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Why Avendus is expanding its investment focus on manufacturing sector

VCCircle

VCCircle · 1y ago

Why Avendus is expanding its investment focus on manufacturing sector

Avendus Future Leaders Fund, the late-stage investment arm of financial services firm Avendus, is expanding its investment focus to include the manufacturing sector as it approaches the end of the deployment period for its second fund. The firm is currently investing from the Avendus Future Leaders Fund II, which has a target corpus of $500 million. The decision to expand into manufacturing aligns with Avendus' strategy to invest in sectors that are projected to have strong growth potential.

Related News

Avendus Capital’s Chandra on new fund, why PE multiples may fall and more

VCCircle

VCCircle · 4m ago

Avendus Capital’s Chandra on new fund, why PE multiples may fall and more

Avendus Capital is raising its third private equity fund amidst challenging fundraising conditions due to global uncertainties, such as the potential US recession. Ritesh Chandra, managing partner at Avendus Future Leaders Fund, shares insights on the situation. Despite these hurdles, Avendus remains optimistic about investment opportunities and anticipates a decrease in private equity multiples. The firm's strategic focus and experience in managing assets could help navigate the complex landscape and achieve favorable outcomes.

Avendus floats third private credit fund, targets first close next month

VCCircle

VCCircle · 7m ago

Avendus floats third private credit fund, targets first close next month

Avendus PE Investment Advisors, part of the Avendus Group, is raising its third private credit fund, targeting the first close as soon as next month. The Mumbai-based asset manager, which launched the first private credit fund in 2017, aims to further expand its financial offerings with this new initiative. Anshul Jain, executive director of structured credit, is involved in spearheading these efforts. Details on the investment focus and target corpus have not been disclosed.

Avendus launches ₹3,000-cr late-stage fund to invest in tech, healthcare firms

Livemint

Livemint · 1y ago

Avendus launches ₹3,000-cr late-stage fund to invest in tech, healthcare firms

Financial services firm Avendus has launched its third Future Leaders Fund, aiming to raise around INR 30bn ($400m) including a green-shoe option to raise an additional INR 15bn. The late-stage fund will focus on large-cap investments in private markets, targeting sectors such as financial services, healthcare and manufacturing. It plans to make 10-12 investments with an average ticket size of INR 2-3bn each. Avendus' investment strategy includes both primary and secondary transactions in companies with a strategic competitive edge and strong operating metrics. The fund will provide periodic liquidity to its backers through multiple exit options.

Taiwan-based Foxconn proposes to invest additional $400 million in Telangana

IndianStartupNews

IndianStartupNews · 2y ago

Taiwan-based Foxconn proposes to invest additional $400 million in Telangana

Foxconn, the multinational electronics manufacturer, has expressed its intention to invest an additional $400 million in the Indian state of Telangana. This proposed investment is part of Foxconn's commitment to expanding its manufacturing operations in the region. The investment is expected to boost the local economy, create job opportunities, and contribute to the growth of the electronics manufacturing sector.

TVS Credit to make a bid for Avendus Capital

Livemint

Livemint · 8m ago

TVS Credit to make a bid for Avendus Capital

TVS Credit, the financial services arm of India-based TVS Group, is reportedly considering a bid for KKR-backed investment bank Avendus Capital as part of its strategy to expand its financial services business. TVS Group may acquire Avendus and keep it as a standalone entity or make an acquisition through TVS Credit. Other potential bidders for Avendus include Nomura Holdings, Mizuho Financial Services, and Carlyle. Avendus Capital specializes in investment banking, particularly within India's technology and startup sectors. The final decision on the sale is expected to be made in January 2023.

Avendus set to hit first close of third late-stage investment fund

VCCircle

VCCircle · 8m ago

Avendus set to hit first close of third late-stage investment fund

Avendus Capital, a Mumbai-based investment banking and asset management firm, is expected to achieve the first close of its third alternative investment fund, the Avendus Future Leaders Fund III. The firm is focused on private market deals and is set to make an announcement soon about the fund's progress.

Avendus hits halfway mark in first close for third private credit fund

VCCircle

VCCircle · 3m ago

Avendus hits halfway mark in first close for third private credit fund

Avendus PE Investment Advisors has reached the halfway point in the first close of its third private credit fund, raising about Rs 1,000 crore out of a Rs 2,000 crore target, with a greenshoe option for an equal additional amount. The fund, Avendus Structured Credit Fund III, focuses on growth-stage companies with differentiated business models, aiming for transactions ranging from Rs 200-500 crore and an IRR of 16-18%. The fund is sector-agnostic and seeks institutional investors.

ChrysCapital emerges as frontrunner to invest in electronics manufacturer

VCCircle

VCCircle · 5m ago

ChrysCapital emerges as frontrunner to invest in electronics manufacturer

ChrysCapital, a prominent Indian private equity firm, is reportedly in advanced talks to invest in a contract manufacturer specializing in electronics and household appliances. This move aligns with ChrysCapital's strategy as it works on accumulating a substantial investment corpus domestically. The discussions underline ChrysCapital's interest in expanding its footprint in the electronics manufacturing sector, an area seen as ripe for investment and growth opportunities.

Spotlight: Slowdown in deals, shrinking loan book hits Avendus as I-banking remains backbone

VCCircle

VCCircle · 1y ago

Spotlight: Slowdown in deals, shrinking loan book hits Avendus as I-banking remains backbone

Avendus Capital, backed by KKR, is facing a slowdown in deals and a shrinking loan book, impacting its performance. Despite its diversification into wealth, asset management, and lending, the company is still heavily reliant on investment banking. Pro Ranu Vohra, co-founder and executive vice chairman of Avendus, had previously expressed the company's ambition to reduce this dependence. However, it appears that Avendus has yet to achieve its desired level of consistency in performance across its various verticals.

PremjiInvest eyes controlling stake in packaging firm

VCCircle

VCCircle · 8m ago

PremjiInvest eyes controlling stake in packaging firm

PremjiInvest, the family office of Wipro founder chairman Azim Premji, is reportedly seeking a controlling stake in a packaging firm. This move comes as alternative investment firms show renewed interest in the sector. PremjiInvest recently announced an investment in a technology startup and is now expanding its focus to the packaging industry.

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