KKR plans hospital deal; TPG, OIJIF, GTI Capital clock exits; Multiples-backed firm gets a valuation bump

Trouble viewing this email? [View in web browser](/0/aHR0cHM6Ly9hc3NldHMudmNjaXJjbGUuY29tL25ld3NsZXR0ZXIvMjAyNC8wNi9kYWlseS92Y2MtZGFpbHktbmV3c2xldHRlci0yMDI0LTA2LTI4Lmh0bWw=/667ed3b0251525baa34ad817-20240628) [VCCircle](/1/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tLw==/667ed3b0251525baa34ad817-20240628) Friday, 28 Jun 2024 /2/aHR0cHM6Ly9scHN1bW1pdC52Y2NldmVudHMuY29tL2R1YmFpLw==/667ed3b0251525baa34ad817-20240628 /3/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2V4Y2x1c2l2ZWtrci1wbG90cy1wbGF0Zm9ybS1kZWFsLXRvLXJlLWVudGVyLWluZGlhbi1ob3NwaXRhbC1zZWN0b3I=/667ed3b0251525baa34ad817-20240628 Private Equity [Exclusive: KKR plots platform deal to re-enter Indian hospital sector](/4/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2V4Y2x1c2l2ZWtrci1wbG90cy1wbGF0Zm9ybS1kZWFsLXRvLXJlLWVudGVyLWluZGlhbi1ob3NwaXRhbC1zZWN0b3I=/667ed3b0251525baa34ad817-20240628) Global private equity giant KKR is working on a plan to build a hospital platform in India, two years after wrapping up its biggest exit in the ...... 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[Read more](/7/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3RwZ2dyb3d0aC1tb3Zlcy1mcm9tLWRyZWFtLXJldHVybnMtdG8tcG9vci1leGl0LXdpdGgtaW5kaWEtYmV0/667ed3b0251525baa34ad817-20240628) --------------------------------------------------------------- Private Equity [Oman India PE fund wraps up an exit with strong returns](/8/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL29tYW5pbmRpYS1wZS1mdW5kLXdyYXBzLXVwLWFuLWV4aXQtd2l0aC1zdHJvbmctcmV0dXJucw==/667ed3b0251525baa34ad817-20240628) Oman India Joint Investment Fund (OIJIF), a mid-market private equity firm, which saw three of its portfolio companies go public over the last one ...... [Read more](/9/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL29tYW5pbmRpYS1wZS1mdW5kLXdyYXBzLXVwLWFuLWV4aXQtd2l0aC1zdHJvbmctcmV0dXJucw==/667ed3b0251525baa34ad817-20240628) --------------------------------------------------------------- /10/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2hvd211bHRpcGxlcy1iYWNrZWQtbGVuZGVyLWdvdC1hLXZhbHVhdGlvbi1idW1wLXdpdGgtdHdvLW5ldy1wZS1pbnZlc3RvcnM=/667ed3b0251525baa34ad817-20240628 Private Equity [How Multiples-backed lender got a valuation bump with two new PE investors](/11/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2hvd211bHRpcGxlcy1iYWNrZWQtbGVuZGVyLWdvdC1hLXZhbHVhdGlvbi1idW1wLXdpdGgtdHdvLW5ldy1wZS1pbnZlc3RvcnM=/667ed3b0251525baa34ad817-20240628) A private financial services provider, one among a clutch of companies in the BFSI sector backed by Multiples, a private equity firm led by Renuka ...... [Read more](/12/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2hvd211bHRpcGxlcy1iYWNrZWQtbGVuZGVyLWdvdC1hLXZhbHVhdGlvbi1idW1wLXdpdGgtdHdvLW5ldy1wZS1pbnZlc3RvcnM=/667ed3b0251525baa34ad817-20240628) --------------------------------------------------------------- Private Equity [GTI Capital makes exit move from legacy portfolio firm with weak returns](/13/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2d0aWNhcGl0YWwtbWFrZXMtZXhpdC1tb3ZlLWZyb20tbGVnYWN5LXBvcnRmb2xpby1maXJtLXdpdGgtd2Vhay1yZXR1cm5z/667ed3b0251525baa34ad817-20240628) GTI Capital Partners, an India-focused private equity firm, has slashed its stake in a consumer-focused company it first backed more than a decade ago...... [Read more](/14/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2d0aWNhcGl0YWwtbWFrZXMtZXhpdC1tb3ZlLWZyb20tbGVnYWN5LXBvcnRmb2xpby1maXJtLXdpdGgtd2Vhay1yZXR1cm5z/667ed3b0251525baa34ad817-20240628) --------------------------------------------------------------- M&A [Deals Digest: Funding momentum slows after hitting peak levels last week](/15/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2RlYWxzZGlnZXN0LWZ1bmRpbmctbW9tZW50dW0tc2xvd3MtYWZ0ZXItaGl0dGluZy1wZWFrLWxldmVscy1sYXN0LXdlZWs=/667ed3b0251525baa34ad817-20240628) Private equity and venture capital funding activity nearly halved this week even as the week saw a couple of large-ticket transactions while the value...... [Read more](/16/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2RlYWxzZGlnZXN0LWZ1bmRpbmctbW9tZW50dW0tc2xvd3MtYWZ0ZXItaGl0dGluZy1wZWFrLWxldmVscy1sYXN0LXdlZWs=/667ed3b0251525baa34ad817-20240628) --------------------------------------------------------------- /17/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2Nvcm5lcnN0b25ldmVudHVyZXMtYWJoaXNoZWstcHJhc2FkLW9uLXNlY29uZC1mdW5kLXN0cmF0ZWd5LWV4aXRzLWFuZC1tb3Jl/667ed3b0251525baa34ad817-20240628 Venture Capital [Cornerstone Ventures’ Abhishek Prasad on second fund, strategy, exits and more](/18/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2Nvcm5lcnN0b25ldmVudHVyZXMtYWJoaXNoZWstcHJhc2FkLW9uLXNlY29uZC1mdW5kLXN0cmF0ZWd5LWV4aXRzLWFuZC1tb3Jl/667ed3b0251525baa34ad817-20240628) Venture capital firm Cornerstone Ventures last month announced the launch of its second investment vehicle with a target to raise $200 million, ...... [Read more](/19/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2Nvcm5lcnN0b25ldmVudHVyZXMtYWJoaXNoZWstcHJhc2FkLW9uLXNlY29uZC1mdW5kLXN0cmF0ZWd5LWV4aXRzLWFuZC1tb3Jl/667ed3b0251525baa34ad817-20240628) --------------------------------------------------------------- Consumer [Searchlight: Incense stick maker Zed Black pins hope on new products to boost growth](/20/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3NlYXJjaGxpZ2h0aW5jZW5zZS1zdGljay1tYWtlci16ZWQtYmxhY2stcGlucy1ob3BlLW9uLW5ldy1wcm9kdWN0cy10by1ib29zdC1ncm93dGg=/667ed3b0251525baa34ad817-20240628) During 2020-21, the first year under the Covid-19 pandemic, Mysore Deep Perfumery House’s sales soared, like many of its peers in the incense stick ...... [Read more](/21/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3NlYXJjaGxpZ2h0aW5jZW5zZS1zdGljay1tYWtlci16ZWQtYmxhY2stcGlucy1ob3BlLW9uLW5ldy1wcm9kdWN0cy10by1ib29zdC1ncm93dGg=/667ed3b0251525baa34ad817-20240628) --------------------------------------------------------------- General [Grapevine: Kitchens@ raises PE funding; Ola to enter grocery delivery business](/22/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2dyYXBldmluZWtpdGNoZW5zLXJhaXNlcy1wZS1mdW5kaW5nLW9sYS10by1lbnRlci1ncm9jZXJ5LWRlbGl2ZXJ5LWJ1c2luZXNz/667ed3b0251525baa34ad817-20240628) Cloud kitchen startup Kitchens@, operated and owned by Loyal Hospitality, has raised funds from London-based private equity firm Finnest as part of ...... [Read more](/23/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2dyYXBldmluZWtpdGNoZW5zLXJhaXNlcy1wZS1mdW5kaW5nLW9sYS10by1lbnRlci1ncm9jZXJ5LWRlbGl2ZXJ5LWJ1c2luZXNz/667ed3b0251525baa34ad817-20240628) --------------------------------------------------------------- People [Beyond Capital elevates executive to partner role](/24/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2JleW9uZGNhcGl0YWwtZWxldmF0ZXMtZXhlY3V0aXZlLXRvLXBhcnRuZXItcm9sZQ==/667ed3b0251525baa34ad817-20240628) Swiss impact investment firm Beyond Capital, which has backed startups such as Lal10, Frontier Markets, and FreshR in India, has elevated one of its ...... 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[Read more](/27/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL25hemFyYW93bmVkLW5vZHdpbi1nYW1pbmctYWNxdWlyZXMtcmVtYWluaW5nLXN0YWtlLWluLWZyZWFrcy00dQ==/667ed3b0251525baa34ad817-20240628) --------------------------------------------------------------- M&A [CVC Capital-controlled Healthcare Global acquires cancer hospital](/28/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2N2Y2NhcGl0YWwtY29udHJvbGxlZC1oZWFsdGhjYXJlLWdsb2JhbC1hY3F1aXJlcy1jYW5jZXItaG9zcGl0YWw=/667ed3b0251525baa34ad817-20240628) Listed oncology-focused player Healthcare Global Enterprises Ltd has acquired a majority stake in Vizag Hospital, which operates Mahatma Gandhi ...... [Read more](/29/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2N2Y2NhcGl0YWwtY29udHJvbGxlZC1oZWFsdGhjYXJlLWdsb2JhbC1hY3F1aXJlcy1jYW5jZXItaG9zcGl0YWw=/667ed3b0251525baa34ad817-20240628) --------------------------------------------------------------- M&A [I-bankers, M&A dealmakers shrug a slow Q2, upbeat on future outlook](/30/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2liYW5rZXJzLW0tYS1kZWFsbWFrZXJzLXNocnVnLWEtc2xvdy1xMi11cGJlYXQtb24tZnV0dXJlLW91dGxvb2st/667ed3b0251525baa34ad817-20240628) Global mergers and acquisitions (M&A) activity grew at a sluggish pace in the second quarter, yet many dealmakers are upbeat, forecasting transactions...... [Read more](/31/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2liYW5rZXJzLW0tYS1kZWFsbWFrZXJzLXNocnVnLWEtc2xvdy1xMi11cGJlYXQtb24tZnV0dXJlLW91dGxvb2st/667ed3b0251525baa34ad817-20240628) --------------------------------------------------------------- Markets [Sensex, Nifty off record highs on Friday but post best month of 2024](/32/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3NlbnNleG5pZnR5LW9mZi1yZWNvcmQtaGlnaHMtb24tZnJpZGF5LWJ1dC1wb3N0LWJlc3QtbW9udGgtb2YtMjAyNA==/667ed3b0251525baa34ad817-20240628) India's benchmark equity indexes came off record highs on Friday, but ended the month with their best gain in 2024 boosted by Prime Minister ...... 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