Pe Firms

GPT Healthcare's IPO to open on February 22, PE firm BanyanTree to exit

The Initial Public Offering (IPO) GPT Healthcare Ltd, which operates and manages mid-sized multi-specialty hospitals under the ILS Hospitals brand, is set to open on February 22. The initial-share-sale is scheduled to conclude on February 26. The bidding for anchor investors will open for a day on February 21, according to the Red Herring Prospectus (RHP). The IPO is a combination of a fresh issue of equity shares aggregating to Rs 40 crore, and an Offer For Sale (OFS) of up to 2.6 crore equity shares by private equity firm BanyanTree Growth Capital II. BanyanTree, which holds 2.6 crore shares or 32.64 per cent stake in Kolkata-based GPT Healthcare, is divesting its entire shareholding in the company. Proceeds from the fresh issue will be used for payment of debt and general corporate purposes. GPT Healthcare, which started with an eight-bed hospital in Kolkata in 2000, operates four full-service multi-specialty hospitals, with a total capacity of 561 beds. The company competes

PE investments down 61% in India, here are the top ten deals of 2023

Private equity investments in India dropped 61% during the first half of 2023 compared to the same period in 2022, with sum of equity invested amounting to US$6.1 billion.

Top headlines: Elon Musk meets PM Modi, PE firms go for block deals

Business Standard brings you the top headlines at this hour

Yes, PE ownership of airports works and there is research to show it

It turns out that PE funds, while doing some nasty things like raising charges and sacking people, do manage to improve the efficiency of the airport and the services it offers

Centre likely to remove 10% shareholding cap for individuals in PSBs

Removal of threshold may allow PE firms to own over 10% stake in state-run banks

Paytm debacle more about pricing, won't impact start-up IPOs: PE/VC firms

They say Paytm's poor show is a reflection of just one company that didn't do well, many other IPOs like that of Zomato have been strong

PE firm Kedaara invests in product engineering services company GS Lab

Kedaara has acquired a significant minority stake in the company, but the financial details of the deals were not disclosed

Covid-19 pandemic: PEs pour $584 million into healthcare in 2021

Highest investment in the sector in last 5 years; pandemic expands opportunities

Zydus Animal Health buyout catapults Multiples into the big league

Multiples' deal ticket size in the first fund was only $30 million and in the second around $50 million

PE firm Advent pares holding in CG Consumer, sold 6% stake in two tranches

Raises Rs 1,492 crore from deal; Societe Generale picks up 0.62% for Rs 153 crore, identity of other buyers not known

Wells Fargo in talks to sell asset management business to PE firms: Report

(Reuters) - Wells Fargo & Co is in exclusive talks to sell its asset management business, which manages more than $607 billion on behalf of customers, to a private equity consortium led by GTCR LLC and Reverence Capital Partners LP, according to people familiar with the matter.

Private equity firm Stakeboat Capital floats fund for raising Rs 1,000 cr

Fund-II will remain focused on investing in growth equity in SMEs in the form of control and buyout transactions, the Bengaluru-based company said in a statement

PE firm KKR picks up 1.28% stake in Reliance Retail for Rs 5,550 crore

Second PE deal in two weeks; valuation same at Rs 4.2 trillion

PE firm TPG Capital asks Puneet Bhatia to honour shareholders' verdict

According to sources, TPG, which has investments in several firms domestically as well as globally, doesn't want to be at odds with voting advisory firms and shareholders over any governance issues

Clermont Group likely to join Clix Capital in Lakshmi Vilas Bank deal

PE firm may infuse $150-200 million for up to 20% stake in bank before merger

Revised inter-creditor pacts may do away with need for 66% lenders' nod

Banks will be able to customise ICAs in accordance with their needs even as more financial stakeholders are on-boarded, including those with foreign currency exposures

Covid-19 impact: Private equity slows down, zooms in on portfolio companies

Future targets to include financial services, retail companies; Top PE firms shut offices about a week before lockdown; key execs and principals now entirely on phone, video-conferencing

YES Bank crisis: PE firms want to invest at Rs 10/share, on par with SBI

JC Flowers, Tilden, Cerberus ask SBI to prepare a clean-up plan

We'll keep investing in India as long as we see opportunities: Blackstone

Schwarzman spoke to Pavan Lall, and fielded questions on concerns about the coronavirus, the next few quarters for the world economy, and doing business in India

Warburg Pincus is looking to exit joint venture with Embassy Group

"Warburg is not happy with the speed with which the land acquisition and development happened in the JV," said sources.