Private Equity Fund
Irdai approves amendments, simplifies rules to set up insurance firms
Under the current guidelines, to invest in insurance companies as "promoter", a PE fund can do so only through an SPV
 "Irdai approves amendments, simplifies rules to set up insurance firms")
Carlyle Group sells Rs 607 crore shares in logistics firm Delhivery
The six-month post-initial public offering (IPO) lock in on shares of Delhivery ended on November 20
 "Carlyle Group sells Rs 607 crore shares in logistics firm Delhivery")
PE/VC investments drop 75% in October over last year: IVCA-EY report
Inflation woes, recession fears, the rising cost of capital, and elevated levels of uncertainty driven by geopolitical tensions have weighed down the PE/VC activity in 2022
 "PE/VC investments drop 75% in October over last year: IVCA-EY report")
Multiples Private Equity likely to sell stake in APAC Financial Services
Multiples Alternate Asset had acquired the stake for Rs 250 crore in 2018
 "Multiples Private Equity likely to sell stake in APAC Financial Services")
Inga, TIH Singapore tie up to launch PE fund for mid-sized companies
The fund has set an overall target of raising Rs 500 crore and has received commitment of Rs 25 crore
 "Inga, TIH Singapore tie up to launch PE fund for mid-sized companies")
PE, Sovereign funds making larger investments in Indian tech firms
PE funds like Advent, TPG, Temasek and GIC have sped up their investments in India with larger cheques of $100 million or more
 "PE, Sovereign funds making larger investments in Indian tech firms")
Demand of over Rs 500 crore additional tax slapped on PE/VC funds
The tax authorities gave assessment orders to at least 12 such houses last week, and initiated penalty proceedings against them
 "Demand of over Rs 500 crore additional tax slapped on PE/VC funds")
TPG subscribes to 37.5 mn shares in Tata Passenger Electric Mobility
This is for an aggregate consideration of Rs 3,750 crore as the first tranche of the potential investment aggregating Rs 7,500 crore, announced by the company in October 2021
 "TPG subscribes to 37.5 mn shares in Tata Passenger Electric Mobility")
China's securities regulator vows to crack down on private equity funds
The China Securities Regulatory Commission will work to root out "fake" private equity funds that are actually sold to the general public, Chairman Yi Huiman said in a speech
 "China's securities regulator vows to crack down on private equity funds")
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. Though the value of private equity investments declined 7.7 per cent in Q1, the number of deals soared by 44 per cent to 260 from 180 in Q1 of 2020, show the data collated by the London Stock Exchange Group-owned Refinitiv that tracks global financial transactions and market action. Overall, 2020 saw the highest number of deals since 2010 with 810 private equity deals worth USD 34.44 billion. Software companies attracted the maximum PE interest in Q1 this year with USD 1,348 million equity invested compared to internet-specific companies in Q1 of 2020 with USD 2,053 million equity investment. Fundraising in Q1 stood at USD 1,605 million compared to USD 670 million (USD) in Q1 2020, an increase of 139 per cent year-on-year. The top deals are the USD 460 million raised by Think & Learn from five funds, followed by Dream11 .
 "PE funding dips 7.7% to $3.44 bn across 260 deals in March quarter")
PE investments in real estate down 40% at $4.06 billion in 2020
The pandemic played spoilsport
 "PE investments in real estate down 40% at $4.06 billion in 2020")
This India-focused fund beating 98% of peers targets crisis winners
According to the fund's profile, its top holding as of July 31 was drugmaker Divi's Laboratories Ltd., which has gained more than 70% in 2020
 "This India-focused fund beating 98% of peers targets crisis winners")
Global BPM firm Startek will focus on new revenue streams this year: COO
Private equity firm Capital Square Partners (CSP) has gone under water on the deal
 "Global BPM firm Startek will focus on new revenue streams this year: COO")
KKR may acquire Walgreens Boots Alliance in record $70-billion deal
Walgreens Boots shares rose 6.3 per cent to $63.02 at 10.09 am in New York trading. Its bonds in Europe fell
 "KKR may acquire Walgreens Boots Alliance in record $70-billion deal")
Investment in Category-II AIFs saw five-fold increase in 3 years: Sebi data
An alternative investment fund is a vehicle where the minimum investment is Rs 1 crore
 "Investment in Category-II AIFs saw five-fold increase in 3 years: Sebi data")
A private equity fund that's driving change in the education sector
Through the impact fund, Kaizen is hoping to reach over 10,000 schools in India, Asia and parts of Africa
 "A private equity fund that's driving change in the education sector")
PE investor Quadria Capital plans new $400-million health care fund
Quadria itself will focus on strategic initiatives and operational improvement in portfolio companies
 "PE investor Quadria Capital plans new $400-million health care fund")
Private equity-backed stocks do better in a volatile market
Interestingly, PE-backed companies which went public over the last 12 months have done better than those which got listed earlier
 "Private equity-backed stocks do better in a volatile market")
Private equity funds pump in $1.1 billion in logistics, warehousing sector
The key factors driving PE players' interest in logistics and warehousing are government policies, strong economic fundamentals, and the growth in organised retail and e-commerce
 "Private equity funds pump in $1.1 billion in logistics, warehousing sector")
A91 Emerging Fund to raise $250-300 million to support SMEs
International Finance Corporation to invest up to $25 million for a 20% stake
 "A91 Emerging Fund to raise $250-300 million to support SMEs")
