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Swiss PE Fund Acquires 51% Stake In Chennai’s Water Engineering Firm

Switzerland-based PE fund Capvent AG has acquired 51 percent stake in Chennai-based water engineering firm MORF India Ltd. for undisclosed sum, reports said. The company said the funds would be utilized for developing new products, brand campaigns and also in the national expansion plans by this year end. MORF India Managing Director M.V. Praveen said the company would utilize the money to take the Kelvinator range of home water purifiers and air purifiers across the country. It may be noted […]

Private equity firm ChrysCapital invests $44 mln in India’s CavinKare

Private equity firm ChrysCapital has invested about $44.01 million in Indian consumer products maker CavinKare, the companies said in a statement late on Monday. The investment will be used to strengthen and expand the brand portfolio of the south India-based consumer products company, CavinKare said, without disclosing further terms of the transaction. JM Financial Ltd was the sole adviser to the transaction, it added Source: Reuters

India Value Fund in advanced talks to buy stake in Spykar

Private equity (PE) investor India Value Fund Advisors is in advanced talks to buy the controlling stake of Avigo Capital Partners and Metmin Investments in financially strained casual-wear company Spykar Lifestyles Pvt. Ltd, according to two people directly involved in the negotiations. Avigo and Metmin jointly hold a 60% stake in Spykar, said one of the two persons. India Value Fund is “doing due diligence and has emerged as the final contender”, he said on condition of anonymity. Once the […]

Qatar fund eyes $200m RMZ deal

An affiliate of Qatar Investment Authority is holding discussions to invest about $200 million, Rs 1,200 crore, in RMZ Corp, one of south India’s largest commercial developers, said people directly involved with the talks. The deal could be a combination of equity and debt, split equally, into a special purpose vehicle housing the Bangalore based developer’s commercial projects under development. The discussions are routed through Qatar Investment Company, a part of the oil rich Middle East nation’s sovereign wealth fund […]

Baring PE Asia to invest $260 mn in Lafarge India

Baring Private Equity Asia is taking a 14 per cent stake in the India unit of Lafarge SA, the France-based cement-maker. This would be the largest PE investment in the sector here.

Lafarge said it had signed an agreement to raise ^200 million ($260 million or Rs 1,427 crore) through the capital increase subscribed by Baring PE and representing a 14 per cent minority stake in its Indian subsidiary, Lafarge India Pvt Ltd.

In 2010, PE major Kohlberg Kravis Roberts […]

Tata Opportunities Fund to buy 5% stake in Tata Sky

Tata Opportunities Fund (TOF) LP – a captive PE fund of the $100 billion salt-to-software conglomerate — is all set to buy a 5% stake in Tata Group’s joint venture DTH company Tata Sky. TOF, which has a corpus of $600 million raised last month, will pay Rs 275 crore ($50 million) for a 5% stake, valuing the loss making JV at $1 billion.

This transaction is also expected to set a benchmark valuation, say industry experts as the […]

Goldman Sachs Buys into India Healthcare Again

Goldman Sachs Group Inc has invested 1.1 billion rupees, or about $20 million in a medical device firm in India, in the Wall Street bank’s second investment in the country this month, and its latest in the healthcare sector. Through its private equity arm, Goldman Sachs has invested in BPL Medical Technologies , a unit of Indian electronics products maker BPL Ltd. Funds raised will help BPL Medical expand the products it is selling as well its geographic footprint, the […]

Private equity biggies vie for Rs 400 crore VLCC stake

L Capital, the private equity arm of LVMH, the world’s biggest luxury goods group, is vying with Kohlberg Kravis Roberts & Co (KKR) to buy up to Rs 400 crore stake in homegrown slimming and beauty services chain VLCC, said at least two people familiar with the matter, adding that the company is worth more than $300 million. India-focused investment house ChrysCapital is another contender with the promoter, the Luthras, and existing investor Evertsone Capital short-listing three suitors, as they […]

Everstone Capital picks Rs 220-crore stake in Transpole

The logistics sector in India continues to see investments from large private equity (PE) investors. In the latest event, Everstone Capital, which has assets under management worth is $1.7 billion (Rs 9,141 crore), has acquired a significant minority stake in Transpole Logistics. The deal size is learnt to be around Rs 220 crore. Headquartered in New Delhi, Rs 500-crore Transpole has a presence across India and in other regions such as China, South Korea and South-east Asia. Founded in 2004 […]

Temasek, KKR eyeing stake in Alliance Tire

Private equity firms including Singapore state investor Temasek Holdings and KKR & Co are separately in advanced talks to buy Warburg Pincus LLC’s majority stake in Indian tyre maker Alliance Tire Group for about $400 million, three sources with direct knowledge of the matter said. Other interested bidders include US private equity firms Advent International and TPG Capital, said the sources, all of whom declined to be named as the details of a possible deal are not yet public. Alliance […]