Grapevine: Carlyle-backed Varmora eyes funding; Axis Cap appoints new ECM head
Sanitaryware maker Varmora Granito, backed by Carlyle Group, is seeking to raise $100-150 million (Rs 836-1,254crore) in a pre-IPO round, valuing the company at nearly $600 million, a media report said. The fundraising will include both primary and secondary investments from private equity investors, with significant interest from funds such as GIC and ......
Grapevine: Nomura joins race for Avendus; Adani Wilmar owners to pare stake
Nomura, Japan's largest investment bank, has entered the race to acquire Indian investment bank Avendus, shifting from its role as an advisor to a potential bidder, a media report said. The sale has drawn interest from Japan’s Mizuho and the US buyout firm Carlyle. KKR, which holds a 63% stake, is seeking a valuation of Rs ......
Grapevine: KKR, GIC eye Carlyle’s Nxtra stake; Reliance Retail Ventures to raise funds
Private equity firm Carlyle Group has initiated formal discussions with potential buyers to sell its 24% stake in the data center subsidiary of Bharti Airtel, Nxtra Data, a media report said. Among the potential buyers are sovereign wealth funds such as the Abu Dhabi Investment Authority and Singapore's GIC, as well as global private equity giant KKR, ......
Grapevine: Three firms make cut for Avendus; suitors line up for HUL ice-cream unit
Carlyle, Premji Invest, and Japan's Mizuho Financial Group are vying to acquire a controlling stake in Avendus Capital, currently owned by KKR, a media report said. The three bidders advanced after an initial round of screening, which also saw interest from private equity players TPG Capital and TA Associates. Due diligence is underway, with final offers expected by the ......
Exclusive: Blackstone, Carlyle, others eye controlling stake in Indian healthcare firm
Private equity behemoth Blackstone is among a clutch of bulge-bracket global investors who are in the race to pick up a controlling stake in an Indian healthcare company, three people aware of the development told VCCircle. Blackstone, which struck its first hospital deal in India last year and invested $1 billion to ......
Warburg, Carlyle, others in fray for stake in healthcare tech solutions provider
A string of global buyout firms including Thoma Bravo, CVC Capital, Carlyle, Platinum Equity and Warburg Pincus are evaluating an investment in a healthcare firm backed by a leading homegrown private equity player, at least two people aware of the development told VCCircle. The PE firms are looking to acquire a ......
Indian, global PE firms plan food service platforms, encircle QSR players
A number of foreign and Indian private equity firms are approaching quick-service restaurant (QSR) brands in several categories as they explore the possibility of separately creating food service platforms in the country, three people aware of the developments told VCCircle. The PE firms are likely to invest in larger brands to ......
Grapevine: Carlyle-backed Hexaware taps i-banks for IPO; Mankind Pharma eyes Bharat Serum
US private equity giant Carlyle has assembled a syndicate of five investment banks to facilitate the forthcoming IPO of portfolio firm Hexaware Technologies, a media report said. The syndicate includes Kotak Mahindra Capital, Citi, JP Morgan, IIFL Capital, and HSBC Securities. The IPO is intended to offer Carlyle a partial ......
Grapevine: PEs, others eye Theobroma; layoffs lead to closure murmur at ReshaMandi
At least four entities, including Switz Group and private equity firms Kedaara Capital, Carlyle, and ChrysCapital, have submitted non-binding bids for a majority stake in Indian bakery chain Theobroma, a media report said. VCCircle first reported that US investment giant Carlyle Group, US-based General Atlantic, Advent International, and India’s ChrysCapital are evaluating investing in the bakery chain. Non-binding bids were submitted ......
Carlyle-backed Indegene makes another overseas acquisition
Indegene, a technology-led healthcare solutions provider to biopharmaceutical, biotech and medical devices companies, has acquired another overseas company to ramp up its service offerings. The Indian company, which is backed by US-based private equity firm Carlyle, has purchased medical writing consultancy firm Trilogy Writing & Consulting GmbH. Indegene said in a statement Trilogy's acquisition will ......
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