|
Corporate India announced deals worth $20.4 billion in the first quarter of this calender year, a tad lower than $21 billion in the year-ago period, global consultancy firm Grant Thornton said. The first quarter of 2012 witnessed deals worth $20.4 billion, out of which M&A was $18.27 billion, PE was $2.01 billion and qualified institutional placements worth $0.1 billion, the report said. Though in terms of value, there has been a decline, in terms of number of deals there has […] Private equity (PE) investment fell to $1.88 billion across 90 deals during the quarter ended March this year, less than half compared to the same period last year. This was the third consecutive quarter of deceleration, says a report from research firm Venture Intelligence. During the first quarter of calender year 2011, private equity firms had invested $3.61 billion across 107 transactions. Venture Intelligence said there has been a dearth of mega deals during the quarter, which was the main […] Private equity (PE) capital infusion into Indian real estate dropped by almost 36% between January and March from a year earlier, as funds opt to spread their risks and invest in smaller deals. PE funds invested $279.53 million across 12 real estate deals in the first three months of this year, compared with $431.9 million across 10 deals in the same period last year, according to data provided by VCC Edge, a research platform that tracks investments. Among this year’s […] Making registration for private equity (PE), venture capital (VC) and hedge funds compulsory under new norms, capital market regulator Securities and Exchange Board of India (SEBI), has ensured that pooling of investors’ money in India is regulated and investors are not kept in the dark about their investments. “The regulator wants to ensure every pooling of funds in India is regulated and investors should know where the money will be invested,” said Avinash Gupta, leader, financial advisory, Deloitte India. The […] The Securities & Exchange Board of India, or Sebi, may relax rules stipulating minimum contribution by the sponsor or promoters in a private equity fund after hectic lobbying by the PE industry. New SEBI rules may peg the minimum contribution at 2.5% of the fund corpus as against 5% proposed earlier. Globally, it is an established industry practice for a general partner or promoter to contribute a certain percentage to show commitment. Though not mandatory in most markets, the […] The Reserve Bank of India’s new norms for gold loan companies are a heavy blow to private equity players in India. The move to restrict loans by gold finance firms to 60 per cent of the value of jewellery pledged as collateral may have a huge impact on the revenue of gold loan-lending firms such as Manappuram Finance and Muthoot Finance. Both firms have a major exposure to private PE and venture capital firms.On Wednesday, shares of both went down […] At a time when the government has renewed efforts to build a consensus on multi-brand retail FDI, private equity investors are stepping up investments in the logistics sector, seen as a key gainer if the policy gets through. The latest in the series of deals is an investment by US-based General Atlantic LLC, which manages approximately $17 billion in capital globally, in bulk logistics solutions provider Fourcee Infrastructure Equipment Pvt Ltd. While the exact investment amount was undisclosed, General Atlantic […] Private equity-backed companies will potentially drive the primary market as their PE investors will look to exit with decent returns in the next few years. The trend will mostly be evident among small-and medium-sized companies which have achieved the targeted revenues and where the growth potential is high, according to investment bankers. Mumbai-based Broking and investment banking firm Anand Rathi Financial Services has shortlisted some 78 unlisted companies in which many leading PE investors bought stakes in the past, and […] The global private equity (PE) majors are changing their strategy a bit on their investment in the listed space. The PE majors are reducing their exposure to the large-cap listed companies, as the stock market has broadly been in the recovery mode lately. Simultaneously, they are stepping up presence in similar mid-sized companies. Last month, PE majors Carlye and Warburg Pincus had, in two separate deals, made a partial exit from their investments in India’s leading mortgage lender HDFC Ltd […] India continues to be a small- to medium-sized deal market, with SMEs continuing to be the backbone of most PE investment portfolios in India, according to a recent report by Protiviti Consultants and the Asian Venture Capital Journal. The report, India Investment Opportunity: An Insight, based on a survey of PE fund executives, said that 48 per cent of respondents felt SMEs presented a better value opportunity than other categories of companies, while 40 per cent said it would depend […] |