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Grapevine: PEs eye India's largest cardiac stent maker; O2 Power race heats up
VCCircle
·
1y ago
Medial
Private equity firms such as KKR, TPG Capital, and Apax Partners are considering investing in India's largest cardiac stent maker, Sahajanand Medical Technologies (SMT). The evaluation values SMT at around Rs 3,500-4,000 crore. Another global private equity firm and Mumbai-based pharmaceutical company, Alkem Laboratories, are also reportedly interested in the deal. The potential investment highlights the growing interest in the healthcare sector in India.
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Everstone-backed stent maker Translumina raises pre-IPO funding
VCCircle
·
8m ago
Medial
Everstone-backed stent maker Translumina Therapeutics, which manufactures cardiac stents and cardiovascular medical devices, has raised pre-IPO funding from domestic and international family offices. The India-focused private equity firm, Everstone Capital, backs Integris Health Pvt. Ltd, the parent company of Translumina Therapeutics. With this funding, Translumina aims to strengthen its position as one of the largest cardiac stent manufacturers in India.
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PE-backed stent maker Sahajanand Medical reshuffles top deck
VCCircle
·
6m ago
Medial
Sahajanand Medical Technologies Ltd, a cardiac stent maker backed by private equity firms, is overhauling its leadership as it plans a public listing. Bhargav Kotadia, from the founding family, will become CEO, replacing Ganesh Sabat. Jose Calle Gordo is elevated to chairman, while founder Dhirajlal Kotadia becomes chairman emeritus. The company aims to use IPO proceeds to enhance R&D, manufacturing capacity, and international operations. Sahajanand previously received funding from Samara Capital and Morgan Stanley PE.
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JSW Neo Energy to acquire O2 Power at enterprise value of $1.47 billion | Company Business News
Livemint
·
8m ago
Medial
JSW Neo Energy, a subsidiary of JSW Energy, is acquiring O2 Power for $1.47 billion, increasing its planned generation capacity by 23%. EQT and Temasek, owning 51% and 49% of O2 Power respectively, will exit after the acquisition. O2 Power, with a 4.7 GW renewable energy capacity, will see significant capacity operational by 2025 and 2027. This is JSW Energy's largest acquisition, strengthening its renewable energy position in India.
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Grapevine: JSW Energy, Lite Bite, BluPine, Table Space, and HDB Financial in news
VCCircle
·
8m ago
Medial
JSW Energy is looking to acquire O2 Power, while shareholders of Lite Bite Foods are considering selling a minority stake. Investment bankers have approached Actis with potential offers for BluPine Energy. Table Space has begun project implementation, and HDB Financial Services is planning to raise capital through a public issue.
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Grapevine: Edelweiss Alts’ Sekura buys 350 MW project; Pratilipi eyes IPO
VCCircle
·
11m ago
Medial
Sekura Energy, a subsidiary of Edelweiss Alternatives, has acquired 350 MW of operational assets from O2 Power in Madhya Pradesh. The assets were purchased for Rs 2,000 crore and were developed for the Rewa Ultra Mega Solar project. In other news, Pratilipi, an Indian storytelling platform, is reportedly considering an initial public offering (IPO). However, no further details were provided in the report.
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Grapevine: Motherson, Xander, Alta Capital, Lenskart, Kazam, MoEngage in news
VCCircle
·
2m ago
Medial
Auto components maker Samvardhana Motherson is preparing to bid for Marelli Holdings. Alta Capital's logistics platform is reportedly leading the race for Xander Group's warehousing portfolio. Lenskart plans to acquire GeoIQ. Additionally, electric mobility startup Kazam has secured Series B funding.
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Grapevine: PEs eye LOGOS' assets; Kalyan Jewellers’ promoters mull raising stake
VCCircle
·
1y ago
Medial
Global investors, such as Blackstone Group, GIC, and Mitsui OSK Lines, have submitted bids to acquire LOGOS India's logistics assets, covering around 5 million sq ft. The bids range from Rs 1,650 crore to Rs 1,700 crore and are focused on three operational assets in Chennai and Haryana's Luhari. The potential acquisition highlights the growing interest in India's logistics sector amongst private equity firms. In other news, the promoters of Kalyan Jewellers are considering increasing their stake in the company.
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I Squared, JSW Neo and Macquarie shortlisted to buy O2 Power in $1-billion deal
Livemint
·
11m ago
Medial
Private equity firm I Squared Capital, JSW Neo Energy (a subsidiary of JSW Group), and Macquarie Group have been shortlisted to submit bids for the acquisition of renewable energy platform O2 Power. The deal, which could value O2 Power at $1 billion in equity and $2.3 billion in enterprise, is one of the largest green energy transactions in India. Stonepeak is also in talks to participate in the bidding process. The selected bidders will have full access to the data room before submitting their final offers by October 19th.
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Grapevine: Three firms make cut for O2 Power; co-working platforms eye IPOs
VCCircle
·
11m ago
Medial
Three firms, I Squared Capital, JSW Neo Energy, and Macquarie Group, have made the shortlist to submit binding bids for the acquisition of renewable energy platform O2 Power. The deal, which could value the equity at $1 billion and enterprise at $2.3 billion, is expected to attract significant interest. In other news, co-working platforms are eyeing initial public offerings (IPOs) as demand for flexible working spaces continues to grow.
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Grapevine: FlyDubai, Titan, ASG Eye, Adhunik Power, Lightstorm, Licious in news
VCCircle
·
6m ago
Medial
Lightstorm Telecom Connectivity has secured new funding, and Adhunik Power & Natural Resources is negotiating to refinance its debt with Edelweiss. Meanwhile, Titan and ASG Eye Hospitals are considering acquisitions. FlyDubai is exploring partnerships to establish a domestic carrier in India. Additionally, Temasek-backed Licious is also mentioned in recent news, although the specific context regarding Licious is not detailed.
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