Multiples Alternative Asset Management
India's Multiples loses CFO Prakash Nene
Prakash Nene, the managing director and CFO of Indian PE firm Multiples Alternate Asset Management, has resigned from the firm citing personal reasons.
PE-backed IEX files for India IPO
Online energy trading platform India Energy Exchange (IEX) has filed for an IPO, providing a partial exit for several private equity backers.
Multiples acquires India's PeopleStrong
Indian private equity firm Multiples Alternative Asset Management has acquired a controlling stake in domestic human resource (HR) services and technology company PeopleStrong.
Warburg Pincus invests $120m in India's PVR
Warburg Pincus has invested INR8.2 billion ($120 million) for a 14% stake in Indian listed film and retail entertainment company PVR, providing a partial exit for Multiples Alternative Asset Management.
Multiples invests $110m in India's Arvind
Multiples Alternative Asset Management has agreed to invest INR7.4 billion ($110 million) in Arvind Fashions, the branded apparel distribution arm of listed Indian textile manufacturer Arvind.
Multiples raises $690m for second India fund
Multiples Alternative Asset Management has reached a final close of $690 million on its second India-focused fund, beating the target of $650 million.
IFC commits $41m to Multiples' latest India fund
India-based GP Multiples Alternate Asset Management has received a commitment of up to $40.6 million from the International Finance Corporation (IFC), the investment arm of the World Bank, for its latest fund.
FTIL sells remaining IEX stake to Multiples-backed Milltec
Financial Technologies (FTIL) has agreed to sell its remaining 5.46% stake in India Energy Exchange (IEX) to Milltec, a portfolio company of Multiples Alternative Asset Management, completing its exit from the company.
Multiples to up stake in India's PVR Cinemas
Multiples Alternative Asset Management has agreed to invest INR3.5 billion ($54.6 million) in Indian cinema chain PVR Cinema, raising its stake in the company to 19.6%.
India's Delhivery gets $85m Series D round
Tiger Global has led a Series D round for Indian e-commerce logistics service Delhivery that netted the company $85 million. Existing investors Multiples Alternative Asset Management, Nexus Venture Partners and Times Internet also participated.
Indian LPs: Commitment issues
Proposed reforms of investment guidelines for India’s pension system suggest that more domestic capital could flow into the asset class. But is the country’s wider LP community really warming up to PE?
Multiples makes partial exit from Cholamandalam Finance
Multiples Alternative Asset Management has made a INR1.9 billion partial exit from Indian non-banking financial company Cholamandalam Investment and Finance Company (CIF).
Profile: Multiples Alternative's Renuka Ramnath
Credited as one of the founders of Indian private equity, Renuka Ramnath built up ICICI Venture before going solo to repeat the act with Multiples Alternative Asset Management. She sees her work as far from over
India's Multiples set for $325m first close on Fund II
Indian mid-market GP Multiples will reach a $325 million first close on its second fund by end of this month, with a final close of $650 million slated for around September.
Multiples completes exit from South Indian Bank
India’s Multiples Alternate Asset Management has fully exited South Indian Bank (SIB), selling its remaining 3.67% stake for INR1.51 billion ($23.8 million).
Multiples makes partial exit from South Indian Bank
India's Multiples Alternate Asset Management has made a partial exit from locally-listed South Indian Bank (SIB), selling one fifth of its stake for around INR428 million ($8 million).
India’s Multiples targets $500m for Fund II
Multiples Alternate Asset Management, the private equity firm set up by Renuka Ramnath after departing ICICI Venture, is said to be targeting around $500 million for its second India-focused fund.
Multiples takes minority stake in India denim maker Arvind
Multiples Alternative Asset Management has taken around 3.8% stake in listed textile manufacturer Arvind for INR1.48 billion ($24 million), buying 9.95 million shares through bulk deals on the open market.
Multiples buys ICICI Venture's stake in Vikram Hospital
Multiples Alternate Asset Management has bought a 64% stake in Bangalore-based Vikram Hospital from ICICI Venture Funds Management, and also infused direct capital for debt repayment.
AVCJ at 25: Renuka Ramnath of Multiples Alternative Asset Management
Renuka Ramnath, founder and CEO of Multiples Alternative Asset Management, helped kick-start India VC as ICICI Venture grew from a small-scale backer of internet start-ups into the country’s leading private equity firm
Carlyle, Multiples back South Indian Bank
The Carlyle Group and Multiples Alternate Asset Management have participated in a qualified institutional placement (QIP) for South Indian Bank, which raised INR4.4 billion ($80 million) from eight investors.
Indian LPs: Emerging or defunct?
Having a larger domestic LP base in India could create a more sustainable fundraising environment for GPs, but few industry participants expect institutions to be let off the leash in the near term
Kedaara to pursue carve-outs from Indian conglomerates
Kedaara Capital, the private equity firm created by Manish Kejriwal and Sunish Sharma, formerly of Temasek India and General Atlantic India, respectively, will focus on investments in carve-outs and spin-offs of non-core assets from large corporations.
Former head of SBI Macquarie seeks $500m for India fund
Violet Arch Capital Advisors, a startup run by Varun Bajpai, former head of SBI Macquarie Infrastructure Fund, is looking to raise $500 million for its debut fund. The vehicle will be sector agnostic, targeting opportunities that are driven by India’s...