India Equity Partners
Sagar Ratna founder buys out India Equity Partners
Jayaram Banan, the founder of Indian restaurant chain Sagar Ratna, has bought out India Equity Partners’ (IEP) majority stake in the company.
PE-backed Manappuram acquires Jaypee Hotels NBFC
Manappuram Finance, a listed non-bank financial company (NBFC) backed by Baring Private Equity India and India Equity Partners (IEP) among others, is to acquire Milestone Home Finance Company - a unit of Jaypee Hotels - for an undisclosed amount.
General Atlantic, India Equity Partners seek action against Fourcee Infrastructure
General Atlantic (GA) and India Equity Partners (IEP) are pursuing legal action against their portfolio company Fourcee Infrastructure Equipments, accusing executives of “extensive forgery and willful deceit.”
IFC to provide $25m to General Atlantic-backed Fourcee
International Finance Corporation (IFC), the private investment arm of the World Bank, will provide a loan of $25 million to Fourcee Infrastructure Equipments, an Indian logistics firm backed by General Atlantic (GA) and India Equity Partners.
PE-backed Bharti Infratel set for IPO next month – report
Bharti Infratel, the Indian telecoms infrastructure subsidiary of Bharti Airtel, is expected to launch its $900 million IPO next month. The intended flotation – which has been mooted for more than a year – will be the country’s largest in two years...
Carlyle, Sequoia in talks to invest up to $50m in JSM - report
The Carlyle Group and Sequoia Capital are in separate talks to invest $40-50 million in JSM Corp, which operates the Indian franchises of Hard Rock Café and California Pizza Kitchen.
New Silk Route mulls Adiga’s deal
Growth capital firm New Silk Route Partners is in talks to buy a sizable stake in Adiga's, a chain of south Indian vegetarian restaurants and fast food joints.
JSM Corp seeks $30m in PE funding
JSM Corp., the Indian franchisee for Hard Rock Café, California Pizza Kitchen and Trader Vic’s, is hoping to raise INR1.2-1.5 billion ($24 million -$30 million) from private equity investors.
GA invests $125m in India’s Fourcee
General Atlantic (GA) is investing up to $125 million for a minority stake in Fourcee Infrastructure Equipment, a Mumbai-based logistics firm.
IEP acquires TNT’s Indian road business
India Equity Partners (IEP), through its logistics subsidiary, has acquired the Indian road operations division of Netherlands-based delivery services company TNT Express.
Mumbai metals trader seeks PE investment
Ushdev International, a Mumbai-based metals trader and wind farm operator, is seeking to raise $20-40 million from private equity investors. Managing Director Prateek Gupta said the company is in talks with a couple of PE firms about the possibility of...
Insecticides India seeks $15m in expansion capital
Insecticides India hopes to raise around INR700 million ($15.3 million) through a qualified institutional placement of shares of a private equity round of financing to support its expansion plans. Rajesh Aggarwal, the company’s managing director, said...
Beacon, Mirah Hospitality back Indian fine dining chain
Beacon India Private Equity has invested INR80 million ($1.7 million) in Impresario Entertainment and Hospitality, which operates fine dining restaurants Mocha and Smoke House Deli. The firm’s contribution comes alongside a INR400 million commitment...
Indian media group assumes control of BBC’s local magazine business
Bennet, Coleman & Co. (BCCL), owner of the Times of India, has bought out joint venture partner BBC Worldwide to take full control of Worldwide Media, an Indian magazine publisher. The sale is part of a wider effort by the commercial arm of the UK public...
India Equity Partners buys restaurant chain Sagar Ratna Hotels
India Equity Partners, a New York-based private equity fund, has purchased a majority stake in specialty restaurant chain Sagar Ratna Hotels for INR1.8 billion ($40.2 million). The capital will be used to refurbish its existing branches and aggressively...
India Innovation Fund makes second investment
India Innovation Fund (IIF) has closed its second investment, committing INR100 million to Bangalore-based digital media technology start-up Sure-Waves MediaTech. Accel Partners, another early stage investor, partnered IIF in the deal, The Economic Times...
US PE firm invests in Hyderabad real estate project
US private equity firm Monsoon Capital has paid nearly $16 million for a 50% stake in a five-star hotel and residential complex in Hyderabad’s IT district, Business Standard reported.
Indian affordable healthcare group secures $10m in venture funding
Singapore’s Aquarius India Fund and Seedfund have participated in a $10 million third round of funding for Vaatsalya Healthcare, which operates in semi-urban and rural India, Economic Times reported. Bangalore-based Vaatsalya will use the capital to...
New reliance fund to seek overseas LPs
Reliance Equity Advisors (India) is looking to start a $250-$300 million fund by the end of the year, relying on overseas investors for capital, the Wall Street Journal reports.
India's economic growth slows to 7.8%
India’s GDP growth has slowed for the fifth-consecutive quarter to 7.8%, missing its 8.2% target, due to factors including high interest rates and a dip in manufacturing. Economic growth came to 8.3% in the previous quarter.
Franklin Templeton PE fund invests in India’s SFO Technologies
Franklin Templeton Private Equity Strategy (FTPES) has invested IND67.5 crore ($14.9 million) in SFO Technologies, a leading Indian electronics manufacturer. FTPES is one of three private equity investors that have committed a combined IND166.5 crore...
Indian renewable energy fund appoints MD
Energy-focused PE fund Nereus Capital has named Rajesh C. Managing Director, charged with driving investments in new and existing target areas linked to renewable energy.
India’s VIA to take flight on $100 million fund raising
Bangalore-based travel services provider VIA moves even faster than its clientele, it would appear. Founded in 2006, the company boasts annual revenues of $500 million, and growth in the 60% p.a. range. And it has just announced it will raise up to $100...
L Capital to invest Indian retailer
L Capital Asia, the $500 million private equity fund sponsored by luxury product giant LVMH Group is in discussions to buy stake in India fashion and lifestyle goods retailer Genesis Colors Pvt Ltd, according to a report by the Indian Times.