India
Carlyle to invest $40.9m in India clothing brand Mufti - report
The Carlyle Group is to invest INR2.5 billion ($40.9 million) in Credo Brands Marketing, the company behind Indian casual wear brand Mufit.
Apollo, ICICI eye $750m close on India distress fund - report
ICICI Venture Funds Management, the private equity unit India's ICICI Bank, and US PE firm Apollo Global Management are expected to reach a $750 million final close a joint fund set up to focus on distress opportunities in India.
Warburg Pincus, HDFC buy fresh shares in Capital First
Indian non-banking financial company (NBFC) Capital First is raising INR1.78 billion via preferential allotment of shares to existing investors Warburg Pincus and HDFC Standard Life Insurance.
LP interview: Munich Private Equity Partners
Munich Private Equity Partners set up its first overseas office in Shanghai to demonstrate a commitment to Asian managers, with China at the fore. It is now seeking out local champions
VCs keep the faith in Snapdeal
Saama Capital was one of a group of VCs that backed Indian online jewelry store Bluestone.com in early 2012. It is a vertical play in the country's e-commerce industry - targeting a particular market segment - and this might ordinarily have been a turn...
India due diligence: Smoke and mirrors
A number of accounting scandals involving India-based private equity portfolio companies has contributed to the erosion of investor confidence in the country. Due diligence processes are being tightened in response
Alvarez & Marsal promotes Utamsingh to India co-head
Global professional services firm Alvarez & Marsal (A&M) has named Vikram Utamsingh, managing director responsible for its India transactions advisory group, as country co-head.
India VC Nexus raises $110m top-up fund
Indian GP Nexus Venture Partners is raising a $110 million “opportunity fund” focusing on later-stage investments in existing portfolio companies. The vehicle is not open to new LPs and is scheduled to close in March.
Indian Angel Network in UK start-up SwiftShift
The Indian Angel Network (IAN) has committed an undisclosed sum in London-based workforce management tool SwiftShift. This is the group's first UK investment.
ASK Pravi takes minority stake in Indian kidswear brand
India mid-market private equity firm ASK Pravi Capital Advisors has invested INR500 million ($8 million) in children's clothing manufacturer Indian Clothing League.
Creador raises Somany Ceramics investment to $10m
South and Southeast Asia-focused mid-market GP Creador has increased its investment in Indian tile maker Somany Ceramics to $10 million via a secondary market transaction.
EBay leads $134m round for Indian online marketplace Snapdeal
Indian online marketplace Snapdeal has raised a new round of funding worth $133.8 million led by eBay. It comes less than a year after the US e-commerce giant led a $50 million Series C round for the company.
IFC commits $50m to India's Cholamandalam NBFC
International Finance Corporation (IFC), the investment arm of World Bank, is investing INR3.15 billion ($50.7 million) in non-banking finance company (NBFC) Cholamandalam Investment & Finance (CIF).
Samena picks up stake in Mahindra scooters business
Asia and Middle East-focused private equity firm Samena Capital has bought a 10.29% stake in Mahindra Two Wheelers, a scooter business controlled by Indian conglomerate Mahindra Group, from Kinetic Engineering.
PE investors trade in GMR Energy shares for infra exposure
A consortium of investors led by IDFC Alternatives and Temasek Holdings have agreed to restructure their investments in India's GMR Energy (GMRE) by purchasing INR11.4 billion ($183 million) in convertible preference shares in GMR Infrastructure (GMRI)....
IFC commits $25m to Olympus' Asia environment fund
International Finance Corporation (IFC), the investment arm of the World Bank, plans to invest $25 million in Olympus Capital Asia’s latest pan-regional environment fund. The vehicle has a target size of $300 million.
KKR's Kravis highlights India distress openings
KKR plans to capitalize on corporate indebtedness in India by investing in companies with distressed balance sheets that have difficulty raising capital through conventional channels, according to Henry Kravis, the private equity firm’s co-founder and...
IFC pumps $91m into Indian financial services providers
International finance Corporation (IFC), the investment arm of the World Bank, has committed around $91 million in three PE-backed non-banking financial companies (NBFCs) in India: Magma Fincorp, Bandhan Financial Services and Au Financiers.
CDC adds to ESG team
CDC Group, a UK development finance institution that focuses on investments in South Asia and Africa, has appointed Ritu Kumar as director for environmental and social responsibility.
IVF-backed ACT gets OCA Credit, Kilimanjaro debt solution
Atria Convergence Technologies (ACT), an Indian broadband and cable TV access provider backed by India Value Fund Advisors (IVFA), has received structured debt financing from Olympus Capital Asia Credit (OCA Credit) and Kilimanjaro Credit Fund.
Bamboo Finance, Saama Capital invest in India's Modern Family Doctor
Bamboo Finance, a European private equity firm that focuses on investments benefiting low-income communities in emerging markets, and early stage investor Saama Capital have together taken part in a Series B round of funding for Indian healthcare provider...
Mayfield closes second India fund at $108m
Early-stage investor Mayfield has reached a final close of $108 million its second India-focused venture fund.
India's IFCI to set up $32m social venture fund
Industrial Finance Corporation of India (IFCI), the country’s oldest development finance institution, has received a government mandate to set up a venture capital fund that will support economically disadvantaged groups.
India impact investments total $390m in 2013 - Unitus
Private equity impact investments in India totaled $390 million across 80 deals last year – comprising 23% of all PE transactions in the country - says Bangalore-based financial advisor Unitus Capital.