IL&FS Investment Managers
India webinar: Relighting the fire
Investor sentiment toward Indian private equity has weakened considerably over the last year. AVCJ, supported by KPMG, hosted a webinar in December at which industry leaders assessed the various challenges
Power play: India’s power sector
Private equity investors are less bullish on India’s power sector in the light of widespread negative investor sentiment, but lower valuations and long-term fundamentals still offer attractive entry points
PE & PR: A good citizen
Private equity globally is under more scrutiny from more directions than ever before, placing a higher value on good branding and reputation. Does the asset class also suffer from the same profile problem in Asia?
Axis CEO Arun Korati to join IL&FS – report
Arun Korati, managing director and CEO of Axis Private Equity, is reportedly stepping down to join IL&FS Investment Managers (IIML), the private equity arm of Infrastructure Leasing & Financial Services (IL&FS).
AMP Capital makes clean energy investment in India
The AMP Capital Asian Giants Infrastructure Fund (AGIF) has bought a minority stake in Indian clean energy company Shalivahana Green Energy (SGEL) for almost $29 million.
Indian infrastructure funds face rocky road ahead
Private equity has been one of the engines for India’s infrastructure growth, but delays in project approvals, inexperienced GPs and the tough fundraising environment remain hurdles to overcome
Indian realty valuations to take a hit
The time is ripe for an exit for private equity funds focused on Indian real estate. But can investors keep up the pace without affecting returns?
IL&FS Private Equity buys IL&FS Energy stake for $44m
IL&FS Private Equity, has invested INR2.3bn ($44 million) for a stake in Indian power generation firm IL&FS Energy Development. The two parties have the same parent company.
India fundraising: Survival of the fittest
India has seen plenty of private equity spinouts but an increasingly difficult fundraising environment is expected to separate the men from the boys
Asian infrastructure: Building blocks
There is no denying the potential for infrastructure investment in Asia. Although the policies and structures governing private equity involvement are improving, it remains difficult terrain.
Telecom firms struggle to offload towers
India’s cellular towers are crucial in supporting its burgeoning mobile market, but when it comes to selling these assets, operators find that less may be more
IL&FS exits auto services JV to Orix Corp
Infrastructure Leasing and Financial Services (IL&FS) has exited its 50% stake in Orix Auto Infrastructure Services to Japanese conglomerate Orix Corporation, its partner in the joint venture, DealCurry reported.
India’s alternative lenders
Non-banking finance companies are becoming increasingly significant in India’s financial sector. Foreign private equity firms are keen to get involved, but how does this fit into their wider strategies?
IL&FS looks to raise $900m across three funds
IL&FS Investment Managers (IIML) is looking to raise up to $900 million across three funds, but the fundraising process is expected to take longer than usual as a result of tighter risk assessment among investors globally.
IL&FS appoints banks for RMB bond issuance
Indian infrastructure investor IL&FS has selected Deutsche Bank, RBS and UBS to handle its renminbi-denominated “dim sum” bond issue in Hong Kong. The private equity firm aims to raise the equivalent of $200 million, Reuters reported.
Women in private equity: Minority report
Private equity is a man’s world, in Asia and everywhere else. What can women on the inside do to bring about change?
IL&FS invests $22.5m in Jyothy Fabricare
IL&FS Investment Managers has invested INR1 billion ($22.5 million) in Jyothy Fabricare Services (JFS), a washing and dry cleaning manager that services both retail and institutional clients.
Warburg Pincus extends stake in Continental Warehousing
Warburg Pincus has made its second investment in Indian warehouse manager Continental Warehousing (Nhava Seva) in as many months, purchasing an unspecified stake from Aureos Capital.
IL&FS makes another Indian warehouse investment
IL&FS Investment Managers has committed INR400 million ($8.9 million) to agri-warehousing firm JICS Logistic, its fourth investment in India’s logistics and warehousing space in five years.
IL&FS targets $300m for fourth India fund
IL&FS Investment Managers, the private equity arm of Infrastructure Leasing & Financial Services, has set a target of $300 million for its Tara India Fund IV. The fund will target growth capital investments primarily in the manufacturing, retail and logistics...
Milestone Religare appoints new managing partners
Srinivas Baratam and Anant Kulkarni have been appointed joint managing partners at Milestone Religare Investment Advisors.
TPG’s Shriram Transport stake said to attract interest from Orix
Japanese financial services group Orix Corp. is the latest player to have reportedly set its sites on TPG’s share in Shriram Transport Finance Co. (STFC), touted as India’s largest commercial vehicle lender, in a sale that could bring in more than...
Shapoorji Pallonji to launch first PE fund
Indian conglomerate Shapoorji Pallonji Group has is reportedly nearing the launch of a $500 million private equity fund that will focus on the domestic real estate sector, with a first close expected to be announced eminently.
IL&FS fully exits warehouse operator to Warburg Pincus
The Leverage India Fund (LIF), a private equity fund managed by IL&FS Investment Managers Limited with $153.5 million under management, has exited its five-year asset Continental Warehousing Corporation (Nhava Seva) Limited via a trade sale to Warburg...