South Asia
Blackstone sells Intelenet stake to UK support-services firm
Blackstone has sold its 66.25% stake in Indian BPO company Intelenet Global Services to Serco, the British support-services firm, for $634.2 million.
TPG, Warburg Pincus consider $100m investment in Vasan
TPG and Warburg Pincus are in talks with India’s Vasan Healthcare over a potential $100 million investment that would be structured as a combination of primary and secondary transactions, the Business Standard reported. A spokesperson for Vasan Group...
India's economic growth slows to 7.8%
India’s GDP growth has slowed for the fifth-consecutive quarter to 7.8%, missing its 8.2% target, due to factors including high interest rates and a dip in manufacturing. Economic growth came to 8.3% in the previous quarter.
IFC prepares loan for Axis-backed infrastructure firm
An Indian infrastructure firm backed by Axis Private Equity is poised to secure a INR22.58 crore ($5 million) loan from the International Finance Corporation, the World Bank’s investment arm, according to Financial Chronicle.
Franklin Templeton PE fund invests in India’s SFO Technologies
Franklin Templeton Private Equity Strategy (FTPES) has invested IND67.5 crore ($14.9 million) in SFO Technologies, a leading Indian electronics manufacturer. FTPES is one of three private equity investors that have committed a combined IND166.5 crore...
JP Morgan invests in New Delhi real estate project
JP Morgan has injected $30 million in a New Delhi project of real estate manager Parsvnath Developers, according to the Economic Times.
Squadron launches $150m vehicle with Finnish pension fund
Global fund of funds manager Squadron Capital has launched the $150 million Keva Squadron Emerging Asia Fund I, fully funded by Squadron professionals and Finnish pension fund Keva. The vehicle will target SMEs in China, India and Southeast Asia, with...
KKR, IFC invest in Indian SME lender
KKR and the International Finance Corporation (IFC) are reportedly set to acquire a 14.9% and a 12% stake, respectively, in Magma Fincorp, a Kolkata-based lender for trucks and farm equipment, via the issuance of new new shares. The transaction is valued...
Milestone Religare's Rajesh Singhal joins Tata Capital
Tata Capital Limited appointed Founding Managing Partner of Milestone Religare Capital Rajesh Singhal as Partner in its Tata Opportunities Fund.
ADB invests $60 million in cleantech funds
The Asian Development Bank (ADB) will launch three venture capital funds targeting investments into cleantech developments, committing $20 million apiece to Aloe Environment Fund III, Keytone Ventures II and VenturEast Life Fund III for total of $60 million.
TPG’s Shriram Transport stake said to attract interest from Orix
Japanese financial services group Orix Corp. is the latest player to have reportedly set its sites on TPG’s share in Shriram Transport Finance Co. (STFC), touted as India’s largest commercial vehicle lender, in a sale that could bring in more than...
Elephant Capital invests in India's aviation engineering company
Elephant Capital has acquired a 4.8% stake in Air Works India Engineering Ltd. The AIM-listed company paid £2.45 million($3.93 million) for the stake. Elephant Capital's Mauritian subsidiary, Tusk Investments Fund 1 provided the capital except for £0.44...
Indian renewable energy fund appoints MD
Energy-focused PE fund Nereus Capital has named Rajesh C. Managing Director, charged with driving investments in new and existing target areas linked to renewable energy.
Khosla Ventures gets $15 million from Wipro chairman
Silicon Valley-based VC firm Khosla Ventures (KV) has received $15 million of funding from Azim Premji, the Chairman of Indian technology company Wipro, according to India’s Economic Times.
Indian online ticket seller raises $6.5m
India’s Pilani Soft Labs Private Ltd. has reportedly raised $6.5 million in a Series C round of funding from investors including Helion Venture Partners, Inventus Capital Partners and Seedfund.
Intel Capital invests $18m more in India, including first healthcare investment
Intel Capital, the PE investment arm of Intel, has invested $18 million in two Indian companies, including Sudhir Srivastava Robotic Surgery Centre (SSARSC), a provider of advanced robotic surgery procedures, marking Intel Capital’s first investment...
Warburg Pincus takes stake in Indian power company
Global private equity firm Warburg Pincus has invested an undisclosed amount into India’s Diligent Power, an emerging power company that develops coal-based thermal energy projects.
TA Associates takes minority stake in Tega Industries in India
TA Associates, a growth-focused private equity firm, has completed a minority investment in Tega Industries Ltd., a company offering designs and production of consumables for the mining industry in India. Financial details were not disclosed.
ChrysCapital finds a bargain in India’s NCC
CHRYSCAPITAL, WHICH CLAIMS TO BE India’s largest investor in the construction business, has taken an undisclosed minority stake in Blackstone-backed Nagarjuna Construction Company Limited (NCC).
Blackstone considers Intelenet divestment - report
Blackstone is said to be considering selling its 66% stake in Indian BPO firm Intelenet Global Services to British services network Serco.
Mumbai Angels supports net agri products seller
Mumbai-Angels, the Indian investment firm focusing on early stage companies, has reportedly taken a 25% stake in Chennai based MVS Efarm Pvt Ltd, for undisclosed sum.
VIDEO: ChrysCapital's Gulpreet Kohli
Despite India’s investment landscape has become expensive in recent years, ChrysCapital’s MD Gulpreet Kohli identifies some pockets of opportunity that make the market compelling
ChrysCapital finds a deal in NCC
ChrysCapital, which claims to be India’s largest construction investor, has taken an undisclosed minority stake in Blackstone-backed Nagarjuna Construction Company Limited (NCC).
Mumbai’s Pravi Capital hires new CFO
Pravi Capital Advisors, a Mumbai-based private equity investment advisory firm, has hired Shashidhar Jayaraman, a finance expert in India as its chief financial officer. His main roles at Pravi include portfolio management and supervision of fund accounts,...