Page 3 - Private Equity Firms

Cipla founding family's stake sale in jeopardy over $13 bn valuation target

Negotiations between the family members and prospective buyers, including companies in the industry and private equity firms, are no longer moving forward

M&As likely to witness a strong comeback as PEs bet more cash in India

PE investors and promoter sales have largely dominated the equity sell-down activity over the last two years

PE inflow in real estate up 51% to Rs 24,680 cr: Cushman & Wakefield

Private equity investment in real estate rose 51 per cent year-on-year to Rs 24,680 crore in the first six months of this year, Cushman & Wakefield said on Monday. The private equity (PE) investment during April-June stood at Rs 15,850 crore (USD 1.92 billion), which was 63 per cent higher than the previous quarter and 60 per cent higher than the same period last year. "H1-2023 (January-June) witnessed a cumulative inflow of close to Rs 24,680 crore (USD 2.99 billion) which is 51 per cent higher than H1-22, mainly driven by investment in the office segment and also increased investments in alternate segments like logistics & industrial and data centres," real estate consultant Cushman & Wakefield said in a statement. Equity investment constituted for 87 per cent of the total inflows. Somy Thomas, Managing Director, Valuations and Co Head, Capital Markets at Cushman & Wakefield, said, "Indian office markets are one of the most resilient investment classes in the real ...

ChrysCap joins Nirma, Sekhmet in race to snap up Glenmark Life Sciences

Nirma, Sekhmet Pharma also make binding bids

Blackstone on brink of $1 trn milestone in first for private equity

Private equity firms have risen to power major tracts of the US economy

Private equity dealings at listed firms to face shareholders' test

Privileges such as board nominations, veto over share issuances will require to be approved via special resolutions; Could impact fresh investments

FIS to sell stake in merchant business to GTCR for $18.5 billion

The transaction would effectively undo FIS' $43 billion acquisition of Worldpay in 2019, after the unit lost market share to traditional competitors and new financial technology startups

Unicorn list declines in 2023, indicates slowdown in funding: Hurun report

New additions in the coveted unicorn list declined sharply in 2023, indicating a slowdown in the Indian startup ecosystem, a report said on Tuesday. India added only three unicorns startups having a valuation of over USD 1 billion in 2023 against 24 in the year-ago period, as per the ASK Private Wealth Hurun Indian Future Unicorn Index 2023. 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" -- said. The overall number of unicorns also declined to 83 from 84 in the year-ago period. ASK Private Wealth's chief executive and managing director Rajesh Saluja said unsustainable business models adopted by startups have led to a dip in valuations but stressed that funding to the right companies continues. Hurun India's chief researcher Anas Rahman Junaid, however, said that the Indian startup story has high potential and he sees the overall

PE firm Carlyle offloads its entire stake in Delhivery for Rs 709 cr

US-based private equity firm Carlyle on Thursday offloaded its entire 2.53 per cent stake in supply chain company Delhivery for Rs 709 crore through open market transactions. BNP Paribas Arbitrage, Norges Bank, Societe Generale, Saudi Central Bank, Washington State Investment Board, Lockheed Martin Corporation Master Retirement Trust, Morgan Stanley Mauritius Company, Goldman Sachs (Singapore) Pte, Tokio Marine Life Insurance Singapore and AIA Singapore, among others, were the buyers of shares. Carlyle through its special-purpose vehicle CA Swift Investments sold the shares of Delhivery in 11 tranches. CA Swift Investments offloaded a total of 1,84,04,607 shares, amounting to 2.53 per cent stake in Delhivery, as per the block deal data available with the BSE. The shares were sold at an average price of Rs 385.5 apiece, taking the transaction value to Rs 709.50 crore. The US-based investment firm was holding a 2.53 per cent stake in the supply chain company, shareholding data for t

Toshiba Corp accepts $15 bn buyout offer from Japanese consortium

The Tokyo-based company's board approved on Thursday a bid of about 2 trillion yen ($15.3 billion) from a group led by domestic private equity firm Japan Industrial Partners Inc.

Silicon Valley Bank loans could be letdown for private equity giants

The FDIC has a broad mandate to try to sell Silicon Valley Bank and Signature Bank assets at the best possible price to aid recoveries, whether that's as a whole or in pieces

India's private equity investment declines by 23.4% in 2022, says S&P

(Reuters) - Private equity (PE) investments in India dropped 23.4% in 2022 from a year earlier, a report from S&P Global Market Intelligence showed on Tuesday.

PE inflows plunge 42% to $23.3 bn in 2022, lowest since 2019: Report

Private equity investments into domestic companies fell sharply year-on-year by 42 per cent to USD 23.3 billion in 2022, which is the lowest since 2019, when it was USD 15.8 billion, according to an industry report. The numbers reflect the overall funding winter that the startup space in particular, and the overall foreign investments in general have been witnessing since the Ukraine war began last February. Private equity investment inflows into the country fell by a sharp 42 per cent in 2022 from last year to USD 23.3 billion -- the lowest annual inflows since 2019 when it was a low USD 15.8 billion, but still relatively elevated compared to historical levels, said Elaine Tan, a senior analyst at Refinitiv, the LSEG business arm that provides financial markets data and insights. The report did not say how many deals were closed in the year. In the December quarter, the PE investments totalled USD 3.61 billion, down 8.1 per cent sequentially from USD 3.93 billion and fell 67.2 per

DIPAM extends last date for submission of EoI for IDBI stake sale

Consortium of foreign funds, investment companies will be allowed to own over 51% of IDBI Bank

PE/VC investments drop 75% in October over last year: IVCA-EY report

Inflation woes, recession fears, the rising cost of capital, and elevated levels of uncertainty driven by geopolitical tensions have weighed down the PE/VC activity in 2022

TPG Capital to sell Nykaa shares worth Rs 1,000 cr via block deal on Friday

American private equity firm TPG Capital is likely to sell shares of Nykaa worth Rs 1,000 crore through a block deal

Build an equity-heavy portfolio for your child's higher education goals

This is essential to combat the high inflation in cost of education

Amagi's valuation crosses $1.4 bn amid funding woes, raises $100 mn

The media technology provider has raised over $100 mn in investment, inclusive of $80 million in primary capital, from global growth equity firm General Atlantic

Clock ticking for private equity firms to spend through tougher times

The shift is profound for an asset class that for more than a decade was flooded with cash from investors hunting yield in a low-interest rate environment

ADIA, KKR, Brookfield to invest in UPL companies as restructuring move

KKR, the US-based private equity firm, will separately invest Rs 2,460 crore to pick up a 13.33 per cent stake in Advanta Enterprises, a subsidiary of UPL.