In April 2019, Blackstone committed up to $460 million to acquire a majority stake in EPL
The new continuation fund, the largest ever in India, acquires stake in NSE
In 2022, Sweden's EQT acquired Baring Private Equity Asia in a $7.5-billion deal to expand its Asia footprint
The Sheares Healthcare Group is wholly-owned by Temasek, which had a net portfolio value of around $284 billion at the end of the last financial year. It invests in, designs, builds and operates a network of healthcare facilities, including hospitals, clinics, specialist medical centres and senior living facilities
Reports had named Cipla, Zydus Cadila, Dr Reddy's, Carlyle, BPEA EQT and Mylan as other potential suitors for Bharat Serums and Vaccines.
TWT, which was founded in 2019 by Shashank Mehta, an ex-Unilever marketeer, makes educational content that helps consumers understand and decode their food choices. Its offerings include chocolates, protein bars, peanut butters, and muesli.
Overall, PE investment has fallen to $5,134 million ($5.13 billion) this year from $6,199 million ($6.2 billion) in 2021.
In 2017, L Catterton Asia had invested in Impresario, which backs popular f&b labels Social and Smoke House Deli.
There is also substantial capital waiting to be deployed as India-based PE funds raised $4.4 billion so far this year, more than double the amount raised from the first quarter of last year
In January 2016, Abraaj had purchased 72 per cent in Care Hospitals from Advent Capital for Rs 2,000 crore. Later, the Dubai-based fund collapsed following allegations of misappropriation and mismanagement of funds by its LPs (limited partners). In 2019, the reins were handed over to TPG backed Evercare Group, which revamped the leadership and initiated a clean-up act.
In the nine months till September, PE investors recorded exits of $29 billion outperforming a five-year high of $26 billion in 2018
The north star of a company cannot be profit alone. There has to be a greater purpose and it is up to the founder to choose a seed investor who understands that higher goal. But the key is in spending the fund efficiently.
In the case of Zomato - which raised $1.3 billion through its IPO - its early backer, Info Edge, got a whopping 65.5x return as part of its partial sale in the issue
Deal volumes fell by 43 percent in February compared to the same period last year. Prashant Mehra, Partner of Grant Thornton, said the slowdown in deal activity in India was mainly due to uncertainty from the Budget announcement.
Total investments in FY15 were around USD 1 billion and so far in FY16 the firm has already invested USD 1 billion, said Ravi Lambah, Co-Head-India, Africa & Middle East, of Temasek.
According to early data from Venture Intelligence, a research service focused on private company financials, transactions and their valuations, the investment in the said quarter registered a year-on-year jump, but declined on a quarter-on-quarter basis.