IDFC Private Equity
3i invests in Indian construction major
UK-headquartered private equity firm 3i will invest INR500 crore ($115 million) into KMC Constructions, a build-operate-transfer (BOT) construction firm based in Hyderabad that focuses on India’s road projects.
IDFC no longer a fund of funds
IDFC has pulled out of the private equity fund of funds business, which it entered in September 2009 under IDFC Capital. The Singapore-based FoF venture, which was headed by former ADB private equity head, Veronica John, reportedly failed to raise any...
India private equity: taking up the challenge
Navigating promoters, public markets and PIPEs
India’s all-inclusive infrastructure rollout
Huge infrastructure development schemes have been underway across most of Asia’s developing economies for some years now, especially in India and China.
Mandhana appointed as IDFC PE Managing Partner
IDFC has announced the appointment of Satish Mandhana, formerly Managing Director with IDFC Private Equity, as Managing Partner and head of the firm, succeeding Luis Miranda, who will now step down to be non-executive chairman of IDFC PE.
IDFC may trade stake in SE Forge for shares in parent Suzlon Energy
IDFC Private Equity has submitted a proposal that, if approved, would allow it to exchange its 17.1% stake in Suzlon Energy’s subsidiary SE Forge Ltd. for 31.99 million shares in Suzlon Energy in a no-cash transaction.
Private equity-backed Gujarat Pipavav Port makes strong debut onto Indian stock exchange
Gujarat Pipavav Port Ltd., a container terminal backed by PE firms including IDFC, made a strong debut on India's National Stock Exchange, trading at a 22% premium at INR56.1 ($1.21) from its INR46 ($.99) issue price.
Back to School
Investment into Asia Pacific's education sector, at a glance, appears to be a promising play. Key emerging markets’ GDPs are on the rise, as are levels of disposable household income and consequently a willingness to invest in education. Many of these...
India: What to build and where to build it
Fact vs fiction in infrastructure opportunities
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...
IDFC collects from Khazanah, Actis
Indian infrastructure finance leader Infrastructure Development Finance Co. (IDFC) is to raise INR840 crore ($179 million) through an institutional placement of convertible preference shares to current investor Malaysian SWF Khazanah Nasional and UK private...
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...
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.
Argonaut, Ascent join IDFC for $100 million GMR investment
Argonaut Private Equity and Ascent Capital have joined IDFC in the latest investment round for GMR Energy, the energy division of Indian conglomerate GMR Group, to invest a total of INR465 crore ($100 million).
Miranda to step down as IDFC PE CEO
Luis Miranda, incumbent president and 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, according to a statement from parent group IDFC.
Infrastructure Q&A: Luis Miranda
Luis Miranda, President and CEO of IDFC Private Equity, talks about the Indian infrastructure opportunity, and international interest.
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...
Industry Q&A: Luis Miranda
During the 2009 AVCJ India Forum, Christina Kautzky spoke with Luis Miranda, President & CEO of IDFC Private Equity, about opportunities in infrastructure and the role of the government in making the space more commercially viable for the private sector.