KKR, Investcorp vying for Abu Dhabi's district cooling business
KKR and I Squared Capital are among global asset managers bidding for a district cooling business owned by Abu Dhabi's Multiply Group, part of a $1.5 trillion empire overseen by one of the UAE's most powerful Sheikhs, three sources said. District cooling plants, which deliver chilled water via insulated pipes to ......
Investcorp settles rule violation case with SEBI for India real estate fund
Bahrain-based asset manager Investcorp and four of its current and former executives have settled a case pertaining to violations of alternative investment fund regulations with the Securities and Exchange Board of India. Investcorp and the executives settled the matter by paying a fee of Rs 25.5 lakh to the capital ......
Investcorp appoints former Tech Mahindra exec as senior operating partner
Bahrain-based alternative investment firm Investcorp has appointed former Tech Mahindra executive Vivek Agarwal its Senior Operating Partner for India operations. Agarwal will lead the firm’s expansion into opportunities in the software and software services sectors, Investcorp said in a statementt. As part of this new role, Agarwal will also join the ......
Investcorp could consider listing in 3-5 years, eyes US retirement savings
Investcorp could consider a public listing in the next three to five years, its vice chairman said on Friday, as the Middle East's biggest alternative investment firm targets a doubling of its assets under management to $100 billion. Rishi Kapoor, who is also Investcorp's chief investment officer, told the Reuters Global ......
Somerset-backed Printmann Offset picks up controlling stake in packaging firm
Packaging company Printmann Offset Pvt Ltd, which is backed by healthcare-focussed private equity firm Somerset Indus Capital Partners, has acquired a controlling stake in a South Indian paper packaging company that caters specifically to the pharmaceutical sector. Mumbai-based Printmann, which makes cartons, labels, leaflets, foils and other packaging products, has bought a ......
SVC promotes key finance executive to CFO
Riyadh’s state-owned Saudi Venture Capital (SVC), which manages assets worth $3 billion, has promoted Hamad Alkharashi, its senior finance director, to chief financial officer. In his new role, Alkharashi will oversee SVC's financial strategy as the organization deploys capital in both funds and direct investments. This aligns with SVC’s objective of ......
InCred’s maiden PE fund hits final close, taps greenshoe option
InCred Alternative Investments, part of the financial services group InCred, has marked the final close of its maiden private equity fund, a top executive told VCCircle. The fund has mopped up over Rs 575 crore ($67 million) after partially exercising its greenshoe option, said Vivek Singla, managing partner and CIO of private equity ......
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