India
I Squared Capital to buy India toll road from Malaysia's IJM
I Squared Capital, a PE firm set up by former executives of Morgan Stanley’s infrastructure investment unit, has agreed to buy a toll road in northwestern India from Malaysia-based IJM Corp.
Carlyle buys into India's Newgen for a second time
The Carlyle Group has acquired a 54.85% stake in India-based publishing and technical services provider Newgen KnowledgeWorks for $32.8 million via a secondary transaction. This is the second time it has invested in the company.
PE investors to part exit as India's Sadbhav Infra files for IPO
Sadbhav Infrastructure Project (SIP), an Indian road and highways project developer, is looking to raise at least INR6 billion ($97 million) through an IPO, providing a partial exit for PE backers Xander and Norwest Venture Partners.
Sequoia, Nexus invest $3m in India food-ordering start-up
Indian food-ordering start-up TinyOwl Technology has raised $3 million from Sequoia Capital and Nexus Venture Partners in Series A round of funding.
Rabo reaches $80m initial close on India agribusiness fund
Agribusiness-focused Indian GP Rabo Equity Advisors has raised $80 million for its second fund - India Agri Business Fund II - and expects to reach the $100 million mark in the next few months.
India Angel Network opens Mumbai incubator space
India Angel Network (IAN) has opened a new co-working space in Mumbai to house a tech-focused start-up incubator program.
LPs to Indian GPs: Be disciplined, not opportunistic - AVCJ Forum
Indian GPs should stick more to their investment strategies and focus on pricing discipline rather than chasing opportunistic plays, LPs told the AVCJ Forum.
India VCs see early-stage explosion - AVCJ Forum
India has seen an explosion in early-stage investment opportunities but sorting the wheat from the chaff is a challenge, venture capitalists told the AVCJ Forum.
India secondaries: Much heat, little light
India has yet to fulfil its potential as a direct secondaries market as buyers and sellers fail to agree on valuations. A revival in investor sentiment hasn’t helped matters, but patience may eventually pay off
Portfolio: Advent International and CARE Hospitals
A majority stake in CARE Hospitals has allowed Advent International into India’s fast-growing healthcare sector. Rather than blindly pursuing expansion, the PE firm is building a business tailored to local demand
India to remain a growth capital market, despite rise in buyouts - AVCJ Forum
Buyout deals are becoming more common in India but the country will continue to be a market for minority transactions, industry participants told the AVCJ India Forum.
WestBridge invests $16m in Indian housing finance company Aptus
WestBridge Capital Partners has invested INR980 million ($16 million) in India Aptus Value Housing Finance, an affordable housing finance company.
Canada's Fairfax Financial launches India investment unit
Fairfax Financial Holdings, which previously acquired Thomas Cook India through Fairbridge Capital, is launching a publicly-traded unit that will target investments in the country.
Nippon Life raises stake in India's Reliance Capital
Japanese insurer Nippon Life has agreed to increase its stake in India's Reliance Capital Asset Management and could end up owning 49% of the company.
PE-backed Manpasand Beverages files for India IPO
Manpasand Beverages, the PE-backed drinks maker behind Mango Sip, is looking to raise as much as INR4 billion (INR64.6 million) through an India IPO.
SSG buys stake in India distressed assets specialist
Asia special situations investor SSG Capital Partners has acquired a 49% stake in Asset Care & Reconstruction Enterprise (ACRE), which acquires distressed debts from Indian banks, for INR410 million ($6.6 million).
Q&A: Everstone Capital's Atul Kapur
Everstone Capital is currently raising its third fund, which will target India and Southeast Asia. Atul Kapur, the firm’s co-founder and managing partner, looks back on existing investments and offers insight into future ones
India early stage: Sowing seeds
India’s young demographic and growing mobile adoption is an opportunity waiting to be tapped for early-stage investors. Industry incumbents are making the most of it, but there is room for more
India fundraising: Moment of truth
With investor sentiment in India’s public markets on a roll, a host of mid-market private equity firms are either in fundraising mode or about to enter it. For some managers, at least, it will be a difficult process
India control deals: Are you buying it?
The India private equity buyout thesis is gathering momentum, with economic and generational factors swinging in the industry’s favor. GPs must convince LPs that they have the skills to execute this strategy
India exits: Cashing out
Exits have been the bane of Indian private equity, with many GPs struggling to monetize investments made before the global financial crisis. Optimism has returned to the country; so have exits. But will it last?
India PE: Reasons to be cheerful
Indian private equity is, gradually, regaining favor with institutional investors. Further proof of this came at our recently concluded AVCJ Forum in Hong Kong, widely regarded as a bellwether for the Asian private equity industry. The usually – as of...
News Corp invests in PE-backed India property platform
News Corp has paid $30 million for a 25% stake in the parent of PropTiger.com, an India-based online property marketing platform backed by SAIF Partners and Accel Partners.
SAIF India set for $350m final close on second fund
SAIF India has raised $350 million for its second fund since spinning out from SAIF Partners in 2011. The vehicle is oversubscribed and a final close is scheduled for early December.