Private equity / VC
Link Legal, NDA act on $20m Lightspeed Series C investment in MagicPin
Veritas, JSA, WongPartnership help on $50m Asia Healthcare fundraise from Temasek
Themis, Rajaram, AZB, CAM, SAM reprise Five Star in TPG-led Series D $100m round
“SME Lender Five Star Business Finance Raises $100M Led by TPG: Five Star Business Finance Limited, a Chennai-based registered non-banking finance company, has raised $100 million led by private equity firm TPG,” reported Inventiva.
Themis advises Genomics-based firm MedGenome Labs on $40m Series C from HDFC, with Argus
Themis, GameChanger act on $21m Series C for Unacademy, from Sequoia, SAIF, others
Assentio, K Law, Universal act for i3 Systems, raising $1m from Unitus Ventures
DSK acts on $122m Moraine investment into JM Financial with Goodwin
CAM advises Warburg on $400m exit sale of Continental Warehousing to Hindustan Infralog
“Hindustan Infralog Pvt. Ltd, a joint venture between Dubai-based DP World and the National Infrastructure Investment Fund (NIIF), has agreed to acquire a 90% stake in Warburg Pincus-backed Continental Warehousing Corporation (Nhava Seva) Ltd,” according to VCCircle.
CAM helps Fireside invest $1m in Pipa Bella jewellery e-tailer
“Pipa + Bella, a private label non-precious jewellery e-tailer, has raised $1 million (Rs 6.4 crore) led by Fireside Ventures, early-stage consumer-focussed venture fund, a company statement said,” reported VCCircle.
CAM advises Sistema on $12m Series B in Mumbai’s Seclore Tech
“Mumbai-based enterprise technology firm Seclore Technology Pvt. Ltd has raised $12 million (around Rs 80 crore) in Series B funding from Sistema Asia Fund, Helion Venture, VentureEast and India Alternatives,” VCCircle.
CAM, Luthra advise True North in Federal Bank 26% PE investment for $23.5m
“The Federal Bank board has approved 26% strategic investment by private equity player True North in its wholly owned subsidiary - FedBank Financial Services (FedFina), a move that will help the company to grow its loans,” according to reports.
CAM, DSK, NDA advise BanyanTree on $75m Nspira investment
“Education services provider Nspira Management Services Pvt. Ltd has raised $75 million in a round led by Morgan Stanley Private Equity Asia and Banyan Tree Growth Capital II, the company said,” reported Mint.
CAM acts for 4 parties in $99m Warburg Pincus stake buy in IndiaFirst Life
UK insurance company Legal & General Group Plc sold its 26% stake in IndiaFirst Life Insurance to private equity giant Warburg Pincus for Rs 710.54 crore, reported moneycontrol.
Link Legal, K Law act on $2m pre-Series A into SmartCoin
Khaitan acts on $22.5m Series A for Cred, new scheme by Freecharge-founder
CAM, NDA help GIC invest $150m in Godrej Properties
“GIC is ramping up its exposure to Indian real estate, with an investment firm managed by the Singaporean sovereign wealth fund buying a stake in Mumbai-based developer Godrej Properties Ltd for about Rs 1,000 crore ($150 million),” according to Mingtiandi, giving it a 5% stake in the company, which issued fresh shares for the acquisition.
Ex-SAMer Kalpataru Tripathy acts for Fusion Micro Finance on $75m cash infusion from Warburg, opposite CAM, JSA, Vertices, IC Universal
CAM for Premji Invest on $240m 6% stake buy in Future Retail from Bharti Ventures
“PremjiInvest, the family office of Wipro chair Azim Premji, has picked up 6% stake in Future Retail Ltd, the company said. PremjiInvest bought the stake in a bulk deal from Cedar Support Services Ltd, a subsidiary of Bharti Ventures Ltd,” according to Mint.