Search Results for:Reghu Balakrishnan

True North in talks to buy 26% stake in Federal Bank’s NBFC

True North, an active investor in NBFCs, bought a majority stake in Mumbai-based Home First Finance Co. India Pvt. Ltd for $100 million last year.

India: Warburg set to exit Avtec, sell 30% stake to promoter C K Birla Group

In the last couple of years, Warburg Pincus has seen several exits (part or complete) from its Indian portfolio.

India: PE firm Kedaara Capital may buy Munjals’ Sunbeam Auto for $100m

If the deal materializes, this would be Kedaara’s second investment in an auto parts maker. Kedaara used to own Bill Forge and sold it to Mahindra CIE Automotive for Rs1,330 crore in a cash and stock deal in 2016.

Multiples CFO and MD Prakash Nene resigns from private equity firm

Nene’s exit comes at a time when Multiples has started its roadshow to raise its third offshore fund with a size of $1 billion.

Blackstone’s new $4b Asia-focused fund gives India top billing

Besides India, the fund will look at investment opportunities in China, Australia, Japan and South Korea.

India: GE Energy-backed Atria Power plans $500m bond sale

Atria plans to develop 1,000MW of power projects with an investment of Rs3,000 crore over the next five years.

India: Manipal Group submits revised offer for Fortis hospitals

The revised offer pegs Fortis hospitals’ equity valuation at Rs6,061 crore (Rs116 per share)—an upward revision of about 21% from the previous offer.

IndiGo parent in race to buy Hyderabad office asset WaveRock

A JV of Shapoorji Pallonji and Allianz Group, and Canada Pension Plan Investment Board are the other two top bidders for the property

India: Apax Partners acquires TPG Growth-backed Healthium MedTech for $350m

TPG arm owns 73% in the firm; CX Partners holds 12%. Promoters own the rest.

Brookfield said to be close to acquiring ICICI Tower in Hyderabad

Brookfield, which owns $250 billion of assets worldwide, has been on an expansion spree in India with multiple buyouts in the recent past.