True North News

Companies

Deals Buzz: Warburg Pincus, Temasek front runners for SBI General stake

In other news, Domestic private equity firm True North’s Fund III has sold its entire stake of 9.15% in India- and Gulf-based hospital chain Aster DM Healthcare Ltd for ₹550 crore

5 min read1 Jul 2019
Companies

True North’s third fund sells entire 9.15% stake in hospital chain Aster

True North continues to stay invested in the company through its fourth and fifth private equity fundsThe shares were sold at ₹120 each

1 min read30 Jun 2019
Companies

PE firm True North sells Aster DM Healthcare stake worth $65 million

True North invested in Aster DM in 2008. The company also counts PE firm Olympus Capital as it's investorTrue North, which as of 31 March held a 10.38% stake in the company, has sold over 7% through block trades

1 min read27 Jun 2019
Companies

True North sells majority stake in VKL Seasoning to Swiss company Firmenich

Firmenich chairman Patrick says India is a critical market for the Swiss company and it is committed to investing hereTrue North invested about $40 million in VKL Seasoning for growth and expansion in 2013

1 min read30 Apr 2019
Companies

True North keen on more insurance bets after Max Bupa deal

PE firm also open to minority investments depending on partnerTHE Max-True North deal marked another PE investment in India’s insurance sector

2 min read7 Mar 2019
Companies

True North deal pegs Max Bupa's enterprise valuation at ₹1,001 crore

Max India aims to invest proceeds from Max Bupa stake sale to True North in existing and new business opportunitiesMax India is also selling a majority stake in Max Healthcare to Radiant Life Care, which is backed by KKR and Co.

2 min read27 Feb 2019
Companies

Max India exits health insurance biz, divests stake in Max Bupa to True North for ₹510 cr

The stake has been sold either directly or through its affiliates, Max India said in a regulatory filingThe proposed transaction is an all-cash deal and it values Max Bupa at an enterprise value of ₹1,001 crore

3 min read26 Feb 2019
Companies

Max India to sell entire Max Bupa stake to True North

After the Max India stake sale, the new joint venture will have True North as the majority partner, while British partner Bupa will continue to hold 49% in Max Bupa Health Insurance

4 min read13 Dec 2018
Companies

True North to buy 75% of Shree Digvijay Cement from Brazil’s Votorantim Cimentos

Shree Digvijay Cement will be True North's third acquisition in the construction space after RDC Concrete and Robo Silicon

2 min read14 Nov 2018
Companies

True North picks up 75% stake in Sesa Hair Oil maker

Private equity firm True North has acquired a majority stake in Ban Labs for about 700 crore.

2 min read1 Oct 2018
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