Articles by Anita Davis
Sequoia India divests 16% stake in Dr. Lal PathLabs to TA Associates
VC firm Sequoia Capital India has reportedly agreed to sell half of its stake in in Indian diagnostics specialist Dr. Lal PathLabs to US-based PE firm TA Associates, leaving both TA Associates and five-year investor Sequoia with 16% stakes apiece in the...
SIDBI to close third fund at $214 million
Mumbai-based SIDBI Venture Capital is set to close its INR1,000 crore ($214 million) VC fund, its third, which comes in at twice as large as its predecessor, according to local reports.
ChrysCapital raises stake in Gammon India to 9%
PE firm ChrysCapital Management has strengthened its ties to Gammon India, raising its stake in the infrastructure firm from less than 7% to 9% following an INR60 crore ($13 million) investment.
TPG nears Vishal acquisition
One month after TPG Capital encountered unexpected opposition from Indian retail brand Future Group in its bid for control of distressed domestic superstore chain owner Vishal Retail, TPG has reportedly been given its necessary break as Vishal’s shareholders...
Lighthouse set to invest in iDiscoveri Education
New York- and Mumbai-based PE firm Lighthouse Funds is reportedly leading a $10 million funding round into iDiscoveri Education, an education services and management company.
IFC may invest $30 million into India's Kudos Chemie
The World Bank’s International Finance Corporation (IFC) is set to inject $30 million into fine chemicals maker Kudos Chemie Ltd., as part of a $135 million push to expand the company’s production capacity, according to local reports.
ClinTec gets $12.5 million from Elephant Capital
London-listed PE firm Elephant Capital has infused INR58 crore ($12.5 million) in Indian clinical research group ClinTec International, taking a significant 28.8% minority stake.
Kalpathi Investments takes stake in Primex Healthcare
Kalpathi Investments has reportedly taken a 45% stake in diagnostic-services corporation Primex Healthcare through a round of venture funding for an undisclosed price, which is to be used to expand its operations across the Tamil Nadu region in the next...
San Miguel scraps plans to sell stake in Pure Foods
Months after Philippine conglomerate San Miguel Corp. confirmed that it sought to offload a 49% stake in its foods division Pure Foods – an asset that could fetch $1.3 billion in its entirety and $600 million for its minority stake – the group has reportedly...
Temasek appoints two presidents, including former BoA exec Gregory Curl
Singapore’s sovereign wealth fund Temasek Holdings has appointed two new presidents to strengthen its cache of top management, hiring Bank of America’s Chief Risk Officer Gregory Curl to one of the roles and promoting Executive Director Simon Israel to...
IFC leads $7 million financing round in Suvidhaa Infoserve
The World Bank’s International Finance Corporation (IFC) has led a $7 million round of funding into Suvidhaa Infoserve, with existing investors Norwest Venture Partners and Reliance Venture Asset Management also reportedly contributing to the financing....
MBK-backed Taiwanese TV firm gets Sony bid
Japanese electronics giant Sony Corporation has made an NT$6 billion ($188 million) acquisition bid for MBK Partners-backed Taiwanese cable television company Gala TV, according to local reports.
Indian Venture Partnership picks up Gensol stake
India’s Gensol Consultants, a carbon-solutions provider, is set to receive $4-6 million from Maryland-based India Venture Partnership, which is to take a 15-20% stake in the company in exchange.
Blackstone's Indian power trip
The Blackstone Group looks to be eyeing India’s power industry in a big way, with its country chairman announcing that the global firm may pump $1 billion into the sector, coming off the back of its $300 million investment in power developer Moser Baer...
IL&FS Karuturi deal comes up smelling of roses
IL&FS Investment Managers has invested INR75 crore ($16.1 million) in Indian exporter of cut roses Karuturi Global, taking a more than 6.5% stake in the company, as it looks to raise $150 million to expand and diversify its business.
TA Associates may take part of Carlyle Group's stake in Claris Lifesciences - reports
American PE firm TA Associates is reportedly in talks with Indian sterile-injectables pharmaceutical company Claris Lifesciences to buy part of the Carlyle Group’s minority stake in the company.
Sequoia India hands $12.9 million to Quick Heal Technologies
Sequoia Capital India has injected INR60 crore ($12.9 million) of growth capital in Quick Heal Technologies, an India Internet security tools and anti-virus technology firm, with the funds used to launch more products, expand its distribution markets...
TPG nears $100 million deal with Shriram Properties
TPG Capital is reportedly set to invest $100 million for a nearly 25% stake in Shriram Properties, an Indian asset with an estimated value of more than $400 million.
Kendall Court raises $150 million for new mezzanine fund
Kendall Court Partners has raised $150 million for a Southeast Asia-focused mezzanine fund, its second such fund, coming as sentiment toward mezzanine improves with the ending of the GFC.
Azure Capital to raise $107 million for real estate fund
Azure Capital Advisors is reportedly hunting for INR500 crore ($107.1 million) for its India Realty Fund-1 focused on INR35-40 crore ($7.5-8.5 million) size investments into urban real estate projects in Southern and Western India.
Sino-Murdoch media deal
China's second-largest media company, Shanghai Media Group (SMG) – backed by PE fund China Media Capital – is to purchase the controlling stakes of three News Corp. channels, paying Rupert Murdoch’s company an undisclosed amount for the assets. As part...
Baring may invest $15 million in Shilpa Medicare
Baring Private Equity Partners India is considering a reported INR70 crore ($15 million) investment in pharmaceuticals manufacturer Shilpa Medicare, weeks after news surfaced that Tano Capital had sold its stake in the company to earn 4.5x return on its...
Silver Lake says 'yes' to Allyes
Global PE firm Silver Lake is set to take a 62% stake in digital ad service Allyes Online Media Holdings Ltd. from Focus Media in a $124 million deal to take indirect equity ownership of Allyes and its consolidated subsidiaries and affiliates – a unique...
AMP launches infrastructure-focused operations in New York
Following news earlier this month that Australian-based AMP Capital Investors would expand its investment focus to include infrastructure, with the launch of a global fund, the group announced that it will bolster its overseas operations through the launch...