IDFC Private Equity

AVCJ at 25: Luis Miranda of IDFC Private Equity

Luis Miranda became CEO of a fledgling IDFC Private Equity in 2002, raised India’s first infrastructure fund, and helped prove that the sector can make money. A flood of new capital arrived and the country is still adjusting to it

IDFC PE’s Parag Milk Foods seeks to double capacity

Parag Milk Foods, the Indian dairy company that received a INR1.55 billion ($28.7 million) investment from IDFC Private Equity in September, plans to double its capacity by expanding existing production plants and setting up new facilities. It currently...

IDFC PE seals India’s largest dairy investment

India's dairy sector is rich in opportunity. Currently worth $70 billion, it is growing at 10% a year and is expected to reach $150 billion by 2020. The country is now the world’s largest producer of dairy goods and accounts for close to 20% of global...

IDFC PE invests $28.7m in Indian dairy firm

IDFC Private Equity has invested INR1.55 billion ($28.7 million) in Parag Milk Foods in what could be one of the largest PE transactions in the Indian dairy sector. The proceeds will facilitate a partial exit to Motilal Oswal Private Equity, which invested...

Anubha Shrivastava leaves CDC

Anubha Shrivastava has left CDC, the UK government's development finance arm, where she served as managing director with responsibility for Asia investments.

PE-backed Manipal Global considers stake sale – report

Several PE firms and UK media conglomerate Pearson are reportedly considering a stake purchase in Manipal Global. The transaction would facilitate the exits of IDFC Private Equity and Capital International, which together hold more than 12% of the company.

Serasi’s Veronica John joins Mekong Capital

Veronica John, founder of Serasi Capital and formerly CEO of IDFC Capital, has joined Mekong Capital as a senior advisor. She is responsible for various aspects of the Vietnam-focused GP’s operations, including investments, fundraising and private equity...

MCap, IDFC invest $20m in ReGen Powertech

Subbu Subramaniam, who spun out from Baring Private Equity Partners India three years ago to form MCap Fund Advisors, has backed ReGen Powertech in his first pure private equity deal. MCap’s previous investments were PIPE deals for companies including...

India's TD Power gains 7% on trading debut

TD Power Systems - which counts Baring India Private Equity, IDFC, Sequoia Capital and Ironwood Investment among its anchor investors – saw its stock rise 7% on its trading debut in Bombay. This comes after the company raised INR2.27 billion ($49 million)...

Baring India, IDFC anchor TD Power Systems’ IPO

Baring India Private Equity and IDFC are two of five anchor investors that have together committed INR334 million ($7.2 million) to TD Power Systems ahead of its IPO. The company, which manufacturers AC generators, counts Ironwood Investment Holdings,...

Funds back India’s rising cleantech sector

IDFC Private Equity and International Finance Corp. (IFC), the World Bank’s investment arm, reaffirmed their commitment to India’s clean energy sector in two separate deals announced last week. The transactions come a few weeks after a UN Environment...

IDFC makes second mezzanine commitment to Caparo Energy

Infrastructure Development Finance Company (IDFC) has provided $33.5 million in mezzanine funding, subject to a four-year term, to Caparo Energy. This is IDFC's second mezzanine deal with the energy firm, following an earlier $78.5 million six-year commitment.

IDFC injects additional $18 m in Green Infra

IDFC Private Equity, a wholly-owned unit of India's Infrastructure Development Finance Company, will invest INR800 million ($18 million) in clean energy producer Green Infra. IDFC originally incubated the company in 2008 and has already invested INR3.6...