South Asia
India’s IFCI invests $56m in Gayatri Energy
Gayatri Energy Ventures has reportedly raised INR250 crore ($56.2 million) from the Industrial Finance Corporation of India (IFCI) through the issuance of compulsory convertible debentures, marking the largest-sized tranche ever invested by IFCI.
Reliance exits Pelago via Groupon acquisition
Reliance Ventures Asset Management has exited its stake in US-based group-buying website Pelago.com to Groupon, which has fully acquired the asset.
Shapoorji Pallonji to launch first PE fund
Indian conglomerate Shapoorji Pallonji Group has is reportedly nearing the launch of a $500 million private equity fund that will focus on the domestic real estate sector, with a first close expected to be announced eminently.
LVMH's L Capital officially launches $650m Asia fund
LVMH Group's private equity investment arm L Capital has launched its $650 million L Capital Asia fund, which will target consumer investment opportunities in China, India and Southeast Asian markets such as Indonesia, Malaysia and Thailand.
Warburg Pincus forms JV with portfolio company
New Delhi based hospitality firm, Lemon Tree Hotels, has formed INR1,400 crore ($315.4 million) joint venture, Oceanus Real Estate Pvt Ltd , with Warburg Pincus that will focus on housing project in India. Lemon Tree will own 51% of the JV with the private...
SAIF India invests in Firstcry.com
Perhaps better known for their China operations, SAIF Partners India, has made another bet in India’s fast growing e-commerce segment, investing $4 million in online kids and baby care products retailer, FirstCry.com.
Matrix India invests in water company
Matrix Partners India has recently announced that it has invested INR60 crore ($13.5 million) as the sole investor in the first institutional round of funding of Chetas Control Systems Private Limited (Chetas).
Yatra gets $45m of new funding
Digital travel services firm Yatra.com has received INR200 crore ($45.2 million) in a growth-financing tranche led by Valiant Capital and included participating from existing investors including Norwest Venture Partners and Intel Capital.
IFC finances Indian cleantech project
IFC, the investment arm of the World Bank Group, has provided a $16 million loan to Gamesa Wind Turbines to fund the construction of a turbine-manufacturing facility, marking its first foray into India’s wind turbine sector.
iProf gets Series A venture backing
iProf Learning Solutions – a company that manufactures an education tablet device - has received a first-time investment round from venture firms Norwest Venture Partners and IDG Ventures India, taking in $4.9 million to expand its e-learning centers...
Providence invests in India’s UFO Moviez
Providence Equity Partners has invested INR2.6 billion ($58.3 million) to become the largest shareholder in digital cinema company, UFO Moviez. UFO is the world's largest satellite-based digital cinema service with close to 2,500 installations across...
VC-backed travel portal gets $40m
VC-backed Indian travel portal Cleartrip Travel Services has received a $40 million capital injection from online travel and management firm Concur Technologies Inc., buying US-based Concur an undisclosed minority stake in the company.
IL&FS fully exits warehouse operator to Warburg Pincus
The Leverage India Fund (LIF), a private equity fund managed by IL&FS Investment Managers Limited with $153.5 million under management, has exited its five-year asset Continental Warehousing Corporation (Nhava Seva) Limited via a trade sale to Warburg...
D.E. Shaw invests in Indian PIPE
DE Shaw, a global private equity and hedge fund company, is reportedly closing in on a 14.16 % stake acquisition in listed media channel operator New Delhi Television Ltd. (NDTV) INR70 crore ($158.4 million).
Arcapita exceeds expectations with MedPlus exit
Islamic investment bank Arcapita has reportedly exited its stake in India’s MedPlus Health Services to an unidentified private equity consortium, seeing 6x returns and exceeding its own expectations, according to Reuters.
Eight Capital to launch $250m mezzanine fund in India
US-based global asset manager Eight Capital is set to launch its India-focused Mezzanine Income Fund, setting a $250 million target size that is expected to generate IRR of 20%.
Matrix Partners invests in education-services firm
Maharana Infrastructure and Professional Services Private Limited (MIPS) has received INR50 crore ($11.3 million) from Matrix Partners India in its first round of institutional funding, making Matrix its sole investor.
Tata Capital makes first close
Tata Capital has completed the first close of its newest India-focused private equity vehicle, the Tata Opportunities Fund LP, raising $450 million.
ChrysCapital partially exits Intas Pharmaceutical
Indian private equity firm ChrysCapital is reportedly planning to sell a portion of its shares in Intas Pharmaceuticals via an upcoming IPO, in which Intas aims to raise INR425 ($96.3 million).
Standard Chartered PE invests in basmati rice group
Indian basmati rice producer Bush Foods Overseas Private Ltd. has received a $25 million investment from Standard Chartered Private Equity, used for the company’s expansion.
D.E. Shaw joins forces with Indian billionaire
In the first three months of 2011, India has fully showcased its clout as a destination for growth and transactions, with top financial services deals dominating headlines, including Reliance Life's stake sale to Japan's Nippon Life and Standard Chartered's...
ICICI Venture and Gaja Capital invest in TeamLease
ICICI Venture will join existing investor, Gaja Capital Partners, in injecting Rs. 100 Crore into TeamLease Services, a Bangalore-based composite staffing and education company.
Temasek eyes TPG's stake in Shriram Transport - reports
Singaporean sovereign wealth fund Temasek Holdings is reportedly in negotiations with US buyout firm TPG Capital to purchase a stake in Shriram Transport Finance Co. (STFC), touted as India’s largest commercial vehicle lender. According to India’s...
Macquarie SBI invests in GMR Airport
Macquarie SBI Infrastructure has officially invested $200 million in GMR Airport Holdings, a unit of Bangalore-based GMR Infrastructure, which operates two of India’s major airports.