South Asia
PE investors eye 10% stake in NICE toll way
India's Nandi Infrastructure Corridor Enterprises (NICE), a subsidiary of BF Utilities, is looking to sell a 10% stake in the first phase of its marquee project, the 164 km tollway between Bangalore and Mysore, to private equity investors for $100 million,...
3i may invest $200 million in India's GVK
3i may invest up to $200 million into Indian infrastructure giant GVK Group as part of the company’s efforts to raise $250 million, with Actis potentially fronting the remaining capital to fulfill GVK’s target, local media reports.
VenturEast takes minority stake in Orion Edutech
VenturEast has reportedly picked up a significant minority stake in BPO training company Orion Edutech, which is allocating the stake as part of a first round of funding that will be used to expand its operations in both India and overseas.
KKR eyes Honda's stake in Hero Honda - reports
KKR has approached Honda Motors to buy the 6% stake in its Hero Honda subsidiary it is looking to sell, Indian media has reported.
Microfinance firm Basix seeks $64 million from PE investors
India-focused Microfinance player Basix is reportedly set to approach private equity investors in an effort to raise as much as IND300 crore ($64 million) later this year, the largest target it has set out of its three previous rounds of financing.
Net4 India gets $1.7 million from Quilvest Group
Luxembourg Stock Exchange-listed PE firm Quilvest Group has infused INR8 crore ($1.7 million) in Net4 India Limited, a network and application services provider.
Macquarie SBI fund picks up Quippo stake
The Macquarie SBI Infrastructure Fund has made an INR1400 crore ($304 million) investment in Viom Networks, a cellular telecoms tower company formerly known as Quippo-WTTIL, for 11% of the group, with another investor, possibly WL Ross & Co., also participating.
Inno Group refocuses Indian investments into in-house projects
Real estate and infrastructure-focused private equity firm Inno Group has shifted its investment strategy in India away from third-party investment in favor of its own development projects in the market in an effort to corral its risks.
Olive Telecom to raise funding from PE investors
Indian mobile handset and netbook manufacturer Olive Telecom has reportedly turned to private equity investors to raise capital for a large-scale expansion push.
Actis-backed Tema India seeks $32.4 million in PE funding
Tema India Pvt Ltd, a manufacturer of high-pressure heat exchangers, has reportedly approached private equity investors to raise INR150 crore ($32.4 million) in growth capital, in a move that suggests that five-year-long backer Actis may be exploring...
ICICI considers Bharat Biotech exit - reports
ICICI Venture is reportedly looking to exit its 11% stake in Bharat Biotech through various options, including a secondary transaction or a sellout, as the firm aims to divest from many of its healthcare commitments.
Temasek may co-invest with HDFC in India's Embassy Property
Singaporean SWF Temasek Holdings, with HDFC Property Ventures, is reportedly in talks with Bangalore-based real estate company Embassy Property Developments Ltd. over a possible $100 million investment deal, coming ahead of Embassy’s anticipated IPO...
Dhanuka Agritech to get $7.4 million from Lighthouse Funds
Lighthouse Funds is reportedly set to invest INR34 crore ($7.4 million) into publicly-listed Dhanuka Agritech, a producer of agricultural fertilizers, chemicals and seeds.
Ascent Capital exits 10% stake in Ambika Cotton Mills
VC firm Ascent Capital Advisors India has sold its 10% stake in Ambika Cotton Mills, five years after it paid INR16.2 crore ($3.5 million) for its position.
Indian Angel Network to launch incubation center
India’s largest group of angel investors, Indian Angel Network Services, is set to launch an incubation center to assist an estimated 30 start-up ventures in its first year – a sizeable endeavor as the consortium has signed just 16 deals over the...
Canaan invests e-shopping with Naaptol
VC firm Canaan Partners has invested some INR40 crore ($8.67 million) in India e-shopping site Naaptol.com, which claims to be the country's largest online shopping platform, for a 25% stake.
Unifi Capital buys back its stake from Peepul Capital
Indian PE firm Peepul Capital has sold its stake in Chennai-based wealth management group Unifi Capital back to the company, reporting approximately 7x return on its initial $1 million investment.
Maneesh Pharmaceuticals nears deal with PE firms
Mumbai-based Maneesh Pharmaceuticals is finalizing talks with private equity firms in an effort to raise INR100 crore ($21.7 million) to INR125 crore ($27.1 million), according to reports.
IFC invests Attero Recycling as part of $8.3 million financing round
The World Bank’s International Finance Corporation (IFC) has participated in an $8.3 million round of funding for Indian e-waste recycling corporation Attero Recycling.
Bruno Raschle of Adveq
Managing Director of Adveq Bruno Raschle says that, while his group exclusively commits to local firms, it's "fascinating to see" how other foreign GPs in India vary their portfolios across the continent, and explains why, when it comes to India, there's...
Sonoma Management seeks $100 million for second fund
Pune-based Sonoma Management Partners (SMP) is to embark on a $100 million fundraising for its second vehicle, the India Buyout Fund II, dedicated to small-to-mid cap buyout targets in India’s technology sector.
Amit Chandra of Bain Capital
Amit Chandra, Managing Director of Bain Capital India, discusses why India tends to be over-built in its private equity industry and what that means for both short-term and long-term investments.
Anil Ahuja of 3i Asia Pacific
Anil Ahuja, head of 3i Asia Pacific, explains at length the investment opportunities within India’s infrastructure industry – noting that power, especially, offers investment options – and further discusses why entering infrastructure deals with...
Tano Capital exits Shilpa Medicare with 4.5x IRR
In its second exit this year, Indian private equity firm Tano Capital has sold its stake in pharmaceuticals manufacturer Shilpa Medicare Ltd, reportedly earning 4.5x return on its initial $2 million investment.