Exclusive: Advent’s healthcare investment platform mulls betting on south Indian API maker
Advent, one of the world’s biggest private equity players, is evaluating an investment in a Chennai-based active pharmaceutical ingredient (API) company through its pharma platform Cohance, three people aware of the development told VCCircle on condition of anonymity. The PE firm, which rebranded its API and CDMO platform to Cohance in ......
Advent International looks to stitch secondaries deal to exit packaging firm
Global private equity firm Advent International, which is reportedly increasing its share of corpus to deploy in India for striking fresh bets, has hired bankers to help exit one of its portfolio firms through a secondaries deal, two people aware of the development told VCCircle. Advent International has been trying to ......
Exclusive: Blackstone, Carlyle, others eye controlling stake in Indian healthcare firm
Private equity behemoth Blackstone is among a clutch of bulge-bracket global investors who are in the race to pick up a controlling stake in an Indian healthcare company, three people aware of the development told VCCircle. Blackstone, which struck its first hospital deal in India last year and invested $1 billion to ......
How top US pension fund CalSTRS increased its rupee exposure
The California State Teachers’ Retirement System (CalSTRS), America’s largest educators-only pension fund with a corpus valued over $332.5 billion, has gradually increased its exposure to the Indian rupee over the last two years, especially towards public assets. The pension fund invests across asset classes including public equities, private equity, real estate, ......
Grapevine: Carlyle-backed Hexaware taps i-banks for IPO; Mankind Pharma eyes Bharat Serum
US private equity giant Carlyle has assembled a syndicate of five investment banks to facilitate the forthcoming IPO of portfolio firm Hexaware Technologies, a media report said. The syndicate includes Kotak Mahindra Capital, Citi, JP Morgan, IIFL Capital, and HSBC Securities. The IPO is intended to offer Carlyle a partial ......
Grapevine: JB Chemicals gets more suitors; Disney set to exit Tata Play
Indian drugmakers Mankind Pharma, Dr Reddy’s Laboratories, and Torrent Pharma are in the race to acquire JB Chemicals & Pharmaceuticals from private equity firm KKR, a media report said. Citing people familiar with the matter, The Economic Times reported that high valuation has deterred some PE firms from bidding for JB ......
Platinum Equity looks to foray into India with new office, big bets
American buyout firm Platinum Equity, with assets under management worth $48 billion globally, is exploring transactions to foray into the Indian private equity sector, even as it gears up to build an India office, two people aware of the development told VCCircle. The California-headquartered global PE firm is scouting for opportunities in ......
Grapevine: Advent may invest up to $10 bn in India; Mizuho to buy stake in lender
US-based private equity firm Advent International is looking at making investments of $5-10 billion in India over the next five years, a media report said. The firm, which has completed 17 investments totaling $5.8 billion since 2009, remains optimistic on India, despite concerns about high valuations, Advent International Chairman David Mussafer ......
Searchlight: How a bootstrapped tour and travel firm stood its ground as peers struggled
India’s tour and travel services sector has gone through much disruption over the last decade with several companies folding up or merging with bigger competitors despite raising venture capital funding, but a handful of bootstrapped operators have managed to defy the odds. Mumbai-based Akbar Travels of India Pvt. Ltd is ......
Exclusive: Jashvik Capital, others in fray to bet on local medical device company
Growth stage private equity player Jashvik Capital, which was floated by former TA Associates executive Naresh Patwari, is among multiple other investors to pick up a stake in a homegrown surgical equipment player, at least two people aware of the development told VCCircle. Jashvik, an investor in snacks maker Jabsons, is ......
