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Indusind Bank Seeks $500-750 Mn 'confidence Capital', Says Report

IndusInd Bank#39;s promoters are reportedly considering diluting their stake by 5-10 percent. : IndusInd Bank is looking to raise as much as $500-750 million in 'confidence capital' from global firms, attempting to allay investor's fears after the novel coronavirus (COVID-19) outbreak, The Economic Times reported. The private lender, backed by the Hinduja family, also saw an outgo of one-tenth of its deposits after Yes Bank went through a crisis. Global private equity (PE) funds such as Blackstone, Apax Partners, General Atlantic (GA), Advent, TPG, Carlyle and others have been contacted, the report said.
Read by 32% of LPs 4 hours, 53 minutes ago

The London Lawyer Briefing: The Week Fear Became Reality

An analysis of the week's news shows the various ways law firms are attempting to shore up their finances. : Paul Hodkinson is the Editor-In-Chief of Legal Week. Before joining the company in late 2018, he was the Deputy Editor and Comment Editor of Financial News, part of Dow Jones. He has also held roles as Acting Editor of Financial News and Editor of Private Equity News and has written for The Wall Street Journal as well as numerous private equity publications in the U.S.
Read by 80% of LPs 9 hours, 53 minutes ago

Q&a: Tifosy Co-founder Fausto Zanetton Talks Over The Financial Issues Facing Serie A Clubs

Former investment banker Fausto Zanetton is extremely well qualified to give his thoughts on this subject as--after a career that included institutions such as Morgan Stanley and Goldman Sachs--he co-founded Tifosy, a global sports advisory and capital solutions firm.
Read by 69% of LPs April 02, 2020

'a Perfect Storm For First Time Managers,' Say Vcs With Their Own Shops - Techcrunch

Until very recently, it had begun to seem like anyone with a thick enough checkbook and some key contacts in the startup world could not only fund companies as an angel investor but even put himself or herself in business as a fund manager. It helped that the world of venture fundamentally changed and opened [...]
Read by 41% of LPs April 01, 2020

Private Equity Firms Feel The Pain Of India's Falling Stock Prices

The crash in stock prices caused by the COVID-19 pandemic, which has prompted promoters to provide more collateral to lenders, has also started to impact private equity investors.
Read by 68% of LPs April 01, 2020

Weak Demand For Ams Fundraising Highlights Osram Deal Doubts

* 62% of shareholders, subscription rights holders took part (Adds banking sources, analysts, detail, background): VIENNA (Reuters) - Weak demand for sensor maker AMS's (AMS.S) share issue this week has highlighted investors' doubts about the company's ability to cope with its takeover of German lighting group Osram (OSRn.DE). Low take-up of the Austrian group's capital increase by investors forced underwriting banks UBS (UBSG.S) and HSBC (HSBA.L) to take a combined 15% AMS stake. Swiss-listed AMS shares fell more than 12% to a nearly eight-year-low of 8.35 Swiss francs on Wednesday.
Read by 80% of LPs April 01, 2020

We Talked To 14 Private-equity Insiders About How They're Planning To Play The Coronavirus Turmoil. They Identified 2 Huge Opportunities. | Mercury Capital

Market chaos is creating crises and opportunities. Private-equity firms are scrambling to manage both. As the stock market crashes, and...
Read by 58% of LPs April 01, 2020

Market Downturn Gives Attractive Opportunities For Long-term Investing | Business Standard News

Investing in beaten-down sectors can help you profit from this downturn. : Two fund houses--SBI Mutual Fund and DSP Investment Managers--recently opened their small-cap funds to lump-sum investments. In a recent interview to Business Standard, S Naren, executive director and chief investment officer, said that times like these are the best for investing in equities. "Currently, equity valuations are cheap and investor sentiment is that of panic. Historically, such times have proven to be attractive for long-term equity investing," he said.
Read by 61% of LPs April 01, 2020

Vc Fund Co-founder, Ian Sigalow, On How Supermarkets Can Evolve

A s co-founder and New York-based partner of private-equity firm Greycroft, Ian Sigalow helps manage a $1.5 billion portfolio. Investments he has led include payment platform Braintree, acquired by... To view the full story, click the title link.
Read by 73% of LPs April 01, 2020

Private Equity Eyes Industries Crippled By Coronavirus: 'They Have Been Waiting For This'

The coronavirus pandemic is shutting down entire sectors of the economy and putting millions of Americans out of work, but one corner of Wall Street may find opportunity amid the carnage: private equity.
Read by 56% of LPs