KKR-backed Advanta Enterprises adds Alpha Wave to its cap table
US-based private equity firm Alpha Wave Global will pick up a 12.5% stake in hybrid seeds company Advanta Enterprises Ltd for $350 million (Rs 2,950 crore), joining global investor KKR on the cap table. Alpha Wave’s investment, which will be made from Alpha Wave Ventures II fund, will be done through a ......
How much upside KKR is sitting on in its two-year old bet as new investor comes in
Global private equity giant KKR seems to be sitting on a decent upside, two years after it bet on hybrid seeds company Advanta Enterprises Ltd, also a subsidiary of farm solutions company UPL Ltd, even as the private seed company attracted another investor on its cap table. Now, US-based Alpha Wave ......
KKR-backed IndiGrid secures $300 mn funding for new green energy platform
KKR-backed IndiGrid, a power sector infrastructure investment trust (InvIT), has secured fresh funding from overseas development financiers to set up a new green energy platform in India. The listed InvIT has announced receiving commitments worth $300 million (over Rs 2,500 crore) from impact investor British International Investment (BII), Norwegian Climate Investment ......
Former CDPQ India head, Gautam Adani, others charged in US bribery case
Three former executives of Canadian pension fund CDPQ, including a former India head, have been indicted along with Indian billionaire Gautam Adani and four others by US prosecutors for their alleged role in what may have been a case of multi-billion-dollar bribery and fraud, the US Department of Justice said. Cyril Cabanes, ......
TA Associates inks second control private equity deal in India
US-based private equity firm TA Associates, which has been actively exiting investments in India over recent months, announced on Tuesday an undisclosed investment in revenue cycle management (RCM) services provider, Vee Healthtek. This acquisition marks TA Associates' debut in the RCM space in India and its second bet in the Indian ......
KKR-backed Hero Future Energies announces mega investment plan
Indian conglomerate Hero Group's power production unit plans to invest $20 billion over the next six years to scale up its capacity by nearly 16 times, chairman Rahul Munjal told Reuters at an industry event on Tuesday. Hero Future Energies, backed by global investors such as KKR and International Finance Corporation ......
Deals Digest: Funding regained momentum last week as festive season takes breather
Private equity and venture capital funding saw an uptick last week compared to the preceding one, as the week-ended 8 November saw significantly low activity on account of Diwali holidays. While, deal volume during last week stood at 22, lower compared to the preceding week, total funding for companies backed by alternative ......
Grapevine: KKR reworking BookMyShow deal; Race for Ayana Renewable in final lap
Private equity firm KKR is renegotiating its planned deal to invest in Reliance Industries-backed BookMyShow, India’s largest online ticketing platform, a media report said. The PE firm’s move comes after food delivery company Zomato recently agreed to acquire digital payments company Paytm’s entertainment business, The Economic Times reported, citing people aware of ......
KKR to sell 17% stake in India Grid Trust
U.S. private equity firm KKR's affiliate, Esoteric, will sell a 17.3% stake in India Grid Trust (IndiGrid) for $213.6 million, the Indian investment firm said on Wednesday. The sale involves 135.8 million IndiGrid shares at an offer price of 132 rupees each. The offer comprises a base offer of 9.66% stake ......
KKR-backed Livspace's topline rises 21% in FY24, EBITDA loss halves
Private equity firms TPG and KKR-backed home interior and renovation company Livspace's revenue expanded 21% in FY24, while cutting its adjusted Ebitda loss by half during the same period. The company's revenue grew to Rs 1,185 crore from Rs 981 crore while its gross margin improved by nearly 39% to Rs 598.6 ......
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