ICICI Venture related stories
All articles and analysis
Lehman Brothers poaches director for MumbaiLehman Brothers, the US bank, has recruited Jayanta Banerjee from ICICI Venture to become managing director of the bank’s Mumbai private equity activities.
- India’s ICICI Venture invests in healthcare
India’s ICICI Venture has made a minority investment in an Indian diagnostic centre chain Metropolis Health Services India, an acquisitive firm looking to expand overseas.
- Reuters - PE Firms Push into India Healthcare Deals
Private equity funds quadrupled their investment in India's primary healthcare, betting the sick and ailing will stop seeing family doctors in often cramped and dingy quarters and check into modern chains sprouting up across Asia's No.3 economy, Reuters wrote. Goldman Sachs Group Inc, Warburg Pincus, Sequoia Capital and the Government of Singapore Investment Corp. are among investors that pumped $520 million into India's basic healthcare industry this year, compared with $137 million in 2011, according to Thomson Reuters data. Some analysts predict investment will surpass $1 billion in 2013.
- Videocon Industries Look to Sell Stake
India's Videocon Industries is looking to sell a 25% stake in its direct-to-home broadcast services business for roughly $75 million to $100 million. The company has hired UBS to help it find an investor, and is reportedly in talks with private equity firms, Reuters wrote Friday. Potential investors include ICICI Venture.
- India Fund Launch Planned
Macquarie Group and Indian lender State Bank of India are drawing up plans to raise $1 billion to $1.5 billion for their second fund to invest in infrastructure assets and companies in India, Reuters wrote.
- ICICI Venture, Gaja Pour $22.5M into TermLease
ICICI Venture, the private equity arm of Indian lender ICICI Bank, and private equity firm Gaja Capital have invested 1 billion rupees ($22.5 million) in staffing firm TeamLease Services, Reuters reported. The money will help the temporary staffing company expand its services, Reuters said.
- Infrastructure Fuels Indian Growth
India bounces back from a disappointing 2009, as new firms and existing investors hit up LPs for fresh capital.
- PE-backed Avantor Pays $100M For Indian Biotech Firm
Indian private equity fund ICICI Venture sold its stake in biotech company RFCL to U.S.-based Avantor Performance Materials, Reuters reported. Avantor paid roughly $100 million for the 85% stake in RFCL, which develops technology for the pharmaceutical and biotech industries. RFCL is based in New Delhi. Avantor is owned by New York-based private equity firm New Mountain Capital.