ChrysCapital managing partner Kunal Shroff discusses how the PE firm clinched the Mankind Pharma deal at the last minute and potential investment opportunities in the distressed space.
For any newbie fund to be in business, the most important task is to raise third party capital—also an external factor not in one’s control.
Many new firms, such as Epiq Capital ($100 million), Pravega Ventures ($30 million), Fireside Ventures ($52 million) and Fundamentum ($100 million) were set up recently.
The acquisition will help Prataap Snacks foray into Gujarat, the largest snacks market in the country.
Nearly 65% of the second fund has been invested. The PE firm is likely to close two more deals before launching its third fund.
The acquisition of SPI, the largest cinema exhibitor in south India, will make PVR the seventh largest cinema exhibitor in the world.
This is the largest buyout by a private equity firm in India’s environmental services sector. The acquisition will be done through a combination of primary and secondary investments from KKR’s Asian Fund III.
Acquisition of Kaveri Seeds is likely to help UPL to enhance its GMO seed portfolio at an affordable valuation.
Mandala Capital is said to be looking to exit its entire 15% stake in Jain Farm, targeting a little over 2.5 times returns.
IFC said the housing finance subsidiary of Mahindra Finance will utilize the funds to offer small home loans.