The new year has begun on a positive note with vaccination drives in major economies as well as in India. The covid 19 incidence is seen receding and strong economic recovery was seen.
Private Equity & IPO
Private Equity and Venture Capital Advisory and advisory on Initial public offers(IPOs) for Corporates, entrepreneurs and investors.
IIP numbers of April demonstrate that Indian Economy has remained resilient to Covid-19 2nd wave. At the same time the stock markets have remained bullish in the month of May.
Key Deals include New Mountain Capital backed Aceto acquiring Finar, Adani Green Energy acquiring SB Energyand Pine Labs raising equity funding.
Pine Labs, a merchant commerce platform, announced that is has completed a new round of financing by raising $285 million. Company was valued at $3 billion as per various reports.
Indian Economy’s recovery pace moderated in April on account of 2nd Covid-19 wave with record infections. Markets remained stable in this month but two IPOs were listed at discount.
Creador sold its stake in Ahmedabad based Corona Remedies to PE fund ChrysCapital. ChrysCapital paid Rs.6.7 billion ($90 million) for a 30% stake, of which 20% came from Creador and 10% from the promoter group.
Capital Market quarterly update published in the ACAE, Kolkata Journal – Association of Corporate Advisors & Executives in April 2021.
Economic activity in India has moved above pre-pandemic levels in spite of vulnerability to risks from the spread of new mutations of the Coronavirus.
Union budget was presented and was well received and Secondary markets touched all-time high in February 2021. IPOs of Indigo Paints Limited and Nureca Limited came in the month of February 2021 and were listed at high premiums.
Deals include Merger & Acquisition deal of Mawana Sugars to sell unit to Bodal Chemicals and
Private Equity deal of Advent International to acquire controlling stake in ZCL Chemicals Limited.
The New year 2021 has begun on a strong positive note with vaccination drives in major economies as well as in India. The COVID-19 incidence is seen receding and in terms of nominal GDP.
The optimism around vaccines has led to gains in stock markets. Economic activity index (EAI) estimates real GDP growth of Q3: 2020-21 at 0.1 per cent. IPOs of Mrs. Bectors Food Specialities Limited and Burger King India Limited came in the month of December 2020 and were listed at high premiums.