South Asia
Indian PE deal values reach $7.7b in 2011
India private equity transactions experienced a 24% increase in value and volume this year, with 347 deals valued at a total of $7.7 billion reported during the period.
Tata, Aavishkaar subscribe to $6.9m Vortex round
Venture capital investors Tata Capital and Aavishkaar have participated in a INR370 million ($6.9 million) funding round for Indian ATM manufacturer Vortex Engineering.
NSR nears VRL investment
New Silk Route (NSR) is reportedly in discussion with Indian transport and logistics firm VRL Logistics for an INR1.5 billion ($26 million) investment.
Investcorp sells stake in Redington unit to Indian parent
Gulf-based alternative asset manager Investcorp has sold its 26% stake in Redington International to the subsidiary’s private equity-backed parent company, Redington India.
BVP India invests in Indian dialysis clinics
Many entrepreneurs within growth-stage firms claim to live and breathe their business propositions. One company founder, Kamah Shah, takes this adage to the next level, however, as his reliance on kidney dialysis machines sees him undergoing the treatment...
Kotak Realty raises $98.2m for properties fund
Kotak Realty Fund has raised INR5.23 billion ($98.2 million) from domestic LPs for a fund that will provide high-yield debt instruments to real estate developers.
Ind-Barath seeks funding from TPG, Apollo - report
Ind-Barath Power Infra, an Indian power and infrastructure developer, is reportedly negotiating with TPG Capital and Apollo Global Management to raise $150 million, coming after the company cancelled its plans to launch an IPO amid market volatility....
UTI Capital invests $19m in Indian oil JV
UTI Capital, the private equity arm of UTI Asset Management, has invested INR1billion ($18.8 million) for a 4% stake in Mumbai-based Indian Oiltanking.
Matrix injects $4m in Waterlife India
Matrix Partners India has invested INR220 million ($4.2 million) in drinking water supplier Waterlife India.
IEP acquires TNT's Indian road business
India Equity Partners (IEP), through its logistics subsidiary, has acquired the Indian road operations division of Netherlands-based delivery services company TNT Express.
Greylock, Battery-backed Taggle closes down
Taggle, the Indian online retailer backed by Greylock Partners and Battery Ventures, closed its doors last week, reportedly squeezed out of the market due to competition.
Bravia Capital eyes Kingfisher Airlines deal
Hong Kong-based private equity firm Bravia Capital is reportedly considering investing in debt-ridden Indian airline Kingfisher.
Jacob Ballas plans to invest $150m into India next year
Managing director of India-focused Jacob Ballas Capital, Srinivas Chidambaram, confirmed to media that the firm plans to invest $150 million into the Indian market within the next year.
Sharing ideas in India
I was in India last week for our local event, the final one of the year, which successfully took place in Mumbai. As usual, key executives of the local private equity industry got their chance to share their views on the market with their peers from other...
IDFC PE and SBI tipped to invest $154m in theme park
IDFC Private Equity and SBI Capital Markets are rumored to be considering investing INR1.2 billion ($154 million) in an INR95 billion theme park development based in India.
Warburg Pincus names new India co-heads
Warburg Pincus has elevated managing directors Niten Malhan and Vishal Mahadevia to the roles of co-heads of the firm's India business, assuming the responsibilities held by Managing Director Dalip Pathak, who founded the India office. Their appointments...
Bain-, TPG-backed Lilliput to raise capital
The promoter of Lilliput Kidswear and the company’s investors, Bain Capital and TPG, have reportedly agreed to raise up to INR5 billion ($97.4 million) through a private placement for the children's clothing retailer, signaling that the parties’ months’...
Bain, TPG, TA circle VC-backed Trivitron
Bain Capital, TPG and TA Associates are reportedly weighing up the possibility of investing for a 10-12% stake in Indian medical device provider Trivitron Healthcare.
Thomas Cook India attracts private equity interest
Private equity houses are tipped to be interested in a purchase of the Indian arm of beleaguered UK tour operator Thomas Cook.
Ex-Temasek exec launches Kedaara Capital with CD&R
Manish Kejriwal, the former head of Temasek India, is said to be counting Clayton, Dubilier and Rice (CD&R) among the investors of his new fund manager, Kedaara Capital.
Actis, Nexus and ChrysCapital's Dhawan win at AVCJ India awards - Update
Ashish Dhawan, the founder and senior managing director of ChrysCapital Investment Advisors who is transitioning out of his role to devote more time to philanthropy, won the AVCJ Special Achievement Award at the AVCJ Indian Private Equity and Venture...
VIDEO: Tata Opportunities Fund's Mukund Rajan
PIPEs may be seen as a gray area for investors suspicious of the value-add private equity can provide to the asset class, but Mukund Rajan, managing director of the Tata Opportunities Fund, says PIPEs in India can make a difference – as long as they take...
IPO of the Year – Yonghui Superstores
William Shen, Head of Greater China for Headland Capital Partners, speaks to AVCJ about working on Asia’s most exciting IPO of the year.
VC Professional of the Year – Sandeep Singhal
Sandeep Singhal, co-founder of Nexus Venture Partners, discusses job satisfaction, the secrets of his venture firm’s success and the outlook for India’s early-stage sector.