Page 3 - Latest Updates on Private Equity
PE, VC investments decline marginally to $13.5 bn in March quarter: Report
When looked at from a volume perspective, the number of deals was 33 per cent higher at 292 in January-March 2024 against 220 in the year-ago period, it added
 "PE, VC investments decline marginally to $13.5 bn in March quarter: Report")
Investor climate group eyes assets in private equity, sovereign debt
The Net-Zero Asset Owner Alliance members are being asked to include assets like private debt and equity in their emissions reductions strategy
 "Investor climate group eyes assets in private equity, sovereign debt")
Investors spoiled for choice with top ice cream makers on table for sale
The stakes are high for Unilever. Once a focal point of growth with labels such as Magnum and Cornetto, the Anglo-Dutch company's ice cream unit has underperformed for the past five quarters
 "Investors spoiled for choice with top ice cream makers on table for sale")
Olympus Capital divests 9.8% stake in Aster DM Healthcare for Rs 1,978 cr
Olympus Capital Asia through its two affiliates -- Olympus Capital Asia Investments Ltd and Olympus ACF Pte -- offloaded the shares of Dubai-based Aster DM Healthcare on the bourse
PE firm Olympus to sell 9.8% stake in India's Aster DM for up to $234.5 mn
Olympus Capital, which owns about 19% stake in the hospital chain, is planning the sale at 400-437.20 rupees per share
 "PE firm Olympus to sell 9.8% stake in India's Aster DM for up to $234.5 mn")
PE, VC investments fall to $2.2 billion in Feb as big-ticket deals dry up
The number of deals were higher at 120 transactions in February, as compared to 86 deals in January and 57 in February 2023, the report by industry lobby group IVCA and consultancy firm EY said
 "PE, VC investments fall to $2.2 billion in Feb as big-ticket deals dry up")
Ananya Birla's Svatantra to get Rs 1,930 cr capital from Advent, Multiples
The microfinance lender, which was founded in 2013, acquired Chaitanya India Fin Credit for Rs 1,479 crore in August last year
 "Ananya Birla's Svatantra to get Rs 1,930 cr capital from Advent, Multiples")
Indian market too big to ignore: Beauty and make-up brand Laura Mercier
The brand first entered the Indian market last year and started selling online through the beauty and personal care marketplace, Tira
 "Indian market too big to ignore: Beauty and make-up brand Laura Mercier")
PE/VC exits surge 36% to $24.8 bn in 2023 amid declining investments
The infrastructure sector emerged as the leader, attracting $11.6 billion in investments in 2023, while traditional favorites such as financial services and technology witnessed a decline
 "PE/VC exits surge 36% to $24.8 bn in 2023 amid declining investments")
PE firm KKR considers selling controlling stake in JB Pharma: Report
The US private equity firm is looking to hire financial advisers to help evaluate a sale of its 53.8% stake in the Mumbai-based company, the people said
Logistics firm Shadowfax raises $100 million in TPG-led funding round
The company declined to disclose the valuation at which it raised the funds. It was last valued at $632 million, as of April 2022, per data from investment tracker Tracxn
 "Logistics firm Shadowfax raises $100 million in TPG-led funding round")
Chipmaker Broadcom sells remote-access unit to PE firm KKR in $4 bn deal
The end-user computing (EUC) unit will become a standalone company and will continue to be run by its existing management team led by Shankar Iyer, KKR said in a statement on Monday
 "Chipmaker Broadcom sells remote-access unit to PE firm KKR in $4 bn deal")
Roads and renewables: Global PE major KKR to raise infra bet in India
Major portion of $6.4 billion Asia-Pacific fund set to be routed to India
 "Roads and renewables: Global PE major KKR to raise infra bet in India")
PE firm CVC Capital raises $6.8 bn, plans to invest in Indian companies
The funds raised in the latest round saw a strong demand from new and returning blue chip investors enabling it to exceed the $6 billion target and original hard cap of $6.5 billion
 "PE firm CVC Capital raises $6.8 bn, plans to invest in Indian companies")
NIIF commits Rs 207 cr to Amicus for tech-enabled manufacturing, healthcare
NIIF Fund of Funds-I, the first fund under its private markets business (PMF-I), has made the commitment to Amicus Capital Partners India Fund II
 "NIIF commits Rs 207 cr to Amicus for tech-enabled manufacturing, healthcare")
Florintree Capital exits Data Patterns, sells entire stake for Rs 1,102 cr
According to the block deal data available with the BSE, Florintree Capital Partners LLP offloaded 59,96,622 shares, amounting to a 10.71 per cent stake in Data Patterns (India)
 "Florintree Capital exits Data Patterns, sells entire stake for Rs 1,102 cr")
GPT Healthcare's IPO to open on February 22, PE firm BanyanTree to exit
The bidding for anchor investors will open for a day on February 21, according to the Red Herring Prospectus (RHP)
 "GPT Healthcare's IPO to open on February 22, PE firm BanyanTree to exit")
Carlyle shares jump 10% after drop in Q4 earnings exceeds estimates
Carlyle said its net profit from asset sales fell nearly 44% to $257.7 million, as market volatility, high interest rates and geopolitical tensions weighed on its ability to cash out investments
 "Carlyle shares jump 10% after drop in Q4 earnings exceeds estimates")
Blackstone Q4 results: Earnings rise 4% to $1.4 bn as asset sales pick up
Distributable earnings, which represents cash used to pay dividends to shareholders, rose to nearly $1.4 billion in the three months to Dec. 31, up from $1.3 billion a year earlier
 "Blackstone Q4 results: Earnings rise 4% to $1.4 bn as asset sales pick up")
PE/VC bets drop for second year, down 11% at $49.8 bn in 2023: Report
Exits by funds jumped 36 per cent to $24.8 billion but were still lower than the $39.6 billion in 2021
 "PE/VC bets drop for second year, down 11% at $49.8 bn in 2023: Report")
