HCG gets another suitor; TA Associates, Brookfield strike deals; How Cube Highways' InvIT fared after listing

Trouble viewing this email? [View in web browser](=/0/aHR0cHM6Ly9hc3NldHMudmNjaXJjbGUuY29tL25ld3NsZXR0ZXIvMjAyNC8wNy9kYWlseS92Y2MtZGFpbHktbmV3c2xldHRlci0yMDI0LTA3LTExLmh0bWw=/668fefd5b62e5881b9cf1666-20240711) [VCCircle](=/1/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tLw==/668fefd5b62e5881b9cf1666-20240711) Thursday, 11 Jul 2024 =/2/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tLyNuZXdzbGV0dGVy/668fefd5b62e5881b9cf1666-20240711 =/3/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL29uY29sb2d5Y2hhaW4taGNnLWF0dHJhY3RzLWFub3RoZXItbWFycXVlZS1uYW1lLWZvci1jdmMtY2FwaXRhbC1zLXN0YWtl/668fefd5b62e5881b9cf1666-20240711 Private Equity [Oncology chain HCG attracts another marquee name for CVC Capital’s stake](=/4/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL29uY29sb2d5Y2hhaW4taGNnLWF0dHJhY3RzLWFub3RoZXItbWFycXVlZS1uYW1lLWZvci1jdmMtY2FwaXRhbC1zLXN0YWtl/668fefd5b62e5881b9cf1666-20240711) Another private equity giant has joined the list of global investors vying to acquire CVC Capital Partners' controlling stake in Healthcare ...... [Read more](=/5/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL29uY29sb2d5Y2hhaW4taGNnLWF0dHJhY3RzLWFub3RoZXItbWFycXVlZS1uYW1lLWZvci1jdmMtY2FwaXRhbC1zLXN0YWtl/668fefd5b62e5881b9cf1666-20240711) --------------------------------------------------------------- Private Equity [Bottomline: How PE-backed Cube Highways’ InvIT performed in its first year of listing](=/6/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2JvdHRvbWxpbmVob3ctcGUtYmFja2VkLWN1YmUtaGlnaHdheXMtaW52aXQtcGVyZm9ybWVkLWluLWl0cy1maXJzdC15ZWFyLW9mLWxpc3Rpbmc=/668fefd5b62e5881b9cf1666-20240711) Cube Highways Trust, the infrastructure investment trust (InvIT) backed by private equity firm I Squared Capital, eked out a yield of just over 10% ...... [Read more](=/7/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2JvdHRvbWxpbmVob3ctcGUtYmFja2VkLWN1YmUtaGlnaHdheXMtaW52aXQtcGVyZm9ybWVkLWluLWl0cy1maXJzdC15ZWFyLW9mLWxpc3Rpbmc=/668fefd5b62e5881b9cf1666-20240711) --------------------------------------------------------------- M&A [Suven Pharma mulls inorganic push for its core business](=/8/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3N1dmVucGhhcm1hLW11bGxzLWlub3JnYW5pYy1wdXNoLWZvci1pdHMtY29yZS1idXNpbmVzcw==/668fefd5b62e5881b9cf1666-20240711) Private equity giant Advent International-owned Suven Pharmaceuticals Ltd is scouting for acquisitions in the technology space to bolster its contract...... [Read more](=/9/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3N1dmVucGhhcm1hLW11bGxzLWlub3JnYW5pYy1wdXNoLWZvci1pdHMtY29yZS1idXNpbmVzcw==/668fefd5b62e5881b9cf1666-20240711) --------------------------------------------------------------- =/10/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2Jyb29rZmllbGRhZGRzLXRvLWluZGlhLXJlbmV3YWJsZXMtcG9ydGZvbGlvLXdpdGgtYWNxdWlzaXRpb24tb2YtbGVhcC1ncmVlbg==/668fefd5b62e5881b9cf1666-20240711 Private Equity [Brookfield adds to India renewables portfolio with acquisition of Leap Green](=/11/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2Jyb29rZmllbGRhZGRzLXRvLWluZGlhLXJlbmV3YWJsZXMtcG9ydGZvbGlvLXdpdGgtYWNxdWlzaXRpb24tb2YtbGVhcC1ncmVlbg==/668fefd5b62e5881b9cf1666-20240711) Canadian investment firm Brookfield Asset Management Inc has stepped up its play in India’s renewable energy sector with the acquisition of a ...... [Read more](=/12/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2Jyb29rZmllbGRhZGRzLXRvLWluZGlhLXJlbmV3YWJsZXMtcG9ydGZvbGlvLXdpdGgtYWNxdWlzaXRpb24tb2YtbGVhcC1ncmVlbg==/668fefd5b62e5881b9cf1666-20240711) --------------------------------------------------------------- Private Equity [TA Associates bets on lender Vastu Housing Finance in secondary deal](=/13/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3RhYXNzb2NpYXRlcy1iZXRzLW9uLWxlbmRlci12YXN0dS1maW5hbmNlLWluLXNlY29uZGFyeS1kZWFs/668fefd5b62e5881b9cf1666-20240711) US-based private equity fund TA Associates, which has been on an exit spree in India for the past few months, has announced Thursday that it has made ...... [Read more](=/14/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3RhYXNzb2NpYXRlcy1iZXRzLW9uLWxlbmRlci12YXN0dS1maW5hbmNlLWluLXNlY29uZGFyeS1kZWFs/668fefd5b62e5881b9cf1666-20240711) --------------------------------------------------------------- Private Equity [Multiples PE-backed Vastu Housing raises fresh capital from foreign investor](=/15/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL211bHRpcGxlc3BlLWJhY2tlZC12YXN0dS1ob3VzaW5nLXJhaXNlcy1mcmVzaC1jYXBpdGFsLWZyb20tZm9yZWlnbi1pbnZlc3Rvcg==/668fefd5b62e5881b9cf1666-20240711) Multiples Private Equity-backed mortgage lender Vastu Housing Finance Corporation Ltd, which caters largely to the low-income groups, received a loan ...... [Read more](=/16/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL211bHRpcGxlc3BlLWJhY2tlZC12YXN0dS1ob3VzaW5nLXJhaXNlcy1mcmVzaC1jYXBpdGFsLWZyb20tZm9yZWlnbi1pbnZlc3Rvcg==/668fefd5b62e5881b9cf1666-20240711) --------------------------------------------------------------- =/17/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3RoZXNsZWVwLWNvbXBhbnktcy10b3BsaW5lLWRvdWJsZXMtaW4tZnkyNC1haW1zLWF0LWViaXRkYS1icmVha2V2ZW4tdGhpcy1maXNjYWw=/668fefd5b62e5881b9cf1666-20240711 Startups [The Sleep Company's topline doubles in FY24, aims at EBITDA breakeven this fiscal](=/18/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3RoZXNsZWVwLWNvbXBhbnktcy10b3BsaW5lLWRvdWJsZXMtaW4tZnkyNC1haW1zLWF0LWViaXRkYS1icmVha2V2ZW4tdGhpcy1maXNjYWw=/668fefd5b62e5881b9cf1666-20240711) Omnichannel mattress company The Sleep Company more than doubled its net sales in the last fiscal, ending the year with nearly Rs 335 crore in sales, ...... [Read more](=/19/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3RoZXNsZWVwLWNvbXBhbnktcy10b3BsaW5lLWRvdWJsZXMtaW4tZnkyNC1haW1zLWF0LWViaXRkYS1icmVha2V2ZW4tdGhpcy1maXNjYWw=/668fefd5b62e5881b9cf1666-20240711) --------------------------------------------------------------- Venture Capital [OTT platform Planet Marathi, two others raise early-stage funding](=/20/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3N0ZWxsYXJpczNvbmU0LWJldC1vbi1jaXJjdWl0LWhvdXNlLXByb3B0ZWNoLXN0YXJ0dXAtanVneWFoLXJhaXNlcy1jYXBpdGFs/668fefd5b62e5881b9cf1666-20240711) OTT platform Planet Marathi, consumer electronics maker Circuit House Technologies and proptech startup Jugyah raised early-stage funding, the ...... 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[Read more](=/23/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2dyYXBldmluZW5vcmZ1bmQtYWlpYi1leWUtaW5kaWdyaWQtcy1uZXctcGxhdGZvcm0tc3VpdG9ycy1saW5lLXVwLWZvci15ZXMtYmFuaw==/668fefd5b62e5881b9cf1666-20240711) --------------------------------------------------------------- Private Equity [Inside Goldman Sachs' expanding but risky lending to private equity funds](=/24/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2luc2lkZWdvbGRtYW4tc2FjaHMtZXhwYW5kaW5nLWJ1dC1yaXNreS1sZW5kaW5nLXRvLXByaXZhdGUtZXF1aXR5LWZ1bmRz/668fefd5b62e5881b9cf1666-20240711) A Goldman Sachs bet put in place in 2021 on lending to private funds has helped drive record revenues in fixed-income financing. Now, the Wall Street ...... [Read more](=/25/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2luc2lkZWdvbGRtYW4tc2FjaHMtZXhwYW5kaW5nLWJ1dC1yaXNreS1sZW5kaW5nLXRvLXByaXZhdGUtZXF1aXR5LWZ1bmRz/668fefd5b62e5881b9cf1666-20240711) --------------------------------------------------------------- Markets [Sensex, Nifty end Thursday's session flat amid sideways trading](=/26/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3NlbnNleG5pZnR5LWVuZC10aHVyc2RheS1zLXNlc3Npb24tZmxhdC1hbWlkLXNpZGV3YXlzLXRyYWRpbmc=/668fefd5b62e5881b9cf1666-20240711) Indian shares closed broadly unchanged on Thursday, swinging from a higher open to succumbing to profit-booking along the way, as caution set in ahead...... [Read more](=/27/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3NlbnNleG5pZnR5LWVuZC10aHVyc2RheS1zLXNlc3Npb24tZmxhdC1hbWlkLXNpZGV3YXlzLXRyYWRpbmc=/668fefd5b62e5881b9cf1666-20240711) --------------------------------------------------------------- Private Equity [SVC, Jada-backed PE firm acquire stake in Saudi edtech company](=/28/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3N2Y2phZGEtYmFja2VkLXBlLWZpcm0tYWNxdWlyZS1zdGFrZS1pbi1zYXVkaS1lZHRlY2gtY29tcGFueQ==/668fefd5b62e5881b9cf1666-20240711) Saudi Venture Capital (SVC)-backed private equity firm Olive Rock Partners has acquired a strategic stake in a leading Saudi Arabian edtech company, ...... [Read more](=/29/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3N2Y2phZGEtYmFja2VkLXBlLWZpcm0tYWNxdWlyZS1zdGFrZS1pbi1zYXVkaS1lZHRlY2gtY29tcGFueQ==/668fefd5b62e5881b9cf1666-20240711) --------------------------------------------------------------- Insights Focus [Unveiling Valuable Insights in the Fifth Episode of the Crafting Bharat Podcast Series with Shubhi Agarwal Co-founder & COO at Locobuzz](=/30/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3VudmVpbGluZ3ZhbHVhYmxlLWluc2lnaHRzLWluLXRoZS1maWZ0aC1lcGlzb2RlLW9mLXRoZS1jcmFmdGluZy1iaGFyYXQtcG9kY2FzdC1zZXJpZXMtd2l0aC1zaHViaGktYWdhcndhbC1jby1mb3VuZGVyLWNvby1hdC1sb2NvYnV6eg==/668fefd5b62e5881b9cf1666-20240711) Shubhi Agarwal, Co-Founder & COO of Locobuzz, Dives into Entrepreneurship, Funding, and Innovative GenAI Applications.The journey of a startup founder...... 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