|
Asia Alternatives, the largest independent, Asian private equity fund-of-funds, today announced the final close of Asia Alternatives Capital Partners, LP (the “Fund”), with US $515 million of committed capital. The Fund closed meaningfully above its original target of $350 million … […] India Infoline which signed an agreement last year with DSP Merill Lynch to sell its shareholding in subsidiary Moneyline Credit Pvt Ltd (formerly Khambhat Investment & Trading Company Private Limited), has called off the deal citing prolonged delays in completing the transaction. According to a regulatory filings with Bombay Stock Exchange, India Infoline said “owing to prolonged delays in finalisation of the transaction and changed business plans, the MoU was mutually terminated with immediate effect”. […] ICICI Ventures, the country’s largest venture capital firm, is likely to sell its entire 63.3% stake in the publishing company, Infomedia, which is valued around Rs 235 crore at the current market price. Highly placed sources said ICICI Ventures was … […] Zydus group’s Cadila Healthcare has entered into a share purchase agreement with Ambalal Sarabhai Enterprises to acquire the remaining 50% holding in their JV company, Sarabhai Zydus Animal Health. This acquisition will make the company a 100% subsidiary of Cadila … […] Soon after State Bank of India chairman OP Bhatt's announcement of the bank's plan to venture into the private equity (PE) business, SBI Mutual Fund has followed suit. SBI MF said it is venturing into the PE sphere by earmarking … […] HDFC limited may be looking at selling off its stake in its joint venture, Intelenet Global Services, a leading Business Process Outsourcing (BPO) Company. HDFC owns a 50 per cent stake in the venture while the other 50 per cent … […] The US-based venture fund Oak Investment Partners is entering India with a $200-million corpus for the retail sector. It is perhaps the first time that any foreign venture capitalist has shown interest to set up a dedicated fund exclusively for … […] CNBC-TV18 has learned that ICICI Ventures is likely to sell majority stake in Infomedia. ICICI Ventures currently holds 63% stake in Infomedia. Sources say that ICICI Ventures is in talks with the USD 8.5 billion Reed Elsevier Group for the stake sale. ICICI Ventures may sell the entire stake or part of it depending on valuations. The entire stake is valued at Rs 235 crore at the current market price. […] Reliance Capital said on Monday it had bought a 5 percent stake in Network 18 Fincap Ltd., making its second investment in a broadcasting firm in the last one month. Shares of Reliance Capital rose as much as 3 percent … […] Convinced that high returns are sustainable, LPs plan to ramp up investments 78% of LPs surveyed expect to increase commitments to emerging markets private equity over the next five years. LPs project emerging markets private equity will produce returns at a 5.4% premium over U.S. buyouts and expect outperformance relative to developed market funds over the next 5 years. […] |