India: Distressed asset funds eye buyout deals ahead of bankruptcy process


In a recent deal, India Resurgent Fund (IRF), a JV between Piramal Enterprises and Bain Capital Credit, invested Rs 800 crore in Archean Chemical Industries Ltd, buying out its lenders

India: SeaLink Capital buys OrbiMed stake in Surya Children’s Medicare, injects $30m

This is SeaLink’s second deal from debut fund after NephroPlus Health in August 2016.

India: TPG’s Growth’s The Rise Fund invests $70m in solar power co Fourth Partner Energy

In 2015, the Hyderabad-based solar energy company had raised $2 million from clean tech fund, Infuse Ventures and others.

India Digest: PE majors eye Sai Life stake; Blackstone, Embassy target $1b REIT listing

The PE firms are looking to acquire Tata Capital’s 33 per cent stake in Sai Life Sciences for around $130 million.

India: Bajaj Electricals to acquire cookware brand Nirlep Appliances for $6m

Nirlep will become a wholly owned subsidiary of Bajaj Electricals following the deal

Can Ola, Uber merger help the Indian firm cut mounting losses?

Losses, which exclude net interest income, tax and notional losses on derivatives contracts, were well over three times revenue.

Cisco aims to invest $200m on startups globally, including India, in 2018

Cisco Systems Inc., which has acquired over 200 companies over the past three decades.

India: Snapdeal,’s turnaround man Jason Kothari joins Infibeam as president

Former CEO, Kothari was earlier the CEO and vice-chairman of US-based entertainment company Valiant Entertainment.

Indiamart plans to raise up to $89m through IPO

Indiamart could file its draft red herring prospectus as early as next month.

Japan’s SoftBank to invest up to $100b in Indian solar power projects

The company is expected to make the investment through a fund backed by Saudi Arabia’s government.