The discussions for launching the Asia infrastructure fund are on and the firm will reach out to investors.
Everstone Capital has hired UK-based Kiddy and Partners to assist with restructuring of private equity business
The sale of starch production business will help EICL reduce debt to some extent.
Investcorp has clubbed the smaller investments of IDFC PE and is on a lookout for a potential buyer for the portfolio
Sidbi has backed eight social impact funds, committing around ₹365 crore from its fund of funds. Aavishkaar Bharat Fund, Omnivore Partners India Fund II, Samridhi Fund and Menterra Social Impact Fund are some of the funds which have received funding from Sidbi.
Standard Chartered Bank has approached the dedicated bankruptcy court by filing caveat petition in the Essar Steel insolvency case as dissenting financial creditor, so that it can be heard before the tribunal decides on the bid of ArcelorMittal.
TPG-Manipal is the only party that is actively pursuing Medanta after Malaysia’s IHH Healthcare Bhd withdrew its non-binding bid following its acquisition of Fortis Healthcare.
The move raises ArcelorMittal’s total bid for Essar Steel to ₹50,000 crore ($6.8 billion).
Tripathi’s appointment comes at a time when the PE firm is increasingly looking at buyout opportunities in India.
For its India infrastructure business, KKR has hired Hardik Shah from investment management firm Brookfield Asset Management, where he was responsible for sourcing and executing infrastructure deals.