October 2012
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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 […]

KKR, Apollo in race for stake in Godrej Agrovet

The fundraising plan of Godrej Agrovet Limited (GAVL) is turning into a hot race as more private equity players are entering into the fray. In a latest development, global private equity majors -Kohlberg Kravis Roberts (KKR) and Apollo Global management LLC have evinced interest to buy stake in the Mumbai-based Agri-poultry business firm.

According to sources in the know, KKR and Apollo are in early stages of discussion with Godrej Agrovet management and more private equity players have shown interest […]

SUN TV Network acquires IPL Hyderabad franchise

Chennai-based SUN TV Network acquired the Indian Premier League (IPL) Hyderabad franchise on Thursday for a whopping Rs 85.05 crore per year, it was announced here. The franchise has reportedly been acquired for the next five seasons, which makes the total winning bid Rs 425 crore. The franchise, earlier owned by Deccan Chronicle Holdings Ltd (DCHL), was made defunct by the Board of Control for Cricket in India (BCCI) after the owners failed to produce a Rs 100-crore bank guarantee […]

Adani to hike stake in power subsidiary to 75%

Betting big on power business, Adani Enterprises board has approved infusion of additional funds in its subsidiary Adani Power and increase promoters’ stake to 75 percent from 68 percent.

“Board of Adani Enterprises has approved, in principle, the proposal to allow additional investment in Adani Power so as to enhance the total promoters’ shareholding up to 75 percent from about 68 percent,” the company said in a release.

However, the company did not disclose the amount that would be pumped […]

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 […]

State’s first private equity deal gives 25 cr boost to education

Gujarat’s first private equity deal in education sector, Kaizen Private Equity LLC has picked up an undisclosed stake by investing Rs 25 crore ($4.5 million) in Ahmedabad-based Altus Learning Private Limited, which runs CalorX brand of schools. Altus, which is promoted by educationist Manjula Pooja Shroff, currently manages 16 schools, mostly in Ahmedabad. “We chose Altus because it is instrumental in supporting schools with 6000 students and offers quality education,” said Sandeep Aneja, founder and managing director of Kaizen Management […]

Everstone invests Rs 200 crore in publishing house S Chand

Private equity major Everstone Capital today said it has invested Rs 200 crore in a leading publishing house S Chand and Company. “S Chand is one of the largest educational publishing houses in India. With widespread distribution, experienced management and strong macro tailwinds, it is uniquely positioned to consolidate the market and deliver the necessary content to students and educational institutions across India,” Everstone Capital’s Managing Partner Sameer Sain said in a release issued here. The education publishing market in […]

StanChart PE to invest $35 mn in Prime Focus

Prime Focus Limited (PFL), a global provider of creative and technical post production services for broadcast, commercials and films, will receive $35 million in equity investment from Standard Chartered Private Equity (Mauritius) to support its growth plans. The company is also in talks with lenders to raise long term debt to support redemption of $55 million of FCCBs (foreign currency convertible bonds) towards the end of this year. The equity investment by Standard Chartered Private Equity will be via allotment […]

Swarovski may buy 12% stake in Mumbai’s Tara Jewels; deal to value Rs 500 crore

Austria-based Swarovski Group is close to buying a minority stake in domestic jewellery house Tara Jewels, according to two people close to the transaction. This is the first such investment by the luxury and cut crystal products maker in India, which has annual sales of around 3 billion (about Rs 20,400 crore) worldwide. While the exact financials are not available, people quoted above said Swarovski would be picking up a 10-12 % stake in the company, valuing it at around […]

Standard Chartered PE invests Rs 165 cr in Varun Beverages

Standard Chartered Private Equity has concluded a $32-million (Rs 168 crore) follow-on investment in Varun Beverages International Ltd, the largest bottler for PepsiCo in South Asia. The company plans to use the newly injected funds for the buyout of Pepsi’s minority stake in its subsidiary Varun Beverages Ltd (VBL). Post the buyout, the company’s Indian beverage business will be consolidated into Varun Beverages International, the company said in a statement. Broadening capital base Standard Chartered Private Equity had previously invested […]