Page 9 - Private Equity

Investors eyeing asset sale of GoMechanic; decision likely in a week

The firm reportedly did not maintain inventory records for receipts and issuance of goods directly received by the customers

Edtech startup NxtWave raises $33 mn, Greater Pacific Capital leads round

Nandan Desai, MD and Co-Head of India for GPC, to join NxtWave Board as part of deal; Existing investor Orios Venture Partners also invests in round

The King's Roll-Up Gambit: Creating Billions Of Dollars of Private Equity Returns in India

By AltG Research on behalf of Taponeel Mukherjee & Poornima Vardhan

Barings PE may sell some stake in Coforge for up to Rs 2,600 cr: sources

The private equity firm has hired IIFL to seek investor interest in the deal and has offered up to 7% discount to the Friday closing market price of Rs 4,348 a share

Top VC firms reduce investments in India amid macroeconomic uncertainty

With late-stage funding rounds becoming tougher, they are focusing more on due diligence, profitability path, governance and early entry into companies at lower valuations

Polaris Smart Metering raises $100 mn in funding from I Squared Capital

Funds raised will primarily be used to acquire, execute and finance large smart metering contracts across India

Apax Partner plans to sell Shriram Capital stake to raise Rs 2,250 crore

The transaction would be worth Rs 2,250 crore taking into account the stock movement today

PE inflows plunge 42% to $23.3 bn in 2022, lowest since 2019: Report

Private equity investments into domestic companies fell sharply year-on-year by 42 per cent to USD 23.3 billion in 2022, which is the lowest since 2019, when it was USD 15.8 billion, according to an industry report. The numbers reflect the overall funding winter that the startup space in particular, and the overall foreign investments in general have been witnessing since the Ukraine war began last February. Private equity investment inflows into the country fell by a sharp 42 per cent in 2022 from last year to USD 23.3 billion -- the lowest annual inflows since 2019 when it was a low USD 15.8 billion, but still relatively elevated compared to historical levels, said Elaine Tan, a senior analyst at Refinitiv, the LSEG business arm that provides financial markets data and insights. The report did not say how many deals were closed in the year. In the December quarter, the PE investments totalled USD 3.61 billion, down 8.1 per cent sequentially from USD 3.93 billion and fell 67.2 per

PE investment up 58% in NCR realty in first 3 quarters of FY23: Study

PE funding in Indian real estate up 3% annually, demand for commercial and residential properties continues: ANAROCK Capital

Advent International to acquire 50.1% stake in Suven Pharma, explore merger

As of last close, Suven had a market capitalization of 126 billion Indian rupees

India-focused funds sitting on highest-ever unallocated corpus of $12.9 bn

But does this mean that 2023 could be different, given the unutilised capital?

Data science firm Tredence raises $175 mn in funding for expanding business

San Jose-based company to use financing for strengthening verticals and get more customers

PE investment in real estate down 17%, inflow up in warehousing sector

According to the report, the investment volume in warehousing stood at $1.9 bn in 2022, from $1.3 bn in 2021, up 45% YoY

Poonawalla Fincorp to sell housing finance unit to TPG for Rs 3,900 cr

PFL to explore inorganic investments for business growth

Flipkart staff may get Rs 5,700 cr in stock buyback scheme in a few weeks

This will be the biggest Esop buyback in tech industry. Flipkart owns over 80% stake in PhonePe and is looking to exit the company. Walmart owns 10% in the Bengaluru-based fintech firm

Irdai approves amendments, simplifies rules to set up insurance firms

Under the current guidelines, to invest in insurance companies as "promoter", a PE fund can do so only through an SPV

Carlyle Group sells Rs 607 crore shares in logistics firm Delhivery

The six-month post-initial public offering (IPO) lock in on shares of Delhivery ended on November 20

Blackstone to acquire majority stake in R Systems for Rs 2,904 crore

Blackstone is buying the promoters' stake for Rs 245 per share, a premium of 3.9 per cent on the current price of Rs 235.8 per share. The promoters will get around Rs 1,496.95 crore

PE/VC investments drop 75% in October over last year: IVCA-EY report

Inflation woes, recession fears, the rising cost of capital, and elevated levels of uncertainty driven by geopolitical tensions have weighed down the PE/VC activity in 2022

TPG Capital to sell Nykaa shares worth Rs 1,000 cr via block deal on Friday

American private equity firm TPG Capital is likely to sell shares of Nykaa worth Rs 1,000 crore through a block deal