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 ......
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 ......
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: 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 Gautam Adani's Adani Group, initially a contender, has reportedly withdrawn from the race, The Economic Times reported, ......
Grapevine: Three firms make cut for Avendus; suitors line up for HUL ice-cream unit
Carlyle, Premji Invest, and Japan's Mizuho Financial Group are vying to acquire a controlling stake in Avendus Capital, currently owned by KKR, a media report said. The three bidders advanced after an initial round of screening, which also saw interest from private equity players TPG Capital and TA Associates. Due diligence is underway, with final offers expected by the ......
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 ......
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 ......
True North hires former Investec exec for private credit vertical
Mumbai-based True North, a homegrown private equity firm which wrapped up fundraising for its maiden private credit fund earlier this year, has appointed a former Investec executive as the managing director of the debt vertical. True North, which launched its private credit operations in 2021 after it roped in former KKR ......
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: Premji, Pai family offices eye Akasa; Temasek weighs India JV exit
Premji Invest and Claypond Capital, the family offices of Wipro's Azim Premji and Manipal Group's Ranjan Pai, respectively, are in advanced talks to invest $125 million (Rs 1,049 crore) in Akasa Air, valuing the Indian airline at over $350 million, a media report said. This would mean a fourfold rise in valuation that was arrived at ......
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