Articles by Mirzaan Jamwal
Tata fund leverages parent's brand
The Tata Opportunities Fund (TOF) was launched in 2011 with a mandate to invest into Tata Group companies as well as outside Indian firms. The manager, Tata Capital, announced a final fund close at $600 million last week, making it the largest India-focused...
Goldman invests $110m in Indian cable distributor
Goldman Sachs has invested INR6 billion ($110 million) in DEN Networks, an Indian cable distribution company. According to AVCJ Research, it is the fifth-largest PE investment completed in India so far this year.
CLSA Capital Partners to invest $10m in Indian agri company
CLSA Capital Partners will acquire a 19.6% stake in Camson Bio Technologies, an agricultural biotechnology company, for INR539 million ($10 million).
Qatar sovereign fund buys $1.2b stake in Bharti Airtel
The Qatar Foundation Endowment will buy a 5% stake in Bharti Airtel for INR67.9 billion ($1.26 billion). It will purchase 199.8 million new shares issued by the India-based telecommunications provider at INR340 apiece.
India's NSL Renewable raises $30m from ADB
Renewable energy developer NSL Renewable Power Private (NRPPL) has raised $30 million from the Asian Development Bank (ADB) in another round of financing to fund the construction of two hydro-power and wind energy projects in India.
Tata Capital closes Opportunities Fund at $600m
Tata Capital has closed its Tata Opportunities Fund (TOF) with $600 million in commitments, short of its target of $1 billion. The fund was launched back in March 2011, with the mandate of investing within the Tata group of companies and also in Indian...
Baring Asia in talks to buy stake in Lafarge India unit
Baring Private Equity Asia is in advanced talks with the Indian arm of French cement maker Lafarge for a minority stake in the unit.
CDC posts $345m return for 2012
CDC Group, the UK government’s development finance arm, showed a total return for 2012 of GBP223 million ($345 million) as its total assets grew 8.6% to GBP2.8 billion.
India's education sector: Learning curve
There is no shortage of demand for services or investment opportunity in India’s education sector, but negotiating overcrowding and heavy regulation requires a clear strategy
TPG increases stake in Indian bulk container manufacturer
TPG Capital has invested INR1.35 billion ($25 million) in Flexituff International through a subscription to foreign currency convertible bonds (FCCB), one month after buying a 5.34% stake in the company for INR270 million ($5 million)
Japan's SMBC in talks with TPG to buy Indonesia bank stake – report
Sumitomo Mitsui Banking Corp (SMBC) is said to be in advanced talks to buy 40% of TPG Capital's stake in Indonesia’s Bank Tabungan Pensiunan Nasional (BTPN). The sale would enable the private equity firm to comply with the 40% cap on foreign ownership...
Intel Capital backs South Korean mobile tech maker
Intel Capital, the US chipmaker's corporate VC arm, has invested an undisclosed amount in Zinitix, a South Korean developer of touchscreen controller technology for mobile devices. The funding will help the company expand into other rapidly growing markets...
Fortis healthcare raises $100m from IFC
Indian hospital and diagnostics group Fortis Healthcare is to issue 28.6 million shares to the International Finance Corporation (IFC) for a total of $45 million. Another $55 million will come through a private placement of foreign currency convertible...
IDFC, Capital International exit India's Manipal Group via share buyback
India’s Manipal Group has raised around $260 million in debt to buy back IDFC PE and Capital International’s stake in Manipal Education and Medical Group International India (MEMG).
Standard Chartered-backed Ramky Enviro delays $200m IPO plan
Ramky Enviro Engineers (REEL), an Indian waste management company backed by Standard Chartered and IL&FS Investment Managers, has delayed its planned $200 million IPO.
Lightspeed, Charles River invest in big data firm Qubole
Qubole, a Bangalore-based big data firm, has raised $7 million in series A funding from Lightspeed Ventures, Charles River Ventures and angel investors Anand Rajaram, the head of WalmartLabs, and Cambrian Ventures founding partner Venky Harinarayan.
Kae Capital leads investment in Indian app building startup ShepHertz
Kae Capital, Blume Ventures and Mumbai Angels have invested an undisclosed amount in ShepHertz Technologies.
Helion, Ventureast invest in tech firm Selcore
Indian VCs Helion Venture Partners and Ventureast Proactive have made a joint investment in enterprise information rights management (IRM) provider Selcore. The financial details of the deal were not disclosed.
Somerset Indus invests in specialty hospital chain
Indian healthcare-focused PE firm Somerset Indus Capital Partners has invested in tertiary care hospital chain Cygnus Medicare. The investment will support the chain’s expansion across Haryana and the National Capital Region (NCR) surrounding Delhi.
IIFL Wealth raises $115m for maiden alternatives fund
IIFL Wealth Management, a division of financial company India Infoline, has received commitments of INR6.2 billion ($115 million) for its IIFL Income Opportunities Fund.
Caspian makes debt breakthrough
After two funds and $120 million invested in equity stakes in small- and medium-sized Indian microfinance institutions (MFIs), Caspian Advisors has decided to change direction. It is launching the country's first pure debt multi-sector fund aimed at the...
Motilal Oswal's Ghosh moves on to start own fund
Somak Ghosh, co-chief executive with Motilal Oswal Private Equity Advisors (MOPE), has left the company to set up Contrarian Capital India Partners and establish a new early stage impact investment fund targeting $50 million.
Nexus-backed Eka Software acquires Canadian tech firm
Nexus Venture Partners-backed Eka Software Solutions, an Indian commodity trading software provider, has acquired EnCompass Technologies, a Canadian energy and commodity trading technology firm.
SIDBI Venture Capital to invest $9m in defence MSMEs
SIDBI Venture Capital’s India Opportunities Fund will invest INR500 million ($9 million) in equity to support Indian micro, small and medium enterprises involved in manufacturing of defense products.