Articles by Anita Davis
Monsoon Capital takes majority stake in Indian real estate development
Hedge fund Monsoon Capital is handing up to $10 million to real estate firm Value Designbuild as it finalizes a suburban villa project.
Nautiyal-backed Redwoods Capital plans $50 million India real estate fund
Indian asset management firm Redwoods Capital, founded by the former head of BNP Paribas India’s real estate business Anuj Nautiyal, is set to raise a domestic real estate fund with a preliminary target of $50 million.
ICICI Venture-backed VA Tech listing sees 26% premium
ICICI Venture-backed water treatment and infrastructure firm VA Tech Wabag has traded up at a more than 26% premium to its INR1,310 ($29.50) issue price at its listing on the Bombay Stock Exchange.
Blackstone, Olympus eye Guangdong Yinda Guarantee
Chinese credit guarantee firm Guangdong Yinda Guarantee Investment Group Co. has attracted the attention of private equity investors including the Blackstone Group and Olympus Capital looking to link with the company ahead of an anticipated IPO, local...
IFCI invests $6.7 million into Indian solar-power firm Titan Energy
IFCI Venture Capital has invested INR30 crore ($6.7 million) in Indian solar-module maker Titan Energy Systems Ltd., buying the firm a 12% stake in the company.
Warburg Pincus set to invest $50 million in liquid-storage firm IMC
Warburg Pincus is reportedly set to invest $50 million into major Indian liquid-storage provider IMC Ltd.
ChrysCap invests $11.4 million into India's Pratibha Industries
ChrysCapital has injected INR50 crore ($11.4 million) in Indian water- and infrastructure-focused company Pratibha Industries Ltd. via its subsidiary Van Dyck.
Vikram Lall appointed non-executive director at Elephant Capital
Vikram Lall, Brewin Dolphin Holdings’ former corporate finance director, has joined Elephant Capital as a non-executive director on the India-focused PE fund’s board.
Asian Citrus acquires Lunar Capital-backed BPG Food & Beverages for $257.8 million
Lunar Capital-backed BPG Food & Beverages Holdings Ltd. has been acquired by Asian Citrus, the largest orange plantation owner and orange producer in China, for more than HKD$2 billion ($257.8 million).
Baring, CEO Yang make $752 million privatization offer for Harbin Electric
NASDAQ-listed Chinese electric motor maker Harbin Electric has received a joint $752 million buyout bid from Baring Private Equity Asia and Harbin’s Chairman and CEO Tianfu Yang, the latter already owning 31.1% of the company.
Barclays buys back into India's Intelenet via Blackstone sale
The Blackstone Group has sold a 12.75% stake in Indian BPO consultancy investee Intelenet Global to the UK's Barclays for an undisclosed price, three years after Blackstone bought out Barclay's stake in Intelenet.
IDFC may trade stake in SE Forge for shares in parent Suzlon Energy
IDFC Private Equity has submitted a proposal that, if approved, would allow it to exchange its 17.1% stake in Suzlon Energy’s subsidiary SE Forge Ltd. for 31.99 million shares in Suzlon Energy in a no-cash transaction.
Sun Catalytix gets $9.5 million from Tata, Polaris
Indian conglomerate Tata Ltd. has led a $9.5 million Series B round of investments into US energy firm Sun Catalytix Corp., with existing financial investor Polaris Venture Partners making a new capital injection.
IFCI Venture Capital to partially exit Marck Biosciences
IFCI Venture Capital is selling a nearly 10% stake in Indian pharma firm Marck Biosciences, according to local reports, coming as the investee looks to build an INR55 crore ($12.4 million) manufacturing plant.
Trinity Capital makes 1% stake exit from India's Pipavav Shipyard
Real estate-focused PE firm Trinity Capital has exited its 1% stake in Indian shipbuilder Pipavav Shipyard for INR58 crore ($13 million), making a reported 3.2x return on its more-than-three-year investment.
NZ Yellow Pages showcases dangers of bull market LBOs
Just two months after pan-regional PE firm Unitas Capital and its co-investor Ontario Teachers Private Capital first kicked off the exit process of the New Zealand Yellow Pages Group, approaching a plethora of private equity and industry-related potential...
Goldman Sachs exits 22% stake in Cremica Foods to Motilal Oswal Private Equity
Motilal Oswal Private Equity Advisors has bought Goldman Sachs’ 22% stake in Indian investee Cremica Foods for $15 million – the same amount that Goldman spent for the investment in 2006, according to local reports citing figures close to the deal.
Oak Investment Partners sets up shop in Mumbai
US-based VC firm Oak Investment Partners has opened an office in Mumbai - its first outside the US - intended to manage India-specific growth-capital investments out of its 13th fund, worth $770 million.
Saratoga-backed Tower Bersama may raise $179 million in IPO
Saratoga Capital-backed Tower Bersama Infrastructure, an Indonesian provider of telecommunication towers, could raise up to IDR1.6 trillion ($179 million) in its IPO next month.
Unitas, Ontario Teachers suspend NZ Yellow Pages sale
Unitas Capital and its co-investor Ontario Teachers Private Capital have halted the sale process of the New Zealand Yellow Pages Group, coming amid speculation that interested parties were unable to provide satisfactory bids.
HarbourVest invests $300 milllion in five Arcapita companies
HarbourVest Partners has bought minority stakes in five of Bahraini investment bank Arcapita Inc.’s non-MENA portfolio companies for $300 million, and further inked a follow-on capital commitment to aid the companies’ future growth.
CIC bars investments into defense, casino, alcohol sectors
SWF China Investment Corp. (CIC) has mandated that it will avoid investments in the defense, casino and alcohol sectors, according to officials who labeled the sectors areas of “reputational risk.”
Crescent Capital sells NHC for $441 million
Australian PE firm Crescent Capital has sold its hearing healthcare firm National Hearing Care Group (NHC) to Italian hearing aid retailer Amplifon SA for A$460 million ($441 million), choosing to make its exit via a strategic sale instead of taking a...
"Big boys" battle it out in India
India's mid-cap market has materialized as a battleground for top-name private equity firms, as funds including Bain Capital, Kohlberg Kravis Roberts & Co., Baring and ICICI Venture have emerged as contenders to invest between $50-75 million in two domestic...