South Asia
TPG to invest Vishal Retail to slash debt, raise funds
TPG Capital is set to link with Indian superstore chain owner Vishal Retail in an anticipated move aiming to raise funds to slash Vishal’s accrued IND7.35-billion ($158.7 million) debt.
SAIF, Sequoia, Tiger investee Just Dial looks to launch IPO
Indian search firm Just Dial Pvt – which has received more than $10 million worth of funding from early backer SAIF Partners – is set to launch its IPO, which may come as early as the end of the year.
Greylock, Battery invest $8.75 million in India's Taggle Internet Ventures
Bangalore-based Taggle Internet Ventures has received $8.75 million in joint funding from tech-focused Silicon Valley VC firms Greylock Partners and Battery Ventures, in an effort to heighten its tech and marketing initiatives as well as increase its...
Khazanah may pick up Amanresorts
Malaysian SWF Khazanah Nasional is seeking to pick up a controlling stake in exclusive luxury resort chain Amanresorts from its current owner, Indian real estate developer DFL Group, for some $300-350 million, according to reports.
Actis settles differences over Nilgiri Dairy
Actis Capital has resolved its long-running dispute with the promoters of Nilgiri Dairy Farm, the Indian milk products group it took an ostensible control stake in for $65 million in 2006.
Reliance sells India towers
The Blackstone Group, the Carlyle Group and TPG Capital are all in talks with number two Indian cellular provider Reliance Communications, part of India’s Reliance Anil Dhirubhai Ambani Group, over the spinout of the company’s cellular transmission...
Gupta joins Nexus as MD
Indian VC firm Nexus Venture Partners has announced the hire of Anup Gupta, hitherto Group COO at leading NYSE-listed BPO company WNS (Holdings) Ltd., as a Managing Director.
Reliance picks up TV stake
Reliance Capital (RCap) has paid an undisclosed sum for an 18% interest in Bloomberg UTV, a business media network in India, diluting the promoters’ stake to 67%.
ICICI Venture hires for infra fund
ICICI Venture, the private equity arm of ICICI Bank, has hired Manikkan Sangameswaran, former chief of Babcock & Brown Infrastructure’s BBI.AX India unit, to head up its new infrastructure business.
Blackstone could exit Emcure
The Blackstone Group may be on the verge of exiting its first investment in India, Emcure Pharmaceuticals, following earlier reports that Kohlberg Kravis Roberts & Co. may be about to commit $50 million to the company - the same amount as Blackstone's...
KKR supports Sajjan Jindal India steel
Kohlberg Kravis Roberts & Co. has made an INR650 crore ($140 million) commitment to India's Sajjan Jindal group, cited as India's richest private steel producer, in a structured sponsored finance package mixing debt, equity and cash, to support the group's...
Blackstone may invest Reliance towers
The Blackstone Group has formed a consortium with US cellular tower operator Crown Castle International to bid for Reliance Infratel, the tower division of Reliance Communications, Indian's Number Two cellular provider, backed by billionaire Anil Ambani.
SAIF expects 5x return from selling Intelligroup
Hyderabad-based IT firm Intelligroup, 37% and 26% invested by SAIF Partners and Venture Tech (an investment vehicle of The Institute for Learning and Brain Sciences of the Washington University in the US), will be sold 100% to NTT Data Corporation, the...
WL Ross exits SpiceJet at a premium
Leading US investor Wilbur Ross and his flagship investment group WL Ross & Co. have exited from the 30% stake held since 2008 in Indian budget airline SpiceJet. The exit price was $127 million, yielding a 58% profit after just two years.
Ross flies out of SpiceJet
Leading US investor Wilbur Ross has exited from the 30% stake his WL Ross & Co. investment group held in Indian budget airline SpiceJet for $127 million, yielding a substantial profit after just under two years in the asset.
IL&FS increases ties to Orbit Corp. through $64 million investment
Indian redevelopment firm Orbit Corporation is reportedly set to link with IL&FS Investment Managers to launch a INR300 crore ($64 million) fund for one of its Nepean Sea Road projects, coming months after the private equity firm participated in an INR165...
IDFC starts private equity real estate fund
Infrastructure Development Finance Company Ltd (IDFC), India’s leading infrastructure finance services firm, is to expand its alternative investment capabilities to operate a private equity real estate business, hiring a new senior executive to run...
Helion, Opus reinvest digital video ad network Jivox
Online video advertising shop Jivox has received a $4 million investment from Opus Capital and Helion Venture Partners, as part of a second-round fundraising exercise that brings its total VC investment to date to $15 million.
Agnellis' Exor plans Asia private equity JV with Jardine, Rothschild
Exor SpA, the Italian industrial holding company controlled by the Agnelli family behind Fiat and other leading businesses, is planning a private equity joint venture with Jardine Matheson Holdings and private bank NM Rothschild & Sons, focusing primarily...
BanyanTree invests $14.9 million into Indian fastener manufacturing company
Mumbai-based BanyanTree Growth Capital has invested INR700 million ($14.9 million) for a minority stake in Deepak Fasteners, a manufacturer of industrial supplies such as nuts and bolts.
IL&FS Milestone invests $122 million in Indian construction company
India’s IL&FS Milestone Fund is poised to take a 74% stake in the Hindustan Construction Co. following an INR5.75 billion ($122.3 million) investment.
Temasek discusses Indian roads fund
Singapore SWF Temasek Holdings is in talks with Indian authorities to create a fund of up to $2 billion to finance opportunities in the Subcontinent's roads and transport sector, according to Kamal Nath, the country's Minister for Road Transport and Highways.
Miranda to yield IDFC PE CEO slot
Luis Miranda, incumbent president and founding CEO of the $1.3 billion Indian infrastructure-focused private equity firm IDFC Private Equity, is to step down to assume a role as non-executive chairman from November 2010.
Vishal Retail may turn to TPG, Indian investors for capital
Indian superstore chain owner Vishal Retail is considering linking with local and pan-regional investors, including private equity fund TPG Capital, within two to three months, to slash debt and raise capital following a fiscally-strained period.