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Construction and realty sector is becoming one of the hottest sectors around with private equity players and FIIs betting on it highly as there is an infrastructure boom in the country. The recent news is that De Shaw, leading US hedge fund with over USD 30 billion in assets, has invested USD 400 million in a DLF group firm that will set up SEZ across the country. Associated Chambers of Commerce and Industry of India, ASSOCHAM, estimates that domestic construction enterprise is poised to grow at 15% per annum from about 10% now to touch USD 120 billion by 2012 from its current size of over USD 70 billion. […]
The growth of private equity (PE) as a separate asset class across the globe in the last few years has been remarkable and highly discussed at various investment opportunity forums. These PE funds were able to successfully attract huge amount of capital from investors such as pension funds, insurance funds, universities, foundations and other investors who were looking for new avenues for investment. Many attribute the success of this new asset class to strong global liquidity and stability witnessed in the world economy. The growth of private equity has reached such a stage where it constitutes a significant portion of global mergers and acquisitions (M&A). In 2006, deal values of global M&A were reported around $3.7 trillion, out of which 25% of the amount was funded through PE. In the earlier years, PE contribution to the total M&A activity constituted hardly 10% of all the M&A deals. These figures speak out the dramatic change this industry has undergone in the last few years. […]
Grameen Bank’s success story and the growth of microfinance institutions have captured the imagination of overseas investors of various kinds. After SKS Microfinance and Share Microfin, Spandana and Basix are the next set of microfinance institutions to be approached by foreign investors willing to infuse capital. Quebec-based co-operative bank Desjardins and Oiko Credit of the Netherlands figure among the list of investors. […]
Though a relatively young industry, the Indian private equity (PE) industry is witnessing an unprecedented growth on the back of a growing economy. Currently one of the fastest growing markets in the world, the Indian PE industry, which took off with the IT and outsourcing boom, is now witnessing large investments across various sectors – manufacturing, engineering, services, lifesciences, retail and infrastructure. […]
It might be a brick-by-brick process but the slowdown in the property market is evident. Industry watchers firmly believe that with the dollar inflow into realty slowing down, land prices will also sober down, reports CNBC-TV18. Private equity firms are playing the wait-and-watch game. Experts say the volume of private equity joint ventures has fallen. And this is because private equity players expect land prices to fall further. […]
The government is reviewing norms for investments by foreign venture capital funds in real estate, after the Reserve Bank of India coming round to the view that such funding is helping create an asset bubble in the sector. There is a view in the government that such funding in the sector should be stopped completely, sources close to the development said. […]
General Electric (GE) Co India is stepping up its real-estate financing in India at a time when concerns about overheating in the sector have prompted the government as well as the Reserve Bank of India to try and curb the flow of money into commercial and residential construction. “We are looking to put to work $2 billion (Rs8,200 crore) in debt and equity across all types of real estate in India: residential, retail, townships and special economic zones (SEZs),” said Tejpreet Singh Chopra in a telephonic interview earlier this month, ahead of being named the new chief executive officer for the American conglomerate's vast and rapidly growing India operations. GE said on Monday that the 37-year-old Chopra will take over on 1 June from Scott R. Bayman, who has been GE’s India CEO for 14 years. […]
Here’s a simple thumb rule for companies looking to pick the right private equity (PE) investor: Count the number of companies in its portfolio that have gone public.
Since February 2005, 22 Indian PE-backed companies have raised $1.58 billion through … […]
The Indian private equity (PE) and venture capital (VC) market has been getting more active by the day. During the last year or so, almost all the major global VC and PE firms have either established an on-ground presence in India or raised significant India-dedicated funds. In 2006, PE/VC investment levels increased by more than 300% to almost $7.5 billion from $2.2 billion in 2005. This quantum leap was not the result of a low base—as 2005 was a record year in itself. […]
$250 mn invested in 11 domestic clean tech firms in 2006. The clean energy business is turning out to be the next big thing for private equity and venture capital investors in India. Investors all over the world are ready to cash in on the clean technology business, thanks to tough postures adopted by the UN and global environment bodies in pushing companies to go environment-friendly. Following the trend, private equity and venture capital funds see big potential for investments in the clean energy sector in India, say industry experts. […]
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