By Nguyen Thi Bich Ngoc
Sunrise Capital, CLSA Capital Partners’ dedicated investment strategy for Japan, has raised approximately $1 billion to date.
Vodafone Idea’s net debt stood at Rs 1.2 trillion as of September and the company urgently needs to shore up its equity base.
This is the fifth carve-out deal in the last two years by CITIC Capital.
The company operates more than 350 KFC, Pizza Hut and Taco Bell restaurants across India, Sri Lanka and the Maldives.
The fund is targeting to make a final close by the end of first quarter next year.
The deal could be in excess of $1.8 billion.
Blippar is said to have sunk into insolvency following a dispute between its investors.
Bain Capital raised $4 billion from external investors and $650 million from itself and related parties.
The global fund, which exceeded its initial target of $800 million, received strong demand from investors across the globe.
The US private-equity firm is considering buying Punjab National Bank’s shares in PNB Housing, which would give it a controlling stake.