Page 7 - Latest Updates on Private Equity
Deal numbers touch a decadal high in April despite Covid-19 pandemic
Achieving market leadership position appeared to be the rationale for the big-ticket domestic transactions
 "Deal numbers touch a decadal high in April despite Covid-19 pandemic")
Zydus Animal Health buyout catapults Multiples into the big league
Multiples' deal ticket size in the first fund was only $30 million and in the second around $50 million
 "Zydus Animal Health buyout catapults Multiples into the big league")
PE funds ready cash, scout for bulk-buying social e-commerce start-ups
Customers get large discounts and the platform enjoys the benefits of scale and lower costs
 "PE funds ready cash, scout for bulk-buying social e-commerce start-ups")
Rationalising regulation
Sebi's proposals are in line with changing investor landscape
 "Rationalising regulation")
Private equity players divided on reason for decline in exit deals
According to data from VCC Edge which tracks PE investments, in the first quarter of the calendar year, the value of total PE exit deals has fallen by 7 per cent to hit $1,938 million
 "Private equity players divided on reason for decline in exit deals")
Blackstone Group elevates India PE head Amit Dixit to head of Asia PE
Under Dixit, Blackstone did many big ticket deals in India, including a deal to acquire Piramal Glass from Ajay Piramal group at an enterprise valuation of Rs 7,500 cr
 "Blackstone Group elevates India PE head Amit Dixit to head of Asia PE")
Tax indemnity clause leads to friction among buyers & sellers of firms
The Centre had allowed the tax dept more time to relook at old transactions
 "Tax indemnity clause leads to friction among buyers & sellers of firms")
Srei Equipment Finance appoints KPMG, DMKH & Co for forensic audit
The company has been in discussions with lenders for debt realignment. But lenders are unlikely to approve it without a forensic audit
 "Srei Equipment Finance appoints KPMG, DMKH & Co for forensic audit")
Tiger Global makes its first India cryptocurrency firm investment
Invests Rs 181 crore in CoinSwitch Kuber in a Series B round of funding, valuing the company at over $500 million
 "Tiger Global makes its first India cryptocurrency firm investment")
Tessolve raises $40 mn from Singapore's Novo Tellus at $100 mn valuation
The funding will be used by Tessolve, a Hero Electronix venture, to drive further growth through acquisitions and organic investments
 "Tessolve raises $40 mn from Singapore's Novo Tellus at $100 mn valuation")
Best of BS Opinion: Rise of risk capital, Covid-19 vaccination, and more
Here's a selection of Business Standard opinion pieces for the day
 "Best of BS Opinion: Rise of risk capital, Covid-19 vaccination, and more")
Rise of risk capital
Private funding is bridging a crucial gap
6 start-ups join unicorn club this week; 150 likely by 2025, say experts
The pandemic is expected to accelerate big-ticket venture capital, private equity as well as consolidation related deals in unicorns and soonicorns in the country
 "6 start-ups join unicorn club this week; 150 likely by 2025, say experts")
Morgan Stanley India Infra invests $21 mn in connectivity solutions co iBus
iBus serves 4 mn customers in 10 cities. It currently deploys its infra at 233 commercial, residential and retail sites across the country
 "Morgan Stanley India Infra invests $21 mn in connectivity solutions co iBus")
PE-VC exits from Indian companies at two-year high after Covid-19 setback
The first quarter of 2021 saw the highest number of exits, both in terms of value and volume, in the past five quarters
 "PE-VC exits from Indian companies at two-year high after Covid-19 setback")
PE funding dips 7.7% to $3.44 bn across 260 deals in March quarter
Fund infusion by private equity funds declined almost 8 per cent in the March quarter this year to USD 3.44 billion across 260 deals, according to industry data.
 "PE funding dips 7.7% to $3.44 bn across 260 deals in March quarter")
India's changing corporate landscape
We are in the early stages of an extraordinary episode of rapid scaling up of new companies
 "India's changing corporate landscape")
CareerLabs raises $2.2 mn from Rocket Internet's VC fund GFC, others
Profile building startup CareerLabs on Monday said it has secured USD 2.2 million in a new financing round led by Rocket Internet's VC fund Global Founders Capital to scale its platform.
 "CareerLabs raises $2.2 mn from Rocket Internet's VC fund GFC, others")
Private equity firms value SP Group stake in Tata Sons at hefty discount
PE players willing to offer credit are asking for two things - a personal guarantee from the SP family, and a pledge of shares in its own group companies.
 "Private equity firms value SP Group stake in Tata Sons at hefty discount")
PE/VC firms' investments increase by 85% to $11.9 bn during Q1FY21
The value of investments in Q1FY21 was also over 58% higher compared to the immediate previous quarter (which saw $7.5 billion being invested across 231 deals)
 "PE/VC firms' investments increase by 85% to $11.9 bn during Q1FY21")