Siddharth Poddar
The firm has been selected as the preferred bidder for recruitment company Intelligence in a deal worth about $350m.
The firm is selling the specialty rubber business to The Weir Group in a transaction that will see the buyer assume about $27.5m of the company’s debt.
A majority of LPs' private equity programmes now have lifetime returns of less than 11%, according to a survey from Coller Capital.
In continuing its drive to draw more foreign capital to improve domestic infrastructure, the Indian government will discuss the formation of an infrastructure fund with Temasek Holdings.
The private equity infrastructure manager focused on Central and Southeast Asia will also begin fundraising for its second Southeast Asia-focused fund in Q3.
The Carlyle Group is backing the growth of Tirumala Milk Products and banking on the increasing demand for high quality milk and dairy products in India.
IDFC, Argonaut and Ascent Capital are among the latest firms to back the Indian power generation company, which two months ago received $200m from Temasek.
Navis Capital has made a cash offer to buy Singapore-listed Eng Kong Holdings and has received an undertaking from shareholders owning a 66.4% stake to sell their shares.
The CEO of India’s largest infrastructure-focused private equity firm will assume the role of non-executive chairman, effective 1 November.
TPG’s leading dealmaker in China will set up his own Asia-focused firm that will reportedly be backed by TPG.