South Asia
Nautiyal-backed Redwoods Capital plans $50 million India real estate fund
Indian asset management firm Redwoods Capital, founded by the former head of BNP Paribas India’s real estate business Anuj Nautiyal, is set to raise a domestic real estate fund with a preliminary target of $50 million.
ICICI Venture-backed VA Tech listing sees 26% premium
ICICI Venture-backed water treatment and infrastructure firm VA Tech Wabag has traded up at a more than 26% premium to its INR1,310 ($29.50) issue price at its listing on the Bombay Stock Exchange.
IFCI invests $6.7 million into Indian solar-power firm Titan Energy
IFCI Venture Capital has invested INR30 crore ($6.7 million) in Indian solar-module maker Titan Energy Systems Ltd., buying the firm a 12% stake in the company.
Warburg Pincus set to invest $50 million in liquid-storage firm IMC
Warburg Pincus is reportedly set to invest $50 million into major Indian liquid-storage provider IMC Ltd.
Harjit Bhatia forms Asia Growth Capital Advisors with ex Credit Suisse India, Southeast Asia team
Asian private equity veteran Harjit Bhatia has recently reemerged as Chairman and CEO of Asia Growth Capital Advisors, a private equity firm he founded along with his ex-partners at Credit Suisse Private Equity Asia.
ChrysCap invests $11.4 million into India's Pratibha Industries
ChrysCapital has injected INR50 crore ($11.4 million) in Indian water- and infrastructure-focused company Pratibha Industries Ltd. via its subsidiary Van Dyck.
Vikram Lall appointed non-executive director at Elephant Capital
Vikram Lall, Brewin Dolphin Holdings’ former corporate finance director, has joined Elephant Capital as a non-executive director on the India-focused PE fund’s board.
WL Ross may catch Kingfisher after SpiceJet airline success
WL Ross India, the local platform of leading US turnaround investor Wilbur Ross, may be looking to repeat the success of its SpiceJet investment by taking a stake in the debt-burdened industry peer, Kingfisher Airlines.
Barclays buys back into India's Intelenet via Blackstone sale
The Blackstone Group has sold a 12.75% stake in Indian BPO consultancy investee Intelenet Global to the UK's Barclays for an undisclosed price, three years after Blackstone bought out Barclay's stake in Intelenet.
IDFC may trade stake in SE Forge for shares in parent Suzlon Energy
IDFC Private Equity has submitted a proposal that, if approved, would allow it to exchange its 17.1% stake in Suzlon Energy’s subsidiary SE Forge Ltd. for 31.99 million shares in Suzlon Energy in a no-cash transaction.
Sun Catalytix gets $9.5 million from Tata, Polaris
Indian conglomerate Tata Ltd. has led a $9.5 million Series B round of investments into US energy firm Sun Catalytix Corp., with existing financial investor Polaris Venture Partners making a new capital injection.
IFCI Venture Capital to partially exit Marck Biosciences
IFCI Venture Capital is selling a nearly 10% stake in Indian pharma firm Marck Biosciences, according to local reports, coming as the investee looks to build an INR55 crore ($12.4 million) manufacturing plant.
Trinity Capital makes 1% stake exit from India's Pipavav Shipyard
Real estate-focused PE firm Trinity Capital has exited its 1% stake in Indian shipbuilder Pipavav Shipyard for INR58 crore ($13 million), making a reported 3.2x return on its more-than-three-year investment.
Sequoia India invested $16 million in biopharmaceutical play Celon Labs
Sequoia Capital India has invested INR70 crore ($16 million) in Celon Labs, a Hyderabad-based biopharmaceutical company with established brands in oncology, critical care and gynaecology.
India's GVK Power said still in talks with SCPEL, TPG
GVK Power and Infrastructure Ltd., an arm of Indian conglomerate GVK, is continuing talks with TPG Capital, Standard Chartered Private Equity Ltd. (SCPEL) and Morgan Stanley's infrastructure fund to invest some $250-300 million for up to 30% of its Mumbai...
Matrix boosts Muthoot Finance pre-IPO commitment
Matrix Partners India has invested a further INR25 crore ($5.6 million) in a pre-IPO commitment into leading Indian non-bank financial company Muthoot Finance Ltd., following its earlier joint INR157 crore ($33.6 million) investment with Baring Private...
Khosla to reuse SKS IPO profits in poverty fund for India, developing markets
Vinod Khosla, veteran VC with Kleiner Perkins Caufield & Byers and his own Khosla Ventures, is planning to use some of his $117 million personal gains from the July NSE IPO of SKS Microfinance in a new VC fund to support businesses focused on poverty...
3i looks to expand debt to India after Mizuho purchase
UK private equity leader 3i Group is seeking to expand its new debt offering to India, with a planned launch of an India-dedicated debt fund, following its purchase of $5.9 billion European debt specialist Mizuho Investment Management last month, according...
After SpiceJet, Ross may invest India's Kingfisher Airlines
Leading US investor Wilbur Ross may be seeking to follow his successful investment in, and exit from, Indian budget carrier SpiceJet by investing some $100-150 million into debt-saddled peer Kingfisher Airlines, according to Indian media.
Actis said seeking exit from India's Halonix
Actis is seeking a buyer for some or all of its 66% controlling stake in Indian halogen bulb and lamp manufacturer Halonix, in a deal which could fetch up to $56 million with a probable strategic buyer, according to Indian reports.
Nexus, Nokia, Fidelity, Cisco invest India's Netmagic
Nokia Growth Partners and Cisco Systems have led existing investors Nexus Venture Partners and Fidelity International into an INR70 crore ($15.7 million) investment round for Netmagic Solutions, an IT hosting services provider.
Evolvence, Jacob Ballas, NYLIM pick up Emaar MGF pre-IPO shares
Emaar MGF, the Indian real estate development company set up jointly by Dubai's Emaar Properties and northern Indian retail real estate developer MGF Development, has sold stakes to existing shareholders Evolvence India Holdings, Jacob Ballas and New...
KKR takes stake in Avantha Power
Kohlberg Kravis Roberts & Co. has become the latest leading private equity firm to tap into India's infrastructure sector, with an INR217 crore ($49 million) pre-IPO investment into Avantha Power & Infrastructure Ltd., a division of the $4 billion Avantha...
Ascent invests India infrastructure, real estate with IVRCL Assets
Ascent Capital Advisors India, the Indian private equity firm that launched out of UTI Venture Funds Management, has made a PIPE investment of some INR150 crore ($33.8 million) into IVRCL Assets and Holdings, a Hyderabad-headquartered infrastructure and...