True North
Indian agtech: Technology harvest
Indian investors are excited about a growing wave of agricultural technology start-ups focused on solving practical problems faced by farmers, but achieving scale with a limited scope will be a challenge
Illinois Municipal re-ups in India’s True North
Illinois Municipal Retirement Fund has re-upped in the sixth fund from Indian private equity firm True North with a $10 million commitment.
Deal focus: Patience pays off for True North
True North realizes a two-year goal with the acquisition of a controlling stake in Indian health insurance provider Max Bupa
India's True North acquires Max Bupa for $72m
True North has acquired a 51% stake in Max Bupa Health Insurance, a joint venture between multinational insurance giant Bupa Group and Indian conglomerate Max India, for INR5.1 billion ($72 million).
The crystal ball: Predictions for 2019
Industry participants share their outlooks on some of the biggest economic drivers of the day, including fast-growing sectors and shifting deal making factors across Asia’s varied markets
True North backs Zydus' acquisition of Heinz India
True North has invested INR10 billion ($140 million) in Indian health products manufacturer Zydus Wellness to support its acquisition of Heinz India.
True North acquires India hair care business
Indian private equity firm True North has acquired a controlling stake in Sesa Oil, a domestic producer of hair and beauty care products.
True North's Nirula joins Carlyle Asia PE team
Vikram Nirula, a co-founder of Indian PE firm True North, has joined The Carlyle Group as a managing director responsible for private equity. He will be based in Mumbai and advise on Carlyle’s investment activities in India.
True North to acquire orthopedics division of India’s Glenmark
True North has agreed to acquire the Indian orthopedics and pain management business of drug maker Glenmark Pharmaceuticals at a valuation of INR6.4 billion ($91.8 million).
Tech investment case study: True North and Seedworks
True North aimed to set Indian seed maker Seedworks apart from its competitors by leveraging digital technology. Two years into its investment the private equity firm is seeing its initiatives pay off
India healthcare: The growth infusion
Indian hospitals are increasingly attractive for private equity investors. GPs can thrive in the space with a well-defined growth strategy that takes local market requirements into account
India's True North to buy stake in Federal Bank NBFC
True North has agreed to buy a 26% stake in Fedbank Financial Services (Fedfina), a non-banking financial company (NBFC) controlled by India’s Federal Bank.
India's PE-backed Atria files for IPO
Indian broadband service provider Atria Convergence Technologies has filed for an IPO that will provide partial exits for its PE backers TA Associates and True North.
ADB commits $50m to True North's India fund
The Asian Development Bank (ADB) has agreed to invest up to $50 million in the sixth fund of Indian private equity firm True North, formerly known as India Value Fund Advisors (IVFA).
True North sets $1.1b hard cap for sixth India fund
Indian private equity firm True North – formerly known as India Value Fund Advisors (IVFA) – has set a hard cap of $1.1 billion for its sixth fund, according to sources familiar with the situation.
True North, IDG in $77m round for India's Policybazaar
Indian online financial services portal Policybazaar has raised INR5 billion ($77 million) from a group of investors led by True North, IDG Venture Partners, and US-based Wellington Management.
India's Tata Capital names True North partner as CEO
Rajiv Sabharwal (pictured), a partner at Indian PE firm True North, has been named CEO of Tata Capital, the financial services and private equity subsidiary of Indian conglomerate Tata Group.
India's PE-backed Aster DM refiles for IPO
Indian hospital chain Aster DM Healthcare has refiled for an IPO in which its PE backer Olympus Capital Asia will make a partial exit.
India's goods and services tax: A fair fight
While India’s new goods and services tax regime has caused temporary dislocation, private equity players are confident that their portfolio companies are set for long-term success
India demonetization: After the storm
In the aftermath of India’s demonetization policy, the direst predictions have failed to materialize. But the experience has also shown how little power PE firms have in some situations
True North-led group to buy Religare Health Insurance for $162m
A consortium led by True North Managers will buy a majority stake in India’s Religare Health Insurance (RHI) for INR10.4 billion ($162 million).
Deal focus: True North keeps healthcare ball rolling
Having turned down Kerala Institute of Medical Sciences once due to potential conflicts of interest, True North moved quickly to deploy $200 million when presented with a second opportunity to invest in the hospital chain
True North invests $200m in India hospital chain
Indian private equity firm True North - formerly known as India Value Fund Advisors (IVFA) - has invested $200 million in domestic hospital chain Kerala Institute of Medical Sciences (KIMS).
Q&A: True North’s Vishal Nevatia
India Value Fund Advisors (IVFA) recently changed its name to True North and restructured its investment team along sector lines. Vishal Nevatia, the firm’s managing partner, explains why