Page 2 - Latest Updates on Private Equity
Tech drives India's M&A market in first half of 2024: Top 10 deals decoded
Majority of the deal making activity involving India targeted the High Technology sector which totaled $5.8 billion, a 13.2% increase in value from the comparative period last year.
 "Tech drives India's M&A market in first half of 2024: Top 10 deals decoded")
Realty PE investments touch record $1.7 bn, here are top deals of H1 2024
The quarterly data indicates that commercial office assets maintained their leading position, capturing approximately 51% of the total investment volume
 "Realty PE investments touch record $1.7 bn, here are top deals of H1 2024")
Private equity investments in Indian real estate touches 3-year high
PE investments jump by a whopping 154 per cent sequentially in April-June quarter
 "Private equity investments in Indian real estate touches 3-year high")
Sebi roll backs diktat on annulment of special rights to PE players
Special rights will now be cancelled at the time of listing instead of at the time of filing offer document
 "Sebi roll backs diktat on annulment of special rights to PE players")
Blackstone mops up Rs 6,736 crore from 15.1% stake sale in Mphasis
Continues to be the largest shareholder
 "Blackstone mops up Rs 6,736 crore from 15.1% stake sale in Mphasis")
Over $2 bn exodus: PEs, promoters swiftly reacted before poll verdict
Share sales hold breath for government clarity
 "Over $2 bn exodus: PEs, promoters swiftly reacted before poll verdict")
Fintech firm Fibe raises $90 mn in funding round led by TR Capital
Founded in 2015 by Akshay Mehrotra and Ashish Goyal, Fibe facilitates consumer finances like healthcare loans, edtech loans, insurance financing, and school fee financing, among others
 "Fintech firm Fibe raises $90 mn in funding round led by TR Capital")
PE funds partly behind the 62% drop in India's net FDI? Samir Arora's view
The ace fund manager was reacting on 'X' to a Business Standard story that quotes a Reserve Bank of India (RBI) data on gross FDI flows into the country in FY24
 "PE funds partly behind the 62% drop in India's net FDI? Samir Arora's view")
Investments by PE, VC funds decline 35% in April to $4.4 bn: Report
The number of deals in April stood at 98, which was 56 per cent higher than the year-ago period, the report by EY, a consultancy firm, and industry lobby grouping IVCA said
 "Investments by PE, VC funds decline 35% in April to $4.4 bn: Report")
Goswami Infratech gets nod to delay payment due this month: Report
The company has received sufficient creditor backing for a proposal to delay a bond payment, according to the people familiar who asked not to be identified
 "Goswami Infratech gets nod to delay payment due this month: Report")
Prosus, Dharana, Vy Capital to buy Urban Company's shares worth Rs 203 cr
Urban Company has announced its fifth Employee Stock Ownership Plan (ESOP) sale, with a total secondary transaction amount of about Rs 203 crore
 "Prosus, Dharana, Vy Capital to buy Urban Company's shares worth Rs 203 cr")
PE exits in India surge 355% in first quarter of 2024, hit 50 deals: report
The total exit value also witnessed a significant increase, reaching US$3.6 billion - a nearly five-fold jump from the previous year's corresponding quarter
 "PE exits in India surge 355% in first quarter of 2024, hit 50 deals: report")
Reporting fair value: Streamlined valuations to boost investors' confidence
The various accounting standards fail to earmark the methodology of valuation to be adopted under different circumstances, leaving the choice of valuation method at the discretion of the valuer
 "Reporting fair value: Streamlined valuations to boost investors' confidence")
$700 mn buyout deal shows new way of moving assets, holding equity in India
A relatively new portfolio management tool allows private equity managers to move assets around more easily, as a way to hold them for longer
 "$700 mn buyout deal shows new way of moving assets, holding equity in India")
PE firm ChrysCapital to invest up to Rs 830 crore in Centre For Sight
"This investment will support CFS's ability to further scale and serve the growing demand for eye care in India both across Tier-I and Tier-II cities," the statement added
 "PE firm ChrysCapital to invest up to Rs 830 crore in Centre For Sight")
Indian PE, VC investments decline 35% to $39 billion in 2023: Report
The private equity (PE) investments in India dropped by 18 per cent to USD 29.6 billion from a peak value of USD 36 billion in 2022
 "Indian PE, VC investments decline 35% to $39 billion in 2023: Report")
Quadria Capital acquires minority stake in NephroPlus for $102 million
"The transaction will support NephroPlus in serving the growing demand for high quality, affordable dialysis services across India and other markets in Asia," Singapore-headquartered Quadria said
 "Quadria Capital acquires minority stake in NephroPlus for $102 million")
ChrysCapital raises $700 mn to maintain stake in National Stock Exchange
The 'continuation fund' will allow ChrysCapital to maintain its stake in the NSE, where it first invested in 2016, while the firm's older investors sell their stakes to new investors
 "ChrysCapital raises $700 mn to maintain stake in National Stock Exchange")
PE firm Advent International to invest $297 mn in Apollo Hospitals' unit
Advent will invest in compulsory convertible instruments in two tranches for a 12.1% stake in the merged pharmacy business entity, which will have an enterprise value of Rs 22,481 crore
 "PE firm Advent International to invest $297 mn in Apollo Hospitals' unit")
India Inc to tap private credit to finance new projects, says PwC
Tax uncertainty is a big concern for PEs
 "India Inc to tap private credit to finance new projects, says PwC")
