South Asia
Kedaara to pursue carve-outs from Indian conglomerates
Kedaara Capital, the private equity firm created by Manish Kejriwal and Sunish Sharma, formerly of Temasek India and General Atlantic India, respectively, will focus on investments in carve-outs and spin-offs of non-core assets from large corporations....
Singapore property funds look to invest $100m in Indian SEZ
Singapore property funds Ascendas and Mapletree Investments are in talks to commit $100million to a special economic zone (SEZ) near the Indian city of Pune.
IL&FS invests $39m in Indian real estate project
IL&FS Investment Managers (IIML) has invested INR2 billion ($38.8 million) for a 9.4% stake in a firm that is developing the Bharat Mills real estate project.
Lightspeed targets $675m for ninth fund
Lightspeed Venture Partners is seeking $675million for its new global fund, according to a regulatory filing. The firm principally targets investments in China and India, as well the US and Israel.
Reliance seeks loan from CDB
India’s second-largest mobile operator Reliance Communication, which has been struggling to sell its telecom tower arm, is in talks with China Development Bank (CDB) for a loan to restructure its debt.
Former head of SBI Macquarie seeks $500m for India fund
Violet Arch Capital Advisors, a startup run by Varun Bajpai, former head of SBI Macquarie Infrastructure Fund, is looking to raise $500 million for its debut fund. The vehicle will be sector agnostic, targeting opportunities that are driven by India’s...
GIC-backed Fortis Healthcare India bolts on Fortis International
Fortis Healthcare, the listed India-based chain of hospitals backed by Government of Singapore Investment Corp. (GIC), has completed the bolt-on acquisition of Fortis Healthcare International for $665 million.
Nomura postpones India infrastructure fund - sources
Japanese financial group Nomura Holdings has postponed its plans to launch a $500 million India-focused infrastructure fund due to the uncertain economic environment.
India's LIC Housing Finance to raise $96m fund
LIC Housing Finance, the mortgage lender owned by Life Insurance Corp. of India, plans to enter the private equity market with an INR5 billion ($96.5 million) urban development fund. Half of its corpus will go toward equity and equity-related investments...
PE investment in Indian real estate up 69% in 2011
Private equity investment in Indian real estate firms increased by 69% to $2.68 billion in 2011.
Mayfield fund completes its exit from Fourcee
Mayfield India Fund has completed its exit from Fourcee Infrastructure Equipment, coming as General Atlantic (GA) invested up to $125 million as part of a third round of funding for the logistics company.
Grant Thornton India hires Munesh Khanna as senior partner
Accounting firm Grant Thornton India has hired Munesh Khanna as its new senior partner for M&A and private equity in the country.
Muthoot Fincorp seeks up $115m through PE stake sale
Muthoot Fincorp, an Indian non-banking financial company (NBFC) hopes to raise INR5-6 billion ($96-115 million) by selling a 5-6% stake to private equity firms or strategic investors. The company, which focuses on gold loans, is currently wholly owned...
Intel Capital targets product-focused startups in India
Intel Capital plans to use the remainder of its India Technology Fund to finance product startups that facilitate the adoption of chips for smartphones and tablet computers manufactured by its parent company. The corporate VC unit is particularly keen...
Beacon India buys 1% of Bay Capital-backed Sterling
Growth capital firm Beacon India Private Equity has acquired close to 1% of listed hospitality firm Sterling Holiday Resorts, which is backed by Bay Capital Investments.
Big money deal for big data giant Mu Sigma
The amount of data in the world doubles every 18 months. Thanks to social networking, internet-enabled mobile phones and government surveillance, five times more digital information will be created this year than in 2008, according to market intelligence...
Bessemer appoints new India VP
Bessemer Venture Partners (BVP) has promoted Mumbai-based Abhijeet Muzumdar to vice president.
Canaan Partners closes ninth fund at $600m
Canaan Partners, the venture capital firm that focuses on the US, India and Israel, has closed its ninth fund at $600 million. The new vehicle, which received commitments from both new and existing LPs, takes the firm’s total assets under management to...
GA invests $125m in India's Fourcee
General Atlantic (GA) is investing up to $125 million for a minority stake in Fourcee Infrastructure Equipment, a Mumbai-based logistics firm.
Arcapita seeks Polygel exit - sources
Bahrain-based investment company Arcapita Private Equity is planning to sell its 8% stake in Polygel Industries, an Indian manufacturer of cable gels.
Indian medical equipment company seeks PE funding
Sutures India, a Bangalore-based medical equipment manufacturer is seeking $25-40 million from private equity investors. The funds would be used for expansion and other purposes, but as yet no mandates have been given investment banks.
PE-backed Indian power companies plan solar plants
Adani Group, whose publicly listed power subsidiary is backed by 3i Group, has commissioned India’s largest solar power project in what is its first foray into the renewable energy sector. The project at Kutch in Gujarat has an initial capacity of 40...
Sequoia, Baring in talks to sell Coastal Projects
India’s Coastal Projects, which is backed by Sequoia Capital and Baring Private Equity Asia among others, is reportedly in talks with German firm Hochtief about a possible sale of the business.
Indian regulator unveils plans to help promoters reduce holdings
The Securities and Exchange Board of India (SEBI) has released proposals designed to make it easier for entrepreneurs or promoters to lower their stakes in companies in order to meet minimum public shareholding limits. Share buybacks via tender offers...