November 28, 2014 4:58 AM ET

Capital Markets

Company Overview of India Venture Advisors

Company Overview

India Venture Advisors is a private equity and venture capital arm of Piramal Enterprises Limited specializing in growth capital investments. It seeks to make investments in the healthcare, pharmaceuticals, education, social infrastructure resources, and life sciences sectors. The firm prefers to invest in India in tier-2 and tier-3 towns. It invests between INR30 crores ($5 million) and INR 100 crores ($16.79 million). The firm prefers to acquire minority stake between 10 per cent and 30 per cent and seeks to exit its investments within seven and nine years. India Venture Advisors was founded in 2007 and is based in India.

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India

Founded in 2007

Key Executives for India Venture Advisors

Co-Founder and Executive Chairman
Age: 68
Co-Founder
Age: 58
Compensation as of Fiscal Year 2014.

India Venture Advisors Key Developments

IVA Planning To Exit Three Investments

India Venture Advisors (IVA) of Piramal Enterprises Limited (BSE:500302) is planning to exit three of its investments made from its maiden fund. IVA would exit its investments in Sri Kavery Medical Care (Trichy) Pvt. Ltd. and Dr. Ramesh Cardiac and Multispeciality Hospital P Ltd., and MedPlus Health Services Pvt. Ltd. India Venture is likely to realize a return of about 25% through the exit of three investments. A.K. Purwar, Chairman at IVA said, “We are in the process of exiting from some of our investments.” Mint reported on July 29, 2014 that Kavery is looking to raise INR 1.8 billion and INR 2 billion in growth capital and to provide an exit to IVA.

No Buyers Found Yet For Medplus

Medplus Inc. has not found any buyers yet for its stake due to the fact that the government is yet to finalize its policy on foreign direct investment in multi-brand retail. The sellers for the sale are reportedly Mount Kellett Capital Management LP, TVS Capital Funds Limited and India Venture Advisors. The sellers had reportedly appointed had appointed o3 Capital to find a buyer.

Investors Reportedly Eye KMC Hospitals

AMP Capital Investors Limited and TPG Growth are reportedly eyeing 49% stake in Sri Kavery Medical Care (Trichy) Pvt. Ltd. including shares owned by India Venture Advisors. TPG Growth has issued a term-sheet to Kavery Medical Centre and Hospitals for INR 1.8 billion, investment transaction through purchase of secondary and primary shares. AMP Capital has also made a offer valuing the hospital at INR 3.5 billion, said people directly familiar with the matter. India Venture Advisors holds at least 30% equity in Sri Kavery Medical Care. According to Times of India, KMC Hospitals joint Mananging Director S Manivannan offered no comments, TPG and AMP Capital could not be reached for immediate comments. Investment banks o3 Capital and Edelweiss are advising KMC on the latest transaction.

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

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