South Asia
SAIF considers Specialty Restaurant options
Despite reports suggesting that SAIF Partners is considering boosting its stake in food services firm Speciality Restaurants from 12% to 20%, an executive from the firm has told AVCJ that an equity boost is only one option being considered to fund the...
Karbonn hunts PE backing - reports
Indian handset brand Karbonn Mobiles is reportedly seeking $50 million from American PE firms Accel Partners and Mount Kellet Capital.
KKR plans a $1.5 billion India-focused fund
PE major Kohlberg Kravis & Roberts (KKR) has reportedly begun the process of raising a $1.5 billion India-focused fund, with the firm’s founder Henry Kravis said to be in the country drumming up support for the vehicle.
Zephyr Peacock targets $150 million for third fund
New York-based Zephyr Management’s India-focused PE arm, Zephyr Peacock, is set to raise a $150 million fund – its third and largest – targeting global investors.
MD of Carlyle's buyout team Ranjeev Gupta exits firm
Managing Director and Head of Carlyle India’s buyout team, Ranjeev Gupta has resigned from the firm after five and a half years.
Baring invests $90 million in Indian boiler manufacturer
Baring Private Equity India has invested $90 million in boiler maker Cethar Vessels for an unspecified minority stake, with capital earmarked to be used to expand Cethar’s facilities. Cethar, India’s second-largest boiler manufacturer, currently produces...
Patni deal delayed - reports
Following initial reports that private equity consortium Apax Partners and iGate had been selected to buy a 63% stake in IT services firm Patni Computer, besting a rival bidding team led by the Carlyle Group and Advent International, latest reports suggest...
The way we were
AVCJ looks back at 2010, following the trends, deals and headline-grabbing quotes that have led to the collective euphoria that now precedes 2011
Apax promotes India heads
Apax Partners has promoted the co-heads of its Indian operations, Sandeep Naik and Shashank Singh, to Partner status. Naik will be a partner of the healthcare group, while Singh focuses on the telecom sector.
Actis, GIC in Indian power deal
Emerging markets private equity specialists Actis and the Government of Singapore Investment Corporation will each invest $77 million into Indian power developer GVK Energy, a subsidiary of Hyderabad-based GVK Power and Infrastructure.
Clearwater Capital sells Oz's Griffin Coal to Lanco
Clearwater Capital Partners has sold Griffin Coal Mining Company and Carpenter Mine Management to Lanco Resources Australia, a division of Indian energy firm Lanco Infratech, for an estimated A$750 million ($743 million), according to local reports.
Actis, GIC invest $77 million in GVK Energy
One month after Indian power giant GVK Energy received a $182 million investment from 3i India, Actis and SWF the Government of Singapore Investment Corporation (GIC) have also pledged $77 million in the company.
Sequoia leads $30 million round in iYogi
Sequoia Capital India has led a $30 million round of funding into independent tech support firm iYogi, as part of a process that also included existing investors Canaan, SVB Capital Partners, SAP Ventures and Draper Fisher Jurvetson.
Patni Computer Systems nearing a PE takeover deal - reports
Two PE-led teams, iGate-Apax Partners and Carlyle-Advent International, are reportedly nearing the end of their race to acquire Patni Computer Systems, one of India’s largest IT services companies, according to local reports.
Aureos invests $10 million for minority stake in Central Indian hospital group
Emerging markets-focused PE firm Aureos Capital has invested $10 million for a minority stake in BSR Super Speciality Hospitals Ltd.
Religare Capital names Anwar Head of Middle East
Religare Capital, a subsidy of Indian financial services group Religare Enterprises, has named Shehzad Anwar as the head of its Middle East business, charged with bolstering its regional practice.
Actis set to invest $125 million in SuperMax - reports
The same week that London-headquartered Actis announced its exit from Paras Pharmaceuticals, reports have surfaced that the emerging markets investment firm is set to inject up to $125 million for a minority stake in SuperMax Corp., a maker of shaving...
Actis exits 63% stake in India's Paras for 10x return
Actis, the London-headquartered emerging markets investment firm, will sell its 63% stake in Paras Pharmaceuticals Limited to Benckiser Group, a UK-based company selling household, health and personal care products.
New Enterprise Associates beats competitors to invest $50 million in TutorVista
VC firm New Enterprise Associates (NEA) is set to invest $50 million in Indian education platform TutorVista Global, reportedly besting firms such as Baring Private Equity Asia, ICICI Venture, Multiples Alternative Asset Management, Standard Chartered...
Blue River Capital hires Ramasundar as Director
Blue River Capital India Advisory Services has hired Ram Ramasundar, former executive at firms such as Unilever and Pepsi, as Director.
Carlyle, TPG wait as Hero Honda tie-up ends
The Carlyle Group and TPG Capital are among the private equity groups poised to step in to buy Honda's stake in Hero Honda, coming as the Indian motorcycle giant and its Japanese parent Honda wind up a 26-year JV. The potential ticket size of the deal...
3i CEO Michael Queen talks infrastructure in India
Off the back of 3i Group’s announced $1.5 billion Indian infrastructure fund, CEO Michael Queen speaks candidly with AVCJ about the firm’s ramped-up allocation in India and why placing bets on infrastructure is the right move.
Industry Q&A: Sanjay Nayar
Sanjay Nayar, CEO and Country Head for Kohlberg Kravis Roberts & Co. in India talks about his approach to the Subcontinent, a market in which promoters, management and family are one and the same.
First AVCJ India Awards see Indian industry’s coming of age
The first AVCJ India Private Equity & Venture Capital Awards held last week paid tribute not just to individual winners, but also to the overall growth and maturation of the Indian private equity industry.