June 2012
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Morgan Stanley’s infra PE fund in talks to buy Lanco’s road assets

Private equity (PE) players, who burnt their fingers following big-ticket deals in India’s power sector, are now showing interest in less risky road projects. Morgan Stanley Infrastructure Partners, a $4-billion global infrastructure fund, is in early discussions with infrastructure company Lanco Infratech to buy its 401 km of highway projects, in various stages of construction, which are up for sale. A few other infra-focused PE firms are also engaged in due diligence for Lanco’s road assets. The valuation was in […]

Insecticides India in talks with PE firms

Insecticides (India) Ltd, or IIL, on Monday said it is in talks with private equity investors to raise Rs. 70-100 crore this year for its expansion, by diluting 7-8% of the promoter stake in the company. The Delhi-based pesticide maker has lined up investment plans worth Rs. 125 crore for the next two years for augmenting capacity and launching products. “So far we expanded our business using internal accruals and bank debt, but now we thought it is prudent to […]

Warburg to buy stake in India’s Future Cap for $100 mln

Warburg Pincus LLC has agreed to buy a controlling stake in Future Capital Holdings for nearly $100 million, helping the U.S. private equity firm to expand its presence in India’s financial services sector. Future Capital, which provides consumer and mortgage loans, said in a statement Warburg would initially buy a 53.7 percent holding from group company Pantaloon Retail. The deal at 162 rupees per share, or 18 percent premium to Future’s Friday’s closing price, would cost Cloverdell Investment, an affiliate […]

PE investors set to fuel Kurlon expansion

Global private equity majors and large buyout funds are understood to be in advanced discussions with the promoters of Kurlon Ltd, to acquire a minority stake in the company. Kurlon Ltd is a Rs 750 crore group company of the Manipal Group has around 20 per cent market share in the Rs 4,000 crore branded mattresses business in India. According to investment bankers close to the company, Apax Private Equity which focuses on large transactions including taking management control is […]