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PE-backed Unimech Aerospace to acquire engineering components maker

New Delhi, April 23 -- Unimech Aerospace and Manufacturing Ltd has signed an agreement to acquire tubing and precision-engineered components manufacturer Hobel Bellows Co. for Rs 450 crore ($48 millio... Read More


Fairfax-backed IIFL Capital marks first close of maiden private credit fund

New Delhi, April 23 -- IIFL Capital Services Ltd, a financial services firm that counts Canadian investment firm Fairfax as an investor, has marked the first close of a private credit fund after secur... Read More


BII launches vehicle to invest $1.5 bn in Asia's clean energy projects

New Delhi, April 23 -- British International Investment (BII), the UK government's development finance arm, has launched a new initiative, British Climate Partners (BCP), to infuse private capital for... Read More


LightFury Games, STCH, Deep Algorithm pocket early-stage cheques

New Delhi, April 23 -- Gaming startup LightFury Games, textile-tech firm STCH, and cybersecurity company Deep Algorithm Solutions have raised early-stage funding as investors continue to back AI-led p... Read More


JM Financial PE backs Green Gene Enviro in second deal within a week

New Delhi, April 22 -- JM Financial Private Equity has led a Rs 90-crore ($10.8 million) secondary transaction in Green Gene Enviro Protection and Infrastructure Ltd, betting on rising demand for haza... Read More


Rysen School, Spill Games, CureMeAbroad, Chupps Footwear snag funding

New Delhi, April 22 -- Edtech startup AITS, gaming firm Spill Games, healthtech platform CureMeAbroad, and direct-to-consumer brand Chupps Footwear have raised early-stage funding, the companies said ... Read More


Blackstone-backed Mphasis acquires Canadian AI firm

New Delhi, April 22 -- Mphasis Ltd, a technology service provider backed by private equity firm Blackstone, has bought 100% stake in Canadian AI firm Theory and Practice Business Intelligence Inc. (TA... Read More


Credila, Indira IVF backer EQT collects record $15.6 bn for new Asia PE fund

New Delhi, April 21 -- Swedish buyout firm EQT, which acquired Baring Private Equity Asia in 2022, has hit the final close of its new Asia-focussed PE fund after amassing a record amount of $15.6 bill... Read More


Motilal Oswal AIF settles SEBI case on fund norm violations

New Delhi, April 21 -- Motilal Oswal Alternative Investment Trust, a Category-III alternative investment fund (AIF), along with its investment manager Motilal Oswal Asset Management Company Ltd, has p... Read More


360 ONE names new CEO of alternate asset management business

New Delhi, April 21 -- Financial services firm 360 One has appointed a new chief executive officer for its alternates asset management business, aiming to scale up private markets as a core driver of ... Read More