Xander, GIC team up for over $250-mn India real estate deal
A joint venture between Singapore-based private equity real estate investor Xander Investment Management (XIM) and the country’s sovereign wealth fund GIC has snapped a special economic zone in one of India’s major information technology centres. The deal has been struck with the seller, SPREF II, a joint venture between Shapoorji Pallonji ......
Deals Digest: A91 Partners, UK’s BII make two bets each as PE/VC activity jumps
Private equity and venture capital activity increased this week, both in value and volume terms, with A91 Partners striking two new deals and British International Investment (BII) making two bets in the electric vehicle segment. The total PE/VC investment amount stood at $322 million across 32 deals this week, up from ......
PE firm Capital Square Partners makes another IT bet in India
Private equity firm Capital Square Partners (CSP), which ended its deal hiatus in India last year by investing in IT services company Relevance Lab, has made another bet in the same sector. The Singapore based PE firm, which was set up a decade ago by entrepreneur-turned-investors Sanjay Chakrabarty and Aparup Sengupta and ......
Why is Swiss DFI SIFEM bullish on private credit in India?
The Swiss Investment Fund for Emerging Markets (SIFEM), Switzerland's development finance institute, which has been investing in India as a limited partner since 2006, is exploring investment opportunities for private credit funds in India, a top executive told VCCircle. SIFEM’s strategy for portfolio allocation is split 80-20 between private equity and ......
Grapevine: Emami Group mulls sale of pharmacy chain; Hero FinCorp plans IPO filing
Kolkata-based Emami Group is considering strategic options, including a potential sale, of its pharmacy retail chain Frank Ross, a media report said. The group has appointed DAM Capital as an advisor and has reached out to potential buyers. However, the process is in its early stages and may not result in a transaction, ......
See potential in Indian single-specialty healthcare bets: Bain & Company's Arjun Upmanyu
Global consulting firm Bain & Company has stated in a recent report that traditional sectors such as healthcare, advanced manufacturing, among others will emerge as outliers in an otherwise cautious environment in the Indian PE-VC landscape during 2024. The firm, which has a presence across 39 countries, said in its report ......
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, ......
Zephyr Peacock may monetise stake as portfolio fintech firm mulls IPO
Mid-market private equity firm Zephyr Peacock India plans to partly monetize its seven-year-old investment in a fintech company through a likely initial public offering (IPO), a person familiar with the matter told VCCircle. While the specifics of the IPO are yet to be finalized, it is expected that the portfolio company, MPOWER Financing, will opt ......
CapitaLand India Trust secures debt capital from international investor
Singapore-based real estate investor CapitaLand India Trust (CLINT), which has built a portfolio in India across Bengaluru, Chennai, Hyderabad, Pune and Mumbai, has secured sustainability-linked funding from an international institutional investor. The real estate investor, earlier known as Ascendas India Trust, has secured a loan valued of about $200 million Singapore dollars ......
DFDF to widen investor base in three-phase expansion strategy
Dubai Future District Fund, the region’s first evergreen venture capital fund-of-funds, launched with an initial corpus of $200 million from Dubai Future Foundation and Dubai International Financial Centre, will soon open doors to a new set of investors in three phases to help diversify its capital base, according to a ......
