September 2013
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Health care to attract more PE investment: Experts

Private equity (PE) investors are bullish on the largely under-penetrated health care industry, which offers high growth opportunities for companies as well as investors.

PE and venture capital firms are largely looking at opportunities in start-ups and smaller, niche companies. For instance, India is known as the diabetes capital and the prevalence of cancer is rapidly on the rise. PE investors have already invested in companies which are into eyecare, diabetes, diagnostics and oncology.

“In the last two years, healthcare […]

Carlyle in talks to buy 28% stake in Trehan’s hospital

Global private equity (PE) major Carlyle is in talks with renowned cardiac surgeon Dr Naresh Trehan to acquire a minority stake in his Gurgaon-based multi-super speciality hospital, Medanta -The Medicity. According to people in the know, Carlyle is keen to acquire 28 per cent stake of Avenue Capital, along with another 10-15 per cent stake owned by Trehan.

Trehan holds 55 per cent stake in Global Hospitals, which owns Medanta, while construction major Punj Lloyd owns another 17 per cent […]

PE investments in 630 companies waiting in exit queue, but bleak economy and muted stock markets spoil plans

Atul Nishar, founder of Hexaware Technologies, has been planning an exit for private equity investor General Atlantic for at least 12 months now. The PE fund’s Rs 300-crore investment made at Rs 142 a share seven years ago is now trading at Rs 118 a share. “Whenever GA wants to sell its stake, we will help find a suitable PE fund to buy it,” says Nishar. Bankers were appointed a while ago to squeeze out an exit. A secondary offer […]

Idea Cellular in talks with PE firms to raise money

Telecom operator Idea Cellular is in talks with private equity firms to raise fund, a top official of the company said on Wednesday.

“I have had chance in last 15 days to meet serious investors, including Fidelity, Blackrock. Almost everybody is taking it (penalty) as part of debt equity for companies, affecting our ability to raise more cash flow,” Idea Cellular Managing Director Himanshu Kapania said at an open house discussion chaired by Telecom Minister Kapil Sibal here.

When contacted […]