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Spotlight: How Actis-owned Profectus plans to revive growth after hitting a bump

VCCircle

VCCircle · 7m ago

Spotlight: How Actis-owned Profectus plans to revive growth after hitting a bump

Profectus Capital Pvt. Ltd, an Indian non-banking finance company owned by British private equity firm Actis, is experiencing a significant slowdown in profit growth due to halted loan growth and rising bad debts. Despite these challenges, the company is recalibrating its business strategy to revive growth. CEO KV Srinivasan is steering efforts to stabilize the company’s financial health and ensure sustainable development in response to the current fiscal pressure.

Related News

Bottomline: Actis owned lender Profectus ups profit, AUM nearing $500 mn mark

VCCircle

VCCircle · 1y ago

Bottomline: Actis owned lender Profectus ups profit, AUM nearing $500 mn mark

Profectus Capital Pvt. Ltd., a non-banking financial company owned by Actis, has reported an increase in assets under management (AUM) and improved financial metrics for the financial year 2024. The AUM of Profectus Capital is nearing the $500 million mark, following Actis' acquisition of the company in 2019.

Actis may trim Profectus stake; Goldman to double down on MoEngage

VCCircle

VCCircle · 1y ago

Actis may trim Profectus stake; Goldman to double down on MoEngage

Private equity firm Actis is reportedly considering selling a stake in Profectus Capital, a non-banking finance company it fully owns. Actis is said to be looking to dilute its stake through a combination of a primary issue and a secondary sale of shares. In other news, Goldman Sachs is reportedly planning to increase its investment in marketing automation platform MoEngage. The move aims to capitalize on the growing demand for digital marketing tools and services.

Actis-owned BluPine looks to lift investment target in growth drive

VCCircle

VCCircle · 10m ago

Actis-owned BluPine looks to lift investment target in growth drive

- BluPine Energy, the Indian renewable energy platform of Actis, plans to increase its investment target as it aims to reach 4GW installed capacity in the next four-five years. - The company is owned by private equity firm Actis. - BluPine Energy is looking to upscale its investment plans to achieve its growth target. - The renewable energy platform is focused on expanding its presence in India's renewable energy sector. - BluPine Energy aims to contribute to India's clean energy goals by increasing its installed capacity.

Actis ramps up India roads portfolio with $92-mn deal

VCCircle

VCCircle · 10m ago

Actis ramps up India roads portfolio with $92-mn deal

- Actis, a UK-based private equity firm, has acquired an 89-km highway project in India for Rs 775 crore ($92.3 million). - This acquisition is aimed at expanding Actis' India roads portfolio. - The deal was made in collaboration with American growth investor General Atlantic. - The acquisition is expected to be completed in the next 15 months. - The acquisition will contribute to Actis' growth strategy in the Indian market.

Actis makes over $200-mn monetisation move from biggest India bet

VCCircle

VCCircle · 1y ago

Actis makes over $200-mn monetisation move from biggest India bet

Actis, a private equity firm with a focus on emerging markets, has initiated a plan to monetise its largest investment in India, valued at over $200 million. After a successful 2022, during which it made deals worth over $1 billion, Actis had a relatively quiet 2023. This move marks its first major action of the new year. Though the specific details of the monetisation strategy have not been disclosed, Actis had previously closed four transactions in India.

Investors eye stake buy in BluPine Energy in heated M&A market

Livemint

Livemint · 8m ago

Investors eye stake buy in BluPine Energy in heated M&A market

Investors are showing interest in BluPine Energy, a renewable power platform incorporated in India by Actis Capital. The London-based private equity firm is reportedly considering divestment options after investment bankers approached them with offers. BluPine currently has 2.6 GW of solar and wind energy assets in India, and Actis aims to achieve over 4 GW of renewable energy by 2028. The potential transaction could be valued at around $1 billion. However, Actis denied rumors of exploring divestment, calling the information misleading and incorrect.

NTT sells controlling stake in Pune-based Nihilent to promoter

Economic Times

Economic Times · 1y ago

NTT sells controlling stake in Pune-based Nihilent to promoter

Japanese telecommunication giant NTT Corporation has sold its controlling stake in IT consulting firm Nihilent Ltd to the founder and promoter LC Singh. The deal size was not disclosed, but NTT was seeking a valuation of around $314 million for Nihilent. Singh exercised his right of refusal and bought back the stake through a leveraged buyout with financing from two funds. NTT became Nihilent's biggest shareholder in 2017. Singh plans to revive the IPO plans for Nihilent after 18 months and expects a 10% revenue growth for the current year.

What’s the game plan of life sciences VC fund floated by Actis-owned firm's execs?

VCCircle

VCCircle · 8m ago

What’s the game plan of life sciences VC fund floated by Actis-owned firm's execs?

Three executives from Rx Propellant, a life sciences infrastructure provider owned by Actis, have launched a venture capital fund to invest in biotech startups. Vishal Goel and Jasmeet Chhabra, with a background in real estate investments, have joined forces with a former RX Proellant executive to form the new fund. The focus of the fund will be on supporting innovation in the biotech sector.

Actis buys Macquarie’s Stride Climate to expand India green energy portfolio

VCCircle

VCCircle · 5m ago

Actis buys Macquarie’s Stride Climate to expand India green energy portfolio

Actis, a London-based private equity firm focused on sustainable infrastructure, has acquired Stride Climate Investments from Macquarie Asset Management to enhance its renewable energy assets in India. The portfolio includes 371MW of operating solar photovoltaic assets across 21 projects, mainly in Gujarat. Although financial details weren't disclosed, the deal's estimated value is between Rs 1,480-1,850 crore. Stride joins Actis' other Indian energy platforms, BluPine Energy and Athena Renewables, as part of their strategic growth in renewable energy.

Warburg Pincus-backed boAt revives IPO plan, taps bankers

VCCircle

VCCircle · 7m ago

Warburg Pincus-backed boAt revives IPO plan, taps bankers

boAt, an audio products and wearables brand backed by Warburg Pincus, is preparing to revive its initial public offering (IPO) plans after more than two years. The company has engaged bankers to facilitate the process. Previously, boAt had shelved its IPO plans but is now looking to go public, highlighting a strategic move towards expanding its financial and market reach.

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