South Asia
BanyanTree closes $100 million maiden fund
Mumbai-based fund manager BanyanTree Capital Advisors has closed its BanyanTree Growth Capital fund, reportedly the company’s maiden vehicle, at $100 million, according to some reports.
India’s Varkeys seeks PE deal
Varkeys Retail Ventures Pvt. Ltd., the banner group of Indian chains Varkeys Bakery and Supermarket and V-Mart, is looking to raise funds to both decrease debt and finance future expansion, and may reportedly offload a 25% stake in the company to private...
Evolvence launches second India f-o-f
Evolvence Capital, the Dubai-headquartered MENA and India investment group, is launching its second fund of funds and third India fund, the Evolvence India Fund II, targeting $400 million.
CVCI offloads 14.3% stake in India's JBF Industries
Citigroup Venture Capital International (CVCI) has sold a 14.3% stake in India’s JBF Industries for INR120 crore ($25.4 million) on the Bombay Stock Exchange, with Reliance Capital Trustee Co. in turn picking up 2.55 million shares for a 4.1% stake...
French hotel group Accor to set up investment fund for India
Accor, a leading French hotel group, is setting up a investment fund with local partner InterGlobe Enterprises to grow the hotel business in India, aiming between the upper middle class and upscale level.
Tano, Halcyon may exit Sports Stadium to investors
Indian athletic- and lifestyle-wear retailer Sports Station, backed by private equity firms Tano Capital and Halcyon, is considering offering majority equity to a corporate investor or similar player in an effort to raise capital, according to local reports.
Actis to buy Halonix's general lighting unit
Emerging markets-focused PE firm Actis Capital is to fully acquire the loss-making general lighting business of Indian halogen bulb and lamp manufacturer Halonix, a company in which it currently holds a 66% controlling stake.
TPG encounters hurdle in Vishal acquisition
Months after news surfaced that TPG Capital was set to link with distressed Indian superstore chain owner Vishal Retail, domestic retail brand Future Group, headed by prominent entrepreneur Kishore Biyani, has reportedly made an offer for the brand which...
Rabo Equity invests $11 million for 20% stake in Vacmet India
Rabo Equity Advisors has taken a 20% stake in Vacmet India Ltd., a manufacturer of packaging films, for $11 million through funding from its $120 million India Agri Business Fund.
India's Cinemax seeks PE
Movie theater chain Cinemax India Ltd. is hunting for a private equity partner to help it raise INR150 crore ($32.1 million) to expand its business, according to local reports.
HSBC India's PE head resigns - reports
HSBC India’s Head of Principal Investments and Private Equity Gul Mukhey has departed his role after two and a half years at the bank, a move that comes as HSBC is considering spinning out of its private equity units - including HSBC Private Equity...
Chindia, more Chindia
With the volume of China hype across the region, it’s good to receive a timely reminder of the other great growth market in the region: India.
New SEBI proposals could hit Indian buyouts
The takeover panel of SEBI, India's securities regulator, has proposed raising the mandatory open offer level in Indian takeovers to 100% of all of a target's shares, above a threshold of 25%, making buyouts in the country potentially far more expensive.
Baring India investee PharmaARC could seek fresh funds
PharmaARC Analytics Solutions, a healthcare BPO company invested by Baring Private Equity India, may be seeking further investment - a move that contradicts Baring, which has stated that it has neither plans to exit its 10% stake nor commitment to inject...
TA recruits SPCEL's Poddar for India
Boston-headquartered $16 billion private equity firm TA Associates has snared Standard Chartered Private Equity Ltd.'s director Dhiraj Poddar for the same role in its Mumbai office, according to Indian reports.
Vikram Sood of the Centre for International Relations, Observer Research Foundation
Vikram Sood, Vice President at the Centre for International Relations, Observer Research Foundation, highlights the domestic and international hurdles India faces as it looks to achieve further economic growth, and explains why the question, “Will India...
Tata Capital targets $1 billion in new PE capital
Tata Capital, the Tata Group’s financial services arm, has announced plans to raise approximately $1 billion from local and international sources next year for four sector-focused private equity funds.
Peepul Capital invests $11.8 million in Aqua Designs
Peepul Capital Fund II has invested INR55 crore ($11.8 million) in Indian water treatment company Aqua Designs India, funding intended to finance development projects, expansion and future acquisitions.
Anubha Shrivastava of CDC
Anubha Shrivastava, Managing Director, Asia of the UK-based development investment firm CDC, talks to AVCJ about the opportunities investors have in India as the PE market expands into non-traditional sectors, and why the number of funds in the country...
Helion Venture leads $6 million Komli Media India deal
Helion Venture Partners, Nexus Venture Partners and Draper Fisher Jurvetson India have infused an additional $6 million into digital ad network Komli Media India Pvt. Ltd.
Norwest leads $7.2 million fundraising round for Perfint Healthcare
Norwest Venture Partners has led a $7.2 million Series B fundraising round for Indian medical equipment developer Perfint Healthcare Pvt Ltd. with Perfint’s existing investors Accel Partners and IDG Ventures also participating in the financing.
Kleiner Perkins and Sherpalo continue InMobi investments
Kleiner Perkins Caufield & Byers and Sherpalo Ventures have infused $8 million in mobile ad network InMobi as part of a Series B fundraising round.
ICICI Venture's Entertainment World to launch $96 million IPO - reports
ICICI Venture-backed real estate firm Entertainment World Developers Ltd (EWDL) reportedly looks to raise INR4.5 billion rupees ($96 million) in an IPO.
Money Matters to raise up to $160.5 million for infrastructure fund
Money Matters Financial Services, a Mumbai-based advisory and investment banking firm, reportedly aims to raise as much as INR750 crore ($160.5 million) for an infrastructure fund, for which it has already pledged INR20 crore ($4.3 million).