Grapevine: Juniper Green mulls IPO; Tiger Global-backed Innovaccer seeks funding
Delhi-based renewable energy firm Juniper Green Energy is in talks with investment banks to explore the possibility of an initial public offering (IPO), a media report said. The IPO could potentially raise $200-250 million (Rs 1,700-2,100 crore) or more, Moneycontrol reported, citing people familiar with the matter. Funds raised from the IPO, if realized, ......
Macquarie plans India smart metering platform, starts talks with local firms
Macquarie Capital, the investment arm of Australia’s Macquarie Group, is looking to set up a platform for smart metering projects in India and is in early stages of talks to collaborate with local players for the purpose, two people aware of the development told VCCircle. If the talks materialise, Macquarie ......
Check out the top Indian law firms by capital markets practice
Law firms in India recorded a slowdown in private market dealmaking during 2023-24 but had a robust year when it came to their public markets practice as many Indian companies listed their shares on stock exchanges. Consequently, some of the leading law firms in the private equity, venture capital and M&A ......
I Squared's Hexa Climate set to strike maiden acquisition
Hexa Climate, the renewable energy platform backed by New York-based infrastructure-focussed private equity firm I Squared Capital, is closing in on a deal to acquire the solar and wind assets of around 200-300 MW from a listed Indian company, VCCircle has gathered. The development comes at a time when Hexa is ......
Temasek-backed Manipal Hospitals now scouts for M&A targets in South India
Temasek-backed Manipal Hospitals, which on Monday announced an agreement to acquire an 87% stake in Kolkata-based hospital chain Medica Synergie, has now set its eyes on those southern states and cities where it has low presence, a top company executive told VCCircle. “In terms of geographical focus, we're eyeing opportunistic brownfield expansions in ......
Temasek nets over 2x via swift India portfolio roll-up transaction
Singapore state investment firm Temasek has consolidated its India healthcare portfolio as it sold its stake in Kolkata-based Medica Synergie Pvt Ltd to Bengaluru-headquartered Manipal Hospitals, churning out more than two-fold return on its investment in less than two-and-a-half years. Ranjan Pai-led Manipal Hospitals said Monday it has bought an 87% ......
In Charts: Saudi Venture Capital doubles down on commitments in 2023
Riyadh’s state-owned institution Saudi Venture Capital (SVC), which manages assets worth $2.2 billion, almost doubled its funding commitments in 2023 year-on-year, at a time when Saudi Arabia overtook UAE and emerged as the top VC-funded market in the Gulf region. Notably, SVC’s activity through 2023 also included nine limited partner-style bets, ......
ADV Partners scores a multi-bagger exit from a five-year old India bet
ADV Partners, a private equity firm which invests across sectors in Asia, has exited one of its five-year old bets in the country, with multi-fold returns. The firm, which has backed companies such as Dr Agarwal’s Healthcare, Micro Plastics and U Gro Capital among others in India, has exited Bengaluru-based special steel ......
Creation Investments strikes frugal returns from India MFI bet
Global impact investor Creation Investments, which manages near $2.2 billion in assets across the globe, has exited a twelve-year old financial services bet in India, scoring modest returns, VCCircle has learnt. The Chicago-headquartered investor, which primarily makes bets across the financial services segment, has fully exited its investment in microfinance institution ......
African PE firm Mediterrania makes second full exit from third fund
Mediterrania Capital Partners, a Malta-based private equity firm that focuses on growth-stage small and mid-sized businesses in North and Sub-Saharan Africa, fully monetized its investment in a Moroccan construction and civil engineering company after six years. The Valletta-headquartered PE firm, which manages assets worth $791 million, completely exited its investment in ......
