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Health care to attract more PE investment: Experts

Private equity (PE) investors are bullish on the largely under-penetrated health care industry, which offers high growth opportunities for companies as well as investors.

PE and venture capital firms are largely looking at opportunities in start-ups and smaller, niche companies. For instance, India is known as the diabetes capital and the prevalence of cancer is rapidly on the rise. PE investors have already invested in companies which are into eyecare, diabetes, diagnostics and oncology.

“In the last two years, healthcare […]

Carlyle in talks to buy 28% stake in Trehan’s hospital

Global private equity (PE) major Carlyle is in talks with renowned cardiac surgeon Dr Naresh Trehan to acquire a minority stake in his Gurgaon-based multi-super speciality hospital, Medanta -The Medicity. According to people in the know, Carlyle is keen to acquire 28 per cent stake of Avenue Capital, along with another 10-15 per cent stake owned by Trehan.

Trehan holds 55 per cent stake in Global Hospitals, which owns Medanta, while construction major Punj Lloyd owns another 17 per cent […]

PE investments in 630 companies waiting in exit queue, but bleak economy and muted stock markets spoil plans

Atul Nishar, founder of Hexaware Technologies, has been planning an exit for private equity investor General Atlantic for at least 12 months now. The PE fund’s Rs 300-crore investment made at Rs 142 a share seven years ago is now trading at Rs 118 a share. “Whenever GA wants to sell its stake, we will help find a suitable PE fund to buy it,” says Nishar. Bankers were appointed a while ago to squeeze out an exit. A secondary offer […]

Idea Cellular in talks with PE firms to raise money

Telecom operator Idea Cellular is in talks with private equity firms to raise fund, a top official of the company said on Wednesday.

“I have had chance in last 15 days to meet serious investors, including Fidelity, Blackrock. Almost everybody is taking it (penalty) as part of debt equity for companies, affecting our ability to raise more cash flow,” Idea Cellular Managing Director Himanshu Kapania said at an open house discussion chaired by Telecom Minister Kapil Sibal here.

When contacted […]

ICICI Venture to exit Medica Hospitals

ICICI Venture, which holds close to two-third stake in Medica Synergie, is expected to exit the firm in the next three to four weeks. “A deal is in pipeline and expected to mature in the next three to four weeks in which new investors will come in and ICICI Ventures will exit,” Medica Synergie CEO Ayanabh Debgupta said when asked. Medica Synergie is one of the largest integrated healthcare delivery providers in eastern India managing hospitals with combined capacity of […]

India Ventures to float Rs 1,000-cr healthcare fund

Ajay Piramal Group promoted India Venture Advisors, a healthcare focused venture capital, is planning to launch a Rs 1,000 crore fund.

“We are looking at Rs 1,000 crore fund, of which Rs 500 crore will be from overseas investors to invest in the Indian health-care market,” India Ventures Advisors President Sanjay K Randhar said.

He said the existing Rs 400 crore has been completely invested or committed and a new fund will be unveiled.

“We will be […]

Food majors, PE funds look to snack on Balaji Wafers

Global food majors PepsiCo and Mondelez, along with their Indian counterparts ITC and Britannia, have been approached for a large bite of Balaji Wafers – a 37-year-old homegrown wafer, namkeen and savoury brand that dominates the western states of Gujarat, Madhya Pradesh, Rajasthan, Maharashtra and Goa with over 65% market share. Rajkot-headquartered Balaji, run by the Virani family, has recently mandated Ernst & Young (E&Y) to locate an investor. The company and its advisors are in early-stage talks with several […]

Abu Dhabi’s ADIA Invests $200m In India Real Estate

Abu Dhabi Investment Authority (ADIA) plans to invest about $200 million in Indian real estate, two sources said, underscoring a trend for large Gulf sovereign wealth funds to diversify away from traditional developed markets such as Europe. ADIA, which manages the surpluses the Gulf emirate earns from oil exports, has appointed Kotak Realty Fund, run by Kotak Mahindra Bank Ltd, to invest the money, one of the sources familiar with the matter said. Earlier this month, Oman’s State General Reserve […]

Blackstone to Buy Indian Auto Parts Maker Agile Electric

U.S. private equity firm Blackstone Group LP (BX) has agreed to buy a 98% stake in Indian auto parts maker Agile Electric Sub Assembly Pvt. for 3.32 billion rupees ($56.1 million), triggering a tender offer for a 26% stake in Agile Electric’s locally-listed venture Igarashi Motors India Ltd. (517380.BY), said the manager of the tender offer Wednesday. Blackstone will further invest $33.8 million in the two Indian companies, a person familiar with the matter said late Wednesday. Agile Electric owns […]

Private Equity exits up 38% in April-June 2013: Venture Intelligence

The exit of private equity (PE) firms from their investee companies has shown an upward trend in the quarter ended June 2013, with exits were reported from 29 Indian companies as against 21 exits during the same quarter of last year marking an increase of 38%, says research service firm Venture Intelligence.

The Initial Public Offering (IPO) of internet-based search firm JustDial has fetched over 10x return for one of its PE investor SAIF, while exit of PE investor TPG […]