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 ......
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 moves closer to sealing stake sale deal for JB Chemicals
Global private equity giant KKR is in advanced talks with a company to sell its stake in Indian drugmaker JB Chemicals & Pharmaceuticals Ltd, two people aware of the development told VCCircle. KKR has been in talks with multiple suitors to sell its stake in Mumbai-listed JB Chemicals for the past ......
Grapevine: General Atlantic, KKR, EQT eye PE deals; FirstCry, Anthem in IPO news
General Atlantic and KKR are among 4-5 private equity firms vying for a majority stake in Faridabad-based hospital chain Asian Institute of Medical Sciences (AIMS), a media report said. The deal could value the 1,200-bed hospital chain, focused on North and East India, at Rs 1,500 crore ($179 million), The Economic ......
KKR moves forward with plan to exit Indian infra portfolio firm
Private equity firm KKR is moving forward with a plan to exit an Indian infrastructure portfolio company after selling its stake in a telecom infrastructure provider and kicking off a process to harvest its investments in two other firms. KKR offloaded its stake in telecom towers company Indus Towers earlier this ......
Grapevine: Nomura joins race for Avendus; Adani Wilmar owners to pare stake
Nomura, Japan's largest investment bank, has entered the race to acquire Indian investment bank Avendus, shifting from its role as an advisor to a potential bidder, a media report said. The sale has drawn interest from Japan’s Mizuho and the US buyout firm Carlyle. KKR, which holds a 63% stake, is seeking a valuation of Rs ......
Grapevine: Torrent may buy into CVC-backed Gujarat Titan; Alkem gets PE suitors
Ahmedabad-based Torrent Group has reached an informal agreement with CVC Capital Partners to acquire a majority stake in Indian Premier League (IPL) franchise Gujarat Titans after the ownership lock-in period ends in February 2025, a media report said. Gautam Adani's Adani Group, initially a contender, has reportedly withdrawn from the race, The Economic Times reported, ......
Shriram General Insurance’s CEO on upsizing non-motor book, IPO plans and more
Over two years ago, private equity major KKR acquired a 9.99% stake in Shriram General Insurance for Rs 1,800 crore. Since then, the company’s gross written premium has grown by over 70%, with the number of live policies standing at a tall 6.3 million. As an indication of confidence over the ......
Deals Digest: KKR, Google ink key transactions but total volumes fall this week
The number of Indian companies that raised funding from private equity and venture capital investors declined this week although tech giant Google and buyout firm KKR struck significant deals. The total deal volume fell to 19 during the week versus the previous week’s 24, according to data collated by VCCircle. The amount ......
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