ReghuBalakrishnan
Stories by ReghuBalakrishnan
Temasek in talks to acquire stake in India’s Pine Labs for up to $400m
Temasek is likely to buy the stake from Sequoia Capital and promoters, in a deal that will value Pine Labs at $1 billion.
India: Former Providence PE director Varun Laul to join Zodius
Providence, which manages assets worth $54 billion in PE and credit businesses, exited India last year but retained Laul to manage its existing portfo
KKR India realty investments co-head Ashish Khandelia resigns, to set up own fund
Under Khandelia’s leadership, KKR has deployed more than a $1 billion in various real estate projects in India.
Advent, Carlyle, General Atlantic in shortlist to buy Pepe’s India arm
The parent company of Pepe Jeans India is looking for a valuation of Rs2,000 crore for the business.
True North in talks to buy 26% stake in Federal Bank’s NBFC
True North, an active investor in NBFCs, bought a majority stake in Mumbai-based Home First Finance Co. India Pvt. Ltd for $100 million last year.
India: Warburg set to exit Avtec, sell 30% stake to promoter C K Birla Group
In the last couple of years, Warburg Pincus has seen several exits (part or complete) from its Indian portfolio.
India: PE firm Kedaara Capital may buy Munjals’ Sunbeam Auto for $100m
If the deal materializes, this would be Kedaara’s second investment in an auto parts maker. Kedaara used to own Bill Forge and sold it to Mahindra C
Multiples CFO and MD Prakash Nene resigns from private equity firm
Nene’s exit comes at a time when Multiples has started its roadshow to raise its third offshore fund with a size of $1 billion.
Blackstone’s new $4b Asia-focused fund gives India top billing
Besides India, the fund will look at investment opportunities in China, Australia, Japan and South Korea.
India: GE Energy-backed Atria Power plans $500m bond sale
Atria plans to develop 1,000MW of power projects with an investment of Rs3,000 crore over the next five years.
