October 2012
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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 […]

Panacea Biotec may tap PE fund for hospital business

Panacea Biotec, the Rs 700-crore drug and vaccine major, is betting big on hospitals. The New Delhi-based company is likely to tap private equity funding for expansion. Last year, Panacea had bought 76 per cent stake in Umkal Hospital, Gurgaon, and is developing a 225-bed multi-super specialty hospital here. This facility, set to begin operations by March 2013, is being developed at a cost of Rs 145 crore. Once the hospital, Panacea New Rise Hospital, starts operations, the healthcare major […]

L&T may acquire stake in Future Generali

After selling a majority stake in his financial services arm, Future Capital, to PE giant Warburg Pincus, Kishore Biyani is getting ready to unlock the value in his general insurance joint venture Future Generali India Insurance Company by selling Pantaloon Retail’s stake to L&T. Founded in 2007, Future Generali is a JV between Future Group and the Generali Group of Italy. The Future Group owns 74 per cent in the company, while the Italian insurer owns 26 per cent. Of […]

Blackstone invests $100 mln in Indian tractor manufacturer

The Blackstone Group has invested $100 million for a 12.5 percent stake in India’s International Tractors Ltd (ITL), the U.S. private equity company said in a statement on Monday. ITL, which manufactures tractors, is the flagship company of India’s Sonalika Group. Source: Reuters