Crisis investing: How 14 different asset classes performed in times of distress

History does not repeat itself, but it often rhymes. This could not be truer for crisis investing. Between China’s stockmarket and the debt troubles of Greece and Puerto Rico, it is clear that we could be entering a time of … Continue reading

KKR backs SIMEC to buy out ABG Cement; Rs 900-crore funding to help complete 5.8-million tonne unit in Gujarat

MUMBAI: Private equity heavyweight KKR is teaming up with diversified trading and commodities group SIMEC to invest Rs 900 crore to take over the cement business of debt-laden ABG Group through a complex, multi-tiered financial transaction. The much needed funding … Continue reading

Companies failing to meet loan recast deadline may have to cede control

NEW DELHI: Companies seeking easier terms on their loans face the prospect of ceding management control to lenders under a new scheme being considered by the finance ministry and the Indian Banks’ Association (IBA). Further, promoters of a company will … Continue reading

Two PEs move CLB against investee firm Fourcee Infra alleging embezzlement

Two global private equity funds, General Atlantic and India Equity Partners, have filed a petition in the Company Law Board (CLB) to appoint an administrator to wrest control of an investee company Fourcee Infrastructure Equipment, alleging that the promoters have … Continue reading

Stressed infra doing distress sales

After holding on to their stressed assets for years, infrastructure companies have finally started selling out. It was the Rs. 3,800 cr JP – UltraTech deal last week, and more recently GMR Infrastructure announced that it has sold its majority … Continue reading