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Private equity firms are deferring investment plans in India or bargaining for a bigger pie of the business citing global economic slowdown and growing uncertainty in domestic markets.
“A lot of investments which are at the term-sheet level have been deferred as investors are now reluctant to buy stake at such high valuations in this tough market,” said Bala Deshpande, senior managing director at US-based venture capital fund New Enterprise Associates (NEA). PE deals fell to an eight-month low of […]
Carlyle, New York Life PE in talks to invest $100 million in parent, arms.
Everonn Education, India’s largest technology-enabled education firm, is getting ready to enroll more global marquee investors.
Two months after the Dubai-based Varkey Group came on board, global private equity majors — Carlyle Group and New York Life Capital Partners — are in advance talks with the company to pick up a stake, said two people following the development. Once completed, it could be the largest private […]
Invests Rs 15 crore with a premium of about 100% over current share price.
Belgium-based private equity player Incofin has picked up about 25 per cent stake in Arman Financial Services Ltd, a micro finance institution (MFI) and non-banking finance company (NBFC) for a consideration of Rs 15 crore (approx. US $ 3 million).
The board of directors of Ahmedabad-based Arman has approved preferential share allotment to Incofin, which took the equity stake at Rs 56.95 per share, nearly 100 […]
Private equity (PE) players in India, facing intense competition to find the right deals, have set their eyes on a relatively new sector — defence & aerospace. These firms are keen to invest in unlisted private companies and expect possible expansion in defence budget, as well as increased participation from the private sector.
According to a recent report from Centrum Broking, Indian companies in the defence sector are poised for a sustained break out and address a $54-billion opportunity by […]
Troubled investments have claimed the second big victim in the Indian private equity space. On the heels of Lilliput, where marquee names like TPG and Bain Capital are stuck in a messy legal battle, Morgan Stanley Private Equity is staring at a Rs 200 crore loss.
Its first and only investment in India out of its Asia-dedicated fund has gone bad. Biotor Industries, a Mumbai-based biofuel company, in which Morgan Stanley had picked a significant minority (over 30 per cent) […]
The marriage of convenience lets private equity funds deploy some of their $20 billion in uninvested capital in liquid holdings at increasingly attractive valuations in a country where buyouts are rare and companies go public early.
More such deals are on the way, with at least $750 million being raised by funds that target listed Indian equities.
“Unfortunately, Indian companies tend to go public much faster, much earlier in the stage of growth. So yes, India is more conducive in […]
Kingfisher Airline’s embattled chairman said he is close to sealing a $370m deal with an Indian private investor and a banking consortium that would save his cash-strapped carrier.
Vijay Mallya said in an interview with the Financial Times he would soon close a deal with 14 banks led by State Bank of India, the country’s largest lender by revenues, that would provide the airline with working capital – a short-term loan for the running of the company – of […]
Global consulting firm Nomura Research Institute (NRI) today said it has decided to acquire 25.1% stake in Market Xcel Data Matrix for an undisclosed amount. “Interest in the Indian market is growing among many Japanese companies…NRI will provide them with much quicker and more elaborate research and consulting services, with our partnership with Market Xcel, we see great value coming to our efforts in this direction,” NRI Director and Corporate Senior Vice President Shiro Tanikawa said in a statement. The company however did not disclose financial details. NRI's Indian subsidy will start operating in November, 2011. At first, it will have 10 staff members, but this figure will rise to around 30 after five years, it added. […]
Mergers and acquisitions (M&A) in India have slumped by 41.5 per cent to $26.8 billion during first nine months of 2011 as rising interest rates and uncertainties in the global economy dampened sentiments, a report showed Friday. During January-September 2011 period, 177 mergers and acquisitions deals, valued at $26.8 billion, took place which is 16.9 per cent lower in volume and 41.5 per cent lower in terms of value when compared to the same period in 2010, according to data compiled by mergermarket, an independent mergers and acquisitions intelligence firm. Inbound deals accounted for 88.1 per cent of all Indian M&A activity, four times that of Indian investments overseas. Inbound deals stood at $7.32 billion in July-September quarter as compared to $2.65 billion in the previous quarter. […]
UTV Software Communciations has acquired the promoter and employee shareholding of 30.02 per cent in Indiagames — mobile and online gaming developer and publisher — for Rs 94.56 crore. Walt Disney already owns majority stake in Indiagames, as it acquired media conglomerate UTV in a Rs 2,000-crore deal in July this year. This values Indiagames at Rs 300 crore, six times its FY10 revenue of Rs 54 crore, making the deal one of the largest in the Indian gaming space. Disney will own 86.02 per cent stake in the company from its earlier 56 per cent. An announcement from UTV on the Bombay Stock Exchange said it was also in talks to acquire the 14 per cent stake from other investors. […]
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