Navis Capital exits Golden Foods Siam selling out to Brazilian’s BRF for $360m

By
Posted

BRF SA is the largest processed food maker in Brazil and the world’s largest processed chicken exporter.

India: PE firm ChrysCapital to buy Sequoia’s 10% stake in GVK Bio for $25m

By

Private equity firm ChrysCapital is buying a 10% stake in Hyderabad-based contract research company GVK Biosciences for about $25 million, as per a report in The Times of India. The deal between ChrysCapital and GVK Bio was recently given a green light by the Foreign Investment Promotion Board, the nodal… Read more »


Indian PE funds raised $2.9b in 2015. Tally set to rise to S4.4b in 2016

By

Home-grown private equity funds (PE) have raised $2.9 billion in 2015 from offshore and domestic investors, according to data compiled by Mint. The tally is set to rise in 2016 going by the number of funds which plan to go on the road next year to raise fresh capital. At… Read more »


India: AMP Capital to exit Gayatri Infra Ventures in $6.5m deal

By

Priavte equity firm AMP Capital is selling its entire 29.41% stake in Gayatri Infra Ventures Ltd to Gayatri Projects Ltd for nearly $6.5 million (Rs 43.3 crore), according to a stock market disclosure. Gayatri Projects will acquire 5,20,833 equity shares of Gayatri Infra held by AMP Capital Mauritius Ltd at… Read more »


India: HDFC chairman’s son Siddharth Parekh forays into private equity with $200m fund

By

Siddharth Parekh, the younger son of Deepak Parekh, chairman of India’s largest mortgage lender Housing Development Finance Corp. Ltd (HDFC), has made an entry into the country’s private equity sector with a $200 million fund. Parekh has launched Paragon Partners with his friend Sumeet Nindrajog. The firm, registered with the… Read more »


India: PE firm Clearwater Capital Partners to sell 24% in Jamna Auto

By

Private equity firm Clearwater Capital Partners has hired investment bank ICICI Securities Ltd to sell its 24% stake in auto component maker Jamna Auto Industries Ltd, three persons familiar with the development said, adding that Reliance Capital Asset Management Ltd is among top mutual funds and financial institutions that have… Read more »


5 reasons why PE funds are opting for more control over investee companies

By

Check out the deals below and you will find that all of them had one thing in common: the private equity firm chose to take a controlling stake.   That in itself is not unusual — PE firms have taken over companies in the west — but in India, the… Read more »


India mulls $1b private equity fund for clean energy

By

The Indian government is planning to set up a big-budget $1-billion private equity fund focussed on investing into the renewable energy space. This was announced by union power and coal minister Piyush Goyal at an event ahead of the Paris climate talks that begin on Monday. Indian public sector companies… Read more »


India: Over $500m PE investments stuck in legal disputes, yet new startups hold out hope

By

The case of Lilliput Kidswear, a Delhi-based children’s clothing company, four years ago highlighted the legal quagmire that private equity investors can sink into if due diligence of accounts was not done at the time of investment. The company, founded by Sanjeev Narula, was a rising star in 2011 when Bain… Read more »


India: Warburg Pincus in fray for 69% in pharmacy chain MedPlus

By

Global private equity major Warburg Pincus has joined in fray to acquire a controlling stake in India’s second-largest pharmacy retail chain MedPlus Health Services Pvt. Ltd, according to a report in The Economic Times. Others already in the race for 69% stake in MedPlus are rivals General Atlantic and Bain… Read more »