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PE exits drop to $108 million in Q2

Private Equity players have offloaded stakes worth $108 million in the second quarter of this year through 12 transactions, a decline of a whopping 89 per cent from the comparable period a year ago.

According to a research report by PricewaterhouseCoopers, in the April-June quarter there were just 12 private equity exits worth $108 million, witnessing a decline of about 89 per cent in terms of value and 33 per cent in terms of number of deals a year ago.

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Private equity investments drop 34% in June quarter: Venture Intelligence

Private equity investments dipped 34% in the June quarter compared to the same period last year. PE firms invested $1,848 million acorss 102 deals during the April-June quarter, said PE/VC tracker Venture Intelligence in its latest report. Investments dropped 34% from $2,798 million across 126 transactions in the year-ago period. The largest transaction during the period was Morgan Stanley Infrastructure Partners’ investing Rs 1,200 crore in Continuum Wind Energy, a Singapore-headquartered developer of wind assets in India. Close on the […]

Private equity fund Temasek keen on India, but cautious

India still remains a promising economy for Temasek even though the PE fund’s investment has dropped in the past one year, said Rohit Sipahimalani, co-chief investment officer and head, India, and co-head, the Middle East.

“There’s a lot of uncertainty, but times like these also create opportunities. We will take advantage of the uncertainty, but will remain cautious,” Sipahimalani said.

In January, Temasek picked up a 4.9 per cent stake in Godrej Consumer Products for Rs 685 crore. […]

Indian PE may raise $50 million from US, Spanish investors

An Indian private equity fund, floated by a group of former corporate executives, is in advanced talks to raise an additional $50 million from Spanish and US investors, in the midst of tough market conditions. Forum Synergies (India) PE Fund Managers is negotiating with marquee Spanish investor Ram Bhavnani and Madrid-based Orienta Capital for a fresh round of funds that will boost its corpus to $100 million. Other investors expected to participate in this round are family offices and development […]

PE investors bet big on Indian FMCG companies

The consumer story in India makes fast moving consumer goods (FMCG) space an attractive destination for private equity and venture capital investors. Compared to the typical $20-50 million deals that took place in the past few years, 2012 witnessed one of the largest PE deals in FMCG space with the Singapore Government owned Temasek Holdings buying a five per cent stake in Godrej Consumer Products Ltd (GCPL) for Rs 685 crore ($135 million). Following Temasek’s investment, the FMCG sector witnessed […]

PE, VC, realty, hedge funds in Sebi ambit

Aiming to bring unregulated and lightly regulated investment funds like hedge funds and private equity-venture capital funds under its ambit, Sebi on Monday came out with a comprehensive framework called Alternative Investment Funds (AIFs) Regulations. Market players feel that regulating hedge funds and investment vehicles that trade with short-term objectives is a step in the right direction. But VC industry veterans feel the steps could make capital raising by Indian-origin funds difficult.

“AIFs Regulations endeavour to extend the perimeter […]

PE industry to see moderate growth during 2012

Private equity and venture capital investors expect tempered growth of 10-25 percent in the PE industry during this calender year largely due to challenges in exiting investments and regulatory uncertainty.

According to the latest findings of Bain & Company’s India Private Equity Report, in 2011, the total deal value surged about 55 percent to USD 14.8 billion over the previous year, whereas this year over 65 percent private equity (PE) and venture capital (VC) investors surveyed expect moderate growth of […]

PE firms target growth sectors via holding firms

Private equity (PE) firms in India are increasingly looking to create holding companies to invest in high-growth sectors such as food and beverage (F&B), agriculture, education and clean-tech. A holding company is typically created to own stakes in other companies, especially by corporate groups running multiple and varied businesses. The revenue of the holding companies is expected to be larger than that of the stand-alone firms in its portfolio, making them more attractive in initial public offerings (IPOs) of shares—the […]

A venture fund that focuses on HR start-ups

The human resources management industry is the new target of serial entrepreneur Mr Varun Talwar, Chief Executive Officer of India’s first HR-focussed venture capital fund, The HR Fund. The fund will concentrate on providing venture capital to HR service start-ups like temping and staffing firms, training and HR software development firms. Set up in November 2011 with a corpus of Rs 60 crore, the fund aims to cash in on an expected boom in the industry, which is still in […]

PE realty players look for controlling stake

Private equity players have turned wary of the Indian realty sector’s below-expectation returns, and are now choosing to play safe by picking large stakes in SEZs while staying away from residential property. The head of an advisory firm that is negotiating one such deal between a PE player and a developer in a South India-based Special Economic Zone (SEZ) told Hindustan Times, “PE funds, especially the multinational ones, now want control in their real estate investments due to the past […]