CARLYLE GROUP
Carlyle, CVC & Hillhouse in the fray for GeBBS
Global private equity firms including Carlyle Group, Hillhouse Investment and CVC Capital Partners have been shortlisted to acquire ChrysCapital-owned GeBBS Healthcare Solutions, said people familiar with the development. The deal proposes to value the Los Angeles-based healthcare business process outsourcing firm at $800 million. The firms, shortlisted after the initial round, will submit a binding offer by mid-July, said one of the persons, who did not wish to be identified.
KKR seeks $20 billion for new North America buyout fund
KKR is seeking about $20 billion from investors for its latest flagship North America private equity fund, according to people familiar with the matter, three years after it launched its predecessor fund of similar size.
Deutsche Bahn invites fresh bids for €15 billion logistics arm
Deutsche Bahn AG has evaluated bids for DB Schenker. Companies such as CVC, Carlyle, DSV, Maersk, MSC, Bahri, ADQ are the potential buyers.
Japan's Nikkei changes course to fall as investors pause buying
Japan's Nikkei share average dropped 0.31% to 38,946.93, impacted by investors anticipating U.S. chipmaker Nvidia's earnings. Daikin Industries and SoftBank Group declined, while chip-related shares like Advantest and Tokyo Electron rose. Insurers MS&AD Insurance Group and Tokio Marine Holdings also saw notable movements.
Indegene stock debuts with 46% premium over issue price
Indegene's stock debuts at Rs 659.7, a 46% premium over the issue price. The IPO, oversubscribed 70 times, raised funds for debt and capital expenditure. Revenue reached Rs 1,969 crore for the period ending December 2023.
Indegene IPO shares to debut today. Here's what GMP indicates
In the unlisted market, Indegene IPO shares are currently trading with a Grey Market Premium (GMP) of Rs 290. Given the upper price band of Rs 490, the stock is anticipated to debut with a premium of more than 60%. Before the issue opening, the company successfully garnered approximately Rs 549 crore from anchor investors, indicating strong investor interest and potential for a promising market debut.
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Indegene IPO booked over 10x so far on Day 3. Check subscription, GMP and other details
Indegene IPO GMP: On the final day of the initial public offer (IPO), Indegene was booked a little over 10 times so far on Wednesday, the last day of the bidding process.
Indegene IPO booked over 4x so far on Day 2. Check subscription, GMP and other details
Indegene's IPO oversubscribed 4 times on the second day, led by non-institutional investors; QIB portion least subscribed.
KKR acquires Healthium from Apax Partners for Rs 7,000 cr
KKR acquired Healthium Medtech Ltd., a leading Indian medical devices company, from Apax Partners. The deal, valued at approximately Rs 7000 crore, involves a special purpose vehicle owned by KKR-managed funds gaining control of Healthium. Healthium, the fourth-largest surgical suture manufacturer globally, maintains a strong presence in India and abroad, with KKR aiming to leverage its expertise to further expand its reach
Hexaware acquires Softcrylic; boosts its data and analytics capabilities
While Hexaware didn’t disclose the financials of the deal, the acquisition would boost the mid-tier IT firm’s data and analytics capabilities, said the company in a statement. Global investment bank, Canaccord Genuity, advised Softcrylic on the transaction.
Indegene IPO fully subscribed on Day 1. Check subscription, GMP and other details
On the first day of bidding, the initial public offering (IPO) of Indegene Ltd received a steady response, primarily fueled by strong interest from non-institutional investors (NII).
Indegene IPO opens for subscription. Should you bid?
Indegene IPO opens for subscription with leading investors like Capital Group. Price band set at Rs 430-452. Revenue of Rs 1,969 crore and profit of Rs 241 crore reported. Analysts recommend subscribing for long-term gains.
Carlyle Group sells 2% stake worth Rs 1,442 crore in YES Bank via block deal
Prior to the block deal, the Carlyle Group held a 8.74% stake in this private lender through an entity named CA Basque Investments. YES Bank reported a standalone net profit of Rs 452 crore for the quarter ended March 31, 2024, a jump of 123% over Rs 202.43 crore reported by the lender in the year-ago period.
Carlyle Group likely to sell 2% stake worth Rs 1,500 crore in YES Bank via block deal on Friday: Report
Goldman Sachs is said to be the broker to the deal, CNBC TV18 reported citing its sources. Carlyle Group holds 8.74% stake in this private lender through an entity named CA Basque Investments.
Carlyle picks JPMorgan and Kotak to help arrange Hexaware IPO: Report
The US investment firm plans to hold the IPO as early as in the fourth quarter of this year, the people said, asking not to be identified as the deliberations are private. More bankers will likely be added for the potential $1 billion offering, which may value the Indian information technology company at as much as $6 billion, they said.
TPG Growth circles VLCC as Carlyle looks to sell minority stake in wellness company
Last January, Carlyle paid Rs 2,700 crore to buy a controlling 66% stake in the three-decade-old homegrown brand that gave the buyout fund an entry into a rapidly growing market for wellness products but one that is facing disruption from younger, nimbler, direct-to-consumer (D2C) brands.
Carlyle CEO Harvey Schwartz paid $187-million package in his first year
As per the filing, $180 million of his package is restricted stock that he received when he joined the job. These stocks vest over several years. What Schwartz, 60, eventually pockets would be a function of how long he stays in the role and how well the shares perform, the report said.
Carlyle said to weigh $1 billion IPO for Indian IT firm Hexaware
At about $1 billion, it would be the biggest IPO in the country since Life Insurance Corp. of India’s in 2022, according to data compiled by Bloomberg. That company’s shares slumped initially but have mostly recovered.
KKR, Carlyle and EQT among five buyout funds in race for Healthium
KKR, Carlyle, EQT, Hillhouse, and TA Associates are competing to acquire Healthium Medtech, the largest homegrown surgical sutures and surgical needles manufacturer in India. Apax Partners currently owns 99.8% of Healthium. The company has a significant international presence and moderate client concentration risk.
Singapore’s GIC, DigitalBridge, ADIA, Stonepeak, Permira, among others tapped for Carlyle’s 24% in Nxtra
The Carlyle Group, among the world’s largest investment firms, is looking to sell the stake for Rs 7,000-7,500 crore, valuing Airtel’s data centre unit at Rs 24,000-29,000 crore ($3-3.5 billion, inclusive of debt), the people cited said. Bharti Airtel owns 75.96% of Nxtra Data, a leading player in India’s data centre industry. Airtel has first right of refusal on the stake but is reckoned to have waived it, said the people cited.
Carlyle Group sells 1.4% stake in YES Bank via open market for over Rs 1,000 crore
CA Basque Investments, the Mauritius-based special purpose vehicle owned by Carlyle Group, sold 39,00,00,000 shares of the lender at Rs 27.10 a share, bulk deals data on the BSE showed. Morgan Stanley Asia Singapore Pte bought 30,63,05,668 shares or 1.1% in the lender through a separate bulk deal for Rs 830 crore.
SoftBank-backed Cohesity in $3 billion deal for Veritas' data protection unit
SoftBank Group -backed Cohesity told Reuters on Wednesday it agreed to acquire the data protection business of information technology company Veritas, in a deal that sources said is worth about $3 billion, including debt.
SpiceJet shares jump 5% on reports of Carlyle Aviation Partners expressing interest in airline
SpiceJet is slated to hold its annual general meeting (AGM) later today to consider the adoption of its audited financial statements along with the issue and allotment of equity shares on a preferential basis.
Carlyle Aviation Partners expresses interest in SpiceJet: Report
Earlier, in mid 2023, the airline had sought shareholder approval to issue 5.91% stake in the low-cost airline to Carlyle Aviation Partners--the aircraft financing unit of global private equity giant Carlyle Group.
Hexaware appoints Girish Pai as global head of data, AI
Pai has around 28 years of experience in IT, digital strategy, and data and analytics and most recently was part of the advisory board at Vitalize Venture Capital firm.
Billionaire Ken Griffin's hedge fund Citadel ready to battle SEC over WhatsApp probe: report
The SEC has collected thousands of staff messages from more than a dozen major investment companies, escalating its probe into Wall Street's use of private messaging apps to discuss work.
Some global investors skip Ant's buyback after valuation slumps 70%
Among the investors not participating in the buyback are Warburg Pincus, Canada Pension Plan Investment Board (CPPIB), Carlyle Group and GIC Pte, Bloomberg said, citing people familiar with the matter.
Three private equity firms eye Rs 2,000-crore Adani Capital buyout
Adani Capital's management - led by former Lehman Brothers and Macquarie investment banker Gaurav Gupta, who joined the conglomerate in 2016 - owns around 10% of the company. Promoters own nearly 90%, which is up for grabs.
Carlyle is weighing entry into private credit market in India
Private credit has grown in prominence globally as money managers lend directly to companies as banks step back. The potential expansion would see Carlyle join global firms seeking to expand their lending in India. Carlyle, which began as a private equity investor, has built out private credit in recent years. Overall, credit assets account for about 39% of the firm’s $381 billion assets under management, according to an investor presentation as of March 31.
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