ICICI Venture Funds Management Company
“Big boys” battle it out in India
The mid-cap space is what makes Indian PE tick - even for larger firms
ICICI Investment Management makes first close for Emerging India Fund at $50 million
ICICI Investment Management has raised $50 million for the first close of its Emerging India Fund, its mid-market, growth capital-focused vehicle with a $100 million corpus.
ICICI, PE-backed Arch Pharmalabs gets $14.3 million from Mitsui
Japanese trading firm Mitsui has taken a 5% stake in PE-backed Indian pharmaceutical producer Arch Pharmalabs for some INR65 crore ($14.3 million), coming ahead of Arch’s planned IPO early next year.
ICICI hospitality asset Delta Corp. raises $62.6 million
ICICI Ventures-backed hotel and casino owner Delta Corp. is looking to raise INR285.5 crore ($62.6 million) via the sale of convertible warrants to a group of unidentified buyers.
GIC hires RREEF Director to head up India realty team
The Government of Singapore Investment Corporation (GIC) has appointed Kishore Gotety, former executive at RREEF Alternative Investments, a division of Deutsche Bank, as Country Head for India real estate.
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.
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.
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...
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...
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.
ICICI may exit I-Ven Pharma to Dr. Reddy's Labs
ICICI Venture is reportedly considering selling its 100% stake in I-Ven Pharma Capital Ltd. to its partner Dr. Reddy's Labs (DRL), which would be the latest in a string of exits by the Indian private equity firm.
ICICI exits Metropolis Healthcare after Warburg Pincus investment
ICICI Venture is to fully divest from India’s Metropolis Healthcare Ltd., following Warburg Pincus’s move to inject $85 million into the laboratories chain.
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.
Tiwari quits JPM for Multiples
Dinesh Tiwari, formerly Executive Director with JPMorgan Chase in India, has quit the bank to be an investment director for Multiples Alternate Asset Management, the private equity firm created by former ICICI Venture lead Renukah Ramnath, according to...
Warburg Pincus may join ICICI Metropolis bidding
Warburg Pincus has become the latest private equity firm to join the bidding for the 20% stake in Metropolis Healthcare held by ICICI Venture, which has also attracted interest from Apax Partners and TA Associates.
Sequoia plans $54 million Star Health commitment
Sequoia Capital is close to agreeing a $54 million commitment to Star Health and Allied Insurance Co. Ltd., a Chennai-headquartered insurance company also invested by ICICI Venture recently for around $25.7 million.
ICICI Venture launches two funds in infrastructure and property
ICICI Venture, the Mumbai-based private equity arm of ICICI Bank, will launch its maiden infrastructure fund over the next few weeks.
ICICI Venture sees fresh senior exits
ICICI Venture is seeing more departures by key senior personnel, with reports that Jayanta Banerjee, a president in its private equity practice, resigned earlier this week together with directors Anand Vyas and Sunay Mathure, to start their own private...
Goldman recruits Chatterjee from ICICI for India
Goldman Sachs is recruiting a new India co-CEO with the hire of Sonjoy Chatterjee, hitherto a board member at ICICI Bank.
Ramnath gets Multiples first close at $250 million
Multiples Alternate Asset Management, the private equity vehicle launched by former ICICI Venture MD and CEO Renuka Ramnath, has had a first closing at $250 million, against a $450 million target.
Apax may pick up ICICI Metropolis stake
London-headquartered private equity group Apax Partners is emerging as the probable buyer of the 25% stake in India's Metropolis Healthcare held by ICICI Venture, for a probable deal value of around $45 million.
ICICI, Carlyle, Sequoia invest India's Star Health
A consortium including ICICI Venture, the Carlyle Group, and Sequoia Capital India is completing the first private equity deal in India's health insurance space, with a $100 million investment in Star Health and Allied Insurance Co. Ltd.
ICICI Venture exiting Metro Healthcare
ICICI Venture is in the process of exiting its 2006-vintage investment medical diagnostics lab group Metropolis Healthcare, but has yet to fix on a preferred buyer for its 25% stake, according to reports.
Ramnath attracts CPP IB
Leading North American LP the Canada Pension Plan Investment Board has reportedly decided to commit $100 million to the new private equity firm, Multiple Alternate Asset Management, launched by former ICICI Venture MD and CEO Renukah Ramnath.