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

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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

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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

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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

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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

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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

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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

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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 »


India: PE firm Nalanda Capital sells bulk of its shares in lingerie maker Lovable

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Private Equity firm Nalanda Capital has offloaded more shares in Lovable Lingerie Ltd, a Mumbai-based women innerwear manufacturer, after selling around one-third of its entire shareholding last week. Nalanda has almost exited the firm by gradually selling the shares over the past couple of weeks. It further sold 6.13 per… Read more »


India: IFC, Everstone Capital invest $27m in publishing firm S Chand

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Publishing frim S Chand and Company Pvt Ltd has raised $27 million from IFC, the private-sector lending arm of the World Bank, and private equity firm Everstone Capital, the company said in a statement. The company will use the money to scale-up operations in education publishing and the digital education space… Read more »


Warburg Pincus raises $12b for new global PE fund

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Private equity firm Warburg Pincus, an active investor in the Asian region, has raised a big-ticket $12 billion in its latest fund Warburg Pincus Private Equity XII (Warburg Pincus XII), according to an announcement. The PE firm has completed the fundraise for its XII fund in just six months from the… Read more »