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 ......
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 ......
Grapevine: Unacademy, Allen, Access Healthcare, Neuberg, KKR, others in news
At least four private equity firms are in a race to acquire a majority stake in Access Healthcare, Allen Career Institute is in advanced talks to merge Unacademy with itself and Kotak Pre-IPO Opportunities Fund is nearing a deal to acquire a 15% stake in a diagnostics company, according to ......
Deals Digest: Funding momentum jumps on back of four over $100 mn transactions
Overall funding secured by private companies touched multi-week highs as the cumulative value of capital raised touched nearly $1 billion, almost doubling from the last week’s total. The week gone by recorded four transactions valued over $100 million, with participation from large foreign investors including Singapore’s state-owned investor Temasek and Ontario ......
Grapevine: PAG, Manjushree, BofA, Abundantia, and Edelweiss Financial in news
Private equity firm PAG has agreed to acquire a majority stake in a packaging solutions company from another PE, while Abundantia Entertainment is seeking to raise funds and Bank of America Corp has seen three senior dealmakers in its India unit leave amid an internal probe into an alleged misconduct. Also ......
PremjiInvest eyes controlling stake in packaging firm
PremjiInvest, the family office of Wipro founder chairman Azim Premji, has joined the race to acquire a majority stake in a packaging firm amid renewed interest in the sector from alternative investment firms, at least two people aware of the development told VCCircle. PremjiInvest, which earlier this week announced an investment 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 ......
Packaging company Borkar in talks to seal fresh funding
Folding carton manufacturer Borkar Packaging Pvt. Ltd is in talks to raise capital from strategic suitors amidst renewed dealmaking activities in the sector, at least two people aware of the development told VCCircle. Goa-based Borkar Packaging is in talks with a few bigger peer companies to secure capital and the deal size ......
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, ......
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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