Grapevine: Jubilant Group, Goldman Sachs, HDFC, Zetwerk, and LG Electronics in news
The Bhartia family is in talks with a marquee investment bank to jointly acquire stake in Hindustan Coca-Cola Beverages, while HDFC Bank plans to sell several commercial properties inherited from its merger with mortgage lender HDFC, according to media reports. Also in news, Peak XV-backed Zetwerk is exploring fundraising options, ......
Searchlight: Has restaurant chain China Gate hit the growth wall?
About three decades ago, Darjeeling native Krishna Tamang set up a streetside cart selling Chinese food in the suburbs of Mumbai. Tamang has come a long way since the humble beginning and his ChinaGate Restaurants Pvt Ltd today operates 24 upscale restaurants across eight prime locations in India’s financial capital. These ......
Nuveen-backed FlexiLoans plans pre-IPO round, aims for $1 bn AUM
MSME-focused lender FlexiLoans, which earlier this year raised Rs 290 crore or $34.5 million in a series C round, plans to hit the street again in about 18 months. This will be part of its planned launch of an initial public offering (IPO) in the financial year ending March 2028, a top ......
Bottomline: How CleanMax fared in first year under Brookfield’s control
In April last year, Canadian alternative asset manager Brookfield signed a deal to ramp up its India renewable energy portfolio. The deal, announced in June last year, involved Brookfield investing $360 million (about Rs 3,000 crore) via a primary infusion of capital and a secondary share purchase to acquire a ......
Grapevine: Bain, IndiaRF, Zepto, SBI Ventures, and Toddle in news
Bain Capital is in advanced discussions to acquire a controlling stake in a gold loan company, while a fund backed by it, India Resurgence Fund, is in talks for a similar deal with a specialty chemicals firm, according to media reports. Also in news, Zepto and Toddle may raise fresh ......
Private credit firm Ruya Partners strikes fourth bet from debut fund
Ruya Partners, an Abu Dhabi-based private credit firm that is raising its $250-million target debut fund, has struck its fourth bet. The firm has invested in one of the largest technology-enabled food and beverage groups in the UAE, taking its total deployment to around $85 million so far. The firm, backed by ......
Former Investcorp executive floats own asset management firm
Mubadala-backed alternative investment firm Investcorp’s former top executive has rolled out an asset management firm that will deploy capital in the financial services sectors of the Gulf and global south regions, particularly focusing on themes such as private equity and real assets. Bahrain-based Investcorp’s former co-CEO Hazem Ben-Gacem, who stepped down ......
TDK Ventures ropes in former Ola exec to head India investments
TDK Ventures, the venture capital arm of Tokyo-based electronics manufacturer TDK Corporation, has roped in a former Ola executive to head its India investments. The firm, which was established in 2019 and invests in startups that work in the materials science, energy and deep-tech space, has appointed Ravi Jain, the ......
Grapevine: Adani eyes another cement maker; SP Group firm raising funding
Adani Group is close to acquiring a 46.64% stake in ITD Cementation India for Rs 5,889 crore ($700 million), including a mandatory open offer, a media report said. The deal, aimed at strengthening Adani’s civil engineering capabilities, is expected to be announced soon, The Economic Times reported, citing people aware ......
Korys’ Subramanian on raising India exposure, investment strategy and more
Korys Investments, the family office of the Belgium-based Colruyt Group, had committed $50 million (nearly Rs 418 crore) for investments in India. It has exhuasted most of this corpus, and is now looking to raise the bet. The firm, which invests in private equities and also makes direct investments in ......
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