General Atlantic, SoftBank, Multiples PE clock exits; Investcorp creating packaging platform

Trouble viewing this email? [View in web browser](=/0/aHR0cHM6Ly9hc3NldHMudmNjaXJjbGUuY29tL25ld3NsZXR0ZXIvMjAyMy8xMi9kYWlseS92Y2MtZGFpbHktbmV3c2xldHRlci0yMDIzLTEyLTE1Lmh0bWw=/657c746593c453ed244b1c8f-20231215) [VCCircle](=/1/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tLw==/657c746593c453ed244b1c8f-20231215) Friday, 15 Dec 2023 =/2/aHR0cHM6Ly96ZnJtei5jb20vUlkybms1Z1d2WmxSOGswZ3lkMEM=/657c746593c453ed244b1c8f-20231215 =/3/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2dlbmVyYWxhdGxhbnRpYy1taWR3YXktb24taXRzLTcwMC1tbi1leGl0LWZyb20taW5kaWEtcG9ydGZvbGlv/657c746593c453ed244b1c8f-20231215 Private Equity [General Atlantic midway on its $700 mn exit from India portfolio](=/4/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2dlbmVyYWxhdGxhbnRpYy1taWR3YXktb24taXRzLTcwMC1tbi1leGl0LWZyb20taW5kaWEtcG9ydGZvbGlv/657c746593c453ed244b1c8f-20231215) Private equity firm General Atlantic, which makes both late-stage venture capital and growth equity transactions in India and is believed to have ...... [Read more](=/5/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2dlbmVyYWxhdGxhbnRpYy1taWR3YXktb24taXRzLTcwMC1tbi1leGl0LWZyb20taW5kaWEtcG9ydGZvbGlv/657c746593c453ed244b1c8f-20231215) --------------------------------------------------------------- Private Equity [SoftBank completes nearly $600 mn India exit with neat profit](=/6/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3NvZnRiYW5rY29tcGxldGVzLW5lYXJseS02MDAtbW4taW5kaWEtZXhpdC13aXRoLW5lYXQtcHJvZml0/657c746593c453ed244b1c8f-20231215) Japanese technology investment goliath SoftBank, which has been on a harvest spree in India having offloaded shares of Paytm, FirstCry, Delhivery and ...... [Read more](=/7/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3NvZnRiYW5rY29tcGxldGVzLW5lYXJseS02MDAtbW4taW5kaWEtZXhpdC13aXRoLW5lYXQtcHJvZml0/657c746593c453ed244b1c8f-20231215) --------------------------------------------------------------- Private Equity [Multiples signs off from a legacy bet with modest returns](=/8/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL211bHRpcGxlc3NpZ25zLW9mZi1mcm9tLWEtbGVnYWN5LWJldC13aXRoLW1vZGVzdC1yZXR1cm5z/657c746593c453ed244b1c8f-20231215) Homegrown private equity firm Multiples Alternate Asset Management, or Multiples PE, which marked the first close of its fourth fund after collecting...... [Read more](=/9/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL211bHRpcGxlc3NpZ25zLW9mZi1mcm9tLWEtbGVnYWN5LWJldC13aXRoLW1vZGVzdC1yZXR1cm5z/657c746593c453ed244b1c8f-20231215) --------------------------------------------------------------- =/10/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2ludmVzdGNvcnBjcmVhdGluZy1wYWNrYWdpbmctcGxhdGZvcm0taW4taW5kaWEtc3RyaWtlcy1maXJzdC1kZWFs/657c746593c453ed244b1c8f-20231215 Private Equity [Investcorp creating packaging platform in India, strikes first deal](=/11/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2ludmVzdGNvcnBjcmVhdGluZy1wYWNrYWdpbmctcGxhdGZvcm0taW4taW5kaWEtc3RyaWtlcy1maXJzdC1kZWFs/657c746593c453ed244b1c8f-20231215) Investcorp, a Bahrain-based alternative asset management firm that globally manages over $50 billion in assets, is planning a pan-India platform play ...... [Read more](=/12/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2ludmVzdGNvcnBjcmVhdGluZy1wYWNrYWdpbmctcGxhdGZvcm0taW4taW5kaWEtc3RyaWtlcy1maXJzdC1kZWFs/657c746593c453ed244b1c8f-20231215) --------------------------------------------------------------- Private Equity [PE, VC fund returns shrink after 2022 peak but outperform public markets](=/13/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3BldmMtZnVuZC1yZXR1cm5zLXNocmluay1hZnRlci0yMDIyLXBlYWstYnV0LW91dHBlcmZvcm0tcHVibGljLW1hcmtldHM=/657c746593c453ed244b1c8f-20231215) Private equity and venture capital funds operating in India recorded a drop in their annualised returns on investments after the peak seen in 2022 but...... [Read more](=/14/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3BldmMtZnVuZC1yZXR1cm5zLXNocmluay1hZnRlci0yMDIyLXBlYWstYnV0LW91dHBlcmZvcm0tcHVibGljLW1hcmtldHM=/657c746593c453ed244b1c8f-20231215) --------------------------------------------------------------- Credit [Jayaswal Neco inks $384 mn deal with two special situation funds, global credit fund](=/15/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2pheWFzd2FsbmVjby1pbmtzLTM4NC1tbi1kZWFsLXdpdGgtdHdvLXNwZWNpYWwtc2l0dWF0aW9uLWZ1bmRzLWdsb2JhbC1jcmVkaXQtZnVuZA==/657c746593c453ed244b1c8f-20231215) Nagpur-based Jayaswal Neco Industries Ltd, which was one of the companies in the Reserve Bank of India’s second list of defaulters about six years...... [Read more](=/16/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2pheWFzd2FsbmVjby1pbmtzLTM4NC1tbi1kZWFsLXdpdGgtdHdvLXNwZWNpYWwtc2l0dWF0aW9uLWZ1bmRzLWdsb2JhbC1jcmVkaXQtZnVuZA==/657c746593c453ed244b1c8f-20231215) --------------------------------------------------------------- =/17/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3dhdGVyYnJpZGdlYXBwb2ludHMtZm9ybWVyLXVkYWFuLWV4ZWMtdG8taGVhZC1lYXJseS1zdGFnZS1kZWFscw==/657c746593c453ed244b1c8f-20231215 People [WaterBridge appoints former Udaan exec to head early-stage deals](=/18/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3dhdGVyYnJpZGdlYXBwb2ludHMtZm9ybWVyLXVkYWFuLWV4ZWMtdG8taGVhZC1lYXJseS1zdGFnZS1kZWFscw==/657c746593c453ed244b1c8f-20231215) Homegrown venture capital firm WaterBridge Ventures, which has backed startups such as Unacademy, Atlan, Magicpin, Bijnis and CityMall, has onboarded ...... [Read more](=/19/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3dhdGVyYnJpZGdlYXBwb2ludHMtZm9ybWVyLXVkYWFuLWV4ZWMtdG8taGVhZC1lYXJseS1zdGFnZS1kZWFscw==/657c746593c453ed244b1c8f-20231215) --------------------------------------------------------------- M&A [Deals Digest: Momentum accelerates as small deals take backseat this week](=/20/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2RlYWxzZGlnZXN0LW1vbWVudHVtLWFjY2VsZXJhdGVzLWFzLXNtYWxsLWRlYWxzLXRha2UtYmFja3NlYXQtdGhpcy13ZWVr/657c746593c453ed244b1c8f-20231215) Private equity and venture capital deal momentum made a considerable leap in terms of value for the week-ended 15 December, 2023, even as number of ...... [Read more](=/21/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2RlYWxzZGlnZXN0LW1vbWVudHVtLWFjY2VsZXJhdGVzLWFzLXNtYWxsLWRlYWxzLXRha2UtYmFja3NlYXQtdGhpcy13ZWVr/657c746593c453ed244b1c8f-20231215) --------------------------------------------------------------- M&A [Hero MotoCorp ups stake in Ather Energy with $17 mn investment](=/22/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2hlcm9tb3RvLXVwcy1zdGFrZS1pbi1hdGhlci1lbmVyZ3ktd2l0aC0xNy1tbi1pbnZlc3RtZW50/657c746593c453ed244b1c8f-20231215) Electric scooter maker Ather Energy has raised Rs 140 crore (around $16.9 million) in equity funding from 2-wheeler major Hero Morocorp Corp Ltd (HMCL...... [Read more](=/23/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2hlcm9tb3RvLXVwcy1zdGFrZS1pbi1hdGhlci1lbmVyZ3ktd2l0aC0xNy1tbi1pbnZlc3RtZW50/657c746593c453ed244b1c8f-20231215) --------------------------------------------------------------- Markets [Madison PE-backed India Shelter Finance’s IPO covered over 36 times on final day](=/24/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL21hZGlzb25wZS1iYWNrZWQtaW5kaWEtc2hlbHRlci1maW5hbmNlLXMtaXBvLWNvdmVyZWQtb3Zlci0zNi10aW1lcy1vbi1maW5hbC1kYXk=/657c746593c453ed244b1c8f-20231215) The initial public offering of India Shelter Finance Corporation Ltd (ISFC) received strong response from investors as the issue was subscribed 36.71 ...... [Read more](=/25/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL21hZGlzb25wZS1iYWNrZWQtaW5kaWEtc2hlbHRlci1maW5hbmNlLXMtaXBvLWNvdmVyZWQtb3Zlci0zNi10aW1lcy1vbi1maW5hbC1kYXk=/657c746593c453ed244b1c8f-20231215) --------------------------------------------------------------- M&A [Adani Ports to sell Ennore terminal stake to MSC unit for $30 mn](=/26/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2FkYW5pcG9ydHMtdG8tc2VsbC1lbm5vcmUtdGVybWluYWwtc3Rha2UtdG8tbXNjLXVuaXQtZm9yLTMwLW1u/657c746593c453ed244b1c8f-20231215) India's Adani Ports on Friday said it will sell a 49% stake in its Ennore Container Terminal located in the southern city of Chennai to a unit of ...... [Read more](=/27/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2FkYW5pcG9ydHMtdG8tc2VsbC1lbm5vcmUtdGVybWluYWwtc3Rha2UtdG8tbXNjLXVuaXQtZm9yLTMwLW1u/657c746593c453ed244b1c8f-20231215) --------------------------------------------------------------- Markets [Sensex, Nifty post longest weekly winning streak in six years on Fed boost](=/28/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3NlbnNleG5pZnR5LXBvc3QtbG9uZ2VzdC13ZWVrbHktd2lubmluZy1zdHJlYWstaW4tc2l4LXllYXJzLW9uLWZlZC1ib29zdA==/657c746593c453ed244b1c8f-20231215) India's benchmark indexes, Nifty and Sensex, posted their longest weekly winning streak in six years on Friday, extending their rally to record ...... [Read more](=/29/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3NlbnNleG5pZnR5LXBvc3QtbG9uZ2VzdC13ZWVrbHktd2lubmluZy1zdHJlYWstaW4tc2l4LXllYXJzLW9uLWZlZC1ib29zdA==/657c746593c453ed244b1c8f-20231215) --------------------------------------------------------------- General [Grapevine: Biocon, Shriram Finance plan to sell units; Footpath Ventures eyes IPL franchise](=/30/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2dyYXBldmluZWJpb2Nvbi1zaHJpcmFtLWZpbmFuY2UtcGxhbi10by1zZWxsLXVuaXRzLWZvb3RwYXRoLXZlbnR1cmVzLWV5ZXMtaXBsLWZyYW5jaGlzZQ==/657c746593c453ed244b1c8f-20231215) Biocon Ltd is considering a plan to sell its generic active pharmaceutical ingredient (API) business to lower its debt, a media report said. The ...... [Read more](=/31/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2dyYXBldmluZWJpb2Nvbi1zaHJpcmFtLWZpbmFuY2UtcGxhbi10by1zZWxsLXVuaXRzLWZvb3RwYXRoLXZlbnR1cmVzLWV5ZXMtaXBsLWZyYW5jaGlzZQ==/657c746593c453ed244b1c8f-20231215) --------------------------------------------------------------- =/32/aHR0cHM6Ly9zdXN0YWluYWJpbGl0eS52Y2NpcmNsZS5jb20v/657c746593c453ed244b1c8f-20231215 [VCCircle](=/33/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tLw==/657c746593c453ed244b1c8f-20231215) [Privacy Policy](=/34/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3Rlcm1zLW9mLXVzZSNwcml2YWN5LXBvbGljeQ==/657c746593c453ed244b1c8f-20231215) | [Contact us](=/35/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2NvbnRhY3QtdXM=/657c746593c453ed244b1c8f-20231215) --------------------------------------------------------------- Download the VCCircle app and read premium stories [alt_text](=/36/aHR0cHM6Ly9wbGF5Lmdvb2dsZS5jb20vc3RvcmUvYXBwcy9kZXRhaWxzP2lkPWNvbS52Y2NpcmNsZSZobD1lbl9VUw==/657c746593c453ed244b1c8f-20231215) [alt_text](=/37/aHR0cHM6Ly9pdHVuZXMuYXBwbGUuY29tL2luL2FwcC92Y2NpcmNsZS9pZDc0MDM2MjcwOD9tdD04/657c746593c453ed244b1c8f-20231215) --------------------------------------------------------------- Newsletters sent by newsletter@vccircle.co & Powered by Copyright © HT Digital Streams. All Rights Reserved If you want to unsubscribe then click [Unsubscribe](=/657c746593c453ed244b1c8f-20231215)