Bottomline: Multiples PE-backed Shubham Housing sustains loan growth, profitability
Shubham Housing Development Finance Company, a darling of private equity firms, has clocked a steady growth in its assets under management and profitability for the financial year ended March 2024. Further, early data from the current financial year indicate that company’s financial metrics have remained steady. The company’s net profit rose ......
Deals Digest: Momentum slows again after stellar preceding week
The five-day period ended 20 December saw funding activity decline to nearly a third of the previous week’s high base of about $900 million, data collated by VCCircle showed. The week was particularly slow for the mergers and acquisitions deal category as well. Companies backed by private equity and venture capital ......
Cash exits matter more to us than paper NAV: Multiples PE’s Sankararaman
Private equity firm Multiples PE was founded by Renuka Ramnath in 2009. The same year, Sridhar Sankararaman joined the firm as he returned to private equity investing in India after working with Sun Group in London. Since then, Multiples PE has raised four funds, with the latest vehicle hitting its final ......
Grapevine: OTPP, Omega Healthcare, Canara Robeco, Credila in news
A Canadian pension fund is in talks to buy a majority stake in a US-based healthcare BPO, while Canara Bank-backed mutual fund has received offers from over a dozen investment banks to handle the company's proposed IPO mandate, according to various media reports. Also in news, an IPO-bound lender is ......
Creador ropes in North American LP for new fund
Southeast Asia-focused mid-market investor Creador, which is headquartered in Malaysia, has onboarded yet another limited partner (LP) for its sixth fund, VCCircle has gathered. In fact, it will be the first investment of the new LP in the Indo-Pacific region. The private equity investor, led by former ChrysCapital partner Brahmal Vasudevan, ......
Peak XV-backed Zetwerk closes Series F round, prepares for public listing
Zetwerk, a business-to-business (B2B) manufacturing services marketplace backed by marquee investors such as Peak XV, Accel and Avenir Growth Fund, has closed its Series F funding round that values the unicorn 15% higher than its last valuation, a senior executive told VCCircle. The Bengaluru-based startup, which entered the coveted unicorn club in 2021, ......
Grapevine: TVS Credit, Avendus, Haldiram, Aragen, Yotta in news
Another investor has joined the race to buy KKR's stake in Avendus, while a top US-based private equity firm is leading the bidding to buy a slice of Haldiram, according to media reports. Also in news, contract drugmaker Aragen is onboarding a Singapore-headquartered investor to its cap table and Yotta ......
Avendus set to hit first close of third late-stage investment fund
Mumbai-based investment banking and asset management firm Avendus Capital is set to hit the first close of its third alternative investment fund for private market deals, a person with direct knowledge of the matter told VCCircle. The firm could announce the first close of the Avendus Future Leaders Fund III, which ......
Proparco has ‘a lot of things cooking’ in India: Diane Jegam
India is a complicated market and climate change can be a tricky subject for investments in such a market. Still, the French government-backed development financial institution Proparco has dug in its heels. “A lot of things are cooking,” says Diane Jegam, regional director for South Asia at Proparco, which is now ......
Grapevine: Avendus Capital, Imperial Blue, KKR, OTPP, Akzo Nobel, InCred, and Enel Group in news
The sale process of Pernod Ricard’s Imperial Blue whiskey, Akzo Nobel India Ltd, Enel Group’s renewable energy assets in India and KKR’s stake in Avendus Capital has gathered momentum, according to various media reports. Also in news, KKR and OTPP are set to invest in Highways Infrastructure Trust and InCred ......
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