TVS Capital and International Finance Corp Back Dunar Foods

Indian private equity fund TVS Capital and International Finance Corp, an arm of World Bank, have jointly invested 1.24 billion rupees ($24.81 million) in Indian rice processor, Dunar Foods, writes Reuters. Dunar, based in the northern Indian state of Haryana, exports basmati rice to Middle East, Europe and the US. Reuters – Indian private equity […]

Warburg Pincus and International Finance Corp Back Au Financiers

US private equity firm Warburg Pincus and International Finance Corp, an arm of World Bank, have jointly invested $50 million in Indian non-banking finance company, Au Financiers (India) Pvt Ltd, according to Reuters. The investment will be mainly used to fund future growth of the company, Au Financiers said in a statement. Reuters – US […]

Solar Manufacturer Sunpreme Raises More Than $50M

Sunpreme said it closed on more than $50 million of financing in a deal led by the International Finance Corporation, the investment arm of the World Bank Group. The financing was joined by existing investors Capricorn Investment Group and China Environment Fund III. The solar cell manufacturer will use the money to construct a facility […]

National Collateral Management Raising $22.4M

India’s National Collateral Management Services Ltd will raise 1.01 billion rupees ($22.4million) by selling shares to six private equity investors, including India Agri Businness Fund and International Finance Corp., Reuters reported. The money will be used to set up new warehouses and fund growth, the company said.

KKR Leads Magma Fincorp Investment

Private equity firm Kohlberg Kravis Roberts & Co. LP and International Finance Corp. led a Rs 4400 million investment in Magma Fincorp LTD, the non-deposit taking non-banking finance company. Ernst & Young (Advisory) and Wadia Ghandy advised Magma on the transaction. Ernst & Young (Transaction Advisory), McKinsey & Co., Simpson Thacher & Bartlett, AZB Partners and Kotak Mahindra Capital advised KKR on the transaction.

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