Global Hedge Fund DE Shaw is hiking its equity stake in regional media house Amar Ujala Publications, which publishes the newspaper Amar Ujala. Sources told VC Circle that DE Shaw, which had 18 percent stake each in Amar Ujala Publications and the group’s printing arm A&M Publications, will increase its exposure to 26 percent, the [...]
Greater Pacific Capital (GPC), a London-based private equity firm, has acquired 38 per cent stake in Ahmadabad-based outsourcing firm Azure Knowledge Corporation Pvt Ltd for $32.5 million. GPC will pick up 26.4 per cent stake for $11.8 million in the first phase of the deal. The stake has been picked up at a price of [...]
The Oman Investment Fund, an investment arm of the Sultanate of Oman, is picking up 18.7% in Quippo Telecom Infrastructure for Rs 480 crore ($113 million) which values the firm at Rs 2,556 crore ($603 million). Besides, some of existing investors in the holding company Quippo Infrastructure (which is into various infrastructure equipment rental businesses) [...]
US based Rusell Investments is another global real estate investment company looking to build up Indian exposure. The company has told Reuters that it sees growing markets in China and India withstanding a global downturn. Russell Investments is in the process of raising several funds for Asia, and will invest 8-12 funds funds [...]
The private equity division Swiss financial major Credit Suisse has invested $100 million (Rs 430 crore) in Hyderabad-based Indu Projects Ltd, an infrastructure and real estate company. A minority stake has been picked up in the company and not in any specific construction projects, reports Times of India. This is one of the few real [...]
WL Ross & Co., the New York-based private equity arm of Investment co which is run by financier Wilbur Ross, joined by Goldman Sachs, to invest up to $100 million in SpiceJet Ltd. Goldman Sachs will receive equity warrants in the company. While Ross would invest $80 million in two tranches, Goldman Sachs will release [...]
Vistaar Religare Film Fund has received approval from market regulator Securities and Exchange Board of India (SEBI) for its $50 million (Rs 200 crore) fund. The fund is a joint venture between Ranbaxy promoters led financial services business Religare Enterprises and Mumbai-based film production house Vistaar Entertainment Ventures. The fund is a five-year close-ended one [...]
Private Equity
ICICI Ventures Eyeing Stake In Kerala Institute of Medical Sciences – An ICICI Venture associate fund and a Singapore-based private equity (PE) player are in talks to invest $75 million in Kerala Institute of Medical Sciences (KIMS). The funds will be utilized for Indian and overseas expansion, reports Economic Times. The hospital is [...]
Private Equity
Capvent Readies $250-Million To Invest In First & Second Time Funds
Lighthouse Announces First Closing Of Rs 500-Crore India 2020 Fund
Promethean Becomes Elephant Capital; Burmans Take Charge
ADAG Forms Entity To Raise $1 Billion Private Equity Fund; Ramesh Venkat To Head It
Gaja Capital Raises Funds From Electra, Goldman Sachs
AMP Capital Announces $750-M Asian Infra Fund; To [...]
Finally, the Burmans’ entry into private equity is official. Promethean India, the PE firm listed on Alternative Investment Market (AIM), is being spun of as an independent unit, separate from Promethean UK. The new fund is being renamed as Elephant Capital Plc, while the investment manager to the fund will be renamed as Elephant Capital [...]
Capvent AG, the Zurich-headquartered fund of funds, has started investing in the country out of its second fund of $250 million exclusively set aside for India. Capvent’s Co-Founder and Managing Partner Varun Sood told VC Circle in an interview that the fund is looking at first and second time funds to invest their money. Capvent [...]
New York-based Apollo Management, which has assets in excess of $40 billion under management, is the next private equity biggie to open an India office. The firm has appointed Mintoo Bhandari to head the India operations, who was till now a partner at the UK unit of Apollo Management. He is currently in the process [...]
Bangalore-based Dynamatic Technologies Ltd is selling 11.1 per cent stake to private equity funds Fidelity Investments International, Amansa Capital Pte Ltd and New Vernon Capital for $17.75 million (Rs 75 crore). Dynamatic Technologies Limited produces engineering products for industries such as automation, aerospace, agricultural equipment and construction equipment. Dynamatic Technologies also claims to be Asia’s [...]
Australia-based AMP Capital Partners has announced a $750 million Asian Giants Infrastructure Fund (AGIF), which will invest in infrastructure projects predominantly in India and China. The fund will invest in sectors such as transport, power and energy, telecommunication, social, industrial and urban infrastructure. The fund has already made its first investment of $25 million [...]
Mergers & Acquisitions
Suzlon Eyes Stake In Shanthi Gears – Pune-based Suzlon Energy is in talks to pick up a stake between 50 to 100 per cent in Coimbatore-based Shanthi Gears through its subsidiary Hansen Transmissions International NV, reports Mint. The company has a market capitalisation of Rs 612 crore at a price of Rs 75. [...]
