South Asia
Temasek names Promeet Ghosh India MD
Temasek Holdings has appointed Promeet Ghosh as its first managing director level appointment in India. He will report to Singapore-based Rohit Sipahimalani and Lee Then Kiat who share responsibility for investments in the country.
Khazanah, Baring jointly offer $800m for Aegis
Malaysian sovereign wealth fund Khazanah Nasional has teamed up with Baring Private Equity Asia to offer $800 million for Aegis, thr business process outsourcing (BPO) arm of Indian industrial conglomerate Essar Group. KKR is said to be another bidder...
Global Environment raises $124m India-focused fund
Global Environment Fund (GEF), a private equity firm which has been investing in energy, resources and environment-related assets, has raised INR7 billion ($124 million) for a fund which targets small and medium enterprises in India. It is the first niche...
Samara injects $32m in Monte Carlo Fashions
US-based private equity firm Samara Capital has invested INR1.75 billion ($32 million) for an 18% stake in India’s Monte Carlo Fashions.
Sequoia to reap 18% return on Cafe Coffee Day sale
Sequoia Capital India is targeting returns of 16-18% on its impending exit from Amalgamated Bean Coffee Trading, a unit of India’s Coffee Day Group.
Morgan Stanley in talks to buy Lanco's road assets
Morgan Stanley Infrastructure Partners, a $4-billion global infrastructure fund, is in early discussions with Lanco Infratech to buy its 401km of highway projects.
AMP Capital makes clean energy investment in India
The AMP Capital Asian Giants Infrastructure Fund (AGIF) has bought a minority stake in Indian clean energy company Shalivahana Green Energy (SGEL) for almost $29 million.
Hero MotoCorp to merge with Bain, GIC-backed investment arm
Hero MotoCorp, India's largest two-wheeled vehicle manufacturer, approved a proposal to merge the investment arm of its parent company - Hero Investments - into the automaker. Private-equity funds Bain Capital and the Government of Singapore Investment...
Insecticides India in talks with PE firms
Insecticides India is in talks with private equity investors to raise INR700 million ($12.6 million) to INR1 billion for its business expansion, which will dilute a part of its promoter’s equity.
Tiger Global and SAIF boost Zovi with $10m
Venture capital firms Tiger Global and SAIF Partners have invested $10 million as part of a Series B round of funding for Indian online private label retailer Zovi.com.
Navis puts Nirula's on the block - report
Malaysia-based private equity firm Navis Capital Partners is said to be in discussions with an individual about a sale of its Indian restaurant chain, Nirula's Corner House, for INR1.5 billion ($27 million).
Warburg Pincus finalizes $125m Future Capital deal
Warburg Pincus has reportedly agreed to buy a majority stake in India's Future Capital Holdings (FCH), the financial services unit of the Future Group, for $100-125 million.
Fairbridge buys Thomas Cook India for $150m
Thomas Cook has now sold its India business twice in the space of six years. The asset was first offloaded to Dubai Financial in 2005 as a package deal including licenses to operate the brand in the Middle East, as Thomas Cook divested non-core assets...
Indian family offices add to GPs' options
An increasing number of Indian PE firms are tapping local family offices for capital. Will this new wave of investors stick with the asset class in the long term?
Sequoia Capital raising $1b for funds – report
Sequoia Capital has reportedly hit the fundraising trail again, and plans to raise at least $1 billion for a series of funds, including a China-focused vehicle.
Apax, Darby in talks to invest in Kurlon
Buyout out house Apax Partners and Darby Overseas Investments are said to be in advanced talks to acquire a minority stake in Indian mattress manufacturer Kurlon.
Reliance Capital backs kitchen appliance manufacturer
Reliance Capital has acquired a 13.71% stake in Butterfly Gandhimathi Appliances for INR1 billion ($18 million) via its Reliance Alternative Investments Fund.
Goldman Sachs invests in Alok Industries, CORE Education
Goldman Sachs has invested in Indian real estate asset Alok Industries and education solutions provider CORE Education & Technologies through two PIPE transactions.
Reliance Infratel buyout on the rocks
The Carlyle Group and The Blackstone Group’s proposed buyout of Reliance Communications’ telecoms tower unit looks to be in a state of limbo as the Indian firm said the sale can only proceed following clarification from the regulatory authorities.
India's Voicetap to raise capital from venture capital
Voicetap, a technology startup focused on mobile-education, has received $1 million from private investors. It is also in talks with other venture capital funds in the US, Singapore and India to raise $7 million over the next few months.
Apollo, ICICI Venture near $350m first close on distressed fund
Apollo Global Management and ICICI Venture are close to raising $350 million to invest in Indian distressed assets. The size of vehicle is expected to reach $750 million eventually.
Navis gets full control of Indian restaurant chain Nirula's
Malaysia-based private equity firm Navis Capital Partners has acquired the remaining shares it did not already own in Indian restaurant chain Nirula's Corner House.
L&T Infra to raise $250-300m from PE investors
L&T Infrastructure Development Projects (L&T IDPL) is in talks with private equity investors to raise $250-300 million.
L Capital pulls out of deal to buy India's Lilliput Kidswear
L Capital, the private equity arm of luxury group LVMH, has pulled out of the running to buy Lilliput Kidswear, according to the Indian clothing manufacturer's founder. The deal was expected to value the company at INR11 billion ($197 million), with L...