TPG weighs options to exit Shriram Transport Finance

The Economic Times 3 September 2012 MUMBAI: TPG, the private equity with $51 billion in investments across the globe, could sell its 20 per cent stake in Shriram Transport Finance Corp (STFC) valued at nearly Rs 2,800 crore in negotiated deals as a strategic buyer...

Goldman Sachs picks up 26% in Nova Specialty Surgery

The Economic Times 14 August 2012 BANGALORE: Short-stay surgery provider Nova Specialty Surgery has raised 300 crore from Goldman Sachs and existing investor New Enterprise Associates, to expand its network of centres and fertility clinics in the country. The private...

Gita Piramal divests 95% stake in BP Ergo to HNI Corp

The Economic Times 13 August 2012 Gita Piramal, business historian and the author of Business Maharajas, has divested her entire 95% stake in office furniture company BP Ergo for an undisclosed amount to American furniture major HNI Corp. Investment banking officials...

Piramal invests in German molecular imaging technology

Business Line 30 August 2012 Indian healthcare major Piramal, which had taken over Bayer HealthCare’s molecular-imaging pipeline, has been investing in German molecular imaging technology. With the Indian major of the belief that the future of medicine is set to be...

L&T may buy entire stake in Audco

Livemint.com 17 August 2012 India’s biggest engineering and construction conglomerate Larsen and Toubro Ltd (L&T) is planning to acquire the entire stake of US-based Flowserve Corp. in their 50:50 joint venture (JV) Audco India Ltd, according to an internal...

L Capital backs Indian cinema operator PVR

Asian Venture Capital Journal 3 August 2012 L Capital, the private equity arm of luxury group LVMH, will invest just under INR1.1 billion ($19.4 million) in cinema and entertainment company PVR for a 10% stake. As part of the deal, L Capital will set up a joint...