for Rs 1,187 cr

Private equity major ChrysCapital on Thursday exited Eris Lifesciences by selling its entire 7.27 per cent stake in the company for Rs 1,187 crore via open market transaction, while Infinity Partners picked up shares of the firm. Eris Lifesciences Ltd is a listed Indian pharmaceutical company and a leading player in the domestic branded formulations market. According to the block deal data available on the National Stock Exchange (NSE), ChrysCapital through its affiliate Emerald Investment Ltd sold 98,86,882 shares, amounting to a 7.27 per cent stake in Ahmedabad-based Eris Lifesciences. The shares were disposed of at an average price of Rs 1,201 apiece, taking the transaction value to Rs 1,187.41 crore. These shares were picked up by Infinity Partners at the same price, as per the data on the exchange. Shares of Eris Lifesciences rose 2.13 per cent to close at Rs 1,238.65 apiece on the NSE. Earlier this month, Eris Lifesciences said its consolidated profit after tax declined by

PE-VC investment rises 8% to $31.5 billion in Jan-Jun quarter: Report

The amount of funds invested is 30 per cent higher than the July-December 2023 period, the report by industry lobby grouping IVCA and consultancy firm EY said

Blackstone Q2 results: Earnings rose 3% on private equity, credit gains

The New York-based investment firm's results underscore how a long spell of high interest rates has dragged down some aspects of its business while buoying others

Tech drives India's M&A market in first half of 2024: Top 10 deals decoded

Majority of the deal making activity involving India targeted the High Technology sector which totaled $5.8 billion, a 13.2% increase in value from the comparative period last year.

Realty PE investments touch record $1.7 bn, here are top deals of H1 2024

The quarterly data indicates that commercial office assets maintained their leading position, capturing approximately 51% of the total investment volume

Private equity investments in Indian real estate touches 3-year high

PE investments jump by a whopping 154 per cent sequentially in April-June quarter

Sebi roll backs diktat on annulment of special rights to PE players

Special rights will now be cancelled at the time of listing instead of at the time of filing offer document

Blackstone mops up Rs 6,736 crore from 15.1% stake sale in Mphasis

Continues to be the largest shareholder

Over $2 bn exodus: PEs, promoters swiftly reacted before poll verdict

Share sales hold breath for government clarity

Fintech firm Fibe raises $90 mn in funding round led by TR Capital

Fintech firm Fibe on Wednesday said it has raised USD 90 million in a funding round led by TR Capital, Trifecta Capital and Amara Partners. Fibe's existing investors TPG Rise Fund, Norwest Venture Partners, Eight Roads Ventures and Chiratae Ventures also participated in the funding round, including primary and secondary transactions. Founded in 2015 by Akshay Mehrotra and Ashish Goyal, Fibe facilitates consumer finances like healthcare loans, edtech loans, insurance financing, and school fee financing, among others. "The infusion of new capital not only fuels our growth but also highlights our dedication to empowering India's youth on their journey towards fulfilling their dreams. With this new capital injection, we are poised to expand our reach, strengthen our technological infrastructure, and deepen our impact across India," Fibe co-founder and CEO Akshay Mehrotra said. Fibe claims to have disbursed more than 6 million loans worth over Rs 20,000 crore since inception. "The fres

PE funds partly behind the 62% drop in India's net FDI? Samir Arora's view

The ace fund manager was reacting on 'X' to a Business Standard story that quotes a Reserve Bank of India (RBI) data on gross FDI flows into the country in FY24

Investments by PE, VC funds decline 35% in April to $4.4 bn: Report

The number of deals in April stood at 98, which was 56 per cent higher than the year-ago period, the report by EY, a consultancy firm, and industry lobby grouping IVCA said