Page 8 - Private Equity

PE firms' $1.5 trn worth of assets trapped in China after market slumps

With public markets in a slump and offering unattractive valuations, buyout firms are exploring private sales

AIFs seek clarity from Sebi on new valuation norms to address gaps

Industry body IVCA has sent suggestions to Sebi while highlighting implementation challenges

BS BFSI Summit 2023: Professionally run mfg cos to drive PE growth in India

PE investment to flow to financial, healthcare, and consumer sectors

Blackstone expects most Asia deal activity in Japan and India in 2024

"India has the highest growth; it also has the most ebullient stock market," Joe Baratta, Blackstone's global head of private equity, said in an interview in Tokyo

BS BFSI Summit 2023: No funding winter in PE investments, say experts

India is a highly favoured destination for investment in APAC, Renuka Ramnath, founder and CEO at Multiples Alternate Asset said at Business Standard's BFSI Insight Summit 2023

Blackstone makes health care foray with $1 bn deals, buys Care Hospitals

Blackstone's investment commitment combining QCIL and KIMS is close to $1 bn

Blackstone enters Indian healthcare services with Care Hospitals buy

Blackstone will commit $1 billion in the hospital chain in India and hold over 75% in Care Hospitals, a source with direct knowledge of the matter said

Healthcare and pharma sector sees surge in high-value deals: Report

The Private Equity (PE) sector experienced a decline in both values and volumes compared to the previous quarter

BS BFSI Summit: From Amit Chandra to Ankur Bansal, here're PE experts

PE/VC CEOs Panel's theme on October 31: The shrinking India pie - Will the trend reverse?

KKR-backed Avendus to tap tech investment banking deals in Southeast Asia

Majority owned by KKR, Avendus is best known in India for advising large startups such as SoftBank-backed food delivery firm Swiggy and eyewear retailer Lenskart on their fund raising

Deal activities decline marginally to $13.37 billion in Sept quarter

Overall deal activity declined marginally to USD 13.369 billion across 302 transactions in the July-September period, a report said on Friday. There were 345 transactions involving USD 13.394 billion in the preceding April-June quarter, as per the report by consultancy firm Grant Thornton Bharat. As compared to the first three quarters of 2022, the first nine months of the current calendar year witnessed a 68 per cent decline by value at USD 36 billion and a 39 per cent decline in volume terms to 979 transactions, as per the report. In the September quarter, the decline was attributed to the private equity transactions nearly halving to USD 5.707 billion. Its partner Shanthi Vijeta noted that the near-term economic outlook for FY24 remains positive due to pro-growth policies, reduced inflation and higher infra spends, which will fuel deal activities going forward. There was a handsome increase in cross-border deals, with transactions of over USD 4.336 billion as against USD 203 ..

PE investments in Indian real estate dip 12% to $2.3 billion in H1

The level of flows has remained below the pre-pandemic level of $4.2 billion in H1 FY20

Private equity investment fall by 65% to $1.81 bn in quarter ending Sept

Private equity (PE) investments in India fell 65.4 per cent to USD 1.81 billion in July-September 2023 as compared to the year-ago period, according to an industry report. In the year-ago period, PE investment was USD 5.23 billion. The number of deals also declined steeply by 50.1 per cent to 232 from 465 deals in Q3 2022, according to the data collated by Refinitiv, which is a London Stock Exchange Group (LSG) business. On a sequential basis, the number of deals fell 34.2 per cent from 353 in Q2 2023, and in value term it declined by 35.2 per cent from USD 2.79 billion. For the first nine months (January-September 2023), the Internet specific and computer software companies continued to attract maximum PE interest with USD 2.80 billion and USD 1.48 billion invested. But this is 63.2 per cent down from the year-ago period with the number of deals declining to 283 from 414 in the first nine month of 2022. PE investment in computer software was down 74.9 per cent, financial services

True North to sell 20% stake worth $325 million in Niva Bupa Insurance

Niva Bupa, a joint venture between British United Provident Association (Bupa) and India's True North, offers health insurance through more than 20 bank partners

Private equity-backed mergers and acquisitions fall to 31-month low

Value of such transactions has also been coming down over time

The problem with index funds

The dominance of index funds could be stifling price competition, compounded by the concentration of power among a few giants in fund-management and private-equity

TPG-backed RR Kabel sets price band at Rs 983-1,035 per share

At the upper end, the issue size works out to Rs 1,964 crore, making it the second-largest IPO of the year after Mankind Pharma

Warburg sells 4.2% in IDFC First Bank; GQG picks up 2.6% in lender

On Friday, shares of IDFC First Bank fell by as much as 5 percent in early trading but recovered to end little changed

VC firm gradCapital launches $6 million fund for students' startups

Bengaluru-based venture capital fund gradCapital has launched its second fund of USD 6 million (about Rs 49 crore) to invest in students' startups. The VC fund on Friday said it will offer a standard cheque of USD 40,000 (Rs 33 lakh) at 4 per cent equity in companies set up by students. gradCapital co-founder and CEO Abhishek Sethi said, "We are not in the business of finding and investing in deals, we are in the business of letting students be more ambitious and build a future, despite having a challenging education system. Students are more likely to start a D2C company instead of a quantum computer, and we need more of the latter." The selected entrepreneurs will take part in a four-week cohort programme in Bengaluru, which will include meetings with Ather Energy co-founder Tarun Mehta, Razorpay co-founder Shashank Kumar and Zerodha CTO Kailash Nadh, the company said. The fund is backed by CIIE.CO and the cohort has Nearbuy co-founder Ankur Warikoo, Info Edge founder and Executi

Sewerage infra player EMS plans to float IPO in Sept to raise Rs 300-320 cr

Water and sewerage infra player EMS Ltd on Thursday said it is planning to launch an initial public offering (IPO) in the next month to raise Rs 300-320 crore. Also, the company said it has completed the pre-IPO placement round and raised Rs 33.76 crore through it, leading to a reduction in fresh issue size in the upcoming maiden public issue. In the pre-IPO placement round, the Ghaziabad-based firm issued 16 lakh equity shares at an issue price of Rs 211 apiece, the company said in a statement. Accordingly, the size of the fresh issue has been reduced to Rs 146.24 crore from Rs 180 crore planned earlier. Besides, there would be an Offer of Sale (OFS) of 82.94 lakh shares by promoter and founder Ramveer Singh. At present, Singh holds a 97.81 per cent stake in the company. In March 2023, EMS Ltd filed draft papers with capital markets regulator Sebi to raise funds through the maiden public issue and has already received Sebi's approval to go ahead with this IPO. Proceeds from the