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Tata Capital to Acquire Stake in Premium Fashion Brand Rare Rabbit, Valued at $300m

Private Equity Insights

India’s Tata Capital is looking to purchase a roughly 13% stake in premium domestic fashion brand Rare Rabbit at a valuation of $300m, as it seeks to bet on the country’s affluent shoppers, three sources familiar with the matter said. The ongoing stake sale talks are Rare Rabbit’s first external fundraising exercise.

Stakes 244
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India’s SBI aims to sell its Yes Bank stake worth $2.2bn by end-March

Private Equity Insights

State Bank of India (SBI), the country’s largest lender, aims to strike a deal by end-March for the sale of its 24% stake worth 184.2 Japanese lender Sumitomo Mitsui Banking Corp and Dubai-based Emirates NBD (ENBD.DU) are in advanced talks to acquire a majority stake in Yes Bank, two of these sources said. billion rupees ($2.2

Stakes 130
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PE shop Rosemont stakes $4.5bn New York multi-family office

Private Equity Insights

Landmark Management has sold a 40% stake to Rosemont to help the firm’s founder execute an internal succession plan. Private equity firm Rosemont Investment Group has acquired a 40% stake in Landmark Management, a New York-based multi-family office that oversees about $4.5bn in non-discretionary client assets.

Stakes 130
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Arkhouse and Brigade Unveil $5.8bn Bid to Take Macy’s Private

Private Equity Insights

Arkhouse Management, a real-estate focused investing firm, and Brigade Capital Management, a global asset manager, submitted a proposal to acquire the Macy’s stock they don’t already own for $21 a share on Dec. private, according to a person familiar with the matter on Sunday. 1, the person said.

Bidding 130
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Ascential unit attracts at least two bids as other buyers drop out, with a price tag of $1.02bn

Private Equity Insights

BC Partners’ investment committee became uncomfortable with the asking price after conducting due diligence on the business, one of the sources said. A bid by Apax would see the private equity firm return to the company. Capital, LLC (“H.I.G.”), a leading global alternative investment firm with $56 billion of.

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Armen expands European footprint with strategic appointments

Private Equity Wire

Armen, an investment firm focused on acquiring stakes in private equity firms, has appointed Dominicus von Neree as Director of Investor Relations and Paul Kucerin as Managing Director, Head of DACH Investment, in its team in Germany.

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NEC holds first close of $1.5bn NextPower V ESG

Private Equity Insights

NPV ESG expects to secure commitments from additional investors in its second close later this year, with several investors currently active in due diligence. read more Carlyle to acquire IK’s stake in cybersecurity specialist PR0PH3CY Global investment firm Carlyle is in exclusive negotiations to acquire Pr0ph3cy, a leading.