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PE investments in India down by 15% to USD 8.85 bn

Aggregate private equity investment in India last year declined by 15 per cent to USD 8.85 billion due to “adverse sentiment”, consultancy firm PwC today said. “Aggregate PE investments declined 15 per cent, at USD 8.85 billion across 406 deals, compared to USD 10.35 billion from 481 deals in 2011…the adverse sentiment significantly impacted PE investments for the year,” it said in a report. “(a) factor which caused a lot of grief to the investment community was the complete policy […]

PE pours money into India health care

Private equity funds quadrupled their investment in India’s primary healthcare, betting the sick and ailing will stop seeing family doctors in often cramped and dingy quarters and check into modern chains sprouting up across Asia’s No.3 economy. Goldman Sachs Group, Warburg Pincus LLC, Sequoia Capital and the Government of Singapore Investment Corp are among investors that pumped $520 million into India’s basic healthcare industry this year, compared with $137 million in 2011, according to Thomson Reuters data. Some analysts predict […]

Private equity slipping away

There is a distinct lack of buzz on the private equity front in the third quarter in India. Investments by private equity and even the smaller angel investors who incubate start-ups are plunging mostly because exits remain difficult. As per latest figures from the Emerging Markets Private Funds Association, private equity investments in India are down to just $2.06 billion in the first three quarters of the calendar year as against $6.17 billion in 2011 and $6.22 billion in 2010. […]

PE players fund residential realty deals

Realty players who are hard pressed on liquidity, and have been turning to the private equity (PE) players for funding, may end up benefitting customers. Industry experts say that while recent deals have been happening more in the residential real estate sector, PE players are investing in projects for shorter duration and with better cash flows.

So, while dev-elopers may like to hold on to the price, the PE investor may wish to exit even at slightly lower returns […]

PE investments up 4.4% in Q2

Private equity (PE) investments in the country during the quarter-ended September 2012 increased 4.4 per cent to around $2,521 million across 97 deals. However, if you think the investor’s confidence is back, the answer is no. Thanks to the $1-billion investment by Bain Capital in Gurgaon-based BPO firm Genpact, the investment amount showed a growth in the quarter compared with the same period last year that stood at $2,415 million across 120 transactions. PEs, which are largely long-term investors, are […]

August sees highest PE deal value of year at $1.8 b

Private equity activity in India witnessed an uptick in August with a combined deal value of $1.8 billion, the highest so far this year. Out of 38 deals, Bain Capital’s acquisition of a 30 per cent equity stake in Genpact for $1 billion was the highlight, accounting for over half the cumulative deal value, according to research and consultancy firm Grant Thornton’s latest ‘Dealtracker’ report. IT, ITeS lead The Bain-Genpact deal enabled the part-exit of Genpact’s existing investors, General Atlantic […]

$1.8 bn of PE money at stake

The ongoing turmoil in the Indian coal sector is not merely about suspect allocations and inept domestic companies that have failed to utilise their captive assets. At stake is also about $1.8 billion of private equity (PE) money that has been brought into the thermal power sector between 2008 and 2012, according to Venture Intelligence, a research service focused on PE and M&A. Of this $1.8 billion, Blackstone Group, the New York Stock Exchange-listed global investment and advisory firm, has […]

Cos eye listing abroad for smooth exit of PE firms

Indian companies are mulling overseas listing to pave the way for smooth exit of their Private Equity (PE) investors, experts say. A large number of international PE funds made investments in India during 2006 to 2008, but they are holding on to their portfolios firms for lack of good exit opportunities. According to investment bankers, some possible listing candidates include mobile software companies like InMobi, IMIMobile, One97 Communications, iYogi, online travel portal Yatra.Com and e-commerce players like Flipkart and SnapDeal.

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PE investments slips 35 per cent

The gloom on the economic front both domestically and abroad has resulted in private equity investments in the country falling 35 per cent during the April-June quarter, a report has said. Private equity funds invested USD 1,616 million in 97 deals during the quarter, which is 35 per cent lower in value terms and 23 per cent down when compared with number of deals, the report by consulting major PwC has found. “As the global economic environment continued to remain […]

India gets first domestic hedge fund in Forefront

India has just got its first hedge fund, with the Mumbai-based Forefront Alternative Investment Trust registering itself with the Securities and Exchange Board of India (Sebi) under the new alternative investment funds rules, which were notified in May.

The list of new AIFs put up by Sebi over the weekend placed Forefront Alternative Investment Trust in Category-III, a segment reserved for hedge funds.

As per Sebi’s May notification, a Category III AIF can employ “diverse or complex trading strategies and […]