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Kolhapur-based Ratnakar Bank Ltd is set to raise Rs.330 crore from a group of domestic and global private equity (PE) investors by issuing 30 million new shares, pegging its value at Rs.2,500 crore. Domestic investors Aditya Birla PE, ICICI’s Emerging India Fund, IDFC Spice, Ascent Capital and Faering Capital have confirmed they will invest in the bank, a top Ratnakar Bank official said, declining to be identified because the deal has not yet been sealed. International Finance Corp., a member […]
L Capital, the private equity arm of LVMH, the world’s biggest luxury goods group, is vying with Kohlberg Kravis Roberts & Co (KKR) to buy up to Rs 400 crore stake in homegrown slimming and beauty services chain VLCC, said at least two people familiar with the matter, adding that the company is worth more than $300 million. India-focused investment house ChrysCapital is another contender with the promoter, the Luthras, and existing investor Evertsone Capital short-listing three suitors, as they […]
Bani Banerjee, a veteran of 17 years with The Chatterjee Group (TCG), is launching two private equity funds to tap opportunities in Indian real estate, hotels, and film and entertainment sector. Banerjee, who quit as executive director and chief investment officer of TCG Real Estate in mid 2012, is launching a $200 million (Rs 1,060 crore) special situations fund which will invest in both hotels and real estate sectors and Rs 200 crore film and entertainment fund. The special situations […]
The logistics sector in India continues to see investments from large private equity (PE) investors. In the latest event, Everstone Capital, which has assets under management worth is $1.7 billion (Rs 9,141 crore), has acquired a significant minority stake in Transpole Logistics. The deal size is learnt to be around Rs 220 crore. Headquartered in New Delhi, Rs 500-crore Transpole has a presence across India and in other regions such as China, South Korea and South-east Asia. Founded in 2004 […]
Turkey’s Trakya Cam Sanayii AS, sixth largest global player in float glass, plans to manufacture automotive glasses as well as set up more float glass facilities in India following picking up of a stake in HNG Float Glass Ltd, which has a plant in Gujarat. Hindusthan National Glass & Industries Ltd (HNGI), the largest glass bottle maker in the country, on Friday announced the company and its promoter, the Somany family, are divesting 42.6% stake in HNG Float Glass (HFG) […]
Private equity firms including Singapore state investor Temasek Holdings and KKR & Co are separately in advanced talks to buy Warburg Pincus LLC’s majority stake in Indian tyre maker Alliance Tire Group for about $400 million, three sources with direct knowledge of the matter said. Other interested bidders include US private equity firms Advent International and TPG Capital, said the sources, all of whom declined to be named as the details of a possible deal are not yet public. Alliance […]
The Burman family, promoters of consumer goods company Dabur India, has acquired a minority stake in DMI Finance, a non-banking finance company (NBFC). The investment marks the Burman family’s entry into the NBFC market and secured lending space. As a result of the investment, Gaurav Burman — who has 20 years of experience in the financial services industry — will join the board of DMI. Established in 2009, DMI Finance was founded by Yuvraj C. Singh and Shivashish Chatterjee, both […]
ICICI Venture (I-Ven), one of India’s largest private equity entities, was able to raise funds faster last year. In 2012, it successfully closed a $100-million (Rs500 crore) second real estate fund, the India Advantage Fund Real Estate Series 2. Through its real estate and other funds, it raised $700 million last year. I-Ven made two investments from the new realty fund. One was in a group housing project in the National Capital Region (NCR) region, being developed by Advance India […]
Aggregate private equity investment in India last year declined by 15 per cent to USD 8.85 billion due to “adverse sentiment”, consultancy firm PwC today said. “Aggregate PE investments declined 15 per cent, at USD 8.85 billion across 406 deals, compared to USD 10.35 billion from 481 deals in 2011…the adverse sentiment significantly impacted PE investments for the year,” it said in a report. “(a) factor which caused a lot of grief to the investment community was the complete policy […]
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 […]
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