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Grapevine: Zepto, Reliance Consumer, Amagi Media, KKR, and JB Pharma in news
VCCircle · 6m ago
Medial
Zepto is considering expanding its IPO size, while Amagi Media Labs has appointed four bankers for its public listing. Additionally, Reliance Consumer Products aims to acquire a packaged foods brand, and KKR plans to start exiting JB Pharma.
Exclusive: KKR changes tack to monetise JB Pharma bet as suitors balk at valuation ask
VCCircle · 10m ago
Medial
Private equity firm KKR is exploring alternative options to monetize its investment in JB Chemicals & Pharmaceuticals Ltd, also known as JB Pharma. Talks to sell its stake in the drugmaker have hit a roadblock due to differences in valuation. KKR is now considering a multi-billion dollar plan to unlock the value of its investment in JB Pharma.
Grapevine: Zydus joins Torrent in race for JB Chemicals; The New Shop eyes 24Seven
VCCircle · 11m ago
Medial
In the race to acquire JB Chemicals and Pharmaceuticals, Torrent Pharmaceuticals and Zydus Lifesciences are competing with private equity firm EQT. They have been shortlisted by KKR, the current owner of JB Chemicals. This comes after earlier reports of Torrent Pharma being in advanced talks to acquire KKR's stake in the company. Meanwhile, The New Shop is reportedly looking to acquire 24Seven.
Grapevine: Haldiram's, Temasek, Peak XV, Sealink, Blackrock, Lendingkart in news
VCCircle · 9m ago
Medial
Private equity firms such as Bain Capital, Blackstone, KKR, SeaLink Capital, Singapore's Temasek, venture capital firm Peak XV Partners, and asset manager BlackRock were featured in multiple news reports. The promoters of Haldiram Snacks Food Pvt. Ltd are looking to sell only a portion of their stake. Other companies such as Premium Credit and Lendingkart also made headlines.
Grapevine: KKR mulls JB Pharma sale; Bharti eyes Del Monte JV exit
VCCircle · 1y ago
Medial
Private equity firm KKR is considering selling its majority stake in JB Chemicals & Pharmaceuticals Ltd. KKR is reportedly hiring financial advisers to evaluate the potential sale. Meanwhile, Bharti Group is also exploring options to exit its joint venture with Del Monte, a fruit and vegetable processing company.
Capillary Technologies Secures Board Approval for INR 2250 Cr IPO Launch
StartupTalky · 1m ago
Medial
Capillary Technologies has obtained board approval to launch a INR 2250 crore IPO, raising INR 500 crore through new shares and INR 1750 crore via an offer for sale. This move follows an earlier attempt to list in 2021, which was abandoned. Founded in 2008, Capillary offers client engagement software with clients like Domino's and Tata Group. The company saw an 80% revenue growth in FY24 and is backed by investors like Qualcom Ventures and Peak XV Partners.
Grapevine: Dunzo, HUL, Minimalist, Zepto, Blackstone, and EPL in news
VCCircle · 6m ago
Medial
Dunzo is reportedly facing a possible distress sale, with media reports indicating that Hindustan Unilever is eyeing the acquisition of Minimalist, backed by Peak XV. Meanwhile, Zepto is gearing up for a stock market listing. Additionally, Blackstone is seeking an adviser to facilitate the sale of its stake in EPL. These developments highlight significant strategic movements among these companies as they navigate challenges and opportunities in their respective industries.
Grapevine: Reliance Jio, Pristyn Care, Peak XV Partners, and NestAway in news
VCCircle · 7m ago
Medial
Reliance Industries is gearing up for the IPO of Reliance Jio Infocomm. Meanwhile, Peak XV Partners-backed Pristyn Care is in early fundraising discussions. Additionally, the founder of NestAway has lodged a criminal complaint against the company's lead private equity backers and co-founders. These developments were reported across various media outlets, highlighting significant strategic and legal activities within these companies.
Grapevine: Jubilant Group, Goldman Sachs, HDFC, Zetwerk, and LG Electronics in news
VCCircle · 8m ago
Medial
The Bhartia family is reportedly in talks with an investment bank to acquire a stake in Hindustan Coca-Cola Beverages. HDFC Bank is planning to sell some commercial properties it inherited from its merger with HDFC. Additionally, Zetwerk, which is backed by Peak XV, is considering fundraising options. This news involves several prominent companies including Jubilant Group, Goldman Sachs, HDFC, Zetwerk, and LG Electronics.
Torrent, JB Chemicals finalising steps for two-stage merger, combine may find place in pharma big 5
Economic Times · 1m ago
Medial
Torrent Pharmaceuticals is pursuing a merger with JB Chemicals & Pharmaceuticals through a two-stage transaction. Initially, Torrent will acquire a 47.84% stake from KKR in JB Chemicals for approximately ₹13,433 crore. The second stage involves a merger to harness synergies, potentially placing the combined entity among India's top five pharma companies with a market capitalization of ₹1.41 lakh crore. This merger could enhance Torrent's portfolio with JB's domestic brands and a contract manufacturing business.
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