Page 3 - Latest Updates on Private Equity
Kotak arm to raise up to Rs 1,500 crore to invest in PE, VC funds
Kotak Investment Advisors (KIAL) said it is launching the Kotak India Alternate Allocation Fund (KIAAF), a 'fund of funds'
 "Kotak arm to raise up to Rs 1,500 crore to invest in PE, VC funds")
Global PE investors Advent, Carlyle to invest Rs 8,900 cr in YES Bank
The fund-raising plan is subject to shareholder approval at the extraordinary general meeting, to be held on August 24
 "Global PE investors Advent, Carlyle to invest Rs 8,900 cr in YES Bank")
Family offices bet bigger on start-ups, opt for direct investments
Direct investment or co-investing with Indian VC/PE funds in companies is increasingly catching up
 "Family offices bet bigger on start-ups, opt for direct investments")
Number of PE-backed IPOs drop by 50% YoY in first half of calendar 2022
The major PE-backed IPO so far this calendar has been that of logistics major Delhivery. It saw Carlyle, China Momentum Fund, Softbank sell stakes worth $131 mn
 "Number of PE-backed IPOs drop by 50% YoY in first half of calendar 2022")
Centre likely to remove 10% shareholding cap for individuals in PSBs
Removal of threshold may allow PE firms to own over 10% stake in state-run banks
 "Centre likely to remove 10% shareholding cap for individuals in PSBs")
JSW in talks with PEs, foreign banks for Mytrah Energy acquisition
JSW group's JSW Energy has targeted to add 15GW renewables to its portfolio with an investment of $10 billion by 2030
 "JSW in talks with PEs, foreign banks for Mytrah Energy acquisition")
e-con Systems opens new site in Bengaluru, eyes $10 million funding
e-con Systems plans to ramp up employee base by 50%, with focus on salesforce and R&D personnel
 "e-con Systems opens new site in Bengaluru, eyes $10 million funding")
Global investors led by Arpwood buy majority stake in Sterling Hospitals
According to Arpwood Partners, the consortium will now invest in high-calibre clinical talent, infrastructure upgrade and patient service experience, and deliver quality medical care to patients
 "Global investors led by Arpwood buy majority stake in Sterling Hospitals")
IAMAI announces committee to study issues faced by VC firms in India
Softbank, Sequoia, IAN, 3one4 Capital, Eximius, Multiples Alternate Asset Management among others join panel
 "IAMAI announces committee to study issues faced by VC firms in India")
PE/VC investments in May rise 42% to $5.3 bn; dip 29% month-on-month
Real estate and infrastructure sector investments took the top spot in May 2022, recording $1.7 billion in investments
 "PE/VC investments in May rise 42% to $5.3 bn; dip 29% month-on-month")
Bain Capital special situations fund earmarks $300 million for India
The PE major has already pumped in over USD 1.2 billion since its entry into the country over a decade ago.
 "Bain Capital special situations fund earmarks $300 million for India")
Union Bank to raise up to Rs 8,100 cr in capital for business expansion
The lender's board approved raising equity capital up to Rs 3,800 crore, within overall limit of Rs 8,100 crore, said the company in filing with BSE
 "Union Bank to raise up to Rs 8,100 cr in capital for business expansion")
General Atlantic plans $2 bn investment in India and Southeast Asia
Region's startups more attractive, says senior executive of company at World Economic Forum summit in Davos.
 "General Atlantic plans $2 bn investment in India and Southeast Asia")
PE/VC investment for April 2022 declines 27% YoY to $5.5 bn: IVCA-EY report
Fundraises, however, continued to show a healthy trend, with April 2022 recording a total fundraise of $1.5 billion across 16 funds compared to $569 million raised in April 2021 by 8 funds.
 "PE/VC investment for April 2022 declines 27% YoY to $5.5 bn: IVCA-EY report")
PE inflow in realty sector declines 47% to $1 billion in Jan-Mar 2022
The PE (Private Equity) inflows stood at $1.9 billion in the same quarter last year
 "PE inflow in realty sector declines 47% to $1 billion in Jan-Mar 2022")
RIL's massive cash chest to help take on PE suitors for Boots retail chain
Has already acquired online medicine seller NetMeds in India; Boots deal will help it launch NetMeds overseas, bring offline retail chain to India, say analysts
 "RIL's massive cash chest to help take on PE suitors for Boots retail chain")
PE inflows to real estate sector shrank 32% in FY22, says Anarock
Sans portfolio deals, average ticket size reduced to $93 million
 "PE inflows to real estate sector shrank 32% in FY22, says Anarock")
PE inflows in realty sector dips 32% to $4.3 bn in FY'22: Report
Private equity (PE) investments in real estate sector fell 32 per cent to $4.3 billion in the last fiscal year mainly due to the Covid-19 pandemic
 "PE inflows in realty sector dips 32% to $4.3 bn in FY'22: Report")
Top headlines: India's FY21 CEO earnings, Russia's suspension from UNHRC
The insurance regulator wants the removal of the minimum entry capital requirement of Rs 100 crore for setting up business. More on that story in our top headlines.
 "Top headlines: India's FY21 CEO earnings, Russia's suspension from UNHRC")
After a sprint, a pause for breath
2021 not only saw record funding creating a third of the country's unicorns, but also the first major listings, providing new valuation anchors
 "After a sprint, a pause for breath")
