Search Results for:Deborshi Chaki
Eight Capital was one of the early entrants in India’s distressed assets space. Its first fund, Eight Capital Special Situations and Distressed Fund, was launched in January 2006, seeded by JP Morgan.
The 4% stake sale is part of the pre-offer valuation exercise of SBI General Insurance before its planned initial public offering (IPO) by the end of March this year.
AION Capital is a joint venture between US-headquartered global private equity fund Apollo Global and domestic alternative assets manager ICICI Venture. AION had closed its maiden fund in 2014 at $825 million.
The other potential bidders are German airport operator AviAlliance, India’s sovereign wealth fund National Investment and Infrastructure Fund (NIIF) and Abu Dhabi Investment Authority (ADIA).
The funds will be used to buy out some of its private equity investors before a planned initial public offering (IPO) later this year.
All three bidders are expected to submit binding bids by 15 September, the deadline set by the investment bankers—JP Morgan and Lazard.
The fundraising is crucial for the airline, owned 24% by Etihad Airways PJSC of Abu Dhabi, as it faces several challenges including a surge in fuel prices, a weaker rupee and intensifying competition.
The potential transaction would mark Carlyle’s foray into the bankruptcy space where several large assets have changed hands in the recent months.
TPG Capital and Baring Private Equity Asia are looking to buy 51% stake in PNB Housing Finance valued at ₹ 10,281 crore at current prices.
Aditya Birla group has incorporated a separate entity under its US-based subsidiary, Novelis Inc., which will act as the bidding company.