Morgan Stanley, GEF in PE news; Law firms' IPO leaderboard; Hexa Climate set for M&A

Trouble viewing this email? [View in web browser](=/0/aHR0cHM6Ly9hc3NldHMudmNjaXJjbGUuY29tL25ld3NsZXR0ZXIvMjAyNC8wNS9kYWlseS92Y2MtZGFpbHktbmV3c2xldHRlci0yMDI0LTA1LTAxLmh0bWw=/66325995cc78b5386a98f480-20240501) [VCCircle](=/1/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tLw==/66325995cc78b5386a98f480-20240501) Wednesday, 1 May 2024 =/2/aHR0cHM6Ly9scHN1bW1pdC52Y2NldmVudHMuY29tL2R1YmFpLw==/66325995cc78b5386a98f480-20240501 =/3/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL21vcmdhbnN0YW5sZXktZXllcy1zZWNvbmQtaW5kaWEtaW5mcmEtcHJpdmF0ZS1lcXVpdHktZnVuZA==/66325995cc78b5386a98f480-20240501 Private Equity [Morgan Stanley eyes second India infra private equity fund](=/4/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL21vcmdhbnN0YW5sZXktZXllcy1zZWNvbmQtaW5kaWEtaW5mcmEtcHJpdmF0ZS1lcXVpdHktZnVuZA==/66325995cc78b5386a98f480-20240501) Morgan Stanley India Infrastructure plans to launch its second private equity vehicle with an aim to mop up more than double the amount it secured in...... [Read more](=/5/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL21vcmdhbnN0YW5sZXktZXllcy1zZWNvbmQtaW5kaWEtaW5mcmEtcHJpdmF0ZS1lcXVpdHktZnVuZA==/66325995cc78b5386a98f480-20240501) --------------------------------------------------------------- Private Equity [I Squared's Hexa Climate set to strike maiden acquisition](=/6/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2lzcXVhcmVkLXMtaGV4YS1jbGltYXRlLXNldC10by1zdHJpa2UtbWFpZGVuLWFjcXVpc2l0aW9u/66325995cc78b5386a98f480-20240501) Hexa Climate, the renewable energy platform backed by New York-based infrastructure-focussed private equity firm I Squared Capital, is closing in on a...... [Read more](=/7/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2lzcXVhcmVkLXMtaGV4YS1jbGltYXRlLXNldC10by1zdHJpa2UtbWFpZGVuLWFjcXVpc2l0aW9u/66325995cc78b5386a98f480-20240501) --------------------------------------------------------------- Private Equity [GEF Capital set to score high returns from India portfolio co](=/8/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2dlZmNhcGl0YWwtc2V0LXRvLXNjb3JlLWhpZ2gtcmV0dXJucy1mcm9tLWluZGlhLXBvcnRmb2xpby1jbw==/66325995cc78b5386a98f480-20240501) Private equity firm GEF Capital Partners, which spun out of US-based Global Environment Fund five years ago and kickstarted the process to raise a new...... [Read more](=/9/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2dlZmNhcGl0YWwtc2V0LXRvLXNjb3JlLWhpZ2gtcmV0dXJucy1mcm9tLWluZGlhLXBvcnRmb2xpby1jbw==/66325995cc78b5386a98f480-20240501) --------------------------------------------------------------- Markets [Check out the top Indian law firms by capital markets practice](=/10/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2NoZWNrb3V0LXRoZS10b3AtaW5kaWFuLWxhdy1maXJtcy1ieS1jYXBpdGFsLW1hcmtldHMtcHJhY3RpY2U=/66325995cc78b5386a98f480-20240501) Law firms in India recorded a slowdown in private market dealmaking during 2023-24 but had a robust year when it came to their public markets practice...... [Read more](=/11/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2NoZWNrb3V0LXRoZS10b3AtaW5kaWFuLWxhdy1maXJtcy1ieS1jYXBpdGFsLW1hcmtldHMtcHJhY3RpY2U=/66325995cc78b5386a98f480-20240501) --------------------------------------------------------------- =/12/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3RoZXNvdWxlZC1zdG9yZS10cmF5YS1iYWNrZXIteHBvbmVudGlhLWNhcGl0YWwtcHJvbW90ZXMtZXhlY3V0aXZlLXRvLW1k/66325995cc78b5386a98f480-20240501 Private Equity [The Souled Store, Traya backer Xponentia Capital promotes executives to MD](=/13/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3RoZXNvdWxlZC1zdG9yZS10cmF5YS1iYWNrZXIteHBvbmVudGlhLWNhcGl0YWwtcHJvbW90ZXMtZXhlY3V0aXZlLXRvLW1k/66325995cc78b5386a98f480-20240501) Homegrown mid-market private equity firm Xponentia Capital, which is an investor in companies including Barbeque Nation, The Souled Store and Easy ...... [Read more](=/14/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3RoZXNvdWxlZC1zdG9yZS10cmF5YS1iYWNrZXIteHBvbmVudGlhLWNhcGl0YWwtcHJvbW90ZXMtZXhlY3V0aXZlLXRvLW1k/66325995cc78b5386a98f480-20240501) --------------------------------------------------------------- Credit [Bharti Airtel’s Africa unit set to bag a big cheque from offshore investor](=/15/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2JoYXJ0aWFpcnRlbC1zLWFmcmljYS11bml0LXNldC10by1iYWctYS1iaWctY2hlcXVlLWZyb20tb2Zmc2hvcmUtaW52ZXN0b3I=/66325995cc78b5386a98f480-20240501) Airtel Africa Plc, which is listed on the London Stock Exchange and is a subsidiary of India’s Bharti Airtel, is set to secure fresh capital from an...... [Read more](=/16/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2JoYXJ0aWFpcnRlbC1zLWFmcmljYS11bml0LXNldC10by1iYWctYS1iaWctY2hlcXVlLWZyb20tb2Zmc2hvcmUtaW52ZXN0b3I=/66325995cc78b5386a98f480-20240501) --------------------------------------------------------------- =/17/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3N0cmlkZXZlbnR1cmVzLWhpdHMtZmluYWwtY2xvc2Utb2YtdGhpcmQtZnVuZC1taXNzZXMtdGFyZ2V0/66325995cc78b5386a98f480-20240501 Credit [Stride Ventures hits final close of third fund, misses target](=/18/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3N0cmlkZXZlbnR1cmVzLWhpdHMtZmluYWwtY2xvc2Utb2YtdGhpcmQtZnVuZC1taXNzZXMtdGFyZ2V0/66325995cc78b5386a98f480-20240501) Venture debt firm Stride Ventures, whose portfolio includes Sugar Cosmetics, The Good Glamm Group, Mensa Brands, Zepto and Yubi (CredAvenue), ...... [Read more](=/19/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3N0cmlkZXZlbnR1cmVzLWhpdHMtZmluYWwtY2xvc2Utb2YtdGhpcmQtZnVuZC1taXNzZXMtdGFyZ2V0/66325995cc78b5386a98f480-20240501) --------------------------------------------------------------- General [Godrej family to split conglomerate into two parts](=/20/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2dvZHJlamZhbWlseS10by1zcGxpdC1jb25nbG9tZXJhdGUtaW50by10d28tcGFydHM=/66325995cc78b5386a98f480-20240501) India's Godrej family has decided to restructure its shareholding in the conglomerate to operate as two entities, Godrej Enterprises and Godrej ...... [Read more](=/21/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2dvZHJlamZhbWlseS10by1zcGxpdC1jb25nbG9tZXJhdGUtaW50by10d28tcGFydHM=/66325995cc78b5386a98f480-20240501) --------------------------------------------------------------- Manufacturing [Jindal Stainless to invest $647 mn for expansion](=/22/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2ppbmRhbHN0YWlubGVzcy10by1pbnZlc3QtNjQ3LW1uLWZvci1leHBhbnNpb24=/66325995cc78b5386a98f480-20240501) Jindal Stainless said on Wednesday it is investing nearly 54 billion rupees ($646.6 million) for acquisitions and capacity expansion.The company will ...... [Read more](=/23/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2ppbmRhbHN0YWlubGVzcy10by1pbnZlc3QtNjQ3LW1uLWZvci1leHBhbnNpb24=/66325995cc78b5386a98f480-20240501) --------------------------------------------------------------- Venture Capital [ellementry, two others secure early-stage funding](=/24/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2VsbGVtZW50cnl0d28tb3RoZXJzLXNlY3VyZS1lYXJseS1zdGFnZS1mdW5kaW5n/66325995cc78b5386a98f480-20240501) Homeware brand ellementry, deeptech startup Perceptyne and healthtech startup neuro42 secured early-stage funding, the companies said on Wednesday...... [Read more](=/25/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2VsbGVtZW50cnl0d28tb3RoZXJzLXNlY3VyZS1lYXJseS1zdGFnZS1mdW5kaW5n/66325995cc78b5386a98f480-20240501) --------------------------------------------------------------- People [Kotak Mahindra Bank joint MD Manian resigns](=/26/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2tvdGFrbWFoaW5kcmEtYmFuay1qb2ludC1tZC1tYW5pYW4tcmVzaWducw==/66325995cc78b5386a98f480-20240501) Private lender Kotak Mahindra Bank said on Tuesday its joint managing director KVS Manian has resigned, after two months in the role.Manian, a veteran...... [Read more](=/27/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2tvdGFrbWFoaW5kcmEtYmFuay1qb2ludC1tZC1tYW5pYW4tcmVzaWducw==/66325995cc78b5386a98f480-20240501) --------------------------------------------------------------- General [Grapevine: Mubadala may join hands with Warburg for Shriram Housing; Brookfield eyes Leela Palaces Listing](=/28/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2dyYXBldmluZW11YmFkYWxhLW1heS1qb2luLWhhbmRzLXdpdGgtd2FyYnVyZy1mb3Itc2hyaXJhbS1ob3VzaW5nLWJyb29rZmllbGQtZXllcy1sZWVsYS1wYWxhY2VzLWxpc3Rpbmc=/66325995cc78b5386a98f480-20240501) UAE sovereign fund Mubadala Investment Company is in discussions to team up with Warburg Pincus as a potential co-investor in acquiring a ...... 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