May « 2007 « IndiaPE.com

HDFC realty arm buys 10% in Pune co for Rs 75 cr

HDFC India Real Estate Fund has bought a 10% stake in Pune-based real estate company Paranjape Schemes for Rs 75 crore. Private equity investor GE Capital has also signed a deal worth Rs 250 crore with the company for developing an integrated township project in Pune. “HDFC’s real estate arm has bought a stake in the holding company. The funds will be used for all upcoming projects of the company. GE Capital’s investment is for a specific project in Pune,” said Shrikant Paranjape, one of the promoters of Paranjape. […]

Dubai Ventures buys 5% in Bharat Hotels

Dubai Ventures, the private equity arm of Dubai Investment Group, has picked up 5% stake in Delhi-based Bharat Hotels for Rs 160 crore. The deal values the company at Rs 3,200 crore. Post-deal, the promoters’ stake— the Suri family and associates — will come down to 92%. The hospitality chain plans to raise up to Rs 1,000 crore through internal accruals, debt and private equity placements to fund its expansion programme. The expansion involves six properties under construction, while talks are on for setting up luxury hotels in Hyderabad, Amritsar, Chennai, Pune and Gulmarg. […]

Coca-Cola takes ahead Glaceau takeover plans: Report

Global soft drink giant Coca-Cola has made a pre-merger filing with the US anti-trust regulators regarding a possible acquisition of energy drink maker Glaceau, in which India's Tata Group holds a 30 per cent sake, media reports said here.

Coca-Cola … […]

New class of PE firms comes of age

Here’s a simple thumb rule for companies looking to pick the right private equity (PE) investor: Count the number of companies in its portfolio that have gone public.

Since February 2005, 22 Indian PE-backed companies have raised $1.58 billion through … […]

Private equity and venture capital boom : FE

The Indian private equity (PE) and venture capital (VC) market has been getting more active by the day. During the last year or so, almost all the major global VC and PE firms have either established an on-ground presence in India or raised significant India-dedicated funds. In 2006, PE/VC investment levels increased by more than 300% to almost $7.5 billion from $2.2 billion in 2005. This quantum leap was not the result of a low base—as 2005 was a record year in itself. […]

Chevron planning to raise stake in RPL

American petroleum major Chevron may soon increase its stake in the Mukesh Ambani-promoted Reliance Petroleum Ltd (RPL) that is setting up a 29 million tonne grassroots refinery in a special economic zone in Jamnagar, Gujarat.

Chevron already holds 5% in … […]

India's Sun Pharmaceutical Industries buys Taro

Taro Pharmaceutical Industries Limited , controlled by the Levitt and Moros families, will be sold in its entirety to Sun Pharmaceutical Industries Ltd of India for $454 million. Taro's current market cap is about $180 million.

Sun will pay some $230 … […]

Actis Capital Set to Raise USD 3 B South Asia Fund

Actis Capital LLP, a Private Equity (PE) firm, has its eye on emerging markets, to raise USD 3 billion South-Asia fund. Rs 4, 100 crore (USD 1 billion) from the fund will be invested in India; Actis is quoted to … […]

Pvt equity funds get active in clean energy sector

$250 mn invested in 11 domestic clean tech firms in 2006. The clean energy business is turning out to be the next big thing for private equity and venture capital investors in India. Investors all over the world are ready to cash in on the clean technology business, thanks to tough postures adopted by the UN and global environment bodies in pushing companies to go environment-friendly. Following the trend, private equity and venture capital funds see big potential for investments in the clean energy sector in India, say industry experts. […]

Private equity now chases small-town dreams

Private equity (PE) investment in India is taking a new route. People tracking the sector say that large and mid-sized PE funds are increasingly making inquiries with successful family-owned firms in smaller towns as valuations of large enterprises are surging … […]

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