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Asia Pacific mergers and acquisitions (M&As), excluding Japan, surged 50% in the first half of 2007 to a record $253 billion (Rs10.37 trillion), with Australian buyout deals and an overseas push by Indian firms expected to keep activity at high levels. Australia accounted for $76 billion worth of deals in the half, followed by China ($55 billion) and India ($39 billion), according to preliminary data from Dealogic. “This year has been characterized by a good spread of volumes. India’s been very strong and success has begotten success,” said Matthew Hanning, head of Asia Pacific M&A at UBS Investment Bank. […]
Niche segments such as clinical research, online gaming, third-party logistics, mobile handset design and online bill paying firms are increasingly attracting the attention of private equity (PE) and venture capital funds (VCFs) as they view these businesses as sure-shot winners of tomorrow. Clearstone Venture Partners, which has a fund size of $200 million dedicated to high-growth companies in India and the US, has made investments in domestic companies. Its niche plays include Games2Win, an online gaming company, Billdesk.com, an electronic bill-paying company and DGB Microsystems, a mobile handset design company. […]
The focus of Indian airline companies seems to be shifting from chasing consumers to chasing capital. Almost all of them are wooing private equity investors to rope in some money. And while PE players are more than keen to invest in the Indian aviation market, they are holding back. Deccan struggeld for over six months to rope in private equity players, Go Air has been in the market for over a year. In fact, almost all airlines in India have been working hard to crack a deal with investors – but with little luck! […]
The growing global discomfort over private equity (PE) groups is finding some resonance in India, too. Policymakers are planning to monitor their activities and investments to firm up views on whether norms applied on PEs need a review. Several top PE groups such as Blackstone, Carlyle Group, Warburg Pincus, CVC, Actis and Temasek have invested in scores of firms in India, driven by expectations of good returns in an economy growing at over 8% annually. […]
After years of silence, private equity groups are back on the prowl for Indian IT and BPO companies. Here’s why buyout firms are back to cutting deals. Flush with cash, private equity firms are gunning for deals in the Indian IT and BPO industry. After leading private equity firm Blackstone picked up an 80% stake in BPO firm Intelenet, rival PE firms like 3i and Carlyle are said to be in the race for Citigroup's BPO arm. […]
After a bumper year in 2006, private equity fund-raising in India is now seeing a correction. Private equity and venture capital firms have raised $203.1 million till date in 2007, roughly one-tenth of what they had done ($2.2 billion) in calendar year 2006. While 2006 saw plenty of new funds being raised for the India market—an informal estimate puts the total at 17 funds—private equity activity this year will focus less on raising new money and more on the deployment of existing funds. […]
Valuations of Indian BPO firms, among the most expensive globally, have undergone a correction since the beginning of the year making them more attractive to private equity players and others looking for BPO buys in the country. WNS, India’s largest third-party BPO after Genpact, is currently valued at 44 times its earnings, at a significant discount to the price it used to command six months ago, when it was valued at over 63 times its earnings. EXL Services, which is listed on the Nasdaq, has also seen its valuation drop from 36 times its earnings to 30 times its earnings in the same period. […]
Bangalore-based travel portal VIA has sold an undisclosed stake to NEA-IndoUS Capital Advisors for $5 million (Rs21 crore). This is VIA’s (earlier known as FlightRaja) first round of funding after it was formed in November 2005. It joins the ranks of MakeMyTrip and Yatra Online in Delhi and Cleartrip in Mumbai, who also roped in venture capital funding recently. VIA offers travel services, primarily airline ticketing, through multiple channels, namely offline kiosks, mobile, travel agents and the Internet. Founder-CEO, Vinay Gupta was a consultant at Credit Suisse First Boston before starting VIA. Former Thomas Cook India chief, Ashwini Kakkar, is an investor. The company books 5,000 tickets a day and will use the funds’ infusion to expand its activities into railway and bus ticketing and car rentals. […]
India’s SMEs are no longer depending on banks for funding. Now, leading investment houses and private equity, or PE funds are cashing in on the funding needs of the SMEs, reports CNBC-TV18.
PE funds have started lining up at the doors … […]
Indian companies are evoking significant interest from overseas private equity investors with an inflow of $ 3.5 billion (about Rs 14,500 crore) during the first four months in this year.
This inflow is about half of that registered during 2006…. […]
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