South Asia
New Silk Route mulls Adiga’s deal
Growth capital firm New Silk Route Partners is in talks to buy a sizable stake in Adiga's, a chain of south Indian vegetarian restaurants and fast food joints.
Everstone hires Accel’s Prateek Dhawan
Everstone Capital has reportedly hired Prateek Dhawan direct from Accel Partners as a senior member of its investment team.
Baring PE India to complete fully deploy Fund III by mid-2013
Baring Private Equity Partners India plans to complete its current investment cycle by mid-2013. The PE firm has raised more than $770 million across three funds and the most recent vehicle - which closed in 2008 at $560 million - is the only one not...
PTC India, Ashmore end fund alliance
PTC India has ended its partnership with UK-based emerging markets investor Ashmore Investment Management in the $1 billion PTC Ashmore India Energy Infrastructure Fund.
India VC player Helion closes third fund at $255m
Helion Venture Partners has closed its third fund at just over $255 million, over $45 million more than for its previous vehicle, which closed in March 2008. The successful fundraise, which attracted commitments from pension funds, endowments, foundations,...
PE firms to invest in Super Religare Laboratories
Super Religare Laboratories (SRL), a pathology laboratory network in India, is likely to receive commitments from two private equity firms for its 15-20% stake sale.
PremjiInvest invests $24m in India’s Trent
PremjiInvest, the private equity vehicle backed by Wipro Group chairman Azim Premji, has channeled INR1.2 billion ($24 million) into Trent, the retail arm of Indian conglomerate Tata Group.
Axiom closes third fund in just four months
Regional fund-of-funds player Axiom Asia says that strong investor demand for fund three, despite a difficult fundraising environment, is an endorsement of the firm’s consistent approach
Indian LPs: Emerging or defunct?
Having a larger domestic LP base in India could create a more sustainable fundraising environment for GPs, but few industry participants expect institutions to be let off the leash in the near term
Nereus Capital raises $250m Indian clean energy fund
Nereus Capital, an alternative asset manager focused on renewable power generation and clean technologies, is raising a $250 million clean energy fund, of which $20 million will be contributed by the International Finance Corporation (IFC).
IFC invests $25m in Indian water treatment company
International Finance Corporation (IFC), the private sector investment arm of the World Bank Group, will invest between $18 million and $25 million in Ahmedabad-based Doshion, a water treatment company.
Reliance Communications files for Singapore IPO
The undersea cable unit of Reliance Communications has applied to list in Singapore, in a move that could raise $1-1.5 billion to help its parent company to offload its heavy debt.
Abraaj Capital to complete more deals in Asia
Abraaj Capital is set to complete more deals in Asia in the next few months. The Middle East private equity firm will look for deals largely in India and pursue possible acquisitions in natural resource companies in Indonesia.
ChrysCapital invests $31m in Karur Vysya Bank
Private equity firm ChrysCapital has invested INR1.6 billion ($31 million) for a 3.92% stake in India's Karur Vysya Bank as part of a PIPE transaction.
India's Wadhawan Group to set up PE funds
Wadhawan Group, a conglomerate controlled by the Wadhawan family which also runs housing finance company DHFL, plans to launch multiple private equity funds to expand its financial services operations.
Carlyle, Everstone join race for Thomas Cook India - report
The Carlyle Group, Everstone Capital, TA Associates and Bravia Capital have joined the likes of KKR and Actis in competing for Thomas Cook India.
Spreadtrum commits $10m to India’s PE-backed Micromax
Chinese semiconductor manufacturer Spreadtrum Communications has invested $10 million in PE-backed Micromax Informatics, one of India’s largest mobile phone brands. As part of the deal, the companies have established a partnership that will see Spreadtrum...
GIC commits $100m to Vasan Healthcare
Government of Singapore Investment Corp. (GIC) has invested $100 million for a minority stake in Vasan Healthcare, which runs eye care hospitals across India. The transaction is the largest PE deal in the country's healthcare industry since Olympus Capital’s...
Baring, Sequoia invest $29m in Manappuram
Baring Private Equity Partners India and Sequoia Capital India have invested INR1.3 billion ($29 million) to increase their stake in Manappuram Finance, a non-bank financial company (NBFC) specializing in loans based on gold.
Lilliput founder says L Capital has submitted bid
Lilliput Kidswear’s founder and managing director claims to have received an offer for the struggling business from L Capital, the private equity arm of luxury goods giant LVMH. A sale would facilitate the exit of Bain Capital and TPG Capital.
Everstone in talks with Indian spa salon operator
Everstone Capital is negotiating the purchase of a majority stake in Indian spa salon chain You Look Great (YLG). Helion Venture Partners, an existing investor in the company, is also participating in the talks.
TVS, IFC back Dunar Foods with $25m
TVS Capital and International Finance Corp. (IFC), the investment arm of the World Bank, have invested INR1.24 billion ($25 million) for a minority stake in Indian basmati rice supplier Dunar Foods.
Khazanah exits India’s Yes Bank
Malaysian sovereign wealth fund Khazanah Nasional has sold the 4.2% stake it acquired from ChrysCapital and other investors in India’s Yes Bank for INR5.3 billion ($106 million).
Providence buys Hathway Cable stake
US-based private equity firm Providence Equity Advisors has jointly invested INR3.58 billion (US$71.36 million) with Macquarie Bank for a 17.3% stake in India’s Hathway Cable & Datacom.