Page 6 - Latest Updates on Private Equity
Private equity inflow in real estate plunges 95% to $45 mn in Jan-Mar
PE investment stood at USD 1 billion in the year-ago period
 "Private equity inflow in real estate plunges 95% to $45 mn in Jan-Mar")
March-quarter PE investments fall 75% in sixth straight three-monthly dip
This is the lowest start to a year by value for PE investments in India since 2018 ($1.7 billion)
 "March-quarter PE investments fall 75% in sixth straight three-monthly dip")
PE investments in India decline over 75% in Q1 of CY23, lowest since 2018
It is the sixth straight quarter of decline as global macroeconomic and geopolitical headwinds drive caution in investment activity, says analyst
 "PE investments in India decline over 75% in Q1 of CY23, lowest since 2018")
Fasten your seat belts: The switch to Fintech 2.0 has just begun
A shakeout among fintech firms is very likely, as the stress on governance and compliance is set to go up many notches
 "Fasten your seat belts: The switch to Fintech 2.0 has just begun")
Biden to urge 25% billionaire tax, levies on rich investors & corporations
Biden's budget request to Congress, which is slated to be released Thursday, calls for a 25% minimum tax on billionaires, according to a White House official familiar with the proposal
 "Biden to urge 25% billionaire tax, levies on rich investors & corporations")
IFSC & Search Funds: India's Journey To A $50 Trillion Economy By 2050
By AltG Research on behalf of Taponeel Mukherjee & Poornima Vardhan
 "IFSC & Search Funds: India's Journey To A $50 Trillion Economy By 2050")
Investors eyeing asset sale of GoMechanic; decision likely in a week
The firm reportedly did not maintain inventory records for receipts and issuance of goods directly received by the customers
 "Investors eyeing asset sale of GoMechanic; decision likely in a week")
Edtech startup NxtWave raises $33 mn, Greater Pacific Capital leads round
Nandan Desai, MD and Co-Head of India for GPC, to join NxtWave Board as part of deal; Existing investor Orios Venture Partners also invests in round
The King's Roll-Up Gambit: Creating Billions Of Dollars of Private Equity Returns in India
By AltG Research on behalf of Taponeel Mukherjee & Poornima Vardhan
 "The King's Roll-Up Gambit: Creating Billions Of Dollars of Private Equity Returns in India")
Top VC firms reduce investments in India amid macroeconomic uncertainty
With late-stage funding rounds becoming tougher, they are focusing more on due diligence, profitability path, governance and early entry into companies at lower valuations
 "Top VC firms reduce investments in India amid macroeconomic uncertainty")
Barings PE may sell some stake in Coforge for up to Rs 2,600 cr: sources
The private equity firm has hired IIFL to seek investor interest in the deal and has offered up to 7% discount to the Friday closing market price of Rs 4,348 a share
 "Barings PE may sell some stake in Coforge for up to Rs 2,600 cr: sources")
Polaris Smart Metering raises $100 mn in funding from I Squared Capital
Funds raised will primarily be used to acquire, execute and finance large smart metering contracts across India
 "Polaris Smart Metering raises $100 mn in funding from I Squared Capital")
Apax Partner plans to sell Shriram Capital stake to raise Rs 2,250 crore
The transaction would be worth Rs 2,250 crore taking into account the stock movement today
 "Apax Partner plans to sell Shriram Capital stake to raise Rs 2,250 crore")
PE inflows plunge 42% to $23.3 bn in 2022, lowest since 2019: Report
PE investments into domestic companies fell sharply YoY by 42 per cent to USD 23.3 billion in 2022, which is the lowest since 2019, when it was USD 15.8 billion, according to an industry report
 "PE inflows plunge 42% to $23.3 bn in 2022, lowest since 2019: Report")
PE investment up 58% in NCR realty in first 3 quarters of FY23: Study
PE funding in Indian real estate up 3% annually, demand for commercial and residential properties continues: ANAROCK Capital
 "PE investment up 58% in NCR realty in first 3 quarters of FY23: Study")
Advent International to acquire 50.1% stake in Suven Pharma, explore merger
As of last close, Suven had a market capitalization of 126 billion Indian rupees
 "Advent International to acquire 50.1% stake in Suven Pharma, explore merger")
India-focused funds sitting on highest-ever unallocated corpus of $12.9 bn
But does this mean that 2023 could be different, given the unutilised capital?
 "India-focused funds sitting on highest-ever unallocated corpus of $12.9 bn")
Data science firm Tredence raises $175 mn in funding for expanding business
San Jose-based company to use financing for strengthening verticals and get more customers
 "Data science firm Tredence raises $175 mn in funding for expanding business")
PE investment in real estate down 17%, inflow up in warehousing sector
According to the report, the investment volume in warehousing stood at $1.9 bn in 2022, from $1.3 bn in 2021, up 45% YoY
 "PE investment in real estate down 17%, inflow up in warehousing sector")
Poonawalla Fincorp to sell housing finance unit to TPG for Rs 3,900 cr
PFL to explore inorganic investments for business growth
 "Poonawalla Fincorp to sell housing finance unit to TPG for Rs 3,900 cr")
