December 2012
« Nov   Jan »

Contact us

PE pours money into India health care

Private equity funds quadrupled their investment in India’s primary healthcare, betting the sick and ailing will stop seeing family doctors in often cramped and dingy quarters and check into modern chains sprouting up across Asia’s No.3 economy. Goldman Sachs Group, Warburg Pincus LLC, Sequoia Capital and the Government of Singapore Investment Corp are among investors that pumped $520 million into India’s basic healthcare industry this year, compared with $137 million in 2011, according to Thomson Reuters data. Some analysts predict […]

Private equity firms’ money stuck in Asian Genco projects

In May 2010, Singapore-based Asian Genco Pte Ltd announced it had secured investments worth $425 million from a clutch of marquee private equity (PE) funds, to invest in the Indian power sector. It was a big surprise. The funds included General Atlantic, Morgan Stanley, Norwest Partners, Everstone and Goldman Sachs, and not many had heard of Asian Genco. The financing by the PE biggies was the biggest equity transaction in the power sector till 2010 and touted as endorsing the […]

Sesa acquires balance 49% stake in Liberia project for $33.5 mn

Vedanta Group firm Sesa Goa on Friday said it has acquired remaining 49 per cent stake in Liberia’s Western Clusters project for USD 33.5 million (about Rs 185 crore). “Sesa Goa has acquired the remaining 49 per cent of the outstanding common shares of Western Cluster Ltd (WSL) from Elenilto Minerals & Mining LLC Delaware, for a cash consideration of USD 33.5 million,” the company said. Post this transaction, Sesa’s shareholding in WCL rose to 100 per cent. The company […]

Canbank VC invests in Scotts Garments

Canbank Venture Capital Fund Limited (CVCFL), a subsidiary of Canara Bank, has picked up 6.11 per cent stake in Bangalore-based Scotts Garments Limited for Rs 20 crore. The CVCFL has made the investment through its Emerging India Growth Fund, a Rs 500 crore fund. Scotts Garments, promoted by Naseer Ahmed in 2002, is a 100 per cent exp-ort oriented unit with rea-dymade garment manufacturing facilities at Bangalore and processing unit at Tirupur in Tamil Nadu. The company has been exporting […]

Dalmia Cement takes a further 26 percent stake in Calcom Cement India Ltd

Dalmia Cement (Bharat), has added a further 26% to its stake in Kolkata-based Calcom Cement India Ltd at a price of Rs.77.16 crore (US$14 million). Perhaps most interestingly, since taking a 50% stake in Calcom Cement in January 2012, Dalmia has changed its stance on the overall value of Calcom. This new deal places a value of Rs.296 crore on the company, as opposed to the previous deal, which valued it at Rs.576 crore. As with the previous deal though, […]

Private equity slipping away

There is a distinct lack of buzz on the private equity front in the third quarter in India. Investments by private equity and even the smaller angel investors who incubate start-ups are plunging mostly because exits remain difficult. As per latest figures from the Emerging Markets Private Funds Association, private equity investments in India are down to just $2.06 billion in the first three quarters of the calendar year as against $6.17 billion in 2011 and $6.22 billion in 2010. […]