April 2012
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Advent Intl to buy Care Hospitals stake

Private equity firm Advent International today said it will pick up an undisclosed stake in Hyderabad-based healthcare chain Care Hospitals for USD 105 million (Rs 534 crore). The PE firm said it will acquire shares from some of the existing investors and inject additional capital into the business. However, the business of the healthcare chain will continue to be run by the founders following the investment, Advent International said in a statement. When contacted, Advent India Director Avinash Mehra said: […]

April 2nd, 2012

Sebi may set minimum contribution by PE promoters at 2.5% of fund corpus instead of 5%

The Securities & Exchange Board of India, or Sebi, may relax rules stipulating minimum contribution by the sponsor or promoters in a private equity fund after hectic lobbying by the PE industry. New SEBI rules may peg the minimum contribution at 2.5% of the fund corpus as against 5% proposed earlier.

Globally, it is an established industry practice for a general partner or promoter to contribute a certain percentage to show commitment. Though not mandatory in most markets, the […]

April 2nd, 2012

Three PE funds invest Rs110 cr in agri, rail firms

Rabo Equity Advisors Pvt. Ltd, a farm and food-focused private equity (PE) firm, has invested Rs50 crore in Super Agri Seeds Pvt. Ltd. In a separate transaction, VenturEast Proactive Fund and Zephyr Peacock India agreed to invest Rs60 crore in e2E Rail, a services provider to railroad operators. While Hyderabad-based Super Agri Seeds is the eighth investment by Rabo Equity Advisors in India, it is the PE firm’s first investment in a seeds company, having acquired a significant minority stake. […]

April 2nd, 2012

Fortis in talks with PE firms for stake sale

Fortis Healthcare India Ltd, which runs the country’s second largest hospital chain, is planning to strike a deal with private equity (PE) investors. Ahead of that, the promoters will sell part of their stake in the company through the stock auction route. The move will help the Singh brothers, promoters of Fortis, reduce their stake in the company to levels prescribed by the stock market regulator for listed firms, and also provide Fortis with money to retire some of its […]

April 2nd, 2012