Page 2 - Private Equity Firms
Indian private equity firm Lighthouse in talks to raise $400-mn fund
Lighthouse has raised more than $450 million over the years and has invested in Indian companies that include popular online beauty retailer Nykaa and ethnic apparel and home accessories brand Fabindi
 "Indian private equity firm Lighthouse in talks to raise $400-mn fund")
Rolls-Royce names Ex-BP executive Tufan Erginbilgic as CEO to succeed East
Tufan Erginbilgic, 62, spent 20 years at BP Plc, and in his most recent role before leaving in 2020 led the firm's downstream business
 "Rolls-Royce names Ex-BP executive Tufan Erginbilgic as CEO to succeed East")
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")
FitterFly raises $12 mn in series A funding led by Amazon Smbhav, Fireside
The funds raised will be used to increase Diabefly's reach, their digital therapeutics and clinically-proven programme to prevent, manage and reverse diabetes
 "FitterFly raises $12 mn in series A funding led by Amazon Smbhav, Fireside")
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")
Aditya Birla Fashion to sell minority stake to private equity firms
On Monday, the stock closed flat at Rs 273 a share, thus, giving a total market valuation of Rs 25,618 crore to the company
 "Aditya Birla Fashion to sell minority stake to private equity firms")
General Atlantic plans $2 billion investment in India, Southeast Asia
General Atlantic is in early-stage investment talks with about 15 companies in sectors including technology, financial services, retail and consumer
 "General Atlantic plans $2 billion investment in India, Southeast Asia")
Unicorns staring at fund woes, drop in valuation amid Covid-19 outbreak
Curbs on investment by Chinese investors a major roadblock
 "Unicorns staring at fund woes, drop in valuation amid Covid-19 outbreak")
PE firm Multiples picks up 9.3% stake in BDR Pharma for Rs 685 cr
Multiples is the first private equity (PE) investor in BDR Pharma
 "PE firm Multiples picks up 9.3% stake in BDR Pharma for Rs 685 cr")
Carlyle to acquire NSM Insurance from White Mountains in $1.78 billion deal
The transaction is expected to add $280 per share to White Mountains' adjusted book value
 "Carlyle to acquire NSM Insurance from White Mountains in $1.78 billion deal")
Spandana Sphoorthy, former MD Padmaja Reddy heading for truce over dues
Sources say many details yet to be worked out, and that it isn't clear if talks will lead to a comprehensive pact to end strife. Clarity expected in 10-15 days, they add
 "Spandana Sphoorthy, former MD Padmaja Reddy heading for truce over dues")
Stage set for PE majors to make a splash in India's tech startup gold rush
Indian tech startup ecosystem has attained a threshold of maturity in the last few years which makes it attractive for large PE players
 "Stage set for PE majors to make a splash in India's tech startup gold rush")
French league approves $1.66 billion deal with CVC Capital Partners
The French soccer league announced an investment deal with private equity firm CVC Capital Partners as part of a new commercial subsidiary in charge of marketing media rights.
 "French league approves $1.66 billion deal with CVC Capital Partners")
Nielsen agrees to sweetened $10-bn offer from private equity group
Nielsen will go private for $10.06 billion in a sweetened deal with a consortium of private equity firms led by Brookfield Asset Management, days after the firm rejected a takeover bid from the group
 "Nielsen agrees to sweetened $10-bn offer from private equity group")
European buyout giant EQT to buy Baring Private Equity Asia for $7.5 bn
It's the biggest takeover of a private-equity company by another firm from within the industry
 "European buyout giant EQT to buy Baring Private Equity Asia for $7.5 bn")
RBL Bank to seek PE funding amid concerns over financial health: Report
The bank is looking to raise as much as Rs 1,500 crore in 'confidence capital', say sources
 "RBL Bank to seek PE funding amid concerns over financial health: Report")
PE firm TPG invests $360 mn in AI and analytics services firm Fractal
PE player Apax is exiting partially via this fund raise. It had invested $200 million in Fractal in 2019
 "PE firm TPG invests $360 mn in AI and analytics services firm Fractal")
Top Headlines: Omicron 3x more transmissible; Rs 2 trn worth IPOs next year
Business Standard brings you the top headlines at this hour.
 "Top Headlines: Omicron 3x more transmissible; Rs 2 trn worth IPOs next year")
PE players need 'patient capital' of 11 to 20 years to maximise valuations
PE funds are increasingly exploring longer investment options beyond the standard five- to 10-year template
 "PE players need 'patient capital' of 11 to 20 years to maximise valuations")
Multiples's Renuka Ramnath on blockbuster 2021 for private equities
In an interview with Business Standard, Renuka Ramnath, founder, Multiples Asset Management, shares why it has been an exceptional year from investment, exits and investment valuation perspective
 "Multiples's Renuka Ramnath on blockbuster 2021 for private equities")
