Chinese interest in a takeover of lighting group Osram Licht AG has cooled amid signs of mounting political opposition to Chinese acquisitions in Germany, two people familiar with the matter said on Tuesday. Sanan Optoelectronics and venture capital firm GSR Go Scale Capital Advisors have stopped pursuing a bid for… Read more »
By Chalida Ekvitthayavechnukul
According to PERE, Apollo has so far raised about $300 million, which is a half way of its target for the fund.
GMR Enterprises Pvt. Ltd, the holding company of Hyderabad-based infrastructure conglomerate GMR Group,is in talks to raise around Rs300 crore in structured debt to refinance some existing debt, two people aware of the development said. GMR Enterprises and the promoters own a 60.1% stake in the listed firm, GMR Infrastructure… Read more »
A long-awaited deal for miner Anglo American (AAL.L) to sell its Australian coal assets to a consortium headed by private equity group Apollo Global Management (APO.N) is off, two sources with knowledge of the matter said on Tuesday. Three sources said in October the deal was expected, although one had… Read more »
Selling assets has taken longer than expected as a strong recovery in coal and other commodities this year has reduced pressure on miners to sell, while increasing pressure from shareholders to achieve the best price.
Essel Highways Ltd, a unit of Essel Infraprojects Ltd, is in talks to raise Rs 400 crore from special situations fund Aion Capital Partners, an India-focused fund established by an affiliate of Apollo Global Management, LLC, together with ICICI Venture Funds Management Co. Ltd.
US-based private equity firm Lone Star Funds, is ready to join the league of global players eyeing the multi-billion dollar distressed assets in India. A report in The Economic Times cited sources to say that the firm has drawn up plans to invest around $1 billion to acquire distressed assets in… Read more »
Apollo Global Management has emerged as the front runner for GMR’s Hyderabad airport stake, while three global funds have expressed interest to acquire stake in Edelweiss ARC. Also, two co-founders of Nearbuy are likely to exit the company. Apollo Global front runner for GMR’s Hyderabad airport stake Apollo Global Management is… Read more »
Private equity firms Standard Chartered Private Equity and Aion Capital Partners are investors in Varun Beverages. Standard Chartered invested $48 million and $32 million in the firm in 2011 and 2012, respectively.