Macquarie, Advent platforms plan new deals; ChrysCap raises $700 mn; Arpwood, JPMorgan clock exits

Trouble viewing this email? [View in web browser](=/0/aHR0cHM6Ly9hc3NldHMudmNjaXJjbGUuY29tL25ld3NsZXR0ZXIvMjAyNC8wNC9kYWlseS92Y2MtZGFpbHktbmV3c2xldHRlci0yMDI0LTA0LTMwLmh0bWw=/663112d7cc78b5386a616b30-20240430) [VCCircle](=/1/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tLw==/663112d7cc78b5386a616b30-20240430) Tuesday, 30 Apr 2024 =/2/aHR0cHM6Ly9scHN1bW1pdC52Y2NldmVudHMuY29tL2R1YmFpLw==/663112d7cc78b5386a616b30-20240430 Private Equity [Macquarie plans India smart metering platform, starts talks with local firms](=/3/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL21hY3F1YXJpZXBsYW5zLWluZGlhLXNtYXJ0LW1ldGVyaW5nLXBsYXRmb3JtLXN0YXJ0cy10YWxrcy13aXRoLWxvY2FsLWZpcm1z/663112d7cc78b5386a616b30-20240430) Macquarie Capital, the investment arm of Australia’s Macquarie Group, is looking to set up a platform for smart metering projects in India and is in...... [Read more](=/4/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL21hY3F1YXJpZXBsYW5zLWluZGlhLXNtYXJ0LW1ldGVyaW5nLXBsYXRmb3JtLXN0YXJ0cy10YWxrcy13aXRoLWxvY2FsLWZpcm1z/663112d7cc78b5386a616b30-20240430) --------------------------------------------------------------- Private Equity [ChrysCapital raises $700 mn to keep NSE stake, return capital to sixth fund’s LPs](=/5/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2NocnlzY2FwaXRhbHJhaXNlcy03MDAtbW4tdG8ta2VlcC1uc2Utc3Rha2UtcmV0dXJuLWNhcGl0YWwtdG8tc2l4dGgtZnVuZC1zLWxwcw==/663112d7cc78b5386a616b30-20240430) Private equity firm ChrysCapital said Tuesday it has raised $700 million (about Rs 5,840 crore) for a “continuation fund” to acquire the stake ...... [Read more](=/6/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2NocnlzY2FwaXRhbHJhaXNlcy03MDAtbW4tdG8ta2VlcC1uc2Utc3Rha2UtcmV0dXJuLWNhcGl0YWwtdG8tc2l4dGgtZnVuZC1zLWxwcw==/663112d7cc78b5386a616b30-20240430) --------------------------------------------------------------- Venture Capital [JPMorgan reaps neat money from India portfolio despite a setback](=/7/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2pwbW9yZ2FucmVhcHMtbmVhdC1tb25leS1mcm9tLWluZGlhLXBvcnRmb2xpby1kZXNwaXRlLWEtc2V0YmFjaw==/663112d7cc78b5386a616b30-20240430) Global financial services firm JPMorgan's asset management arm has pressed the exit button on an Indian portfolio company it picked as part of a ...... [Read more](=/8/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2pwbW9yZ2FucmVhcHMtbmVhdC1tb25leS1mcm9tLWluZGlhLXBvcnRmb2xpby1kZXNwaXRlLWEtc2V0YmFjaw==/663112d7cc78b5386a616b30-20240430) --------------------------------------------------------------- Private Equity [Arpwood Partners scores big returns from domestic small finance lender](=/9/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2FycHdvb2RwYXJ0bmVycy1zY29yZXMtYmlnLXJldHVybnMtZnJvbS1kb21lc3RpYy1zbWFsbC1maW5hbmNlLWxlbmRlcg==/663112d7cc78b5386a616b30-20240430) Arpwood Partners, a private equity investment firm floated by former Carlyle India head Rajeev Gupta, Raj Kataria and Amol Jain, has scored a rich ...... [Read more](=/10/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2FycHdvb2RwYXJ0bmVycy1zY29yZXMtYmlnLXJldHVybnMtZnJvbS1kb21lc3RpYy1zbWFsbC1maW5hbmNlLWxlbmRlcg==/663112d7cc78b5386a616b30-20240430) --------------------------------------------------------------- =/11/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2FkdmVudHMtaW52ZXN0bWVudC1wbGF0Zm9ybS1jb2hhbmNlLWV5ZXMtc291dGgtaW5kaWFuLWFwaS1tYWtlcg==/663112d7cc78b5386a616b30-20240430 Private Equity [Exclusive: Advent’s healthcare investment platform mulls betting on south Indian API maker](=/12/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2FkdmVudHMtaW52ZXN0bWVudC1wbGF0Zm9ybS1jb2hhbmNlLWV5ZXMtc291dGgtaW5kaWFuLWFwaS1tYWtlcg==/663112d7cc78b5386a616b30-20240430) Advent, one of the world’s biggest private equity players, is evaluating an investment in a Chennai-based active pharmaceutical ingredient (API) ...... [Read more](=/13/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2FkdmVudHMtaW52ZXN0bWVudC1wbGF0Zm9ybS1jb2hhbmNlLWV5ZXMtc291dGgtaW5kaWFuLWFwaS1tYWtlcg==/663112d7cc78b5386a616b30-20240430) --------------------------------------------------------------- Private Equity [Ex-Motilal Oswal exec Mittal’s new realty fund sets sight on first close](=/14/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2V4bW90aWxhbC1vc3dhbC1leGVjLW1pdHRhbC1zLW5ldy1yZWFsdHktZnVuZC1zZXRzLXNpZ2h0LW9uLWZpcnN0LWNsb3Nl/663112d7cc78b5386a616b30-20240430) The real estate investment vehicle floated by former Motilal Oswal Real Estate (MORE) head Sharad Mittal is likely to mark its first fundraising ...... [Read more](=/15/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2V4bW90aWxhbC1vc3dhbC1leGVjLW1pdHRhbC1zLW5ldy1yZWFsdHktZnVuZC1zZXRzLXNpZ2h0LW9uLWZpcnN0LWNsb3Nl/663112d7cc78b5386a616b30-20240430) --------------------------------------------------------------- M&A [Temasek-backed Manipal Hospitals now scouts for M&A targets in South India](=/16/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3RlbWFzZWtiYWNrZWQtbWFuaXBhbC1ob3NwaXRhbHMtbm93LXNjb3V0cy1mb3ItbS1hLWJldHMtaW4tc291dGgtaW5kaWE=/663112d7cc78b5386a616b30-20240430) Temasek-backed Manipal Hospitals, which on Monday announced an agreement to acquire an 87% stake in Kolkata-based hospital chain Medica Synergie, ...... [Read more](=/17/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3RlbWFzZWtiYWNrZWQtbWFuaXBhbC1ob3NwaXRhbHMtbm93LXNjb3V0cy1mb3ItbS1hLWJldHMtaW4tc291dGgtaW5kaWE=/663112d7cc78b5386a616b30-20240430) --------------------------------------------------------------- =/18/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2JvdHRvbWxpbmVsaXZwdXJlLXMtcmV2ZW51ZS1vbi1hbi11cHdhcmQtdHJhamVjdG9yeS1sb3NzZXMtbmFycm93/663112d7cc78b5386a616b30-20240430 Consumer [Bottomline: Livpure's revenue on an upward trajectory, losses narrow](=/19/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2JvdHRvbWxpbmVsaXZwdXJlLXMtcmV2ZW51ZS1vbi1hbi11cHdhcmQtdHJhamVjdG9yeS1sb3NzZXMtbmFycm93/663112d7cc78b5386a616b30-20240430) Water purifying brand Livpure, which is owned by Gurugram-based SAR Group, appears to have cracked the code to mitigate its operational challenges ...... [Read more](=/20/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2JvdHRvbWxpbmVsaXZwdXJlLXMtcmV2ZW51ZS1vbi1hbi11cHdhcmQtdHJhamVjdG9yeS1sb3NzZXMtbmFycm93/663112d7cc78b5386a616b30-20240430) --------------------------------------------------------------- Venture Capital [Former Integrow execs float real estate fund; aim first close by June](=/21/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2Zvcm1lcmludGVncm93LWV4ZWNzLWZsb2F0LXJlYWwtZXN0YXRlLWZ1bmQtYWltLWZpcnN0LWNsb3NlLWJ5LWp1bmU=/663112d7cc78b5386a616b30-20240430) Former executives at Aurum Proptech-backed Integrow Asset Managers—Abhijit Das and Vijay Mohta—have floated a new investment vehicle for ...... [Read more](=/22/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2Zvcm1lcmludGVncm93LWV4ZWNzLWZsb2F0LXJlYWwtZXN0YXRlLWZ1bmQtYWltLWZpcnN0LWNsb3NlLWJ5LWp1bmU=/663112d7cc78b5386a616b30-20240430) --------------------------------------------------------------- Markets [SEBI allows foreign funds at GIFT City to take full investment from NRIs](=/23/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3NlYmlhbGxvd3MtZm9yZWlnbi1mdW5kcy1hdC1naWZ0LWNpdHktdG8tdGFrZS1mdWxsLWludmVzdG1lbnQtZnJvbS1ucmlz/663112d7cc78b5386a616b30-20240430) India's market regulator said on Tuesday that foreign funds set up at GIFT City in Gujarat state can take full investment from non-resident ...... [Read more](=/24/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3NlYmlhbGxvd3MtZm9yZWlnbi1mdW5kcy1hdC1naWZ0LWNpdHktdG8tdGFrZS1mdWxsLWludmVzdG1lbnQtZnJvbS1ucmlz/663112d7cc78b5386a616b30-20240430) --------------------------------------------------------------- Venture Capital [IvyCap marks final close of third fund at $250 mn](=/25/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2l2eWNhcG1hcmtzLWZpbmFsLWNsb3NlLW9mLXRoaXJkLWZ1bmQtYXQtMjUwLW1u/663112d7cc78b5386a616b30-20240430) Homegrown venture capital firm IvyCap Ventures, which has backed startups such as Purplle, Clovia, BlueStone among others, has marked the final close ...... [Read more](=/26/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2l2eWNhcG1hcmtzLWZpbmFsLWNsb3NlLW9mLXRoaXJkLWZ1bmQtYXQtMjUwLW1u/663112d7cc78b5386a616b30-20240430) --------------------------------------------------------------- Private Equity [UK's BII leads $19 mn round for EV infra startup Charge Zone](=/27/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3Vrcy1iaWktbGVhZHMtMTktbW4tcm91bmQtZm9yLWV2LWluZnJhLXN0YXJ0dXAtY2hhcmdlLXpvbmU=/663112d7cc78b5386a616b30-20240430) Charge Zone, an electric vehicle (EV) charging startup, has raised $19 million (Rs 158 crore) in a funding round from British International Investment...... [Read more](=/28/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3Vrcy1iaWktbGVhZHMtMTktbW4tcm91bmQtZm9yLWV2LWluZnJhLXN0YXJ0dXAtY2hhcmdlLXpvbmU=/663112d7cc78b5386a616b30-20240430) --------------------------------------------------------------- Transportation [GoFirst lenders to mull liquidation after chances of revival get thinner](=/29/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2dvZmlyc3RsZW5kZXJzLXRvLW11bGwtbGlxdWlkYXRpb24tYWZ0ZXItY2hhbmNlcy1vZi1yZXZpdmFsLWdldC10aGlubmVy/663112d7cc78b5386a616b30-20240430) Lenders to India's Go First will meet later this week to discuss options for the bankrupt airline, including liquidation, after a court order ...... [Read more](=/30/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2dvZmlyc3RsZW5kZXJzLXRvLW11bGwtbGlxdWlkYXRpb24tYWZ0ZXItY2hhbmNlcy1vZi1yZXZpdmFsLWdldC10aGlubmVy/663112d7cc78b5386a616b30-20240430) --------------------------------------------------------------- Venture Capital [Equirus' VC platform strikes first bet; vHub.ai raises seed funding](=/31/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2VxdWlydXN2Yy1wbGF0Zm9ybS1zdHJpa2VzLWZpcnN0LWJldC12aHViLWFpLXJhaXNlcy1zZWVkLWZ1bmRpbmc=/663112d7cc78b5386a616b30-20240430) E-mobility startup PointO and influencer marketing company vHub.ai raised early-stage funding, the companies said on Tuesday. PointOPointO has raised...... [Read more](=/32/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2VxdWlydXN2Yy1wbGF0Zm9ybS1zdHJpa2VzLWZpcnN0LWJldC12aHViLWFpLXJhaXNlcy1zZWVkLWZ1bmRpbmc=/663112d7cc78b5386a616b30-20240430) --------------------------------------------------------------- Markets [Sensex, Nifty end third consecutive month in the green on good Q4 results](=/33/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3NlbnNleG5pZnR5LWVuZC10aGlyZC1jb25zZWN1dGl2ZS1tb250aC1pbi10aGUtZ3JlZW4tb24tZ29vZC1xNC1yZXN1bHRz/663112d7cc78b5386a616b30-20240430) Indian shares logged their third straight month of gains on strong quarterly earnings by behemoths, even as the benchmarks reversed early gains to ...... [Read more](=/34/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3NlbnNleG5pZnR5LWVuZC10aGlyZC1jb25zZWN1dGl2ZS1tb250aC1pbi10aGUtZ3JlZW4tb24tZ29vZC1xNC1yZXN1bHRz/663112d7cc78b5386a616b30-20240430) --------------------------------------------------------------- General [Grapevine: CX Partners starts Veeda Clinical sale process; Ola CEO departs amid job cuts](=/35/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2dyYXBldmluZWN4LXBhcnRuZXJzLXN0YXJ0cy12ZWVkYS1jbGluaWNhbC1zYWxlLXByb2Nlc3Mtb2xhLWNlby1kZXBhcnRzLWFtaWQtam9iLWN1dHM=/663112d7cc78b5386a616b30-20240430) CX Partners, a mid-market private equity firm, has started the process to divest its majority stake in Veeda Clinical Research, an independent ...... 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