Page 3 - Private Equity Firms
Swiss firm Firmenich buys Blackstone's 10% stake in SH Kelkar for Rs 242 cr
Stake was sold at Rs 173 a share; SH Kelkar stock last closed at Rs 183.5, up 20%
 "Swiss firm Firmenich buys Blackstone's 10% stake in SH Kelkar for Rs 242 cr")
At $54-bn value, interest in GSK's arm may lead to biggest-ever buyout
Advent International, CVC Capital Partners and KKR are among potential suitors for GSK's consumer unit
 "At $54-bn value, interest in GSK's arm may lead to biggest-ever buyout")
PE firm KKR affiliate sells part of its stake in Max Healthcare
The shares were sold by Kayak Investment holdings, an affiliate of the private equity firm KKR for Rs 350 per share
 "PE firm KKR affiliate sells part of its stake in Max Healthcare")
PE major Advent International to buy 72.56% stake in Eureka Forbes
Private equity firm Advent International will buy a controlling stake of 72.56 per cent in Eureka Forbes for approximately Rs 4,400 crore, it's parent Shapoorji Pallonji Group (SPG) has said.
 "PE major Advent International to buy 72.56% stake in Eureka Forbes")
Singapore SPACs need to go hunting in India, Indonesia for promising firms
Singapore has seen just three initial public offerings this year, garnering less than $250 million.
 "Singapore SPACs need to go hunting in India, Indonesia for promising firms")
PepsiCo to sell Tropicana, other juices, to PE firm in $3.3 bn deal
PepsiCo will have a 39% non-controlling stake in a newly formed joint venture in the deal with PAI Partners
 "PepsiCo to sell Tropicana, other juices, to PE firm in $3.3 bn deal")
Domestic PE firm ICICI Venture sees bigger gains from smaller deals
Instead of competing with global majors, the domestic PE firm is positioning itself as a 'bottom-up' player offering local expertise
 "Domestic PE firm ICICI Venture sees bigger gains from smaller deals")
PNB board meeting on Friday; PNB Housing Finance issue may come up
The board of state-owned PNB is schedule to meet on Friday, which among other routine agenda may take up the proposed investment of Rs 4,000 crore by US-based private equity firm Carlyle and others
 "PNB board meeting on Friday; PNB Housing Finance issue may come up")
Sebi's relaxed norms likely to give private equity firms faster exits
Sebi also plans to replace the "promoter" concept to "person in control"
 "Sebi's relaxed norms likely to give private equity firms faster exits")
Real estate gets pvt equity investments of $3.2 bn in Q1: Report
19 deals took place in this period
 "Real estate gets pvt equity investments of $3.2 bn in Q1: Report")
Private equity, VC investments rise 64% to $8.3 bln in March qtr: Report
266 deals took place in the period
 "Private equity, VC investments rise 64% to $8.3 bln in March qtr: Report")
Srei Eqpt Finance gets $250 mn equity infusion offer from global PE funds
Company panel to negotiate and conclude talks with the PE investors; Ernst & Young will be advising on the proposed fund raising exercise
 "Srei Eqpt Finance gets $250 mn equity infusion offer from global PE funds")
GramCover plans to be one-stop shop for rural insurance needs: CEO Bhatt
The company was founded in 2017-18 by a clutch of private equity firms
 "GramCover plans to be one-stop shop for rural insurance needs: CEO Bhatt")
Parikh family, former promoters of Zandu, exits pharma business
Sells stake in drug firm ZCL to PE firm Advent for Rs 1,600 cr
 "Parikh family, former promoters of Zandu, exits pharma business")
Windy Lakeside Investment picks stake worth Rs 800 cr in Adani Ports
The stake pick is subject to the approval of regulatory/ statutory authorities and the shareholders of the company.
 "Windy Lakeside Investment picks stake worth Rs 800 cr in Adani Ports")
Private equity interest can improve governance in banks: Rahul Bhasin
PEs need to engineer change and bring efficiency to the fore to deliver the returns demanded by their investors; or, alternatively, find outstandingly well-run banks to partner with, Bhasin said
 "Private equity interest can improve governance in banks: Rahul Bhasin")
FundVice to support startups with Rs 330 crore fund, accelerate 50 deals
Investment banking firm FundVice on Friday said it will support startups in India with a corpus of Rs 330 crore, which includes funding from its new fund Ryoma Ventures. The company has plans to raise up to Rs 250 crore and accelerate at least 50 deals by 2021-end. In addition, Fundvice has announced to set-up a sector-agnostic fund with about Rs 80 crore. "We have seen exciting start-ups that are revenue-generating but what they lack is the right support of investors. Various incubators, accelerators and mentors have been supporting the team of FundVice to support start-ups reach the heights they are at, but still lack investors. "To support them, we took the decision to start this fund, with the support of everyone, as the next step towards making a dent in the start-up ecosystem," Heena Aroora, Managing Director - FundVice and Ryoma Ventures, said in a statement. The company said it plans to close this fund soon with its present investors and is also looking at collaborations w
 "FundVice to support startups with Rs 330 crore fund, accelerate 50 deals")
Sharp rise in Micro VC investments as 566 startups get $341 mn in 3 years
With the startup ecosystem blooming in India, the number of such funds rose from 29 in 2014 to 88 funds last year
 "Sharp rise in Micro VC investments as 566 startups get $341 mn in 3 years")
PE firm TIW invests close to $6 mn in Mahesh Bhupathi's Scentials
TIW Private Equity (TIW PE) on Tuesday said it has invested close to $6 million (about Rs 43.7 crore) in Scentials Beauty Care and Wellness
 "PE firm TIW invests close to $6 mn in Mahesh Bhupathi's Scentials")
Advent to buy controlling stake in ZCL at enterprise value of Rs 1,700 cr
Advent is a private equity fund
 "Advent to buy controlling stake in ZCL at enterprise value of Rs 1,700 cr")
