Page 15 - Latest Updates on Private Equity
Covid-19 impact: IPO slump stonewalls private equity exits in H1 2020
Public market sales accounted for 80 per cent of the exit value in H1 2020, mainly due to SBI Cards' $1.4 billion IPO
 "Covid-19 impact: IPO slump stonewalls private equity exits in H1 2020")
Inflows into Jio limit fall in H1 PE/VC investments to 10% at $18.3 bn
In terms of deal type, buyouts were the most affected with only 14 transactions worth $794 million compared to 27 worth $6.2 billion in the year-ago period
 "Inflows into Jio limit fall in H1 PE/VC investments to 10% at $18.3 bn")
PE/VC investments decline 10% y-o-y in first half of 2020: Report
Deals worth $9.6 billion in Jio Platforms accounted for 52 per cent of all PE/VC investments in this period
PE-VC investors see decline in fundraising activity, says Crisil Survey
The survey was conducted between May and June this year and the credit rating firm received responses from 26 independent funds and respondents
 "PE-VC investors see decline in fundraising activity, says Crisil Survey")
PE investments drop 65% to $1.45 billion in June quarter: Refinitiv data
Q2 also saw a decline of 9 per cent in the number of deals to 161
 "PE investments drop 65% to $1.45 billion in June quarter: Refinitiv data")
PE-VC fundraising plunges 94% in Q1: outlook for second half remains bleak
Fund raising in the June quarter dipped to $171 million, a 94 per cent decline over $2.75 billion raised last year
 "PE-VC fundraising plunges 94% in Q1: outlook for second half remains bleak")
Deal making is sometime away: Equirus Capital Founder & MD Ajay Garg
'PEs' interest in NBFCs will depend on book value determination. Until that process gets over, you will be circling around,' he said
 "Deal making is sometime away: Equirus Capital Founder & MD Ajay Garg")
RBI refuses a dozen licences to NBFCs with investments from Mauritius
PE, VC funds domiciled in the island nation on the radar
 "RBI refuses a dozen licences to NBFCs with investments from Mauritius")
At $45 bn, India's PE/VC investment in 2019 highest in over 10 yrs: Report
India's share in the Asia-Pacific deal market increased to nearly 25 per cent in 2019 and the investment value was about 70 per cent higher than in 2018
 "At $45 bn, India's PE/VC investment in 2019 highest in over 10 yrs: Report")
Pension funds, PE may invest in renewable projects, roads after lockdown
Even as the lockdown has affected mergers and acquisitions (M&A) in various businesses, companies and deal consultants are certain that renewable power assets would be the first on the sale table.
 "Pension funds, PE may invest in renewable projects, roads after lockdown")
India may see renewable, roads mega sale once the lockdown is lifted
Renewable projects have been unable to find buyers and large scale investors lately
 "India may see renewable, roads mega sale once the lockdown is lifted")
Private equity players see new business opportunities in post-Covid world
Currently, the PE exposure in credit is limited and constitutes less than a 2 per cent share of the overall credit offered to industry.
 "Private equity players see new business opportunities in post-Covid world")
Promoter, PE stake may go up in private banks; IndusInd, HDFC Bank to gain
Lenders are staring at unexpected asset quality losses due to the slowdown in economic activity after the countrywide lockdown.
 "Promoter, PE stake may go up in private banks; IndusInd, HDFC Bank to gain")
PE sum invested in Q1 dips 39% to $3.6 bn; internet firms remain favourites
Internet companies continued to attract the maximum PE interest while financial services saw a decline by almost 50 per cent
 "PE sum invested in Q1 dips 39% to $3.6 bn; internet firms remain favourites")
Asian Development Bank to invest $100 million in NIIF's fund of funds
With ADB's investment into the NIIF platform, the FoF has now secured $700 million in commitments
 "Asian Development Bank to invest $100 million in NIIF's fund of funds")
Buyback proposals to bump up Street sentiment around the stock: Experts
Earlier in the week, Emami and Sterlite Technologies also disclosed their intention to buyback shares
 "Buyback proposals to bump up Street sentiment around the stock: Experts")
PE/VC investments hit 24-month low of $1.7 bn, value falls by 39%
Uncertainty over the impact of Covid-19 is expected to act as a significant headwind to Indian PE/VC investments
 "PE/VC investments hit 24-month low of $1.7 bn, value falls by 39%")
True North scouts for acquisitions in orthopaedics and gynaecology space
Now, True North is focussed on growing Integrace by buying other products, divisions or smaller companies. Integrace is clocking a 12-15 per cent growth
 "True North scouts for acquisitions in orthopaedics and gynaecology space")
PE firm Warburg Pincus planning to invest $150 mn in Apollo Tyres
The Board of Directors of Apollo Tyres Ltd approved the issuance of compulsorily convertible preference shares in the company
 "PE firm Warburg Pincus planning to invest $150 mn in Apollo Tyres")
PE/VC deals up by 34% to $2.5 bn in Jan on increased credit investments
After a record-setting 2019, PE/VC investments in 2020 are off to a good start, said Vivek Soni
 "PE/VC deals up by 34% to $2.5 bn in Jan on increased credit investments")
