Venture capital funding in India hits $3.1 billion in fourth quarte: KPMG
This compares to $3.6 billion in the previous quarter, said a KPMG report With 294 deals, venture capital investment in India reached $3.1 billion in the fourth quarter of 2020, compared to $3.6 billion in the previous quarter, said a KPMG report. While VC investment dropped somewhat during the fourth quarter of 2020, India saw […]
Start-up funding dries up as GCC investor ecosystem adapts to pandemic
Some private equity players are also looking into venture capital space to participate in the tech play in the region The pandemic-hit GCC start-up funding ecosystem is in slowdown, with investors choosing more carefully where to place their bets in the wake of the market seeing a correction in valuation, according to experts and venture […]
Super League clubs reject private equity proposal
League Express understands that the Super League clubs have turned their backs on the prospect of attracting private equity investment – at least for the time being. The process of attracting private investment into the game has been a lengthy one, with arguments on both sides about its desirability. With several Super League clubs edging […]
New Century Hotel Gets Take-Private Offer From PE-Led Group
Sequoia China, Ocean Link plan to offer HK$1.51 billion in bid. Deal values New Century Hotel at about HK$5.2 billion. A consortium led by buyout firms has offered to take Zhejiang New Century Hotel Management Co. private in a deal that would value the hotel chain operator at about HK$5.2 billion ($670 million). Ocean Link […]
CDC Group Targets $1 Billion of African Investments in 2021
Funds earmarked for infrastructure, climate projects, finance. U.K.’s CDC partnering with Vodafone for Ethiopia telecom bid. CDC Group is planning about $1 billion in Africa investments this year in sectors including infrastructure and finance, and is part of a consortium considering a bid for a new telecommunications license in Ethiopia. The U.K. development-finance institution is […]
Private equity pushes into healthcare: 8 latest deals
There were more than 300 private equity deals in the healthcare industry in 2019, and the healthcare sector has continued to draw private equity investors over the past year. Here are eight private equity deals announced since Jan. 1: 1. Water Street Healthcare Partners invested in Southern Scripts, a Natchitoches, La.-based pharmacy benefit management company. […]
Private Equity Has Used the Same Recipe for Returns for Decades. That’s About to Change.
EY sees four megatrends combining to “upset the existing order” in private equity. Private equity firms need to make fundamental changes to their business model to catch up with technology transformation, investors’ focus on social issues and environmental damage from companies, and the potential for more scrutiny from regulators, according to a new report from […]
AirAsia Group to raise up to $113 million via private placement
(Reuters) – AirAsia Group plans to undertake a private placement to raise up to 454.5 million ringgit ($113 million) to address immediate and near-term cash flow requirements, the Malaysian budget airline group said on Thursday. The struggling airline, which reported a fifth straight quarterly loss in November as the pandemic took its toll on travel, […]
Buyout firm TPG in lead for stake in AT&T’s DirecTV
Private equity firm TPG has entered into exclusive talks to acquire a minority stake in AT&T Inc’s satellite TV division, DirecTV, in a deal that would allow the U.S. wireless carrier to trim its net debt of close to $150 billion, people familiar with the matter said on Friday. The exact price TPG is willing […]
Carey Olsen advises Montana Capital Partners on fifth secondary fund
Carey Olsen’s Jersey funds team has advised the Swiss investment advisor Montana Capital Partners AG on the launch of its fifth secondary fund, mcp Opportunity Secondary Programme V (mcp OSP V), which recently held its final closing at a hard cap of EUR1.3 billion in committed capital. Significant support from existing and new investors led […]
