South Asia
Corporates lead India VC into the light
Early-stage funding has been hard to come by in India. Corporate funds plugged the gap but competition is now rising as venture capital matures
India exits: M&A trumps IPO
A new study reveals sharp disparities in preferred private equity exit routes in China and India
Sequoia bets on India’s snack food potential
Indian snack food maker Prakash Snacks has secured its first round of private equity financing from Sequoia Capital, believed to be worth $25-30 million. Financial details were not disclosed, but local media reported that the Silicon Valley growth capital...
IL&FS invests $22.5m in Jyothy Fabricare
IL&FS Investment Managers has invested INR1 billion ($22.5 million) in Jyothy Fabricare Services (JFS), a washing and dry cleaning manager that services both retail and institutional clients.
Shareholders may vote to outst 3i CEO Michael Queen
The future of 3i Group CEO Michael Queen has been called into question after reports that the firm’s top investors may vote against his reappointment at a board meeting Wednesday. Investors are unhappy with Queen’s plan to reinvest capital that would...
Carlyle sells majority stake in Newgen to PE consortium
The Carlyle Group has sold its majority stake in Chennai-based publishing and data services firm Newgen to a private equity consortium comprising Franklin Templeton Private Equity Strategy, Aureos South Asia Fund and ePlanet Capital. Financial details...
SCPE takes stake in Redington India
Standard Chartered Private Equity (SCPE) has acquired a 10% stake in IT products distributor and supply chain manager Redington India for INR365 crore ($82 million), The Times of India reported. The stake was acquired from Redington’s promoters, Taiwanese...
Nomura to launch India infrastructure fund in September
Nomura Holdings plans to launch its $500 million India-focused $500 infrastructure fund in September, according to Vikas Sharma, the Japanese asset manager's country head for India. The launch date is a couple of months later than originally expected.
IPO exits twice as popular in China as in India – study
Private equity investments in China are twice as likely to result in an IPO exit as investments in India, where M&A remains the preferred route, according to new research published by LGT Capital Partners and INSEAD’s global private equity initiative.
Apollo to invest $500 million in Welspun and its subsidiaries
Apollo Global Management is to invest up to INR2,250 crore ($502.9 million) in India-based pipe manufacturer Welspun Corp. (WCL). It is one of the largest private equity transactions in India this year and the largest that Apollo has made in the market...
Navis takes majority stake in Indian auto-graphic firm
Navis Capital Partners has invested nearly $100 million for a majority stake in Mumbai-based Classic Stripes, a global manufacturer of graphics used on automotive vehicles, The Economic Times reported.
PE firms participate in ING Vysya Bank share placement
A group of six funds, led by private equity players ChrysCapital, Morgan Stanley and India Advantage Fund, have bought a more than 5% stake in ING Vysya Bank for about INR300 crore ($70 million). The stake was purchased through the bank’s recent INR513...
Fidelity Growth Partners makes India education investment
Fidelity Growth Partners will take an undisclosed minority stake in Mind Shaper Technologies for about $15 million, according to statement from the Delhi-based education company. Mind Shaper operates under the Classteacher Learning Systems brand, which...
Sequoia commits $30m to Indian snack foods producer
Sequoia Capital will invest $30 million in Prakash Snacks, marking the first round of private equity funding for the Indore-based snack food producer.
Unilever to start India venture capital fund
Unilever will set up a venture capital fund to invest in India based on the Unilever Corporate Ventures model that already operates in North America and Europe. A spokesperson for the company said that it wanted to seek opportunities in emerging markets,...
Carlyle injects growth capital in India's Visen
The Carlyle Group has broadened its growth capital portfolio in India through a $25 million investment in polymer-emulsion maker Visen Industries, slated to aid the company's domestic and overseas expansion.
Blackstone, SCPE vie for stake in Indian IT product distributor
Blackstone and Standard Chartered Private Equity (SCPE) are reportedly in the final bidding stages to take a nearly 15% stake in Redington India, a telecoms and IT products distributor. An announcement on the INR500 crore ($111.65 million) deal is expected...
Warburg Pincus extends stake in Continental Warehousing
Warburg Pincus has made its second investment in Indian warehouse manager Continental Warehousing (Nhava Seva) in as many months, purchasing an unspecified stake from Aureos Capital.
Indian micro-lender gets $14.4m in third-round funding
Bangalore-based micro-lending company Janalakshmi Financial Services has secured INR650 million ($14.4 million) in third-round funding, taking the total raised from private equity to just over INR1 billion ($22 million).
IL&FS makes another Indian warehouse investment
IL&FS Investment Managers has committed INR400 million ($8.9 million) to agri-warehousing firm JICS Logistic, its fourth investment in India’s logistics and warehousing space in five years.
PEP to target smaller deals in India
Providence Equity Partners plans to focus on smaller investments in India, having previously been involved in large telecom and media deals. Biswajit Subramanian, managing director of Providence Equity Advisors India, told Mint that, with big transactions...
Kotak Mahindra applies for Singapore office
India’s Kotak Mahindra Bank, whose parent has been an active private equity investor, is looking to open its first overseas branch, in Singapore.
Apax nears Jyothy stake buy - report
Apax Partners is reportedly closing in on a 26% stake in Mumbai-based consumer goods firm Jyothy Laboratories, bringing to an end a battle between several private equity firms over the $150 million deal.
HSBC’s private equity unit invests in Indian post-production firm
HSBC Principal Investments has agreed to pay $60 million for a minority interest in Avitel Post Studioz, a Mumbai-based post-production company serving the media and entertainment industries.