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Air Works Sells 4.8% Stake to Elephant Capital Unit

A unit of Elephant Capital PLC has bought a 4.8% stake in India's Air Works for 2.45 million pounds ($3.96 million). Elephant Capital's investment is through its Mauritius unit, Tusk Investment Fund 1, the provider of aircraft maintenance, repair and overhaul services said in a statement. Air Works will also get another round of investment from the private-equity firm, it said, without elaborating. […]

India poised for $5 bln wave of PE exits from property – Nomura

Private equity investors are poised to exit roughly $5 billion worth of Indian real estate investments in the next two or three years, a Nomura report said, adding pressure to a sector struggling with access to capital and falling property prices. During the boom years of 2006-2008, India attracted an influx of private equity in property, a big chunk of it structured as debt, and in some cases developers will be forced to buy back the investment from the PE firms, the report said. “This will increase pressure on developers to generate cash flows through affordable pricing and better execution,” Nomura analyst Aatash Shah wrote. […]

Aloe Plans $501 Million Fund to Back Renewable Energy Ventures in Asia

Aloe Private Equity, a Mauritius- based company that focuses on Asia, seeks to raise as much as 350 million euros ($501 million) to invest in companies developing environmental technologies. The company expects to close in the third quarter the first funding round for its Aloe Environment Fund III with capital commitments of about 100 million euros, according to Vivek Tandon, co-founder and general partner at Aloe. It expects to investment in eight to 10 companies in fields such as waste management, recycling, water and energy efficiency that want to expand into Asia, Tandon said in an interview yesterday. “Entrepreneurs in Asia were very quick to realize that being green was a profitable business and the concept of reduce, reuse and recycle could save their companies money,” he said. Aloe has received commitments from two institutional sponsors and some of its existing partners. […]

Srei Infra Finance to launch $1 billion infra fund, start oil & gas exploration

Srei Infrastructure Finance Ltd, one of the few pure-play private sector infrastructure finance companies in the country, is planning to re-enter the port sector this fiscal to grab opportunities in upgradation of existingports. It would also begin oil and gas exploration in a block that the group, as part of a consortium, had won in the Nelp VII round in 2008. “We have recently exited our investments in the port sector but this year we might invest in this sector again as lots of investment opportunities are likely to show up soon,” vice-chairman Sunil Kanoria told DNA. […]