India PE M&A search: June 2010

PE VC M&A News from India

Saturday, June 26, 2010

Blog Alert for DEALCURRY - Mergers & Acquisitions, Private Equity, I.P.O. / Offerings, Venture Capital, Real Estate, Regulatory,... , Jun 25, 2010

New Posts to DEALCURRY - Mergers & Acquisitions, Private Equity, I.P.O. / Offerings, Venture Capital, Real Estate, Regulatory,... on Jun 25, 2010:

------------------------------------------------------------------
1) Himadri Chemicals Raising Rs 100 Cr Debt From ICICI Bank
http://www.dealcurry.com/20100625-Himadri-Chemicals-Raising-Rs-100-Cr-Debt-From-ICICI-Bank.htm

Himadri Chemicals & Industries has announced to raise Rs. 100 Cr through issue of 1000 secured NCDs of Rs.10 lakh each on private placement basis to ICICI Bank.Himadri is engaged in the business of distillating coal tar to extract CTP, Creosote oils and chemical oils.

------------------------------------------------------------------
2) Trikona Trinity Capital Appoints Indiareit Investment As Its Investment Manager
http://www.dealcurry.com/20100625-Trikona-Trinity-Capital-Appoints-Indiareit-Investment-As-Its-Investment-Manager.htm

Trikona Trinity Capital plc has appointed Indiareit Investment Management Co. (“Indiareit”) as its investment manager.Trikona Trinity Capital plc is a £250 Mn AIM listed property fund created for the purpose of investing in real estate and real estate-related entities across India.Indiareit Investment Management Co. (“Indiareit”) is a Mauritius based real estate fund manager to provide investment management services to real estate funds targeting India.

------------------------------------------------------------------
3) Atul Limited Acquires Polygrip Rubber For Rs 10 Cr
http://www.dealcurry.com/20100625-Atul-Limited-Acquires-Polygrip-Rubber-For-Rs-10-Cr.htm

Atul Limited has acquired Polygrip Rubber Production Private Limited through one of its division- Polymers for Rs 10 Cr.

With this acquisition Atul Ltd has entered the rubber and PU segment.

------------------------------------------------------------------
4) Warburg Pincus Invests $85 Mn Metropolis Healthcare
http://www.dealcurry.com/20100625-Warburg-Pincus-Invests-85-Mn-Metropolis-Healthcare.htm

Warburg Pincus is investing $85 Mn in Metropolis Healthcare Limited. The deal involves a primary and secondary component and also includes additional capital that will be available to Metropolis to pursue acquisitions.

This deal marks the exit for ICICI Venture, which had invested $7.5 Mn for a 25% stake in Metropolis in 2006 through its India Advantage Fund Series I.

------------------------------------------------------------------
5) RSB Transmissions Acquires 70% Stake in Belgium-Based Mechanical Supplies International
http://www.dealcurry.com/20100625-RSB-Transmissions-Acquires-70-Stake-in-Belgium-Based-Mechanical-Supplies-International.htm

RSB Transmissions (I) Limited has acquired 70% stake in Mechanical Supplies International for an undisclosed sum.

The acquisition was done through its Netherland based arm RSB Europe BV. RSB plans to manufacture the sub-assemblies in India and the final assembly and finishing work at MSI as transportation cost will be lower.

------------------------------------------------------------------
You are receiving this email because you signed up to receive Blog Alerts (email notifications of new posts) for DEALCURRY - Mergers & Acquisitions, Private Equity, I.P.O. / Offerings, Venture Capital, Real Estate, Regulatory,... . If you no longer wish to receive Blog Alerts for DEALCURRY - Mergers & Acquisitions, Private Equity, I.P.O. / Offerings, Venture Capital, Real Estate, Regulatory,... , go to this link:
http://shootthebreeze.net/blogalert/index.php?action=leave&r=32663&k=KC9DVVBQHQ58SF8U

==================================================================
Need a website??
Set up and host as many websites as you want for only $6.95 per month TOTAL, at BlueHost.com!
http://www.bluehost.com/track/bomdemais/ba

Friday, June 25, 2010

Blog Alert for DEALCURRY - Mergers & Acquisitions, Private Equity, I.P.O. / Offerings, Venture Capital, Real Estate, Regulatory,... , Jun 24, 2010

New Posts to DEALCURRY - Mergers & Acquisitions, Private Equity, I.P.O. / Offerings, Venture Capital, Real Estate, Regulatory,... on Jun 24, 2010:

------------------------------------------------------------------
1) Tata Motors To Raise Rs. 2500 Cr To Repay Debt
http://www.dealcurry.com/20100624-Tata-Motors-To-Raise-Rs-2500-Cr-To-Repay-Debt.htm

Tata Motors is planning to raise Rs.2500 Cr through GDR’s, foreign currency convertible bonds (FCCBs) or QIP.The fund will be used to reduce its debt and improve its debt-equity ratio.

------------------------------------------------------------------
2) M S Banga Joins PE Firm Clayton, Dubilier & Rice, LLC As Operating Partner
http://www.dealcurry.com/20100624-M-S-Banga-Joins-PE-Firm-Clayton-Dubilier-Rice-LLC-As-Operating-Partner.htm

Manvinder ("Vindi") Singh Banga, former President and member of the Unilever executive board will join PE firm Clayton, Dubilier & Rice, LLC (CD&R) as an Operating Patner based in London.CD&R's London-based Operating Partners include Fred Kindle (former president and CEO of ABB Ltd) and Roberto Quarta (former chairman and CEO of BBA Group plc). Jack Welch (former Chairman and CEO of GE) and A.G. Lafley (former Chairman and CEO of Proctor & Gamble) are Special Partners of the firm.

------------------------------------------------------------------
3) Titagarh Wagons To Acquire French Railway Wagon Manufacturing Unit
http://www.dealcurry.com/20100624-Titagarh-Wagons-To-Acquire-French-Railway-Wagon-Manufacturing-Unit.htm

Titagarh Wagons Ltd is acquiring French railway wagon and rolling stock manufacturing unit.The acquisition will be made through its recently formed subsidiary in France.This acquisition is subject to fulfillment of certain conditions and the final decision on the same is scheduled to be announced on 7th July, 2010 by Court Thereat.

------------------------------------------------------------------
4) Tata Steel To Sell 50% In Tata Refractories
http://www.dealcurry.com/20100624-Tata-Steel-To-Sell-50-In-Tata-Refractories.htm

Tata Steel is looking to sell 50% of its existing stake in Tata Refractories.Tatas want the strategic partner to bring in technical know-how into TRL and also increase its global footprint. TRL produces high alumina, basic, dolomite, silica and monolithic refractories.

------------------------------------------------------------------
5) D.Light Design Raises $5.5 Mn In Third Round
http://www.dealcurry.com/20100624-D-Light-Design-Raises-5-5-Mn-In-Third-Round.htm

D.Light Design Private Limited has raised $5.5 Mn in its third round of funding from Omidyar Network and its existing investors including Acumen Fund, Nexus Venture Partners, Gray Matters Capital, Draper Fisher Jurvetson and Garage Technology Ventures.

Jayant Sinha from Omidyar Networks will join the board of D.Light. The funds will be used to expand its network throughout Africa and Asia as well as expand its product line beyond solar lighting.

------------------------------------------------------------------
6) Emami Buys A Manufacturing Plant in Egypt
http://www.dealcurry.com/20100624-Emami-Buys-A-Manufacturing-Plant-in-Egypt.htm

Emami has bought a manufacturing facility in Egypt for Rs 12 Cr. The buyout will be funded by a mix of internal accruals and term loans from lending institutions.

The firm plans to begin manufacturing its products in the plant by the end of this fiscal. It will spend another Rs 10-12 cr on the plant before the manufacturing begins.

------------------------------------------------------------------
7) Coffee Day May Acquire Logistics Company
http://www.dealcurry.com/20100624-Coffee-Day-May-Acquire-Logistics-Company.htm

Coffee Day Holdings is rumored to be acquiring a logistics company in India to diversify into the business.

The company will utilize the recent infusion of $125 Mn from KKR, NSR and StanChart PE to acquire this firm.

------------------------------------------------------------------
8) PNB To Buy Out Partner's Stakes in Life Insurance And Insurance Broking Biz
http://www.dealcurry.com/20100624-PNB-To-Buy-Out-Partner-s-Stakes-in-Life-Insurance-And-Insurance-Broking-Biz.htm

Punjab National Bank plans to buy out its JV partners' stake in the life insurance and insurance broking businesses.

The bank will buy out 26% of Principal Financial Group of Mauritius and 25% of Berger Paints in its insurance broking company. It will also buy out Principal's 26% and UK Paints' 32% in its life insurance JV- Principal PNB Life Insurance Company.

------------------------------------------------------------------
9) Baring PE To Invest Rs 370 Cr In Oriental Tollways
http://www.dealcurry.com/20100624-Baring-PE-To-Invest-Rs-370-Cr-In-Oriental-Tollways.htm

Baring PE Partners India is investing Rs 370 Cr in Oriental Tollways. The funds will be used by Oriental as its equity contribution in it's various SPVs.

Oriental Tollways may divest around 15-20% to raise the funds, valuing the company close to Rs 1,900 Cr.

Oriental Tollways - part of Oriental Structural Engineers Pvt Ltd is currently executing five projects. It has created four SPVs for its projects and is creating one more. The total cost of these projects is about $450 Mn.

Thursday, June 24, 2010

Blog Alert for DEALCURRY - Mergers & Acquisitions, Private Equity, I.P.O. / Offerings, Venture Capital, Real Estate, Regulatory,... , Jun 23, 2010

New Posts to DEALCURRY - Mergers & Acquisitions, Private Equity, I.P.O. / Offerings, Venture Capital, Real Estate, Regulatory,... on Jun 23, 2010:

------------------------------------------------------------------
1) Aster Silicates IPO To Open On June 24
http://www.dealcurry.com/20100623-Aster-Silicates-IPO-To-Open-On-June-24.htm

Aster Silicates Ltd. is looking to raise Rs.53.10 Cr through IPO. The IPO opens on June 24 and will close on June 28 with a price band of Rs.112-118 per share.The funds will be utilized for expansion of its manufacturing facilities, for working capital requirements and to meet its public issue expenses.

------------------------------------------------------------------
2) Murli Industries To Sell Its Cement Plant
http://www.dealcurry.com/20100623-Murli-Industries-To-Sell-Its-Cement-Plant.htm

Murli Industries is looking for a buyer to sell its 3 mtpa cement plant in Chandrapur, Maharashtra. The company is negotiating with a couple of companies for the sale.

It has appointed Motilal Oswal Investment Advisors to find a buyer.

------------------------------------------------------------------
3) ICICI Venture To Sell RFCL Ltd
http://www.dealcurry.com/20100623-ICICI-Venture-To-Sell-RFCL-Ltd.htm

ICICI Venture is planning to sell its stake in RFCL Ltd. for around Rs.400 Cr. It had acquired RFCL from Ranbaxy Laboratories in 2005 through its India Advantage Fund Series 1 (IAF Series 1) for about Rs.125 Cr through a leverage buyout. RFCL is left with diagnostics business - Diagnova and fine chemicals business - Rankem and also animal healthcare business Bremer Pharma GmbH in Germany, which it acquired in 2008. ICICI Venture sold only RCFL's animal healthcare Indian unit, Vetnex to Pfizer in 2009 for about Rs.350 Cr.

------------------------------------------------------------------
4) Emmbi Acquires 25% In Packaging Co - Global Bag
http://www.dealcurry.com/20100623-Emmbi-Acquires-25-In-Packaging-Co-Global-Bag.htm

Emmbi Polyarns has acquired a 25% stake in Czech based Global Bag from Silagro GmBH.

Global Bag is engaged in marketing of agricultural storage equipments and packaging. Prior to this deal, Austria based - Silagro Gmbh held 50% stake in the company.

------------------------------------------------------------------
5) Warburg To Invest Rs 200 Cr In Chennai-based IMC
http://www.dealcurry.com/20100623-Warburg-To-Invest-Rs-200-Cr-In-Chennai-based-IMC.htm

Warburg Pincus plans to invest Rs 200 Cr into IMC Limited for an undisclosed minority stake.

The company plans to utilize the funds to expand its infrastructure facilities across major port terminals in the country. Deal due diligence has been completed.

------------------------------------------------------------------
6) Samara Capital To Invest Rs 150 Cr in Thriveni Earthmovers
http://www.dealcurry.com/20100623-Samara-Capital-To-Invest-Rs-150-Cr-in-Thriveni-Earthmovers.htm

Samara Capital Partners plans to invest around Rs 150 Cr in Thriveni Earthmovers Private Limited.

The deal is supposedly in advanced stages and is likely to be announced in a few weeks.Thriveni Earthmovers, established in 1991, is a contract mining company. It is engaged in geological prospecting, mine survey and planning and other such services.

------------------------------------------------------------------
7) Tricom India To Buy Mastiff Tech And Mastiff Internet Media Solutions
http://www.dealcurry.com/20100623-Tricom-India-To-Buy-Mastiff-Tech-And-Mastiff-Internet-Media-Solutions.htm

Tricom India Ltd had announced to acquire Mastiff Tech and Mastiff Internet Media Solutions.

Acquisitions will strengthen Tricom’s BPO operations by using Mastiff`s technology team and will support Tricom's own software development clients.The acquisitions are expected to be completed within next few weeks.The two Mastiff firms provide internet technology solutions. Their major focus lies into online media, social networking, travel and e-retail domain.

Wednesday, June 23, 2010

Blog Alert for DEALCURRY - Mergers & Acquisitions, Private Equity, I.P.O. / Offerings, Venture Capital, Real Estate, Regulatory,... , Jun 22, 2010

New Posts to DEALCURRY - Mergers & Acquisitions, Private Equity, I.P.O. / Offerings, Venture Capital, Real Estate, Regulatory,... on Jun 22, 2010:

------------------------------------------------------------------
1) Centum Learning Receives Rs 40 Cr Funding From Mayfield India
http://www.dealcurry.com/20100622-Centum-Learning-Receives-Rs-40-Cr-Funding-From-Mayfield-India.htm

Mayfield India Fund has invested Rs 40 Cr in Centum Learning Limited.Centum plans to invest Rs 100 Cr to open 20 college campuses in the next three years, to offer undergraduate & post graduate courses in management, finance, economics and media & entertainment.

------------------------------------------------------------------
2) Shapoorjee Chandabhoy To Invest In Gujarat Based - Liverpool Retail India & Ace Tours
http://www.dealcurry.com/20100622-Shapoorjee-Chandabhoy-To-Invest-In-Gujarat-Based-Liverpool-Retail-India-Ace-Tours.htm

Shapoorjee Chandabhoy Finvest Pvt Ltd is investing Rs 40 Cr in two Gujarat based companies.

Shapoorjee will invest Rs 25 Cr for a 26% stake in Surat based travel company Ace Tours and Rs 15 Cr in Ahmedabad based garment retailer Liverpool Retail India Ltd.

------------------------------------------------------------------
3) Everest Kanto Cylinder To Issue Shares To Reliance Capital Asset Management
http://www.dealcurry.com/20100622-Everest-Kanto-Cylinder-To-Issue-Shares-To-Reliance-Capital-Asset-Management.htm

Everest Kanto Cylinder Ltd is raising around Rs.108 Cr by issuing 80 lakh equity shares to two funds of Reliance Capital Asset Management through preferential allotment.It will issue 60 lakh shares to Reliance Growth Fund and 20 lakh shares to Reliance Regular Savings Fund - Equity Option. Shares will be issued at Rs.135 a share. The funds raised will be utilised for capital expenditure, working capital and repayment of debt.

------------------------------------------------------------------
4) JSW Infra Looking To Raise Funds Via Private Equity
http://www.dealcurry.com/20100622-JSW-Infra-Looking-To-Raise-Funds-Via-Private-Equity.htm

JSW Infrastructure Limited plans to raise funds at project as well as holding company level. The company is in talks with PE investors for stake dilution.The company plans to invest around Rs 10,000 Cr in the next 10 years. It will raise 75% of the total investment through debt.

------------------------------------------------------------------
5) Piramal Healthcare To Acquire BioSyntech Inc.
http://www.dealcurry.com/20100622-Piramal-Healthcare-To-Acquire-BioSyntech-Inc-.htm

Piramal Healthcare is acquiring Canada based BioSyntech Inc. for $3.8 Mn.Piramal Healthcare had earlier acquired 17% stake in BioSyntech in 2006. This investment gave Piramal the rights for the marketing, sales and distribution of current and future products of BioSyntech, for India and some neighbouring Asian markets.

------------------------------------------------------------------
6) GMR Group Interested In Buying Partner's Stake In Airports
http://www.dealcurry.com/20100622-GMR-Group-Interested-In-Buying-Partner-s-Stake-In-Airports.htm

The GMR Group plans to buy stakes held by minority partners, if offered, in all the 3 airports that it operates.Malaysia Airports Holdings Berhad holds 11% and 10% stakes in the Hyderabad airport and the New Delhi airport respectively.

------------------------------------------------------------------
7) Cox And Kings To Raise Rs 2000 Cr For Expansion, Acquisitions
http://www.dealcurry.com/20100622-Cox-And-Kings-To-Raise-Rs-2000-Cr-For-Expansion-Acquisitions.htm

Cox and Kings is raising Rs 2000 Cr through debt and equity to fund its expansion plans. Rs 1000 Cr will be raised as equity and the rest as debt.

The company is looking for acquisitions in US, Canada, England, Australia and New Zealand, a part of the funds will also be used for acquisitions.

------------------------------------------------------------------
8) National Textile Corporation Selling Its Bharat Textile Mills Through E-Auction
http://www.dealcurry.com/20100622-National-Textile-Corporation-Selling-Its-Bharat-Textile-Mills-Through-E-Auction.htm

National Textile Corporation (NTC) is selling its 8.38 acres Bharat Textile Mills in Lower Parel for Rs.750 Cr through e-auction.NTC will use the fund to part-finance its Rs.9,102 Cr expansion, diversification and modernisation plans.NTC is also planning to sell another unit, Poddar Processes, also in Lower Parel for about Rs.250 Cr.

------------------------------------------------------------------
9) Nagarjuna Construction To Divest 49% Stake in Power Project
http://www.dealcurry.com/20100622-Nagarjuna-Construction-To-Divest-49-Stake-in-Power-Project.htm

NCC Power Projects Ltd, a subsidiary of Nagarjuna Construction Company, plans to sell 49% stake in an upcoming thermal power project at Sompeta in Srikakulam district of Andhra Pradesh, to a strategic partner.The company plans to have a debt-equity ratio of 3:1. Based on this, the equity requirement would be around Rs 1,750 Cr for the first phase.

------------------------------------------------------------------
10) SAP Provider Kaar Technologies To Raise Rs 40 Cr PE For Expansion
http://www.dealcurry.com/20100622-SAP-Provider-Kaar-Technologies-To-Raise-Rs-40-Cr-PE-For-Expansion.htm

Kaar Technologies is planning to raise Rs 40 Cr through PE to fund its expansion plans, promotion and product development.

The company has a strong presence in Middle East region and as part of this year's expansion plans, it intends to expand in the MENA region and also to enter into the newer markets like Canada and UK.

Tuesday, June 22, 2010

Blog Alert for DEALCURRY - Mergers & Acquisitions, Private Equity, I.P.O. / Offerings, Venture Capital, Real Estate, Regulatory,... , Jun 21, 2010

New Posts to DEALCURRY - Mergers & Acquisitions, Private Equity, I.P.O. / Offerings, Venture Capital, Real Estate, Regulatory,... on Jun 21, 2010:

------------------------------------------------------------------
1) Maytas Infra To Sell 20% To SBG Projects Via Share Issue
http://www.dealcurry.com/20100621-Maytas-Infra-To-Sell-20-To-SBG-Projects-Via-Share-Issue.htm

SBG Projects Investments Limited will pick up 20% stake in Maytas Infra Limited for 300 Cr.

The company will pay around Rs 195.30 per share for 15.46 Mn shares to be issued on a preferential allotment basis.

The deal will make Mauritius-registered SBG Projects a co-promoter in Maytas.

------------------------------------------------------------------
2) IDFC AMC May Sale 26% Stake To Foreign Investor
http://www.dealcurry.com/20100621-IDFC-AMC-May-Sale-26-Stake-To-Foreign-Investor.htm

IDFC Asset Management Co. Ltd is looking for global fund manager as a strategic partner by diluting 26% stake.This strategic partner will either manage the fund or advise foreign flow of funds into the Indian equity market.IDFC acquired the asset management company in March 2008 from Standard Chartered Bank for $205 mn (Rs.820 Cr). It had paid 5.67% of the then total AUM of Rs.14,141 Cr.

------------------------------------------------------------------
3) Jyothy Laboratories To Raise Rs 300 CR Through QIP
http://www.dealcurry.com/20100621-Jyothy-Laboratories-To-Raise-Rs-300-CR-Through-QIP.htm

Jyothy Laboratories Ltd has announced to raise Rs.300 Cr via QIP.
The company will use the fund for its expansion plans.
FMCG firm, Jyothy Labs is engaged in manufacturing and marketing of fabric whiteners, soaps, detergents, mosquito coils, incense sticks and personal care products. It is known for its flagship brand ‘Ujala’.

The company has 21 manufacturing facilities in 14 locations across India.

It reported consolidated net sales of Rs.598 Cr for 2009-10 with net profit of Rs.74.3 Cr for the same period.

------------------------------------------------------------------
4) Ashoka Buildcon Files DRHP With SEBI
http://www.dealcurry.com/20100621-Ashoka-Buildcon-Files-DRHP-With-SEBI.htm

Ashoka Buildcon Ltd has filed DRHP with SEBI to raise Rs.225 Cr through IPO.The IPO comprises of a fresh issue of 81 lakh shares.The proceeds will be used to invest in one of its subsidiaries, Ashoka Highways (Bhandara) Ltd, for its working capital requirements, capex plans and to repay outstanding loans of its subsidiaries.IDFC-SSKI, Enam Securities and Kotak Mahindra Capital are book running lead managers to the issue.

------------------------------------------------------------------
5) BSE Acquires 16% Stake In CDSL
http://www.dealcurry.com/20100621-BSE-Acquires-16-Stake-In-CDSL.htm

BSE has acquired an additional 16% stake in Central Depository Services Limited for Rs 84-92 Cr from HDFC Bank(7%), Bank of Baroda(4.5%) and Bank of India(4%). This deal values the depository at Rs 522-575 Cr.

------------------------------------------------------------------
6) CIPCL To Sell Stake in Bhadrawati Power Project
http://www.dealcurry.com/20100621-CIPCL-To-Sell-Stake-in-Bhadrawati-Power-Project.htm

Central India Power Company Limited plans to sell stake in proposed 1,082MW coal-based power plant in Bhadrawati in Maharashtra for which the Aditya Birla Group, Hinduja Group, Reliance Industries and Jaypee Group have bid.

CIPCL has appointed SBI Capital Markets to find a strategic partner to build the 1,000-MW power station. The project is estimated to cost around $1 Bn.

------------------------------------------------------------------
7) SPML Infra To Raise PE Funding For Bhiwandi Water Project
http://www.dealcurry.com/20100621-SPML-Infra-To-Raise-PE-Funding-For-Bhiwandi-Water-Project.htm

SPML Infra is looking to raise upto Rs 300 Cr from PE investors for its Rs 700 Cr Bhiwandi water project.

The company has created a SPV - SPML Bhiwandi Water Supply Infra Limited for the project and will raise the balance Rs 400 Cr though debt. The project is expected to be operational by 2012-13. The company has started negotiations with US based Water Asset Management and Veolia Water for the funds.

SBI Capital Markets is advising SPML on the deal.

Saturday, June 19, 2010

Blog Alert for DEALCURRY - Mergers & Acquisitions, Private Equity, I.P.O. / Offerings, Venture Capital, Real Estate, Regulatory,... , Jun 18, 2010

New Posts to DEALCURRY - Mergers & Acquisitions, Private Equity, I.P.O. / Offerings, Venture Capital, Real Estate, Regulatory,... on Jun 18, 2010:

------------------------------------------------------------------
1) Orbit Corp To Acquire Real Estate Developer Anaya Infrastructure
http://www.dealcurry.com/20100618-Orbit-Corp-To-Acquire-Real-Estate-Developer-Anaya-Infrastructure.htm

Orbit Corporation has announced to acquire 100% stake in Anaya Infrastructure Pvt Ltd.Orbit's board has also approved to raise Rs.1000 Cr through QIP by diluting 20% stake in the company. It has also proposed to raise the borrowing limit of the company from Rs.1000 Cr to Rs.2000 Cr.Incorporated in 2007, Mumbai based real estate developer, Anaya Infrastructure is promoted by Sanjay M Pihulkarg and Amarjee B Jha. The company constructs and develops commercial, residential, institutions, educational campuses and other real estate properties.

------------------------------------------------------------------
2) RCom May Sell Telecom and Fibre Optic Business To RIL
http://www.dealcurry.com/20100618-RCom-May-Sell-Telecom-and-Fibre-Optic-Business-To-RIL.htm

Reliance Communications is planning to sell its fibre optic cables and telecom tower businesses to Reliance Industries (RIL).If the deal materializes as per rumour, RCOM may also provide infrastructure and back-end support to RIL's telecom business.
RIL will use RCom’s tower and fibre optic business for its broadband and telecom business.

------------------------------------------------------------------
3) Shriram Transport Plans Rs 500 Cr NCD
http://www.dealcurry.com/20100618-Shriram-Transport-Plans-Rs-500-Cr-NCD.htm

Shriram Transport Finance is planning to raise up to Rs.500 Cr through Non Convertible Debentures (NCDs) inorder to bring down its exposure on floating credit.This will be Shriram's third NCD since 2009. It raised around Rs.1000 Cr in July 2009 and another Rs.500 Cr in May 2010. By end of 2010, it is planning another Rs.500 Cr NCD.

------------------------------------------------------------------
4) Religare To Buy AMCs In US
http://www.dealcurry.com/20100618-Religare-To-Buy-AMCs-In-US.htm

Religare Enterprises Limited plans to buy 51-74% stake in a couple of boutique asset management companies in the US and merge their corpus with its own in future.In 2010-11, Religare expects to get about $14 Bn of assets under control from the planned series of buyouts.

------------------------------------------------------------------
5) Cognizant Acquires Paris Based IT Testing Firm - Galileo Performance
http://www.dealcurry.com/20100618-Cognizant-Acquires-Paris-Based-IT-Testing-Firm-Galileo-Performance.htm

Cognizant Technology Solutions has acquired Paris based IT testing and consulting company - Galileo Performance.

Galileo Performance is a consulting firm dedicated to the measurement, management and continuous optimization of IT system performance.Last year in Oct, Cognizant acquired UBS India Service Centre, a captive unit of Swiss based UBS for about $75 mn.

------------------------------------------------------------------
6) Pipavav Shipyard May Sell Strategic Stake to RIL
http://www.dealcurry.com/20100618-Pipavav-Shipyard-May-Sell-Strategic-Stake-to-RIL.htm

Reliance Industries may take 26% stake in Pipavav Shipyard through a preferential issue.

PSL promoter Nikhil Gandhi plans to issue 26% to a strategic investor who will be from the oil and gas industry.The investor will have to make an open offer at the same price after the deal.

Currently the promoter group holds 39.56% in PSL. They recently bought 19.6% from Punj Lloyd, which was a co-promoter in the company. It is bringing a new partner to replace Punj Lloyd's skills.

------------------------------------------------------------------
7) Brigade Enterprises To Raise Rs 750 Cr For Hospital And Retail Vertical Expansion
http://www.dealcurry.com/20100618-Brigade-Enterprises-To-Raise-Rs-750-Cr-For-Hospital-And-Retail-Vertical-Expansion.htm

Brigade Enterprises is raising up to Rs.750 Cr through issue of equity-based securities by public or private offering / or qualified institutional placement / or preferential share allotment.The funds will be utlilised for its expansion in hospital and retail verticals.Company is also planning to raise Rs.500 Cr through private equity for its expansion plans by selling some stake in its hospitality subsidiary, Brigade Hospitality Services.J P Morgan is the lead manager for PE deal which is expected by August end.

------------------------------------------------------------------
8) HAFED To Pick 15% stake in Ahmedabad Commodity Exchange
http://www.dealcurry.com/20100618-HAFED-To-Pick-15-stake-in-Ahmedabad-Commodity-Exchange.htm

Haryana State Cooperative Supply & Marketing Federation Limited plans to pick up 15% stake in the Ahmedabad Commodity Exchange Limited.Ahmedabad Commodity Exchange promoted by Kotak Group is recognized for trading castorseed, cottonseed, cottonseed oil & oilcake. Kotak bought 51% stake in the bourse becoming the anchor investor.

Friday, June 18, 2010

Blog Alert for DEALCURRY - Mergers & Acquisitions, Private Equity, I.P.O. / Offerings, Venture Capital, Real Estate, Regulatory,... , Jun 17, 2010

New Posts to DEALCURRY - Mergers & Acquisitions, Private Equity, I.P.O. / Offerings, Venture Capital, Real Estate, Regulatory,... on Jun 17, 2010:

------------------------------------------------------------------
1) Ultra Space Developers Issues NCD Worth Rs 175 Cr For Kalina Project
http://www.dealcurry.com/20100617-Ultra-Space-Developers-Issues-NCD-Worth-Rs-175-Cr-For-Kalina-Project.htm

Ultra Space Developers Private Limited has raised NCD of Rs.175 Cr through private placement to fund its residential project in Kalina, Mumbai.The NCD is primarily secured by first mortgage of the land on which the proposed project is to come up and by pledge of shares held by promoters in the SPV, in favor of the debenture holders for a peiod of 42 months.Nishith Desai Associates acted as legal and tax counsel to the investors.

------------------------------------------------------------------
2) Manipal Education Sells MNE Technologies To Italy's Ital Telematic
http://www.dealcurry.com/20100617-Manipal-Education-Sells-MNE-Technologies-To-Italy-s-Ital-Telematic.htm

Italy’s Ital Telematic and Biomedical Services (TBS) has bought MNE Technologies for $8.475 mn (Rs.38.2 Cr).The deal values MNE at an enterprise value of 9.5 times its EBITDA of $894,490 at March 31, 2010.Founded in 2000, MNE Technologies Pvt Ltd is a medical equipment servicing firm which was incubated by Manipal Education and Medical Group (MEMG). The transaction marks TBS Group entry in the Indian market.

------------------------------------------------------------------
3) Binani Cement To BuyBack 20.07% Of Its Equity For Rs130.5 Cr
http://www.dealcurry.com/20100617-Binani-Cement-To-BuyBack-20-07-Of-Its-Equity-For-Rs130-5-Cr.htm

Binani Cement has announced to buy back 14.5 mn shares of the company at Rs.90 each for around Rs.130.5 Cr.The buy-back represents 20.07% of the paid-up equity share capital and free reserves of the company as on March 31, 2010.The offer opens on July 27 and closes on Aug. 10. Keynote Corporate Services is the lead manager to the company’s offer.

------------------------------------------------------------------
4) ICICI Venture Hires Manikkan Sangameswaran From Babrock
http://www.dealcurry.com/20100617-ICICI-Venture-Hires-Manikkan-Sangameswaran-From-Babrock.htm

ICICI Venture has hired Manikkan Sangameswaran from Babcock & Brown Infrastructure to head its soon-to-be-launched infrastructure fund.Manikkan was chief of Babcock & Brown India Pvt Ltd, the local arm of Australian PE firm Babrock and Brown Ltd.

------------------------------------------------------------------
5) Reliance Capital Buys 18% in Bloomberg UTV from Promoters
http://www.dealcurry.com/20100617-Reliance-Capital-Buys-18-in-Bloomberg-UTV-from-Promoters.htm

Reliance Capital will acquire 18% in Bloomberg UTV, the business channel promoted by Ronnie Screwvala and Bloomberg LP, for an undisclosed amount.

Post the acquisition the UTV promoters will hold 67% and Bloomberg will continue to hold 15% in the channel. The channel holds the no. 2 position across 8 metros.

Anil Ambani promoted RCL also owns 15% and 10% in Network 18 group and TV Today respectively

------------------------------------------------------------------
6) ArcelorMittal May Buy Stake in Ramsarup Industries
http://www.dealcurry.com/20100617-ArcelorMittal-May-Buy-Stake-in-Ramsarup-Industries.htm

ArcelorMittal is planning to buy stake in Ramsarup Industries.The acquisition would benefit ArcelorMittal to utilize iron ore mines of Ramsarup for its Orissa steel project.

If the deal materializes, may have a mezzanine structure, where convertible warrants will be issued and would translate into 25% equity on conversion. Later, the strategic investor could raise holding in the company.

------------------------------------------------------------------
7) Resurgere Mines To Raise Rs 250 Cr Via GDR
http://www.dealcurry.com/20100617-Resurgere-Mines-To-Raise-Rs-250-Cr-Via-GDR.htm

Resurgere Mines & Minerals India Limited plans to raise Rs 250 Cr through sale of GDRs.

The minimum GDR issue price has been fixed at Rs 75 per share.

The company will use the net proceeding of the issue for capital expenditure and to reduce the debt.

------------------------------------------------------------------
8) IVRCL Infra To Raise Funding For Maharashtra-Goa Highway Project
http://www.dealcurry.com/20100617-IVRCL-Infra-To-Raise-Funding-For-Maharashtra-Goa-Highway-Project.htm

IVRCL Infrastructures and Projects Ltd is looking for a strategic investor in its SPV for Maharashtra-Goa highway project worth Rs.3,100 Cr. It is also planning to sell some of its land bank for Rs.100 Cr this fiscal and will dilute up to 5% stake from its present holding of 80.5% to infuse capital for further investments.

------------------------------------------------------------------
9) Khazanah Nasional To Acquire Stake In Aman Resorts
http://www.dealcurry.com/20100617-Khazanah-Nasional-To-Acquire-Stake-In-Aman-Resorts.htm

Malaysian wealth fund - Khazanah Nasional is acquiring a controlling stake in Aman Resorts from DLF Limited for about $300-350 Mn. The deal doesnot include Aman Resorts’ New Delhi property.

Goldman Sachs and JP Morgan are advising DLF on the transaction.

------------------------------------------------------------------
10) Baring PE To Invest Rs 350 Cr in SuperMax India
http://www.dealcurry.com/20100617-Baring-PE-To-Invest-Rs-350-Cr-in-SuperMax-India.htm

Baring Private Equity India plans to invest Rs 350 Cr in SuperMax Corporation's Indian entity - Vidyut Metallics Private Limited.

The company will use the funds to expand its geographical spread and for extensions of the product line.

------------------------------------------------------------------
11) Rajoo Engineers Ltd Acquires Wonderpack Industries For Rs 30 Cr
http://www.dealcurry.com/20100617-Rajoo-Engineers-Ltd-Acquires-Wonderpack-Industries-For-Rs-30-Cr.htm

Rajkot based - Rajoo Engineers Ltd has acquired Wonder Pack Industries for Rs 30 Cr.

Post acquisition, Wonderpack will operate as a separate division of Rajoo Engineers, under the leadership of Amit Shah, the founder and managing director of Wonderpack, who has joined the Board of Rajoo Engineers.

Thursday, June 17, 2010

Blog Alert for DEALCURRY - Mergers & Acquisitions, Private Equity, I.P.O. / Offerings, Venture Capital, Real Estate, Regulatory,... , Jun 16, 2010

New Posts to DEALCURRY - Mergers & Acquisitions, Private Equity, I.P.O. / Offerings, Venture Capital, Real Estate, Regulatory,... on Jun 16, 2010:

------------------------------------------------------------------
1) Tiger Global Invests $10 Mn in Flipkart Online
http://www.dealcurry.com/20100616-Tiger-Global-Invests-10-Mn-in-Flipkart-Online.htm

Flipkart Online Services Pvt Ltd has raised its second round of venture funding from Tiger Global Management.The investment is believed to be of around $10 mn which would be utilized for Flipkart’s expansion.Founded in 2007, Bangalore based Flipkart runs the online retail book firm Flipkart.com and also offers products in movies, games and music.

------------------------------------------------------------------
2) Sajjan Jindal Group Raises Rs 650 Cr From KKR's NBFC Multiflow Financial Services
http://www.dealcurry.com/20100616-Sajjan-Jindal-Group-Raises-Rs-650-Cr-From-KKR-s-NBFC-Multiflow-Financial-Services.htm

Sajjan Jindal group’s privately-held investment company has received Rs.650 Cr from KKR’s NBFC Multiflow Financial Services Pvt Ltd.
The funds would be used to part-finance Sajjan Jindals group’s Rs.7,000 Cr expansion plans in steel. The deal is expected to be in the form structured sponsored finance, a mixture of fixed income payments, equity and cash.
Repayment of the loan will begin after three years with equity linked returns.

Wednesday, June 16, 2010

Blog Alert for DEALCURRY - Mergers & Acquisitions, Private Equity, I.P.O. / Offerings, Venture Capital, Real Estate, Regulatory,... , Jun 15, 2010

New Posts to DEALCURRY - Mergers & Acquisitions, Private Equity, I.P.O. / Offerings, Venture Capital, Real Estate, Regulatory,... on Jun 15, 2010:

------------------------------------------------------------------
1) Cipla To Acquire Stakes In Two BioTech Companies
http://www.dealcurry.com/20100615-Cipla-To-Acquire-Stakes-In-Two-BioTech-Companies.htm

Cipla is acquiring stakes in 2 BioTech companies. It is acquiring 40% stake in Indian biotech company and 25% stake in Hong Kong based biotech company through subscription of fresh shares.

The acquisition of the unknown Indian biotech company will give Cipla the rights to market all its products in India and in international markets.
The international acquisition will be made through Cipla’s wholly owned overseas subsidiary. The biotech company is setting up a state of the art facility for biosimilar products in Shanghai. The total investment for both the companies is estimated to be about $ 65 Mn in a phased manner over a period of 3 years.

------------------------------------------------------------------
2) Star India To Exit Balaji Telefilms
http://www.dealcurry.com/20100615-Star-India-To-Exit-Balaji-Telefilms.htm

Star India is selling its 26% stake in Balaji Telefilms. Reliance Big Entertainment may buy the stake in the television content service provider.

If the transaction goes through, Reliance Big Entertainment will have to make a mandatory open offer to buy another 20% stake in the company.

Star India had acquired the stake through its affiliate Asian Broadcasting FZ-LLC for Rs 123 Cr in 2004.

------------------------------------------------------------------
3) FrontPoint Management Picks Up More Shares in Parkway Holdings
http://www.dealcurry.com/20100615-FrontPoint-Management-Picks-Up-More-Shares-in-Parkway-Holdings.htm

UK-based FrontPoint Management LLP - a unit of Morgan Stanley Asia - has bought 110,000 shares of Fortis Healthcare- controlled Singapore's Parkway Holdings from the open market for S$ 3.85 a share.Morgan Stanley Asia is acting as independent advisor to the Parkway board on the share purchase offer made by Malaysian investment firm Khazanah.

------------------------------------------------------------------
4) Fatipe Network Withdraws IPO On Poor Response
http://www.dealcurry.com/20100615-Fatipe-Network-Withdraws-IPO-On-Poor-Response.htm

Fatpipe Networks has withdrawn its initial public offer (IPO) due to poor response.It received only 88% of the subscription till the close of the issue yesterday.Fatpipe manufactures a range of appliances based on its technology for data transmission over multiple lines that provides highly reliable and redundant Internet/Intranet access solution available. It also offers data security with encryption protocols.

------------------------------------------------------------------
5) RCom To Sell Stake In Reliance Infratel After Restructuring
http://www.dealcurry.com/20100615-RCom-To-Sell-Stake-In-Reliance-Infratel-After-Restructuring.htm

Reliance Communications Limited plans to restructure its telecom towers arm, Reliance Infratel Limited to pass on ownership to a strategic investor.The company is in talks with potential buyers’ i.e American Tower Company, GTL Infrastructure and a consortium of PE Blackstone and Crown Castle International.RComm’s residual 95% stake in RTIL is valued at $6.40 Bn.

------------------------------------------------------------------
6) SBI Buys Back 13.84% Stake In SBICAPS From ADB
http://www.dealcurry.com/20100615-SBI-Buys-Back-13-84-Stake-In-SBICAPS-From-ADB.htm

SBI is buying back its 13.84% stake in SBI Capital Markets Limited from ADB. ADB had acquired the 13.84% stake in SBICAPS in Jan'97 for $21.2 Mn. Post transaction, SBI CAPS will operate as a wholly owned subsidiary of SBI.

ADB had acquired the stake as a part of its efforts to provide specific assistance toward privatisation of public sector enterprises.

Tuesday, June 15, 2010

Blog Alert for DEALCURRY - Mergers & Acquisitions, Private Equity, I.P.O. / Offerings, Venture Capital, Real Estate, Regulatory,... , Jun 14, 2010

New Posts to DEALCURRY - Mergers & Acquisitions, Private Equity, I.P.O. / Offerings, Venture Capital, Real Estate, Regulatory,... on Jun 14, 2010:

------------------------------------------------------------------
1) UCO Bank Plans FPO For Rs 500 Cr
http://www.dealcurry.com/20100614-UCO-Bank-Plans-FPO-For-Rs-500-Cr.htm

UCO Bank is planning to raise Rs.500 Cr through follow-on public offer in July by issuing six crore equity shares.The money raised will be utilized for its expansion.Recently, Government of India has approved the infusion of Rs.375 Cr into UCO Bank.

------------------------------------------------------------------
2) Reliance Venture Invests In Gradatim IT Ventures
http://www.dealcurry.com/20100614-Reliance-Venture-Invests-In-Gradatim-IT-Ventures.htm

Gradatim IT Ventures has raised Series A round of funding from Reliance Venture. The investment is reported to be between $7-9 mn.Bangalore based Gradatim IT Ventures (India) Pvt Ltd is a privately held IT company with operations in India, Australia, Singapore and Dubai with focus on Business Process Utility (BPU) providing services across the banking and insurance industries, especially microfinance space. Gradatim’s clients include MFIs and NBFC’s, Insurance providers across Asia, Australia and Dubai.

------------------------------------------------------------------
3) IBM To Acquire Indian Software Companies
http://www.dealcurry.com/20100614-IBM-To-Acquire-Indian-Software-Companies.htm

IBM is looking for acquisitions for about $20 bn in India and across the globe for over five years.In India, it is targeting companies with proprietary software products that cater to small and medium enterprises (SMEs).

------------------------------------------------------------------
4) Sun TV's Maran To Buy Stake In SpiceJet From Kansagra and Wilbur Ross
http://www.dealcurry.com/20100614-Sun-TV-s-Maran-To-Buy-Stake-In-SpiceJet-From-Kansagra-and-Wilbur-Ross.htm

Kalanithi Maran of Sun TV Network Ltd is set to buy 37.75% stake in SpiceJet Ltd for around Rs.800 Cr from Bhupendra (Bhulo) Kansagra and Wilbur L. Ross.The stake will be bought through Maran’s personal capacity and through its holding company KAL Airways.Maran, will make an open offer to SpiceJet’s minority shareholders to acquire an additional 20% stake from today.

------------------------------------------------------------------
5) Infosys Plans Small Acquisitions in Europe
http://www.dealcurry.com/20100614-Infosys-Plans-Small-Acquisitions-in-Europe.htm

Infosys Technologies is planning for small acquisitions in France and Germany to expand its footprint in European markets. Infosys wants to penetrate in sectors like manufacturing and retail in Europe through inorganic growth.

------------------------------------------------------------------
6) SREI Equipment Finance To Raise $50 Mn Through ECBs
http://www.dealcurry.com/20100614-SREI-Equipment-Finance-To-Raise-50-Mn-Through-ECBs.htm

Srei Equipment Finance Private Limited plans to raise $50 Mn through ECBs from DBS Bank Limited.

The money would be repaid over a period of 7 years and the average cost is around 8%.SREI BNP Paribas is expecting fresh disbursal of Rs 9,000-Rs 10,000 Cr during FY11.

------------------------------------------------------------------
7) Dhanalaxmi Bank To Raise Rs 350 Cr Through QIP
http://www.dealcurry.com/20100614-Dhanalaxmi-Bank-To-Raise-Rs-350-Cr-Through-QIP.htm

Dhanalaxmi Bank is planning to raise Rs 350 Cr by diluting 23% of its equity through qualified institutional placement (QIP) in third week of July.The funds raised will be utilized for its business growth.IDFC-SSKI and JM Financial are investment bankers for bank’s QIP.

------------------------------------------------------------------
8) New Bombay Printing & Dyeing Mills To Acquire Perfect Octave
http://www.dealcurry.com/20100614-New-Bombay-Printing-Dyeing-Mills-To-Acquire-Perfect-Octave.htm

New Bombay Printing & Dyeing Mills Limited plans to acquire Perfect Octave Private Limited for an undisclosed sum.The company plans to enter in the media business making the acquisition of strategic importance.Perfect Octave, promoted by Ratish Tagde, is an event management company in the music segment.

Saturday, June 12, 2010

Blog Alert for DEALCURRY - Mergers & Acquisitions, Private Equity, I.P.O. / Offerings, Venture Capital, Real Estate, Regulatory,... , Jun 11, 2010

New Posts to DEALCURRY - Mergers & Acquisitions, Private Equity, I.P.O. / Offerings, Venture Capital, Real Estate, Regulatory,... on Jun 11, 2010:

------------------------------------------------------------------
1) Reliance Industries Buys 95% Stake In Infotel Broadband
http://www.dealcurry.com/20100611-Reliance-Industries-Buys-95-Stake-In-Infotel-Broadband.htm

Reliance Industries has bought 95% stake in Infotel Broadband Services for Rs.4,800 Cr. Infotel will issue fresh equity shares to RIL. Infotel, promoted by Anant Nahata of HFCL, has won pan India Broadband Wireless Access spectrum license for 22 circles for around Rs 12,848 crore ($2.7 billion).

------------------------------------------------------------------
2) Nexus' Second Agro Investment - Commodity Warehousing Firm, Sohan Lal
http://www.dealcurry.com/20100611-Nexus-Second-Agro-Investment-Commodity-Warehousing-Firm-Sohan-Lal.htm

Sohan Lal Commodity Management (SLCM) has raised Rs.10 Cr from Nexus Venture Partners. SLCM will use the funds to expand its presence and warehousing capacity.SLCM provides agri-commodity warehouse management and procurement solutions.Sandeep Singhal of Nexus Venture Partners will join SLCM's board.

------------------------------------------------------------------
3) Firstsource May Acquire Barclaycard's Teesside Centre
http://www.dealcurry.com/20100611-Firstsource-May-Acquire-Barclaycard-s-Teesside-Centre.htm

Firstsource Solution is set to buy Barclaycard's cutomer service centre in Teesside, UK.

If the deal is finalised, Firstsource will take over assets of the centre and deliver customer care for Barclays bank’s credit card and payments business in UK.

------------------------------------------------------------------
4) Gensol Launches Rs 350 Cr Renewable Energy Focused Fund
http://www.dealcurry.com/20100611-Gensol-Launches-Rs-350-Cr-Renewable-Energy-Focused-Fund.htm

Gensol Consultants Private Limited has raised a Rs 350 Cr fund - Gensol renewable energy Fund. The amount for the fund has been raised both through internal accruals as well as from institutional investors who look to gain from carbon trading.

------------------------------------------------------------------
5) SK Telecom May Acquire 26% In Videocon Telecommunication
http://www.dealcurry.com/20100611-SK-Telecom-May-Acquire-26-In-Videocon-Telecommunication.htm

Korea based - SK Telecom may acquire a 26% stake in Videocon Telecommunications Ltd. The Dhoot Family wants $767 Mn for the stake, valuing the company at $2.9 Bn. The funds will be used for expansion.

The Dhoot family was in talks with UAE based Etisalat, Turkey based Turkcell and Vivendi SA, but the deal failed over valuation differences.

------------------------------------------------------------------
6) Orchid Chemicals To Acquire US- Based Karalex Pharma
http://www.dealcurry.com/20100611-Orchid-Chemicals-To-Acquire-US-Based-Karalex-Pharma.htm

Orchid Chemicals & Pharmaceuticals Limited will acquire US- based Karalex Pharma LLC in an all cash deal for an undisclosed amountOrchid Chemicals is planning to file for 50 new U.S. FDA approvals by March 2012. The acquisition will be beneficial to Orchid as it plans to enter the US market on it own in the near future.

------------------------------------------------------------------
7) HCC To Raise Rs 500 Cr For Infrastructure Projects
http://www.dealcurry.com/20100611-HCC-To-Raise-Rs-500-Cr-For-Infrastructure-Projects.htm

HCC is planning to raise upto Rs 500 Cr by selling 20-30% stake in its infrastructure arm - HCC Infrastructure Ltd. It has already initiated talks with domestic and foreign infrastructure funds. A deal is expected in three months.

The funds will be used by HCC to fund its capex requirements.

------------------------------------------------------------------
8) IL&FS PE May Invest Rs.300 Cr in Orbit Corp's SPV
http://www.dealcurry.com/20100611-IL-FS-PE-May-Invest-Rs-300-Cr-in-Orbit-Corp-s-SPV.htm

Orbit Corporation to sell stake in one of its Nepean Sea Road projects for around Rs.300 Cr to IL&FS Private Equity Fund.
Orbit is also planning to raise Rs.1000 Cr through QIP and Rs.1000 Cr through guarantees to fund its capex plans as it is looking to buy land banks at Matunga, Sion, Khetwadi, Opera House, Malabar Hill, Cooperage, Cuff Parade and Colaba.

Friday, June 11, 2010

Blog Alert for DEALCURRY - Mergers & Acquisitions, Private Equity, I.P.O. / Offerings, Venture Capital, Real Estate, Regulatory,... , Jun 10, 2010

New Posts to DEALCURRY - Mergers & Acquisitions, Private Equity, I.P.O. / Offerings, Venture Capital, Real Estate, Regulatory,... on Jun 10, 2010:

------------------------------------------------------------------
1) LIC And 4 Banks May Invest Rs.160 Cr In Videocon
http://www.dealcurry.com/20100610-LIC-And-4-Banks-May-Invest-Rs-160-Cr-In-Videocon.htm

The funding through prefrential allotment will be utilized by Videocon to meet its working capital requirements and on-going capex plans.

Post-preferential allotment, the shareholding of the promoters in the company will come down to 66.67% from the current 68.46% and thatof banks and financial institutions will increase to 3.55% from 1.29%.

------------------------------------------------------------------
2) Komli Media Acquires Australia's PostClick
http://www.dealcurry.com/20100610-Komli-Media-Acquires-Australia-s-PostClick.htm

Komli Media has bought Australia's PostClick to strengthen its product offering in digital advertising space in the Asia Pacific market.Komli Media is a digital advertising network focused on India, whereas PostClick is a site representation company covering the Asia Pacific region. Alister Coleman of AG Coleman & Co was the advisor to PostClick.

------------------------------------------------------------------
3) Shree Ram Urban To Raise Rs 2500 Cr Through Part Land Sale.
http://www.dealcurry.com/20100610-Shree-Ram-Urban-To-Raise-Rs-2500-Cr-Through-Part-Land-Sale-.htm

Shree Ram Urban Infrastructure (SRUI) is selling part of its 26.5 lakh sq.ft.in Shree Ram Mills in Worli, Mumbai for Rs.2,475-2,500 Cr.The funds would be utilized for its expansion plans and for its ongoing project Palais Royal (saleable area of 8.8 lakh sft) at the same plot.

------------------------------------------------------------------
4) Edelweiss, Lanco Bid For Axis Bank's PE Arm
http://www.dealcurry.com/20100610-Edelweiss-Lanco-Bid-For-Axis-Bank-s-PE-Arm.htm

Their bids are estimated to be in the range of Rs.30-45 Cr.
Aditya Birla Private Equity, the Shapoorji Pallonji group and IL&FS Investment Managers are also considered close competitors for Axis PE arm.Axis currently manages only one fund - Rs.600 Cr Axis Infrastructure fund.

------------------------------------------------------------------
5) IL&FS Milestone Fund To Invest $122 Mn In HCC Real Estate
http://www.dealcurry.com/20100610-IL-FS-Milestone-Fund-To-Invest-122-Mn-In-HCC-Real-Estate.htm

IL&FS Milestone Fund - II is acquiring a 74% stake in HCC Real Estate Limited for $122 Mn(Rs.575 Cr), valuing the company at $163 Mn.The funds will be used by the parent company - HCC Limited to repay the Rs 350 Cr loan taken from HDFC Limited for construction.Money Matters Financial Services is the sole advisor for the deal. Blackstone Real Estate Group and Morgan Stanley Real Estate Group were also interested in acquiring the stake.

------------------------------------------------------------------
6) Sivasankaran May Pick 49% stake in Loop Telecom
http://www.dealcurry.com/20100610-Sivasankaran-May-Pick-49-stake-in-Loop-Telecom.htm

Sivasankaran may pick 49% stake in Loop Telecom and has been in talks with the Essar group that controls Loop Telecom.

A merger with Loop will give Siva owned STel access to all major telecom circles as Loop has a pan-India licence.

The stake purchase will be in Siva's own capacity through a fresh issue of shares of Loop Telecom and not through Siva's investment vehicle Siva Ventures Ltd.

Thursday, June 10, 2010

Blog Alert for DEALCURRY - Mergers & Acquisitions, Private Equity, I.P.O. / Offerings, Venture Capital, Real Estate, Regulatory,... , Jun 9, 2010

New Posts to DEALCURRY - Mergers & Acquisitions, Private Equity, I.P.O. / Offerings, Venture Capital, Real Estate, Regulatory,... on Jun 9, 2010:

------------------------------------------------------------------
1) Luminous Power To Raise Funds Through IPO
http://www.dealcurry.com/2010069-Luminous-Power-To-Raise-Funds-Through-IPO.htm

Inverter, appliance and battery maker Luminous Power Technologies is planning for an IPO within next twelve months to meet its expansion plans in its product line.The issue will also give exit opportunity to the PE firm CLSA Capital Partners which had invested in the company for around $20.3 mn in 2007.

------------------------------------------------------------------
2) Lodha To Raise PE For WorldOne Project
http://www.dealcurry.com/2010069-Lodha-To-Raise-PE-For-WorldOne-Project.htm

Lodha may raise funds through private equity of about Rs.1,000 Cr from Singapore funds GIC and Temasek and HDFC Property Fund.

The fund is raised to invest in its soon to be initiated tallest residential property (117-storey tower) on the 17 acre plot in Lower parel which it bought 5 years ago.

Wednesday, June 9, 2010

Blog Alert for DEALCURRY - Mergers & Acquisitions, Private Equity, I.P.O. / Offerings, Venture Capital, Real Estate, Regulatory,... , Jun 8, 2010

New Posts to DEALCURRY - Mergers & Acquisitions, Private Equity, I.P.O. / Offerings, Venture Capital, Real Estate, Regulatory,... on Jun 8, 2010:

------------------------------------------------------------------
1) Deepak Fasteners, Maker Of Industrial Fasteners, Receives $15 mn from BanyanTree
http://www.dealcurry.com/2010068-Deepak-Fasteners-Maker-Of-Industrial-Fasteners-Receives-15-mn-from-BanyanTree.htm

BanyanTree Growth Capital invested $15mn (Rs. 70 crore) in Deepak Fasteners Limited (“DFL”) for a minority stake. BanyanTree will have a Board representation.

Ludhiana based DFL is the largest manufacturer of specialty industrial fasteners. It is promoted by the Kalra family. DFL will use the funds for expansion of capacity and geographic reach. It plans to raise Rs. 250 crore in the next one year for expansion.

------------------------------------------------------------------
2) Hindalco Looking For Overseas Copper Mines
http://www.dealcurry.com/2010068-Hindalco-Looking-For-Overseas-Copper-Mines.htm

Hindalco is looking for overseas copper mines inorder to meet its own raw material supplies.Hindalco Industries Ltd operates copper mines in Australia under its unit, Aditya Birla Minerals.

It has expansion plans to set up additional 1.90 million tonnes of aluminium and produce 6 million tonnes of alumina by fiscal 2016-17 and has planned for a capex of Rs.100 bn in 2010-11 for its greenfield projects.

------------------------------------------------------------------
3) FIIs And Others May Acquire 26% in HT Media Ventures For Rs 350 Cr
http://www.dealcurry.com/2010068-FIIs-And-Others-May-Acquire-26-in-HT-Media-Ventures-For-Rs-350-Cr.htm

Foreign institutional investors, non-resident Indians and foreign venture capital investors (FVCIs) may acquire 26% stake in Hindustan Media Ventures Ltd (HTMVL) for Rs.350 Cr. The capital infusion may require foreign investment promotion board (FIPB) approval.The funds would be utilized for its expansion plans.

------------------------------------------------------------------
4) Ramky Enviro To Acquire Companies In Australia, Sweden
http://www.dealcurry.com/2010068-Ramky-Enviro-To-Acquire-Companies-In-Australia-Sweden.htm

Ramky Enviro Engineers Limited is acquiring two companies one each in Australia and Sweden for a total consideration of $60 Mn.

These companies operate in the area of waste management. These acquisitions will add technological expertise to its business operations.

------------------------------------------------------------------
5) Tejas Networks To Acquire Israel Based - Ethos Networks
http://www.dealcurry.com/2010068-Tejas-Networks-To-Acquire-Israel-Based-Ethos-Networks.htm

Tejas Networks is planning to acquire Ethos Networks under a share swap deal where Ethos investors will be given shares in the unlisted Tejas.Israel-based Ethos specializes in carrier ethernet and network management products. Co-Founded in 2000 by Gururaj Deshpande, Tejas Networks had reported a turnover of Rs.600 Cr for 20o9-10.

Tuesday, June 8, 2010

Blog Alert for DEALCURRY - Mergers & Acquisitions, Private Equity, I.P.O. / Offerings, Venture Capital, Real Estate, Regulatory,... , Jun 7, 2010

New Posts to DEALCURRY - Mergers & Acquisitions, Private Equity, I.P.O. / Offerings, Venture Capital, Real Estate, Regulatory,... on Jun 7, 2010:

------------------------------------------------------------------
1) Cerebra Integrated Technologies To Dilute 38% Stake For Rs16.1 Cr
http://www.dealcurry.com/2010067-Cerebra-Integrated-Technologies-To-Dilute-38-Stake-For-Rs16-1-Cr.htm

Cerebra Integrated Technologies have announced to dilute around 38% stake amounting to Rs.16.1 Cr as a part of share-for-vendor-supply deal.

The company is planning to foray into e-waste management business and will use part of the money to finance its plant and machinery and for services.

------------------------------------------------------------------
2) Bhushan Steel To Raise $500 Mn
http://www.dealcurry.com/2010067-Bhushan-Steel-To-Raise-500-Mn.htm

Bhushan Steel has planned to raise funds worth $500 mn from the market to finance its greenfield projects.

The amount would be raised in one or more tranches from domestic or international markets in one or more currencies.

Bhushan Steel is also in the process of raising its authorised share capital from Rs.125 CR to Rs.150 Cr through 25 lakh preference shares of Rs.100 each. The move is in line with the company’s plans to issue further capital to meet additional fund requirements.

------------------------------------------------------------------
3) Allied Blenders And Distillers To Raise Rs 50 Cr From PEs
http://www.dealcurry.com/2010067-Allied-Blenders-And-Distillers-To-Raise-Rs-50-Cr-From-PEs.htm

Allied Blenders and Distillers is looking to raise upto Rs 50 Cr from PE funds to fund its expansion plans. The company would dilute 5-10% stake to raise the funds. It is negotiating with 3-4 foreign based funds for the funds.

------------------------------------------------------------------
4) Duncan Industries To Sell Fertilizer Unit To Jaypee
http://www.dealcurry.com/2010067-Duncan-Industries-To-Sell-Fertilizer-Unit-To-Jaypee.htm

Jaypee group is planning to buy closed fertilizer plant of Duncans Industries near Kanpur in Uttar Pradesh.The deal if goes through as per rumours, the plant, which has a urea production capacity of 722,000 tonnes per annum, would be hived off into a separate firm and 74% stake in it would be sold to the Jaypee Group for a token consideration of Re1. Duncans would have a put option on its 26% stake in the venture.

------------------------------------------------------------------
5) Vatika Group To Raise Rs 1,000 Cr From Deutsche Bank
http://www.dealcurry.com/2010067-Vatika-Group-To-Raise-Rs-1-000-Cr-From-Deutsche-Bank.htm

Vatika Group is raising Rs.800-1,000 Cr from Deutsche Bank for its upcoming residential project.

The fund will be raised through a special purpose vehicle (SPV) for Vatika’s 1,000-acre plot residential project worth Rs 6,000 Cr ‘Gurgaon-India Next’.
If the deal goes through, Vatika will part finance the project.

------------------------------------------------------------------
6) Mastek Limited To Acquire Companies In US, UK
http://www.dealcurry.com/2010067-Mastek-Limited-To-Acquire-Companies-In-US-UK.htm

Mastek Limited is acquiring companies in North America and UK to expand its presence in the insurance sector. The company is negotiating with 3-4 companies for acquisitions. The deal size is expected to be in the range of $30-50 Mn.

------------------------------------------------------------------
7) Vijay Shanthi Builders Acquires High End Homes For Rs30 Cr
http://www.dealcurry.com/2010067-Vijay-Shanthi-Builders-Acquires-High-End-Homes-For-Rs30-Cr.htm

Vijay Shanthi Builders Ltd (VSBL) has bought High End Homes Pvt Ltd for around Rs.30 Cr.

VSBL has acquired High End Homes mainly for its land bank of 7.5 acre at Ambattur where it is planning to build a Rs 210 Cr residential project with a total area floor space of around 6-7 lakh sft.

Saturday, June 5, 2010

Blog Alert for DEALCURRY - Mergers & Acquisitions, Private Equity, I.P.O. / Offerings, Venture Capital, Real Estate, Regulatory,... , Jun 4, 2010

New Posts to DEALCURRY - Mergers & Acquisitions, Private Equity, I.P.O. / Offerings, Venture Capital, Real Estate, Regulatory,... on Jun 4, 2010:

------------------------------------------------------------------
1) GCPL To Raise Upto $150 Mn To Fund Acquisitions
http://www.dealcurry.com/2010064-GCPL-To-Raise-Upto-150-Mn-To-Fund-Acquisitions.htm

Godrej Consumer Products Ltd is planning to raise upto $150 Mn by diluting 6% stake via QIP. This funds will be use to fund the acquisitions.

GCPL is raising about Rs 3000 Cr for funding acquisitions mainly through debt. The funds were to be raised as and when acquisitions materialise.

------------------------------------------------------------------
2) IFC May Invest $2.25 Mn In Swadhaar MFI For A 20% Stake
http://www.dealcurry.com/2010064-IFC-May-Invest-2-25-Mn-In-Swadhaar-MFI-For-A-20-Stake.htm

IFC may invest $2.25 Mn in Swadhaar FinServe Pvt Ltd for a 20% stake, valuing the MFI close to $11.25 Mn.

Swadhaar Finserve intends to use the funds to expand its operations in Rajasthan and MP.In 2008, Swadhaar raised funding from ACCION Gateway Fund, Micheal & Susan Dell Foundation and Unitus Equity Fund.

------------------------------------------------------------------
3) Reliance Industries To Raise $1 Bn Loan
http://www.dealcurry.com/2010064-Reliance-Industries-To-Raise-1-Bn-Loan.htm

Reliance Industries has announced to raise $1 Bn.

Reliance is raising money to fund its expansion in the KG Basin. Even though the company has a cash balance of around $4.5 bn, the company has decided to raise funds as it was available at competitive price.

Reliance is looking a seven year period loan with below 200 basis points (bps) all-in for which bids are due today.

------------------------------------------------------------------
4) Rabobank May Offload Stake in Yes Bank
http://www.dealcurry.com/2010064-Rabobank-May-Offload-Stake-in-Yes-Bank.htm

Rabobank is planning to offload its 15.9% stake in Yes Bank Ltd, inorder to start its own branch in India.

As per Indian banking regulations, a foreign bank that holds a stake in a domestic bank cannot simultaneously operate a branch network in the country.

Rabobank International Holding BV has started negotiations with investors for its stake sale and may take place in phased manner due to more than one investor.

Friday, June 4, 2010

Blog Alert for DEALCURRY - Mergers & Acquisitions, Private Equity, I.P.O. / Offerings, Venture Capital, Real Estate, Regulatory,... , Jun 3, 2010

New Posts to DEALCURRY - Mergers & Acquisitions, Private Equity, I.P.O. / Offerings, Venture Capital, Real Estate, Regulatory,... on Jun 3, 2010:

------------------------------------------------------------------
1) LICHF To Raise Its First Rs 500 Cr VC Fund
http://www.dealcurry.com/2010063-LICHF-To-Raise-Its-First-Rs-500-Cr-VC-Fund.htm

LIC Housing Finance is raising its first VC fund of around Rs 500 Cr from Sept 2010. LICHF has appointed Arun Goel the former CEO of the VC arm of Dewan Housing Financial as the CEO of LIC Venture Fund.

------------------------------------------------------------------
2) United Phosphorus Acquires DuPont's Fungicide Business
http://www.dealcurry.com/2010063-United-Phosphorus-Acquires-DuPont-s-Fungicide-Business.htm

United Phosphorus Ltd has acquired DuPont's fungicide business.The business includes the global non-mixture mancozeb fungicide business and related assets from DuPont and also includes existing inventory, manufacturing and formulation production facilities in the US.

The deal gives UPL the rights to register brands for non-mixture mancozeb products, trademarks, registration and supporting regulatory data for those products and would help to sell Manzate (fungicide) and its formulations to strengthen its fungicides business in South and Central American markets.

------------------------------------------------------------------
3) GTL Infra May Buy Stake in Reliance Infratel
http://www.dealcurry.com/2010063-GTL-Infra-May-Buy-Stake-in-Reliance-Infratel.htm

GTL Infrastrucutre is planning to partner with Reliance Communications tower business Reliance Infratel for a strategic stake in the partnership.

If the partnership takes place as per rumour, then it plans to transfer the entire assets and liabilities of Reliance Infratel into another independent entity or a special purpose vehicle (SPV), in which GTL will hold 26% and will also have management control. While Anil Ambani group entities will hold 24% stake, with an understanding that their holding will not cross beyond 26%.

------------------------------------------------------------------
4) Hinduja BPO To Acquire Companies In US, UK
http://www.dealcurry.com/2010063-Hinduja-BPO-To-Acquire-Companies-In-US-UK.htm

Hinduja Global Solutions Limited is looking to acquire outsourcing firms in US and UK as a part of its plans to deploy idle cash.

The company is negotiating with 2 companies, one each in US and UK for acquisition. The UK based entity has revenues in the range of Rs 170 Cr, while the US based company's revenues is in the range of Rs 1,000 Cr.

------------------------------------------------------------------
5) HSBC PE Invests Rs 50 Cr In Avitel Post Studioz Ltd
http://www.dealcurry.com/2010063-HSBC-PE-Invests-Rs-50-Cr-In-Avitel-Post-Studioz-Ltd.htm

HSBC PE has invested Rs 50 Cr in Avitel Post Studioz Ltd from its HSBC Asian Ventures Fund 3 Ltd. As a part of the deal, James Savage - a director at HPEA, will join the board of Avitel.

Avitel intends to utilize the fund to establish an export oriented unit for animation and post production services. It will also use the funds to scale up its exisiting facilites and hire around 300 professionals over the next two years.

------------------------------------------------------------------
6) Symphony Service To Buy Proteans Software
http://www.dealcurry.com/2010063-Symphony-Service-To-Buy-Proteans-Software.htm

Symphony Service Corp has announced to acquire Proteans Software Solutions.

Acquisition will help Symphony to strengthen its presence in the small to medium ISV (Independent Software Vendor) space and in product lifecycle and total quality management.

------------------------------------------------------------------
7) Godrej Acquires Argentina Based Argencos
http://www.dealcurry.com/2010063-Godrej-Acquires-Argentina-Based-Argencos.htm

Godrej Consumer Products Ltd has bought 100% stake in Argentinian hair care company Argencos for an undisclosed amount.This is Godrej's second acquisition in Latin in two weeks after it acquired Issue Group.GCPL is also holding talks with private equity majors such as Carlyle and Blackstone and some other private equity players for raising around Rs.600 Cr as part of its overall capital raising plans.