Page 5 - Latest Updates on Private Equity
True North to sell 20% stake worth $325 million in Niva Bupa Insurance
Niva Bupa, a joint venture between British United Provident Association (Bupa) and India's True North, offers health insurance through more than 20 bank partners
 "True North to sell 20% stake worth $325 million in Niva Bupa Insurance")
Private equity-backed mergers and acquisitions fall to 31-month low
Value of such transactions has also been coming down over time
 "Private equity-backed mergers and acquisitions fall to 31-month low")
The problem with index funds
The dominance of index funds could be stifling price competition, compounded by the concentration of power among a few giants in fund-management and private-equity
 "The problem with index funds")
TPG-backed RR Kabel sets price band at Rs 983-1,035 per share
At the upper end, the issue size works out to Rs 1,964 crore, making it the second-largest IPO of the year after Mankind Pharma
 "TPG-backed RR Kabel sets price band at Rs 983-1,035 per share")
Warburg sells 4.2% in IDFC First Bank; GQG picks up 2.6% in lender
On Friday, shares of IDFC First Bank fell by as much as 5 percent in early trading but recovered to end little changed
 "Warburg sells 4.2% in IDFC First Bank; GQG picks up 2.6% in lender")
VC firm gradCapital launches $6 million fund for students' startups
The VC fund on Friday said it will offer a standard cheque of USD 40,000 (Rs 33 lakh) at 4 per cent equity in companies set up by students
 "VC firm gradCapital launches $6 million fund for students' startups")
Sewerage infra player EMS plans to float IPO in Sept to raise Rs 300-320 cr
In the pre-IPO placement round, the Ghaziabad-based firm issued 16 lakh equity shares at an issue price of Rs 211 apiece, the company said in a statement
 "Sewerage infra player EMS plans to float IPO in Sept to raise Rs 300-320 cr")
Private equity, venture capital investments falls 5% to $3.9 bn in July
The number of transactions was down 26 per cent year-on-year (y-o-y) to 59 in July while month-on-month it slipped 20 per cent
 "Private equity, venture capital investments falls 5% to $3.9 bn in July")
PE inflows plunge 61% to $6.1 bn in January-Jun, lowest since 2020
Continuing global macroeconomic uncertainties along with tight credit markets, pulled down private equity investments into the country by 61% in first half of 2023 to $6.1 bn, according to a report
 "PE inflows plunge 61% to $6.1 bn in January-Jun, lowest since 2020")
PE investments in real estate down 5% YoY at 1.9 bn in Q1 FY24: Report
Increase interest rates impact investment flows, deal activity muted
 "PE investments in real estate down 5% YoY at 1.9 bn in Q1 FY24: Report")
There is a lot more risk aversion happening: Rothschild & Co India head
In a Q&A, the firm's India MD Chandresh Ruparel discusses the current M&A and PE space and outlook, even as he remains most bullish on India among BRICS nations for its ability to attract capital
 "There is a lot more risk aversion happening: Rothschild & Co India head")
Unicorn list declines in 2023, indicates slowdown in funding: Hurun report
The slowdown in unicorn additions is indicative of a "slowdown in India's startup ecosystem", the report -- which comes amid a slowdown in investor interest in what is being termed as "funding winter"
 "Unicorn list declines in 2023, indicates slowdown in funding: Hurun report")
Recession risk, rate rises drive down private equity deals to 4-yr low
Since the start of the year, buyout firms have been unable to secure cheap debt and have had to draw on their own funds, marking a departure from traditional leveraged buyouts
 "Recession risk, rate rises drive down private equity deals to 4-yr low")
Byju's early investor Pai calls for better governance after auditor exit
Deloitte disclosed on Thursday that it was resigning as auditor because Byju's had delayed providing financial statements for 2021-22
 "Byju's early investor Pai calls for better governance after auditor exit")
In Indian start-up technology churn, generative AI gets edge over Web3
Raise $7.1 million in funding across eight deals until June 1
 "In Indian start-up technology churn, generative AI gets edge over Web3")
PE/VCs investment in India falls 44% to $3.5 billion, says report
The dedicated funds had invested $6.2 billion in May 2022 and $7.4 billion in the preceding month of April 2023, representing a dip of 44 per cent and 52 per cent, respectively
KKR to take machinery maker Circor private in $1.6 bn deal, stock up 49%
KKR said it will pay $49 per share, sending Circor's stock up 49% at $47.20 in premarket trading. The offer represents a premium of nearly 55% to Circor's last close on Friday
 "KKR to take machinery maker Circor private in $1.6 bn deal, stock up 49%")
Multiples Alternate announces $640 million first close of PE fund
Indian private equity firm Multiples Alternate Asset Management on Wednesday announced the first close of a $640 million fund aimed at investing in domestic companies
 "Multiples Alternate announces $640 million first close of PE fund")
Apollo pitches investors on deal to ease industrywide fundraising slump
The firm pitched it as a way to ease clients' liquidity pressures, according to people familiar with the matter
 "Apollo pitches investors on deal to ease industrywide fundraising slump")
India gets over $60 bn in PE-VC investments for third year straight: Report
Country 'bright spot' in Asia Pacific region where capital flow is decelerating, it says
