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Alpha Wave is new face in VLCC's beauty parade

Livemint

Livemint · 1y ago

Alpha Wave is new face in VLCC's beauty parade

US private equity firm Alpha Wave Global has reportedly submitted a binding bid to acquire a 25% stake in wellness company VLCC Healthcare. The deal, which could value VLCC at $600-700m, is conditional on the company meeting specific milestones and is expected to be completed in the next financial year. Alpha Wave would also provide fresh capital to the company. VLCC is majority-owned by Carlyle Group, which acquired a majority stake in the firm for $300m in January 2023. Other firms, including TPG, were previously in talks to purchase a stake in VLCC.

Related News

Multiples, Alpha Wave, VLCC, 360 One WAM, LEAD Group, NTPC, and Arohan in news

VCCircle

VCCircle · 10m ago

Multiples, Alpha Wave, VLCC, 360 One WAM, LEAD Group, NTPC, and Arohan in news

Grapevine: Multiples Alternate Asset Management and Alpha Wave Global are making moves in the Indian market, while VLCC, 360 One WAM, LEAD Group, NTPC, and Arohan are also making headlines. Multiples and SHV Energy are looking to sell their stake in Indian assets, and Alpha Wave Global is in talks to acquire a stake in a beauty and wellness company. Meanwhile, LEAD Group and 360 One WAM plan to raise capital.

Beauty and wellness player VLCC to add foreign investor at higher valuation

VCCircle

VCCircle · 11m ago

Beauty and wellness player VLCC to add foreign investor at higher valuation

VLCC Healthcare Ltd, a beauty and wellness company, is reportedly adding a foreign investor to its capital table, potentially resulting in a higher valuation. The company, backed by Carlyle, is expected to go public in the coming year and is in talks with Alpha Wave, a US-based investor.

CCI approves acquisition of certain issued and paid-up equity share capital of Haldiram

Economic Times

Economic Times · 2m ago

CCI approves acquisition of certain issued and paid-up equity share capital of Haldiram

The Competition Commission of India (CCI) has approved the acquisition of certain shares of Haldiram Snacks Food Private Limited by Alpha Wave Ventures II LP and Alpha Wave IHC CI, LP. This approval follows Haldiram's announcement of selling a stake to International Holding Company (IHC) and Alpha Wave Global. Temasek, a Singapore-based investment firm, previously acquired a minority stake in Haldiram. Alpha Wave focuses on private equity, private credit, and public markets, while UAE's IHC is a leading investment firm.

Grapevine: Alpha Wave bids for stake in VLCC; Yulu Bikes eyes fresh funds

VCCircle

VCCircle · 1y ago

Grapevine: Alpha Wave bids for stake in VLCC; Yulu Bikes eyes fresh funds

US private equity firm Alpha Wave Global has made a binding bid to acquire a 25% stake in VLCC Healthcare, a wellness company based in New Delhi. If successful, the deal could value VLCC at $600-700 million. Alpha Wave's bid includes the possibility of injecting fresh capital into the company. In another development, Indian bicycle-sharing platform Yulu Bikes is reportedly seeking new funds.

KKR-backed Advanta Enterprises adds Alpha Wave to its cap table

VCCircle

VCCircle · 9m ago

KKR-backed Advanta Enterprises adds Alpha Wave to its cap table

Alpha Wave Global, a US-based private equity firm, will acquire a 12.5% stake in Advanta Enterprises for $350 million. The investment will be made through a combination of primary and secondary share purchases. This comes after KKR made a $300 million investment in Advanta in 2022. Alpha Wave's capital infusion will support Advanta's organic and inorganic growth. UPL, the parent company of Advanta, will sell 8.93% of its stake to Alpha Wave to reduce its balance sheet leverage. Advanta is a hybrid seeds company engaged in plant genetic research and development.

CCI clears Manipal Group's stake purchase in Aakash, Bain Capital's deal with Manappuram Finance

Economic Times

Economic Times · 2m ago

CCI clears Manipal Group's stake purchase in Aakash, Bain Capital's deal with Manappuram Finance

The Competition Commission of India (CCI) approved several transactions including Bain Capital's stake acquisition in Manappuram Finance and Asset Finance. Additionally, it approved the Manipal Group's purchase of a stake in Aakash Educational Services from its founder. Haldiram Snacks Food also saw less than a 10% stake acquisition by Alpha Wave Ventures. These approvals reflect growing investment activities in India, involving significant stakeholders like Bain Capital, Manipal Group, and Alpha Wave Global in diverse sectors.

Alpha Wave, Abu Dhabi's IHC join Temasek to invest in Haldiram's

VCCircle

VCCircle · 5m ago

Alpha Wave, Abu Dhabi's IHC join Temasek to invest in Haldiram's

Two new investors, Alpha Wave Global and International Holding Co (IHC), have joined Singapore's Temasek in investing in Indian snack company Haldiram's. Temasek recently acquired a 10% stake for $1 billion, valuing Haldiram's at $10 billion. The investment will help Haldiram's expand into markets like the United States and the Middle East. Haldiram’s holds a significant share in India’s savory snack market, known for popular products like "bhujia." The deal is pending regulatory approval.

Dealshare cofounders Vineet Rao, Sankar Bora exit post rejig

Economic Times

Economic Times · 1y ago

Dealshare cofounders Vineet Rao, Sankar Bora exit post rejig

Vineet Rao and Sankar Bora, the co-founders of e-commerce platform Dealshare, have left the company amid job cuts and business restructuring. Rao, who previously served as CEO, stepped down in July and was supposed to assist in hiring a new CEO before leaving. Bora, the former COO, has also moved on. Dealshare, backed by investors including Tiger Global and Alpha Wave, recently closed its B2B business and has undergone staff reductions. The company is currently looking for a new CEO.

Former Alpha Wave exec aims to take on Google Chrome with new venture

VCCircle

VCCircle · 1y ago

Former Alpha Wave exec aims to take on Google Chrome with new venture

Arjun Ghose, a former executive at venture capital firm Alpha Wave Global, has started his own startup called Veera to challenge Google Chrome. Veera is a mobile browser that aims to bring desktop browser features to smartphones. Ghose's venture is in direct competition with the popular web browser, Google Chrome.

Alpha Wave, Tiger Global-backed Oxyzo plans Series B funding round

VCCircle

VCCircle · 3m ago

Alpha Wave, Tiger Global-backed Oxyzo plans Series B funding round

Oxyzo Financial Services Ltd, backed by Alpha Wave and Tiger Global, is planning a Series B funding round after its assets under management exceeded $1 billion. This non-bank lender, an arm of the B2B marketplace OfBusiness, aims to raise fresh funds to support its expansion.

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