South Asia
Desai quits E&Y to raise ENAM infra fund
Jayesh Desai, hitherto senior partner and National Director for Infrastructure, Real Estate and Government at Ernst & Young in India, is leaving E&Y to join brokerage and asset management group ENAM, where he will launch an infrastructure fund.
Wipro chairman backs Manipal through PremjiInvest
PremjiInvest, the $1 billion private equity vehicle backed by Wipro Group chairman Azim Premji, will invest some $43.3 million for a significant minority stake in Manipal Universal Education, the corporate education arm of Manipal Education and Medical...
Religare buys into Northgate
Religare Enterprises, the Indian financial services group, has announced an investment in US private equity fund-of-funds firm Northgate Capital, for a reported 60% controlling stake in the firm's management company.
Indian biomass project attracts IFC support
The World Bank’s investment arm, International Finance Corp. (IFC) has announced it will nearly double its investment in an Indian 18MW biomass alternative energy project being developed by Auro Mira Bio Systems Kanyakumari Pvt Ltd, part of the AME...
Ashmore may exit India's Digicable
Ashmore Investment is reportedly in discussions to exit its 49% stake in Mumbai-headquartered Digicable Network, an India cable TV player.
Baring India ahead on Famy Care
Baring Private Equity Partners India is reportedly close to acquiring 15% of Mumbai-based contraceptive device and oral contraceptive maker Famy Care, for some $40 million.
Augentius opens Mauritius office for India
Fund management specialist Augentius has been authorized by regulators to open an office in Mauritius to serve Mauritian-domiciled private equity funds.
Nadathur invests test prep for India with Career Point
The family office of Infosys co-founder NS Raghavan, Nadathur Holdings, has reportedly invested just under $10 million in Indian test prep company Career Point Infosystems Ltd.
Sequoia invests Stovekraft in India kitchen deal
Sequoia Capital India is leading a second round of investment into Stovekraft Pvt Ltd, a Bangalore-based kitchen appliances business, for up to $10.7 million for around a 25% stake.
Helion, Bessemer bet on NetAmbit
India-focused venture fund Helion Venture Partners has announced it will inject INR400 million ($8.6 million) into financial products distributor NetAmbit, a market leader in the space on the sub-continent.
Adams Street Nicum hire may mean India tilt
Adams Street Partners has hired former Coller Capital principal Pinal Nicum as a Partner with its London-based secondary team.
Axis spinout may set trend in India
Parent bank to remain anchor LP
Daniel joins Accel in India
Anand Daniel, previously a senior associate with Boston-headquartered early stage VC Flybridge Capital Partners, has joined Accel Partners as a principal in the firm's Bangalore office.
Quadrangle has Asian debut with Indian towers
Point role on $300 million deal
Mahindra loads up PE arm
Mahindra Partners, the new private equity arm of Indian conglomerate the Mahindra Group, has gathered non-core group assets with a combined turnover of $500 million under its umbrella, including Mahindra Logistics, Mahindra Ocean Blue Marine and Mahindra...
Istithmar exits SpiceJet at loss
Dubai investment group Istithmar has sold all of its 13.4% stake in Indian budget carrier SpiceJet, reportedly at a loss of $7.2 million on the final sale price of $37 million.
LMS cites Asia interest
London-listed growth capital and low-to-mid-cap buyout investor LMS Capital has expressed interest in deals in China and India.
Red Fort makes second investment in India's 3C
Red Fort Capital, an India-focused private equity firm, has invested an undisclosed sum in a residential project being developed in Noida, in the northern state of Uttar Pradesh, by real estate firm 3C Company.
India's Ascent beats odds, raises $350 million
Ascent Capital Advisors India Pvt. Ltd. has announced the close of its Ascent India Fund III, garnering $350 million in commitments, amid rumors that the fund was in fact oversubscribed.
Citigroup sells Indian MCX commodities stake to Ashmore
Citigroup is reportedly fetching $40 million by selling its 5% stake in the Mumbai-based Multi Commodity Exchange of India Ltd (MCX), India's largest and most diverse commodities exchange, to Ashmore Group, the London-headquartered private equity firm.
TPG hires Kapur for India consumers
TPG Capital has announced the hire of Gunender Kapur, previously President and CEO of the foods division of Reliance Retail, as a senior advisor on the Indian retail and consumer space.
Kaizen defines Indian education investment model
Firm to create and embrace opportunities across expanding sector
Actis may exit troubled Nilgiri stake
Emerging markets specialist Actis may reportedly be about to exit its troubled 65% stake in India’s Nilgiri Dairy Farm group after reaching litigation with the company’s founding Mudaliar family, who still hold a 35% stake in the business.
IDG India invests iCreate
IDG Ventures India has made a $3.23 million Series A round VC investment in iCreate Software, a Bangalore business intelligence software company.