Grapevine: Advent International, VIP Industries, Groww, Razorpay, EESL, and NIIF in news
Advent International is in advanced talks to acquire a controlling stake in a luggage company, while Energy Efficiency Services is preparing to divest its stake in a smart meter joint venture, according to various media reports. Also in news, Groww and Razorpay may see a cut in valuation. Advent International Advent International ......
Advent, Jhunjhunwala family-backed companies get SEBI nod for IPO
A packaging products maker backed by private equity firm Advent International and a healthcare technology company backed by the family of late stock market investor Rakesh Jhunjhunwala have received regulatory approval to float their respective initial public offerings (IPOs). The Securities and Exchange Board of India (SEBI) has issued its ......
Advent-controlled Suven Pharma appoints former Piramal exec as chairman
Private equity firm Advent International-controlled Suven Pharmaceuticals Ltd has appointed former Piramal Pharma Solutions Ltd’s chief executive officer Vivek Sharma as its new executive chairman with immediate effect. Sharma succeeds Annaswamy Vaidheesh, who is transitioning from the board to serve as vice-chair of Suven’s Advisory Council, the Hyderabad-based drugmaker said in ......
Advent eyes benchmark returns from second portfolio exit in 2024
Global private equity firm Advent International, which has been active in India this year having struck an exit from Bharat Serums and making fresh bets in two companies, is now looking to hit the sell button on a portfolio company through an initial public offering. The US-based PE firm intends to partially ......
eSanchari.com: Redefining Holiday Planning with an All-in-One Ticket Booking Solution
In a transformative move for travellers, eSanchari.com is revolutionizing the holiday planning landscape with a comprehensive ticket booking app that caters to every kind of traveller. Combining diverse activities and unique experiences into a single platform, eSanchari.com is streamlining how people plan and enjoy their holidays. From thrilling adventures to ......
Grapevine: TPG may lead edtech firm’s funding; Advent mulls Manjushree monetisation
Eruditus, an Indian edtech startup, is nearing a $150 million funding round led by TPG, a media report said. This would be the largest fundraising by an Indian education firm in recent years. The new investment could value Eruditus at up to $2.3 billion, contingent on achieving performance targets, Techcrunch reported, ......
ADIA teams up with Advent International to buy into US money manager
Fisher Investments on Sunday said U.S.-based private equity firm Advent International and a unit of the Abu Dhabi Investment Authority (ADIA) have agreed to acquire a minority stake in the money-management firm valuing it at $12.75 billion. Fisher Investments said the investment will be in the range of $2.5 billion to ......
Mankind Pharma to buy Bharat Serums as Advent International exits
Mankind Pharma Ltd has agreed to acquire Bharat Serums and Vaccines Ltd (BSV) from private equity firm Advent International for an enterprise value of about Rs 13,630 crore ($1.63 billion). The move marks a "significant leap" for Mankind Pharma, positioning it as a market leader in the Indian women's health and ......
Advent International to invest $296 mn in Apollo Hospital unit
US-based private equity firm Advent International has agreed to invest Rs 2,475 crore ($296 million) to pick up a minority stake in Apollo HealthCo Ltd, a subsidiary of Apollo Hospitals Enterprise Ltd. The transaction would enable the merger of two units under Apollo Healthco—wholesale pharma distribution vertical Keimed Pvt Ltd and ......
Exclusive: Advent’s healthcare investment platform mulls betting on south Indian API maker
Advent, one of the world’s biggest private equity players, is evaluating an investment in a Chennai-based active pharmaceutical ingredient (API) company through its pharma platform Cohance, three people aware of the development told VCCircle on condition of anonymity. The PE firm, which rebranded its API and CDMO platform to Cohance in ......
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