Page 16 - Latest Updates on Private Equity
IIM-A placements: Participation of PE/VC, asset management firms up by 80%
In all, 153 firms participated with 182 different roles for the 2020 batch, with McKinsey & Co and BCG leading the pack with 27 and 23 offers, including PPOs
 "IIM-A placements: Participation of PE/VC, asset management firms up by 80%")
Private equity investments hit 10-year high in 2019, shows Refinitiv data
Thirty seven private equity firms raised $7.9 billion in 2019, up 47 per cent over the previous year
 "Private equity investments hit 10-year high in 2019, shows Refinitiv data")
Private equity investments surge to all-time high of $37 bn in 2019
The energy industry led by Brookfield's $1.9 Billion investment in Reliance Pipeline Infra also saw a growth in investments.
 "Private equity investments surge to all-time high of $37 bn in 2019")
PE/VC investment up by almost three times in November; driven by infra flow
PE/VC investments accounts 1.7-1.8% of GDP, almost at par with China and the global average
 "PE/VC investment up by almost three times in November; driven by infra flow")
With 72 deals worth $3.7 bn, PE investments register growth in Oct: Report
The rise in PE deal values was largely driven by the corporate tax rate cut, which has improved both investor sentiment and confidence
 "With 72 deals worth $3.7 bn, PE investments register growth in Oct: Report")
PE firm KKR looks to steady ship, focus on controlling debt structures
Didn't expect promoters to 'hollow out' firms, says India head Sanjay Nayar
 "PE firm KKR looks to steady ship, focus on controlling debt structures")
Brookfield now one of the biggest PE players in India, thanks to RIL deals
The PE fund's exposure is primarily focused on infra projects (where it invested $10 billion) and real estate (around $4 billion)
 "Brookfield now one of the biggest PE players in India, thanks to RIL deals")
Private equity firm Sanaka Capital to inject Rs 525 cr in Edelweiss Global
Sanaka will initially invest Rs 308 crore, and a further Rs 217 crore on a later date if talks are successful
 "Private equity firm Sanaka Capital to inject Rs 525 cr in Edelweiss Global")
YES Bank gets $3-bn offer from investors including PEs and domestic MFs
The bank is in dire need of capital to not only provide for bad assets but also for growth
 "YES Bank gets $3-bn offer from investors including PEs and domestic MFs")
Private equity investments in India at $12.7 billion in 2019: Refinitiv
The deal flow in 2019 has been good with each successive quarter being better than the preceding one
 "Private equity investments in India at $12.7 billion in 2019: Refinitiv")
Venture capital firm Jungle Ventures raises $240 million for third fund
Jungle is scouting for companies in India which have an opportunity to scale their business into Southeast Asia and globally
 "Venture capital firm Jungle Ventures raises $240 million for third fund")
Commercial deals rule as PE flows into realty rise 19% in Jan-Sept: Anarock
Commercial real estate received close to $3 billion funds in the first three quarters of 2019 as against $2.1 billion in the corresponding period of the previous year
 "Commercial deals rule as PE flows into realty rise 19% in Jan-Sept: Anarock")
PE majors TPG, Temasek planning investments in Indian API manufacturers
The investment interest comes as Indian drugmakers are focusing on specialty products, while relying extensively on Chinese imports for basic ingredients and other raw materials used in medicines
 "PE majors TPG, Temasek planning investments in Indian API manufacturers")
Hindustan Unilever emerges front-runner for Dinshaw's Dairy Foods
Negotiating all-cash deal at Rs 1,000 crore, which is two times its FY19 sales
 "Hindustan Unilever emerges front-runner for Dinshaw's Dairy Foods")
Aditya Birla Capital to raise Rs 2,100 crore from promoter, PE firms
US-based private equity firm Advent International will put in Rs 1,000 crore via its affiliate Jomei Investment Limited
 "Aditya Birla Capital to raise Rs 2,100 crore from promoter, PE firms")
Private equity-backed stocks do better in a volatile market
Interestingly, PE-backed companies which went public over the last 12 months have done better than those which got listed earlier
 "Private equity-backed stocks do better in a volatile market")
Private Equity funds ready war chest to help firms skip IBC route
PE funds are cashing in on the new emerging areas of business. However PE funds admit that handling conglomerates needs special expertise and acumen as they are complex deals
 "Private Equity funds ready war chest to help firms skip IBC route")
L Catterton hires Khazanah executive Chinta Bhagat to head Asian funds
Bhagat, who worked at Khazanah Nasional Berhad, the sovereign wealth fund of Malaysia, will jointly lead the firm's Asia platform along with co-managing partner Ravi Thakran
 "L Catterton hires Khazanah executive Chinta Bhagat to head Asian funds")
QIPs to lead fundraising activities: Edelweiss Securities' Gopal Agrawal
Four to five IPO launches are planned in the ongoing quarter. Performances of these IPOs after listing shall be a good indicator of the IPO appetite in the market
 "QIPs to lead fundraising activities: Edelweiss Securities' Gopal Agrawal")
V G Siddhartha's death: Wrong to project us as villains, say PE leaders
They say the notion that PE investors leverage bait-and-switch to lure promoters and entrepreneurs into lose-lose situations through debt products is misleading
 "V G Siddhartha's death: Wrong to project us as villains, say PE leaders")
