PERMIRA
TPG, Permira emerge as frontrunners in Rs 11,000 crore Cloudnine sale
TPG Capital and Permira are leading contenders for a significant minority stake in Cloudnine. The deal is expected to value India's largest maternity and pediatric hospital chain at approximately ₹11,000 crore. Binding bids are anticipated by mid-August after due diligence is complete. This transaction will facilitate True North's full exit after over a decade of investment. Cloudnine posted ₹2,000 crore revenue and ₹300 crore Ebitda in FY26.
Global smart money can't get enough of India's next growth story
Global private equity firms are expanding beyond hospitals into India's broader healthcare ecosystem, with Warburg Pincus, TA Associates, Bain Capital and CVC Capital in talks to acquire a 25% stake in Agappe Diagnostics at a valuation of ₹3,000–3,200 crore.
Womenswear retailer Reformation reports revenue rise in US IPO filing
Sustainable fashion brand Reformation has filed for a U.S. IPO, reporting a revenue increase to $507.1 million for the year ending December 27, 2025, though net profit saw a dip. The direct-to-consumer retailer, known for celebrity endorsements, aims to leverage the recovering IPO market. Private equity firm Permira, which holds a majority stake, will retain significant influence post-listing. Proceeds will partly fund debt repayment and share repurchases.
Cloudnine's 25% stake sale attracts top global PE firms
Leading global private equity firms are in the running to acquire a substantial minority stake in Cloudnine, India's premier maternity and paediatric hospital chain. The deal is expected to value the company at approximately $1.2 billion. This strategic move will see existing investor True North exit, while other shareholders are likely to retain their positions.
PE wars to billion-dollar IPO dreams, hospital sector is fighting fit
Major private equity firms are vying for a stake in Cloudnine, a leading maternity and paediatric care chain. This intense competition highlights strong investor confidence in India's healthcare sector. The industry is entering a new growth phase driven by increasing demand, a shortage of hospital beds, and a rise in specialized medical services.
Warburg, KKR, TPG among PE giants vying for 25% stake in Cloudnine
Global private equity giants, including Warburg Pincus and KKR, are vying for a 25% stake in India's largest maternity and pediatric hospital chain, Cloudnine. The deal is expected to value the company at approximately $1 billion, with existing investor True North exiting completely. Cloudnine reported revenues of ₹2,000 cr and EBITDA of ₹300 cr in FY26.
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Godrej, JSW, Lodha, Sattva family offices invest in SILA
Prominent family offices including Godrej, JSW, Lodha, and Sattva have invested in SILA. This follows a recent $100 million investment by Permira. SILA is an integrated business services and real estate platform. The company operates across over 125 Indian cities. It manages substantial real estate assets and employs thousands.
Global investor Permira makes India foray with $100 million investment in SILA
Permira has entered India with a $100 million investment in SILA, acquiring a 40% stake and valuing the company at $250 million. The deal involves a partial exit by Norwest Venture Partners, which sold a 36% stake but will retain a minority holding. Permira’s investment will fund SILA’s technology upgrades, service expansion, and nationwide growth.
Permira, Warburg near $8.2 billion deal for Clearwater Analytics, sources say
Permira and Warburg Pincus have agreed to take Clearwater private for $24.55 a share, reclaiming ownership of the asset they used to jointly own nearly five years ago before taking the company public through an IPO, the sources said.
Warburg, Permira in talks to buy Clearwater Analytics, source says
Leading private equity firms Warburg Pincus and Permira are reportedly in discussions to acquire Clearwater Analytics, a software provider for investment and accounting management. This potential deal, which could finalize in weeks, follows the firms' previous involvement in Clearwater's 2021 public offering. The company, based in Boise, Idaho, helps businesses manage their investment portfolios.
Permira, Blackstone take $525 million minority stake in Dubai's Property Finder
Permira and Blackstone Inc. are acquiring a $525 million minority stake in Property Finder, a Dubai-based classifieds firm, signaling strong investor confidence in the emirate's real estate market. General Atlantic, an existing investor, will partially exit but remain a significant shareholder.
Urban Company’s Rs 500-crore pre-IPO secondary round: SBI MF, others buy Tiger, Accel shares
The deal comes just days before Urban Company opens its Rs 1,900 crore IPO on September 10, which comprises a fresh issue of Rs 472 crore and an offer for sale of Rs 1,428 crore. It values the company at around Rs 15,000 crore ($1.8 billion), in line with its IPO band, which implies a post-issue market cap of Rs 14,095–14,790 crore.
PE groups Permira, CVC Cap, EQT in fray to buy Nuvama Wealth from PAG
Private equity firms like CVC Capital and Permira are vying for PAG's controlling stake in Nuvama Wealth Management, potentially a $1.6 billion deal. HSBC is also in contention, but sources suggest they've withdrawn. Nuvama's shares recently fell due to regulatory scrutiny linked to Jane Street's trading activities.
TPG Growth circles VLCC as Carlyle looks to sell minority stake in wellness company
Last January, Carlyle paid Rs 2,700 crore to buy a controlling 66% stake in the three-decade-old homegrown brand that gave the buyout fund an entry into a rapidly growing market for wellness products but one that is facing disruption from younger, nimbler, direct-to-consumer (D2C) brands.
Global private equity firms eye $1 billion bid for Bharat Serums and vaccines
Five global private equity firms, including Warburg Pincus, Permira, EQT, Bain, and TPG, are interested in bidding for Bharat Serums and Vaccines (BSV), which is seeking over $1 billion. The firms will sign expressions of interest soon and start due diligence on the Mumbai-based biopharmaceutical company. Advent International, the current owner, acquired BSV in 2019 and now wants to sell it. Some contenders may partner with pharmaceutical companies for the bid. Advent has engaged Jefferies and JP Morgan for the sale process.
Singapore’s GIC, DigitalBridge, ADIA, Stonepeak, Permira, among others tapped for Carlyle’s 24% in Nxtra
The Carlyle Group, among the world’s largest investment firms, is looking to sell the stake for Rs 7,000-7,500 crore, valuing Airtel’s data centre unit at Rs 24,000-29,000 crore ($3-3.5 billion, inclusive of debt), the people cited said. Bharti Airtel owns 75.96% of Nxtra Data, a leading player in India’s data centre industry. Airtel has first right of refusal on the stake but is reckoned to have waived it, said the people cited.
Bankers turn up in $600 sneakers for a chance at Golden Goose IPO
Bankers are vying for roles in Golden Goose's initial public offering, with at least 20 banks wearing Golden Goose sneakers during pitch meetings. The luxury Italian shoemaker's $600 sneakers are worn by celebrities like Selena Gomez and Taylor Swift.
Brookfield, Bain, Carlyle & Permira queue up for likely $3 billion Mphasis buyout
Four funds short-listed after initial bids, diligence ongoing before binding offers next month.
Chinese startup Full Truck valued at nearly $12 billion after SoftBank-led round: Report
The fundraising comes as the truck-hailing platform is planning an offshore initial public offering (IPO) as early as next year.
Symantec to acquire LifeLock in $2.3 bn deal
The offer for LifeLock values its shares at $24 apiece, according to a Business Wire statement.
Informatica to increase R&D headcount in India by 20%
In March, the company launched a $185 million global research and development plan wherein it announced the expansion of its India facility.
Cargill to buy Provimi from Permira for € 1.5B
Cargill Inc, the largest closely held company in the US, agreed to buy Provimi from private- equity owner Permira Advisers LLP in a $2.15- billion transaction to expand in animalfeed additives.
Big buyout houses hunt out smaller deals - study
Big buyout firms are dipping into the mid-market to find new European deals, after the credit crisis choked off their supply of credit.
Unitas exec indicates interest in 3i's Hyva
Private equity firm Unitas Capital indicated that it is interested in the auction of 3i Group Plc's Dutch pump maker, Hyva, a top executive said.
BASF set to acquire Cognis for USD 4.1 bn: Report
The German chemical giant BASF SE is close to acquiring specialty chemicals company Cognis GmbH for at least USD 4.1 billion.
News Corp investor raise offer for rest of NDS
News Corp and a private equity firm raised their offer to buy out public shareholders of News Corp.'s subsidiary NDS Group PLC, which has accepted the sweetened bid.
HCL to jostle with PE duo for Cambridge
With the Rs 160 a share tag, Cambridge Solutions is looking at a valuation of around $420 million.
KKR, Permira close in on German broadcaster
Kohlberg Kravis Roberts & Co and Permira Advisers are close to winning the auction for ProSiebenSat.1 Media, Germany’s biggest broadcaster, three people with knowledge of the talks said.
Freescale chips get a $16-bn bite
A consortium of investment firms was near a deal to acquire Freescale Semiconductor Inc for more than $16 bn.
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