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A realty fund managed by Motilal Oswal Private Equity Advisors (MOPE) on Thursday said it has tied up with two realty players to develop a 16-acre land parcel in Pune. The land, located at Somatane on the city outskirts, has an estimated development potential of 7 lakh square feet, MOPE said in a statement. Its India Realty Excellence Fund has formed a joint venture along with realty players Supreme Universal and Mirchandani Group, it said. The joint venture will build […] Peepul Capital LLC, a Hyderabad-based private equity fund, is likely to invest Rs 500-Rs 1,000 crore in debt-ridden Deccan Chronicle Holdings Limited (DCHL), which publishes English newspapers Deccan Chronicle, Financial Chronicle and Asian Age, and Telugu daily Andhra Bhoomi. When contacted, Peepul Capital Managing Director C Srinivasa Raju said the company was willing to invest in Deccan Chronicle Holdings. However, he declined to specify the amount. “Our investment in DCHL would be from our $700-million fund (which includes $100 million […] Private equity activity in India witnessed an uptick in August with a combined deal value of $1.8 billion, the highest so far this year. Out of 38 deals, Bain Capital’s acquisition of a 30 per cent equity stake in Genpact for $1 billion was the highlight, accounting for over half the cumulative deal value, according to research and consultancy firm Grant Thornton’s latest ‘Dealtracker’ report. IT, ITeS lead The Bain-Genpact deal enabled the part-exit of Genpact’s existing investors, General Atlantic […] Sovereign fund Temasek Holdings is in talks with Actis to acquire the latter’s stake in Bangalore-based retail chain Nilgiris Dairy Farm. Sources in the know, however, say a dispute between Actis and the promoters of Nilgiris is likely to disrupt the talks. Actis, which had acquired a stake of about 51 per cent in Nilgiris for Rs 300 crore ($65 million) six years earlier, had, in the recent past, increased the stake to 67 per cent. Though Actis has been […] The ongoing turmoil in the Indian coal sector is not merely about suspect allocations and inept domestic companies that have failed to utilise their captive assets. At stake is also about $1.8 billion of private equity (PE) money that has been brought into the thermal power sector between 2008 and 2012, according to Venture Intelligence, a research service focused on PE and M&A. Of this $1.8 billion, Blackstone Group, the New York Stock Exchange-listed global investment and advisory firm, has […] Indian companies are mulling overseas listing to pave the way for smooth exit of their Private Equity (PE) investors, experts say. A large number of international PE funds made investments in India during 2006 to 2008, but they are holding on to their portfolios firms for lack of good exit opportunities. According to investment bankers, some possible listing candidates include mobile software companies like InMobi, IMIMobile, One97 Communications, iYogi, online travel portal Yatra.Com and e-commerce players like Flipkart and SnapDeal. […] Short-stay surgery provider Nova Specialty Surgery has raised 300 crore from Goldman Sachs and existing investor New Enterprise Associates, to expand its network of centres and fertility clinics in the country. The private equity arm of Goldman Sachs Group, which led the round, has invested 220 crore for a 26% stake in the company that makes it the largest shareholder. Other investors in the company include Omani industrial group OMZEST and GTI Group, a New York-based investment firm. “It is […] Gita Piramal, business historian and the author of Business Maharajas, has divested her entire 95% stake in office furniture company BP Ergo for an undisclosed amount to American furniture major HNI Corp. Investment banking officials said the total enterprise valuation of the company is around Rs 200 crore. The deal will help the world’s second largest furniture company to own capacities capable of providing furniture to two lakh people annually in a fast-growing market like India. BP Ergo’s manufacturing facilities […] The gloom on the economic front both domestically and abroad has resulted in private equity investments in the country falling 35 per cent during the April-June quarter, a report has said. Private equity funds invested USD 1,616 million in 97 deals during the quarter, which is 35 per cent lower in value terms and 23 per cent down when compared with number of deals, the report by consulting major PwC has found. “As the global economic environment continued to remain […] Piramal Enterprises, of the Ajay Piramal-led group, joins the list of Indian companies that see a growing opportunity in the Defence sector. It has picked up a 27.83 per cent stake in Bluebird Aero Systems, an Israel-based unmanned air systems manufacturer, for about Rs 40 crore ($7 million). Bluebird is set to bid for contracts in India. Piramal’s deal with Bluebird Aero Systems is considered unique as the company is an initiative of former engineers of the Israel Defence Forces. […] |