GIC takes majority stake in TPG's India-anchored healthcare platform
Singapore’s sovereign wealth fund GIC has doubled down on its investment in Asia Healthcare Holdings (AHH), a single-specialty hospitals platform it backs alongside US-based private equity firm TPG, emerging as its largest shareholder. GIC has committed an additional $150 million (Rs 1,274 crore) to AHH, largely structured as a secondary transaction, raising ......
Advent, TPG-backed KreditBee plans $150 mn pre-IPO round
Lending startup KreditBee, which counts private equity firms Motilal Oswal Alternates, TPG NewQuest and Advent International as its investors, is planning to raise over $150 million (about Rs 1,270 crore) in a new round of funding, a top executive told VCCircle. The planned round could be its final fundraising exercise from ......
TPG-backed Shadowfax swings to operating profit for FY24 as quick commerce booms
Shadowfax Technologies, a logistics startup backed by private equity firm TPG, turned operationally profitable in the last financial year as it benefited from growth in omnichannel retailers and quick commerce services, a top executive told VCCircle. The Bengaluru-based startup, which is gearing up for a public listing in the coming year, ......
Grapevine: EQT, Indira IVF, Siemens, TPG, Hinduja Group, and Aviom India Housing in news
EQT AB is exploring an initial public offering for one of its healthcare portfolio and TPG Inc. is nearing a deal to acquire a wind energy assets, according to various media reports. Also in news, Hinduja Group is in discussions for a second funding round to support an acquisition, and ......
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 ......
Goldman Sachs-backed Aragen Life Sciences weighs IPO, in talks with bankers
Aragen Life Sciences Ltd, a contract drug development and manufacturing company backed by private equity funds managed by Goldman Sachs, is considering an initial public offering and has initiated talks with bankers, two people aware of the development told VCCircle. Aragen, which was formerly known as GVK Biosciences and renamed in ......
Blackstone earns a bonanza as CARE Hospitals merging with Aster DM Healthcare
Aster DM Healthcare Ltd has agreed to merge with Quality Care India Ltd, the operator of CARE Hospitals, in a deal that will turn out to be a bonanza for US-based private equity firms Blackstone and TPG. Aster DM Healthcare said Friday that Quality Care will merge with it to create India’s ......
360 One Asset's Tarun Sharma on investment thesis, sweet spots in Indian healthcare and more
Private equity giant Bain Capital-backed asset manager 360 One Asset is currently underway raising capital for its latest vehicle, the Healthcare Opportunities Fund. To be sure, 360 One (erstwhile IIFL Asset Management), is targetting to raise Rs 1,000 crore (nearly $118 million) for this fund, which will have a ticket size ......
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: Blackstone, Ayana Renewable Power, GIC, and Asia Healthcare in news
Blackstone Inc and Sattva Group are set to file draft papers for an REIT IPO, a joint venture of ONGC and NTPC Green is nearing a deal to acquire a renewable power asset and Singapore’s GIC is set to increase its stake in Asia Healthcare Holdings, according to various media ......
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