Grapevine: JSW Energy, Lite Bite, BluPine, Table Space, and HDB Financial in news
JSW Neo Energy has emerged as the frontrunner to acquire O2 Power and shareholders of Lite Bite Foods is in talks to sell a minority stake, according to various media reports. Also in news, investment bankers have approached Actis with potential offers for BluPine Energy, Table Space has started work ......
How Actis-backed BluPine Energy is sharpening focus on commercial, industrial segment
BluPine Energy, the Indian renewable energy platform of private equity firm Actis, could soon make its biggest foray yet in the commercial and industrial segment even as it considers raising its C&I target, a senior executive told VCCircle. The company is set to ink power purchase agreements (PPAs) for up to ......
BluPine CEO on consolidation and why ‘obsession’ with low solar, wind tariffs must end
The UK-based private equity firm Actis is building its third renewable energy platform in India, BluPine Energy, after setting up and selling Ostro Energy and Sprng Energy in the past. Actis will deploy $800 million to grow BluPine and is taking a different approach than Ostro and Sprng. In an interview with VCCircle, BluPine CEO Neerav Nanavaty talks about the company's expansion plan and implementation challenges. ......
How Actis’ BluPine differs from its previous two India green energy platforms
The UK-based private equity firm Actis is moving away from plain vanilla wind and solar power generation projects and will focus on hybrid ones as it goes about deploying $800 million in India’s renewable energy sector via its third investment vehicle BluPine Energy, a top executive said. BluPine is also consciously adopting an approach different from Actis’ previous two ......
Grapevine: Actis, Sembcorp eye Brookfield assets; GIC, Blackstone property deal falls
Private equity firm Actis' renewable energy platform BluPine Energy and Sembcorp Industries Ltd are among those considering the acquisition of Brookfield Renewable's 1.6 gigawatt (GW) portfolio in India, valued at around $800 million, a media report said. JP Morgan is managing the sale process for the portfolio, which includes 1 GW ......
Avendus’ Prateek Jhawar on dealmaking trends, family offices’ interest in real assets and more
Mumbai-based Avendus Capital was among the top investment banks in India during 2023 for both private equity and merger and acquisition transactions. It advised on several deals in the tech domain such as the $500-million investment in Lenskart by Abu Dhabi Investment Authority as well as many transactions in the ......
Actis makes over $200-mn monetisation move from biggest India bet
Private equity firm Actis, which had a rather quiet 2023 in India after a hectic 2022 when it struck deals worth over $1 billion, has kicked off the new year with a move to monetise its biggest local bet. The emerging markets-focused PE firm had stitched at least four transactions in India ......
Actis taps Asian investor for climate fund with India mandate
The UK-based private equity firm Actis, which launched a fund in February to invest in climate transition opportunities across Asia, has tapped a multilateral financial institution as a limited partner for the investment vehicle. The alternative asset manager, which is building its third renewable energy platform in India, has brought on ......
How Actis retuned its India play to strike bigger, bolder bets
For British infrastructure and real estate-focused private equity firm Actis, 2022 was a busy year in India. In November, Actis-owned investment vehicle BluPine Energy acquired a 404 MW pan-India solar portfolio from the Atha Group. The deal came just months after Actis launched BluPine and committed $800 million to the platform ......
Swiss PE firm Partners Group eyeing majority stake in Sunsure Energy
Partners Group AG, a Switzerland-based private equity (PE) firm, is planning to invest $300 million in leading rooftop solar firm Sunsure Energy for a majority stake, two people aware of the development said. The private equity firm plans to grow Sunsure, one of India’s largest solar rooftop engineering, procurement and construction ......
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