Pe Firms
Yes, PE ownership of airports works and there is research to show it
It turns out that PE funds, while doing some nasty things like raising charges and sacking people, do manage to improve the efficiency of the airport and the services it offers
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")
Paytm debacle more about pricing, won't impact start-up IPOs: PE/VC firms
They say Paytm's poor show is a reflection of just one company that didn't do well, many other IPOs like that of Zomato have been strong
 "Paytm debacle more about pricing, won't impact start-up IPOs: PE/VC firms")
PE firm Kedaara invests in product engineering services company GS Lab
Kedaara has acquired a significant minority stake in the company, but the financial details of the deals were not disclosed
 "PE firm Kedaara invests in product engineering services company GS Lab")
Covid-19 pandemic: PEs pour $584 million into healthcare in 2021
Highest investment in the sector in last 5 years; pandemic expands opportunities
 "Covid-19 pandemic: PEs pour $584 million into healthcare in 2021")
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 firm Advent pares holding in CG Consumer, sold 6% stake in two tranches
Raises Rs 1,492 crore from deal; Societe Generale picks up 0.62% for Rs 153 crore, identity of other buyers not known
 "PE firm Advent pares holding in CG Consumer, sold 6% stake in two tranches")
Wells Fargo in talks to sell asset management business to PE firms: Report
(Reuters) - Wells Fargo & Co is in exclusive talks to sell its asset management business, which manages more than $607 billion on behalf of customers, to a private equity consortium led by GTCR LLC and Reverence Capital Partners LP, according to people familiar with the matter.
 "Wells Fargo in talks to sell asset management business to PE firms: Report")
Private equity firm Stakeboat Capital floats fund for raising Rs 1,000 cr
Fund-II will remain focused on investing in growth equity in SMEs in the form of control and buyout transactions, the Bengaluru-based company said in a statement
 "Private equity firm Stakeboat Capital floats fund for raising Rs 1,000 cr")
PE firm KKR picks up 1.28% stake in Reliance Retail for Rs 5,550 crore
Second PE deal in two weeks; valuation same at Rs 4.2 trillion
 "PE firm KKR picks up 1.28% stake in Reliance Retail for Rs 5,550 crore")
PE firm TPG Capital asks Puneet Bhatia to honour shareholders' verdict
According to sources, TPG, which has investments in several firms domestically as well as globally, doesn't want to be at odds with voting advisory firms and shareholders over any governance issues
 "PE firm TPG Capital asks Puneet Bhatia to honour shareholders' verdict")
Clermont Group likely to join Clix Capital in Lakshmi Vilas Bank deal
PE firm may infuse $150-200 million for up to 20% stake in bank before merger
 "Clermont Group likely to join Clix Capital in Lakshmi Vilas Bank deal")
Revised inter-creditor pacts may do away with need for 66% lenders' nod
Banks will be able to customise ICAs in accordance with their needs even as more financial stakeholders are on-boarded, including those with foreign currency exposures
 "Revised inter-creditor pacts may do away with need for 66% lenders' nod")
Covid-19 impact: Private equity slows down, zooms in on portfolio companies
Future targets to include financial services, retail companies; Top PE firms shut offices about a week before lockdown; key execs and principals now entirely on phone, video-conferencing
 "Covid-19 impact: Private equity slows down, zooms in on portfolio companies")
YES Bank crisis: PE firms want to invest at Rs 10/share, on par with SBI
JC Flowers, Tilden, Cerberus ask SBI to prepare a clean-up plan
 "YES Bank crisis: PE firms want to invest at Rs 10/share, on par with SBI")
We'll keep investing in India as long as we see opportunities: Blackstone
Schwarzman spoke to Pavan Lall, and fielded questions on concerns about the coronavirus, the next few quarters for the world economy, and doing business in India
 "We'll keep investing in India as long as we see opportunities: Blackstone")
Warburg Pincus is looking to exit joint venture with Embassy Group
"Warburg is not happy with the speed with which the land acquisition and development happened in the JV," said sources.
 "Warburg Pincus is looking to exit joint venture with Embassy Group")
Nirma in talks with Apollo Global Management, Bain for Emami Cement bid
Nuvoco is among the bidders for Emami Cement, which has picked Arpwood Capital and Credit Suisse Group AG to manage the sale of the unit as Bloomberg News previously reported
 "Nirma in talks with Apollo Global Management, Bain for Emami Cement bid")
Land-buying hurdle hits private equity firms betting on warehousing units
The JV had an equity base of $250 million. Four years since the signing of the pact, people in the know say the JV may invest just $100 million
 "Land-buying hurdle hits private equity firms betting on warehousing units")
PE firm Advent acquires women's innerwear brand Enamor in Rs 320 cr deal
The transaction is Advent's eighth investment in India in the past four years and its fourth in the consumer goods sector during the same period
 "PE firm Advent acquires women's innerwear brand Enamor in Rs 320 cr deal")
