🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥
✕
Login
Home
News
Messages
Startup Showcase
Trackers
Premium
Premium Content
Jobs
Notifications
Settings
Try our Valuation Calculator →
Log In
News on Medial
Multiples PE eyes Ebco; GIC, ADIA join PE consortium for Haldiram deal
VCCircle
·
1y ago
Medial
Indian private equity firm Multiples Asset Management is in advanced talks to acquire a controlling stake in furniture hardware company Ebco. If the negotiations are successful, Multiples will become the majority owner of Ebco. However, other investors are reportedly involved in the deal as well.
View Source
Related News
Grapevine: Haldiram's stake sale hits stalemate; French firm checks into New Shop
VCCircle
·
10m ago
Medial
The stake sale process for Haldiram Snacks Food Pvt Ltd has encountered a roadblock due to disagreements over pricing and valuation. The Blackstone-led consortium, which includes GIC and the Abu Dhabi Investment Authority, had submitted a non-binding bid valuing the company at over $8 billion in May. However, negotiations have hit a stalemate. On a different note, a French firm has recently made an investment in New Shop, a retail-tech startup.
View Source
PE fund Multiples, Sachetis to acquire majority stake in VIP Industries
Economic Times
·
3d ago
Medial
Multiples Alternate Asset Management and Samvibhag Securities will acquire a 32% stake in VIP Industries from promoter Dilip Piramal and his family. Mithun and Siddhartha Sacheti are part of the buying consortium. An open offer will follow for an additional 26% stake, potentially increasing their stake to 58%. VIP Industries didn't disclose financial terms, but sources suggest the price below market value. VIP faces competition from Samsonite and Safari Industries, affecting its market position and financial performance.
View Source
’Largest private equity buyout in India’: Blackstone in advanced talks to acquire controlling stake in Haldiram’s
Livemint
·
1y ago
Medial
Private equity firm Blackstone is reportedly in advanced talks to acquire a controlling stake in Haldiram's, India's largest family-run snacks business. Blackstone, along with its partners Abu Dhabi Investment Authority and Singapore's GIC, has been in negotiations with the Haldiram Agarwal family for several months. The deal, valued at up to ₹70,000 crore, would potentially make it the largest private equity buyout deal in India. However, differences in company valuation and the family's desire to retain a larger share of the business have reportedly delayed the negotiations. Haldiram's has also received bids from Bain & Co. and Temasek Holdings.
View Source
Grapevine: Haldiram, Alpha Wave Global, Jar, Prosus, GIC, and BharatPe in news
VCCircle
·
7m ago
Medial
Alpha Wave Global is reportedly bidding for a minority stake in Haldiram Snacks Food, while Prosus is in advanced talks to lead a funding round for fintech startup Jar. Singapore's GIC is also exploring options for its stake in Greenko Energy. BharatPe, a digital payment startup, has raised $450 million in a funding round led by Tiger Global, bringing its valuation to $4.5 billion.
View Source
Namibian PE firm Eos Capital strikes second bet from agri-focused fund
VCCircle
·
1y ago
Medial
Eos Capital, a Namibian private equity firm, has made its second investment from its agri-focused fund by backing a poultry company in a consortium deal. The firm has partnered with Africa Venture Partner Projects and Oyeno Poultry Industries for the investment. Eos Capital manages $55 million in assets across three investment vehicles.
View Source
Multiples PE nears deal for Smallcase stake
The Arc Web
·
11m ago
Medial
Private equity firm Multiples Alternate Asset Management is considering leading a $30-40 million funding round for Smallcase, a digital investment platform backed by Zerodha and Amazon. This could value Smallcase at over $300 million. Multiples, which traditionally invests in profitable companies and fintechs, raised a $640-million fund in 2023. Smallcase, which bundles securities for retail investors, has 100 million users and facilitated $9.3 billion in investments. It seeks funds to bolster cash reserves and invest in Zerodha Fund House.
View Source
Multiples PE-backed Zenex Animal Health acquires Ayurvet
VCCircle
·
1y ago
Medial
Zenex Animal Health, a company backed by Multiples PE, has acquired animal care firm Ayurvet Ltd. The financial terms of the deal were not disclosed. This acquisition will enhance Zenex's animal health portfolio by incorporating herbal products and improving its overall quality. Additionally, Zenex will gain access to Ayurvet's R&D, brand portfolio, geographic reach, and management and sales teams. Ayurvet provides natural and herbal products for livestock, poultry, and companion animals and operates in around 25 countries. Zenex's expansion in the EU market through Ayurvet's presence in Poland is expected.
View Source
Goldman Sachs snaps up PeopleStrong as Multiples PE makes an exit
VCCircle
·
3m ago
Medial
Goldman Sachs Alternatives has acquired a majority stake in PeopleStrong, a Gurgaon-based human resources technology company, from Multiples PE. PeopleStrong offers an AI-powered SaaS platform for human capital management, serving various industries. It aims to expand its user base from over 2 million to 10 million globally. The acquisition details remain undisclosed, but Multiples PE held nearly 90% since their 2017 investment. Goldman Sachs has been a significant investor in India since 2006.
View Source
PE firm Multiples closes $430 Mn continuation fund
Entrackr
·
1m ago
Medial
Private equity firm Multiples Alternate Asset Management has raised $430 million for a continuation fund to extend its investment in three portfolio companies — Vastu Housing Finance, Quantiphi, and APAC Financial Services. The transaction allows investors in Multiples Fund II to monetize their investments while enabling the firm to continue holding on to high-performing assets, according to a press release. The continuation fund, which was oversubscribed, is backed by four global investors — HarbourVest Partners, Hamilton Lane, LGT Capital Partners, and TPG NewQuest. Some existing Fund II investors have also rolled over their commitments into the new vehicle. Vastu Housing Finance is focused on affordable housing credit, Quantiphi provides AI and digital engineering solutions, and APAC Financial Services is an emerging financial platform with a growing nationwide presence. The fund also includes additional capital for follow-on investments in these companies. Renuka Ramnath-led Multiples has backed more than 35 companies and seen exits across IPOs, strategic sales, and secondary transactions.
View Source
Multiples PE makes its second bet in logistics sector
VCCircle
·
6m ago
Medial
Multiples PE, a private equity firm, has invested $35 million in logistics company INSTANT-XP for a minority stake. This is the firm's second bet in the logistics sector, after investing in Delhivery back in 2014. INSTANT-XP plans to use the investment to enhance its technological capabilities and expand its network and service offerings. No information was disclosed about the size of the stake acquired by Multiples or the company's valuation. INSTANT-XP offers transport, logistics, and container renting services, with a fleet of 1,110 vehicles.
View Source
Trackers
Active Indian VC’s
OG Capital
Email
With a hands-on approach, OG Capital aims to invest in over 20 promising...
Accel Partners
Email
Early and growth-stage investments in disruptive technology companies with...
Blume
Email
Early-stage venture capital firm investing in technology startups in India. Focus on...
Access All Trackers
Startup Showcase Winners
June 2025
Buddy
Helping your parents when you are miles away
BiteStop
The Pit Stop Your Cravings Deserve
Bloomer
The next generation E-commerce platform
Enter Ongoing Startup Showcase
Top Users
Trending News on Medial
Download the medial app to read full posts, comements and news.
Go to Medial App
Not Now
Know everything that’s happening in the startup ecosystem, first.
Enable Notifications?
No, thanks
Count me in
