City Bain Financial News

10.09 / 09:39

markets Digital economy Pool BlackRock reports Jio to global giants scramble for big wealth pile-up of India's rich

wealth management in India to tackle the intensely competitive environment, ET has reported based on information from sources.

04.09 / 03:00

UPS Food wellness stage reports Equality Theobroma sale: Chrys Capital, Carlyle, Bain in final stage

Oberoi Hotels pastry chef Kainaz Messman, had launched the sale process in January, after its private equity backer ICICI Venture decided to exit its investment. The company appointed investment bank Arpwood Partners to line up buyers. “The real negotiations will begin now.

21.08 / 01:40

markets UPS FIVE economy PwC International Why Singapore's Mars, UAE's Lunate, Korea's KIC are keen to open shop in India

AUM of $150 billion) and Singapore-based Mars Growth Capital Partners (AUM $1.5 billion), according to two people familiar with the plans. Others that have set up local operations since this January include South Korea’s sovereign fund KIC, Japan’s Advantage Partners, and Singapore-based Growtheum Capital Partners.

10.08 / 13:42

markets UPS BLOCK Trade reports International CVC likely to trump EQT and acquire Avaas Financiers for the largest M&A of a housing finance company

Buyout group CVC Capital Partners, one of the largest European private equity groups, has trumped EQT to emerge as the highest bidder for to acquire affordable housing finance company Aavas Financiers Ltd (formerly known as AU Housing Finance Ltd) as its current promoters, private equity firms Kedaara Capital and Partners Group are looking to exit their 8 year old joint investment, said people in the know. A formal announcement is expected this weekday, latest by Monday. CVC and EQT were the two final contenders as the third Bain Capital decided to go slow.

18.07 / 16:55

FIVE Career wellness President Experts show rights Envestnet acquisition should ‘embolden’ advisors

Off the heels of last week’s announcement that Envestnet had agreed to be bought by Bain Capital for almost half a billion dollars, several advisors and industry experts are reflecting on what this, and other mega acquisitions, signal for the industry going forward.

18.07 / 02:41

Provident CEO Platform Action Dreams trends performer Looking back on a lifetime of success

Back when he co-founded Envestnet 25 years ago, Bill Crager didn’t plan on one day taking home the Lifetime Achievement in the Wealth Management Industry statuette at the inaugural InvestmentNews Awards. There were too many other pressing matters at the time before focusing on such fanciful dreams, primarily getting a one-of-a-kind fintech business off the ground.

16.07 / 12:05

Invesco Southern Eaton rock Courts Invesco demands $100M in Robertshaw bankruptcy

Invesco Ltd. demanded over $100 million more from Robertshaw on Monday as part of its ongoing court battle against the bankrupt appliance parts maker, saying the company should be forced to pay for helping strip the asset manager of its senior position in Robertshaw’s reorganization.

13.07 / 09:56

markets Provident Reuters CEO Platform BlackRock reports Envestnet confirms $4.5 billion acquisition

Envestnet has confirmed that it will soon be purchased by Bain Capital and Reverence in what promises to be a seismic take-private deal.

13.07 / 03:17

UPS Provident Reuters Platform Enterprise reports Envestnet in talks to be snapped up by Bain Capital, say sources

Private equity firm Bain Capital is reportedly on the verge of finalizing a deal to acquire Envestnet, the enterprise wealth tech provider.

13.07 / 01:43

markets IPO Manufacturing band recommendations Pharmaceuticals Namita Thapar-backed Emcure Pharma IPO opens for subscription. Should you bid?

IPO) of Emcure Pharmaceuticals will open for subscription today. Ahead of the issue opening, the company raised Rs 582 crore from anchor investors. Marquee investors who participated in the anchor round include HDFC MF, ICICI Pru MF, SBI MF, Abu Dhabi Investment Authority, Goldman Sachs Asset Management, Nomura, HDFC Life among others.

12.07 / 19:05

markets UPS Sony Healthcare trends reports India head of PE firm CVC Capital on his way out, firm might appoint new MD

Mint had reported in May this year. Temasek Holdings, TPG, Bain Capital and VPS Healthcare (now Burjeel Holdings) are in the fray for CVC's 60.4% stake. “Amit Soni is likely to leave by the end of the year," the second person cited above added.

29.06 / 05:23

markets UPS IPO Manufacturing band Pharmaceuticals IPO Calendar: Primary market gears up for another robust week as 3 companies look to raise Rs 2,700 cr

The IPOs of Emcure Pharmaceuticals, in which shark tank fame Namita Thapar is the Executive Director and Bansal Wire will open for subscription next week in the mainboard segment, while Ambey Laboratories is the sole SME issue.

27.06 / 09:15

markets IPO BLOCK Manufacturing Platform Flushing Updates Sylvan Plyboard IPO share allotment to be finalised today: How to check status? A step-by-step guide

Sylvan Plyboard (India) IPO Allotment Update: After receiving a robust response from investors during the bidding period from June 24 to June 26, attention now turns to the allotment procedure for Sylvan Plyboard.The allotment for the Sylvan Plyboard IPO is expected to be finalised today. Investors can monitor their allotment status through the registrar, Bigshare Services Pvt.

13.06 / 15:33

markets UPS BLOCK show performer reports Morgan Stanley buys 3.13 crore shares of L&T Finance for Rs 534 crore via block deal

Morgan Stanley bought 3,13,29,540 equity shares in L&T Finance for over Rs 534 crore via a block deal on Thursday. Its Asian arm Morgan Stanley Asia Singapore PTE bought shares at a price of Rs 170.60 apiece, which was Wednesday's closing price on the BSE. L&T Finance shares on Thursday ended at Rs 175.85, up Rs 5.25 or 3.08%.

13.06 / 02:53

markets FIVE Manufacturing reports rights Pharmaceuticals surfing Stocks to watch: Dr Reddy's, Torrent Pharma, Gensol, L&T Finance, Glenmark

Dr Reddy’s Laboratories: The company has signed a licensing agreement with US-based Ingenus Pharmaceuticals to commercialise Cyclophosphamide injection, a cancer treatment. Under the agreement, Dr Reddy’s will commercialise the injection for the US market and pay Ingenus 50% of the calculated profit share.Torrent Pharmaceuticals: The company announced on Wednesday that it has received a Form 483 with five observations from the US FDA following an inspection of its manufacturing plant in Indrad, Gujarat.Whirlpool of India, Hindustan Unilever: The two companies announced a new marketing alliance for Surf Excel.

12.06 / 14:43

markets BLOCK WhatsApp Bain Capital and BNP Paribas to sell L&T Finance shares worth Rs 1,500 crore

Bain Capital and BNP Paribas are likely to sell shares worth $180 million (Rs 1,500 crore) through block deals on Thursday. According to sources, these firms will sell their entire remaining stake of 8.82 crore shares at Rs 169.17 apiece — a 0.85% discount to Wednesday’s closing price. Shares of L&T Finance gained 3.5% on Thursday to close at Rs 170.60. The stock has rallied 10% in the last three months compared to a 4% gain in the Sensex index.

23.05 / 12:59

markets Provident FIVE CEO security Strategy performer Technology-enabled professional services firm Sikich Secures $250 Million minority growth investment from Bain Capital

Sikich maintains majority control of the company and its existing executive and leadership teams, led by Christopher Geier (Chief Executive Officer). Founded in 1982, Sikich has been on a path of rapid growth under the leadership of Geier, who assumed the CEO role in 2017. During this time, Sikich has grown revenue by nearly 300% and expanded its geographic reach, now serving clients in all major U.S. markets and around the world with nearly 2,000 employees.

13.05 / 15:23

markets IPO Maxim Racing Enterprise reports Warburg Pincus wins a heated race for Shriram Group’s housing finance biz

MUMBAI : US-based investment giant Warburg Pincus Llc has sealed a close contest among some of world’s top private equity players for Shriram Group’s housing finance subsidiary, in a deal valued at ₹4,630 crore. Warburg Pincus will acquire a controlling stake in Shriram Housing Finance Ltd (SHFL) from Shriram Finance Ltd (SFL) and other sellers through its affiliate Mango Crest Investment Ltd.

13.05 / 14:27

Maxim economy Remark country cover reports gatherings acquires Warburg Pincus acquires Shriram Housing Finance for Rs 4630 crore

private equity firm Warburg Pincus has fully acquired Shriram Housing Finance Ltd (SHFL) from its promoter Shriram Finance and minority shareholder Valiant Capital Management for Rs 4630 crore, in the largest M&A deal in the housing finance sector.

02.05 / 14:07

markets Citi Strategy Healthcare hospital 2020 prevention stake Temasek may bid for CVC's 60% stake in Healthcare Global

₹358.80 a share on the NSE on Thursday, down 1.98%, while the Nifty index closed at 22,648.20 points. Its total market capitalization stood at ₹4,997.71 crore. CVC Capital Partners, which purchased around 59% in Healthcare Global for ₹1,100 crore in 2020, raised its shareholding to over 60.4% later.

29.04 / 04:57

UPS Target CEO Sustainability reports YES Bank shares jump 9% as Q4 profit doubles. Kotak Equities sees downside till Rs 19

YES Bank on Monday jumped up to 9% to day's high at Rs 28.50 on BSE after reporting a 123% year-on-year (YoY) surge in its March quarter profit to Rs 452 crore. The rise in PAT is attributed to income tax refunds (including interest on refund of Rs 118 crore) aggregating to the tune of Rs 247 crore received during the quarter.

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