Cipla Health weighs controlling stake in PE-backed nutrition brand
Cipla Health Ltd, the wholly-owned subsidiary and consumer healthcare arm of Cipla, is evaluating a majority stake purchase in a private equity-backed nutrition brand as part of the parent company's focus on expanding its presence in the wellness sphere, at least two people aware of the development told VCCircle. The company, ......
Grapevine: Temasek eyes hospital chain; Thyrocare weighs radiology ops divestment
Temasek Holdings is nearing a deal to acquire Peak XV's 18-20% stake in Bengaluru-based Cloudnine Hospitals for around $125 million (Rs 1,046 crore), a media report said. The transaction, which has been under negotiation for over 18 months, values the hospital chain at approximately $600 million, Mint reported, citing people aware of the matter. Peak XV, ......
Former TPG NewQuest exec floats PE fund for growth-stage bets
A former senior executive of TPG NewQuest, which has invested in companies such as ShadowFax, Halonix Technologies, and U Gro Capital, among others, has floated a new firm that will make investments across startups, growth stage companies, and public firms, VCCircle has learned. TPG NewQuest is a part of private equity firm TPG. Sachin ......
Grapevine: Aragen Life, Urban Company investors weigh stake sale
Promoters and investors in Aragen Life Sciences, the Goldman Sachs-backed contract research organisation (CRO), plan to sell a 10% stake in a pre-IPO round, valuing the company at Rs 10,000-12,000 crore ($1.5 billion), a media report said. Potential investors, including Quadria Capital and Denmark-based pharmaceutical firm Novo Nordisk, are in early talks for a minority stake, ......
Bluepeak strikes largest bet from inaugural fund
Bluepeak Private Capital, an alternative asset management firm that backs mid-market companies in Africa, has invested in an agro-commodities processor and exporter, marking the eighth commitment from its inaugural fund. The Tunisia-based investor with a presence also in Nairobi and London, has committed a $25 million investment in Robust, a pan-African ......
Women-focused AWE gets new LP for maiden India fund
Achieving Women Equity (AWE) Funds, a gender-centric investment firm that backs early growth-stage companies, has added a new limited partner (LP) for its maiden fund that it launched in 2022. The fund, which primarily targets investments in companies that promote the participation of women in the market, has received capital commitment from ......
Xponentia-backed The Souled Store back to profit as product mix, lesser marketing spends pay off
Direct-to-consumer pop-culture apparel brand The Souled Store, which is backed by venture capital firm Elevation Capital and growth-stage investor Xponentia Capital Partners, bounced back into the black for FY24, a senior executive told VCCircle. The Mumbai-based company's net profit likely jumped to Rs 10-15 crore in 2023-24, compared with a loss of ......
PE firms mull buying stake in Apex Hospitals as existing backer seeks exit
Rajasthan-based Apex Hospitals Pvt. Ltd is being evaluated by multiple private equity players for a potential stake buy, as current investor Somerset Indus Capital Partners seeks a full exit from the five-year old investment, it is learnt. According to at least two people aware of the development, mid-market healthcare-focussed PE firms ......
NIIF-controlled iBus gets new backer on board as another PE investor checks out
Digital infrastructure provider iBus Network and Infrastructure Pvt Ltd has brought on board International Finance Corporation (IFC), the private-sector investment arm of the World Bank Group, as a new investor. IFC has invested Rs 280 crore ($34 million) to pick up a minority stake in iBus, providing an exit to some ......
EQT-backed CitiusTech plans return to M&A street for European expansion
Healthtech firm CitiusTech is looking at possible acquisition targets to expand its business in Europe, as the company that counts Swedish private equity firm EQT as an investor returns to M&A street after a two-year gap. CitiusTech acquired one company each in 2020, 2021 and 2022 but went quiet thereafter as ......
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