South Asia
India's Apollo Hospitals seeks private equity investment
Apollo Hospitals is looking to garner additional funding from private equity investors to the tune of INR3,000 crore in an effort to expand its reach in India, with the company’s Chairman suggesting that a partnership with Malaysian sovereign wealth...
Mizuho, Tata Capital form India-focused fund
Japanese brokerage Mizuho Securities will foray into India’s private equity industry in partnership with Tata Capital, a unit of diversified Indian conglomerate Tata Group, forming a joint fund with an expected size of $400-500 million.
CVCI sells stake in Emaar MGF to company's promoters
Citi Venture Capital International (CVCI) has exited its 1% investment in Emaar MGF Land Ltd, the Indian branch of Dubai realtor Emaar Properties PJSC, for a reported $60 million – up from the $50.98 million it paid in 2006.
Everstone Capital makes $250 million first close of second fund
Indian PE firm Everstone Capital has raised $250 million in the first close of its Indivision India Partners II, its second private equity fund, marking the approximate half-way point towards its $550 million target before the end of the year, according...
TLG Capital does first deal in India with Re-feel Cartridge
TLG Capital, a London-based investment firm, has made its first investment in India, taking a 36% stake in privately held Re-feel Cartridge Engineering Pvt Ltd, the country's largest printer cartridge refill and laptop repair services company, for some...
Indian retailers aim to raise $100 million for new fund
A group of Indian retailers are set to launch a $100 million food-and-agriculture-focused private equity fund, titled I-Farm Venture Advisors, targeting suppliers and small- and mid-sized firms.
IFC may take 20% of microfinance firm Ananya
Indian microfinance firm Ananya Finance For Inclusive Growth is looking to raise $32 million in an effort to grow its operations, and may receive nearly 30% of that target from the World Bank’s International Financial Corporation (IFC), according to...
IFC, JBIC make joint PNG bank investment
The International Finance Corporation (IFC), the World Bank Group's private finance arm, and IFC Capitalization Fund, a $3 billion fund set up by IFC and the Japan Bank for International Cooperation, have jointly invested around $110 million in Bank South...
Pravi Capital takes ICICI legacy on fundraising trail
Pravi Capital, launched by a group of former ICICI Venture executives, is reportedly looking to raise $200 million worth of growth capital for privately-held Indian companies, with fundraising slated to begin in the fourth quarter of this year.
IL&FS acquires Saffron Assets Advisors
IL&FS Investment Managers has acquired for an undisclosed amount the real estate-focused PE firm Saffron Assets Advisors, which has $400 million under management, bringing the total assets under IL&FS’ management to $3.2 billion and securing its spot...
SBI Macquarie Infrastructure Fund takes 12% of power project in India
SBI Macquarie Infrastructure Fund, a joint venture between the State Bank of India and Australia's Macquarie Group Limited, has reportedly taken a 12% stake in India's Adhunik Power and Natural Resources for IND125 crore ($26.9 million).
Baring India to broaden focus to include real estate
Baring Private Equity Partners India is slated to start investing in the market’s real estate sector, adopting it as a focus sector along with India’s IT, healthcare and financial industries, according to reports.
Subramaniam recruits partners at newly launched MCap
Former Baring Private Equity Partners India executive N. ‘Subbu’ Subramaniam has recruited former Chief Risk Officer for Citigroup India Rahul Gupta and former Director at real estate consultancy DTZ Abhilash Lal to join him at his newly-launched...
Baring India, Matrix back Muthoot Finance
Baring Private Equity Partners India and Matrix Partners India have jointly committed some INR157 crore ($33.6 million) to Muthoot Finance Ltd., a leading Indian non-bank financial company, in its first institutional funding round.
CVCI makes 90% exit from India's KS Oils
Citigroup Venture Capital International (CVCI) has reportedly exited 90% of its 4.95% stake in cooking oil company KS Oils for INR93 crore ($19.9 million).
JS Pakistan fund gets OPIC backing
JS Private Equity Fund II, the fund launched by Pakistan's JS Private Equity that targets $150 million, has received a $50 million commitment from US policy investor the Overseas Private Investment Corporation (OPIC).
Kotak PE to take minority stake in India's Diamond Power
Kotak Private Equity may take up to 10% in Indian power transmission and services company Diamond Power Infrastructure Ltd. for an undisclosed amount.
Soros seeks Dubai's BSE stake
Soros Fund Management, the investment vehicle of iconic investor George Soros, is looking to buy the 3.92% stake in the Bombay Stock Exchange held by Dubai Holdings, for around $40 million, according to reports.
Angel Broking seeks PE capital
Indian stock broking and wealth management firm Angel Broking has reportedly approached private equity firms to raise $64 million through the sale of a minority stake.
CDC to invest $30 million in India's Multiples
UK government-owned CDC Group, which supports economic development across India, has committed $30 million to Multiples Private Equity Fund I, the vehicle focused on investments across the country’s business sectors launched by former ICICI Venture...
JPMorgan's Southeast Asia, India PE head Panandiker exits
MD of JPMorgan's private equity division in Southeast Asia and India, Vibhav Panandiker, has quit the bank a year and a half after assuming his role.
MakeMyTrip IPO could give big exit for VCs
VC-backed Indian online travel company MakeMyTrip(MMT) may deliver one of the largest recent exits for investors via a debut on NASDAQ, after filing for an IPO expected to raise up to $100 million.
Haldia Coke gets $26.6. million from Gaja Capital Partners
Mumbai-based PE firm Gaja Capital Partners has invested INR125 crore ($26.6 million) into Haldia Coke & Chemicals Pte. Ltd., a producer of metallurgical coke, with the aim of expanding its mining, metallurgical coke and power-production operations.
ICICI Venture may offload stake in I-Ven Medicare
ICICI Venture is reportedly set to exit a large portion of its healthcare arm I-Ven Medicare India Pvt. Ltd. – which is further a component of its India Advantage Fund Series 2 - and is said to be in talks with Mumbai-based PE firm India Value Fund...