New York City-based Blackstone Group's chairman Stephen Schwarzman said a reform-oriented government, weak rupee, bumper exits and new opportunities in bankruptcy and structured capital services will likely make India favorable for aggressive purchases by Blackstone in 2019. He added that Blackstone has plenty of scope to expand in the private...
Italian Luxury Brand Invests in Fashion Label from India
In a first, Italian luxury group Ermenegildo Zegna and India's Reliance Brands picked up an equity stake in India's fashion designer Raghavendra Rathore business. This investment points out to an untapped opportunity of growth for India's premium fashion labels. Gildo Zegna, CEO of Ermenegildo Zegna group said that his company...
India to Get its First Cartoon Network Themed Park
Turner International India, a division of New York City-based Times Warner, and the Rajgreen Group of Companies based in Gujarat, India, announced a 10-year partnership in Amaazia — India’s first Cartoon Network-branded amusement park. The Rajgreen Group invested $66 million in the venture which is located at Surat in the state of...
Blackstone's Strategy in India Yields Rich Dividends
Tuhin Parikh, senior managing director for real estate in Mumbai at the New York City-based PE and asset management firm Blackstone, has aggregated a 100-million-sqft portfolio in India. Parikh and Blackstone scripted a gold rush into the country’s rent-yielding office spaces, which saw Brookfield Asset Management, Qatar Investment Authority and others...
KKR Invests $50 Million in India's Walchand Nagar Industries
New York City-based private equity firm KKR & Co., will invest $50 million (Rs 300 crore) in Mumbai-based Walchand Nagar Industries, one of India's oldest business groups. KKR has so far deployed around $4 billion in structured financing to business groups in India over the past seven years, and has...
Impact Investor Acumen To Raise India-Dedicated Fund
Headquartered in New York City, global impact investor Acumen is planning to launch an India-dedicated fund, as the investor plans on raising funds from India. The company was incorporated in 2001 by Jacqueline Novogratz, with seed capital from the Rockefeller Foundation, Cisco Systems Foundation and individual philanthropists. Acumen’s work in...