Blog Alert for DEALCURRY - Mergers & Acquisitions, Private Equity, I.P.O. / Offerings, Venture Capital, Real Estate, Regulatory,... , Mar 30, 2012

New Posts to DEALCURRY - Mergers & Acquisitions, Private Equity, I.P.O. / Offerings, Venture Capital, Real Estate, Regulatory,... on Mar 30, 2012:

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1) A2dc Acquires Gurgaon based Mobile Marketing Firm - Mobimasta
http://www.dealcurry.com/20120330-A2dc-Acquires-Gurgaon-based-Mobile-Marketing-Firm-Mobimasta.htm

A2dc has acquired Gurgaon based Mobimasta, a mobile marketing agency.

Anurag Singh founder of Mobimasta has joined as the COO of ad2c.

Founded in 2009 by Anurag Singh, Viraj Singh and Alok Pabalkar, Mobimasta provides end to end mobile marketing services, ranging from creative ideation and development to media buying and campaign implementation.

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2) PTC India Financial Services Sells 14.01% In IEX For R71Cr
http://www.dealcurry.com/20120330-PTC-India-Financial-Services-Sells-14-01-In-IEX-For-R71Cr.htm

PTC India Financial Services has divested 14.01% stake in Indian Energy Exchange for R70.76Cr. The shares were sold at R166.51 each. The identity of the buyer was not disclosed, however Renuka Ramnath's Multiples Alternate Asset Management could be the buyer as it had already obtained FIPB clearance for an investment in IEX.

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3) VenturEast, Zephyr Peacock Invest R30Cr In e2E Rail
http://www.dealcurry.com/20120330-VenturEast-Zephyr-Peacock-Invest-R30Cr-In-e2E-Rail.htm

VenturEast Proactive Fund and Zephyr Peacock have invested R30Cr in Bangalore-based e2E RAIL, a rail services company focusing primarily on signalling, track and electrification sectors in India and overseas markets.

The funds raised will help e2E to ramp up its global presence, training facilities and working capital capacity.

The PE funds also plan to invest an incremental R30Cr in subsequent years.

AGacquisitions & Co  was the exclusive advisor to e2E RAIL on this transaction.

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4) International Papers May Acquire Century Textiles' Paper Biz
http://www.dealcurry.com/20120330-International-Papers-May-Acquire-Century-Textiles-Paper-Biz.htm

US based International Papers may acquire Century Textiles' paper business in India for about R2000Cr.

Last year, it had acquired 53.5% stake in  Andhra Pradesh Paper Mills at R1400Cr. It was at a huge premium to the then CMP of the company. B K Birla promoted Century Textiles manufactures textile products, cement, and pulp and paper products.

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5) DTDC To Expand In West Asia Through Acquisitions
http://www.dealcurry.com/20120330-DTDC-To-Expand-In-West-Asia-Through-Acquisitions.htm

Courier Services provider – DTDC is planning to acquiring a company in West Asia for expansion.

According to BL, the company has set up joint ventures in Canada and China and also planning expansion in Australia in next two years.

DTDC is also planning to strengthen the business by servicing e-commerce and other Cash-on-Delivery (COD) businesses specifically.

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6) DTL Ancillaries Raises $10Mn From India Industrial Growth Fund
http://www.dealcurry.com/20120330-DTL-Ancillaries-Raises-10Mn-From-India-Industrial-Growth-Fund.htm

Pune based customized roll forming firm - DTL Ancillaries Ltd has raised PE funding from India Industrial Growth Fund. India Industrial Growth Fund has committed to invest a total of $10Mn in the company in two tranches for a 26% stake. The first tranche of the investment has been completed.

Yes Bank acted as the exclusive advisor to DTL Ancillaries Ltd.

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7) Lok Capital To Invest $5Mn In IFMR Rural Channels
http://www.dealcurry.com/20120330-Lok-Capital-To-Invest-5Mn-In-IFMR-Rural-Channels.htm

Lok Capital has invested $5Mn in IFMR Rural Channels for an undisclosed stake. These funds will be used for building Kshetriya Gramin Financial Services which offers financial services in remote rural locations, according to ET.

The KGFS portfolio includes savings, remittance, insurance, small-ticket loans and investments using a wealth management approach for low-income consumers. At present there are about five KGFS centres serving 10 districts across Tamil Nadu, Orissa and Uttarakhand.

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Blog Alert for DEALCURRY - Mergers & Acquisitions, Private Equity, I.P.O. / Offerings, Venture Capital, Real Estate, Regulatory,... , Mar 29, 2012

New Posts to DEALCURRY - Mergers & Acquisitions, Private Equity, I.P.O. / Offerings, Venture Capital, Real Estate, Regulatory,... on Mar 29, 2012:

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1) Valiant Mauritius Invests In Shriram Housing Finance
http://www.dealcurry.com/20120329-Valiant-Mauritius-Invests-In-Shriram-Housing-Finance.htm

Valiant Mauritius Partners FDI Limited has invested in Shriram Housing Finance Limited, subsidiary of Shriram City Union Finance according to announcement on BSE.

The terms of the transaction were not disclosed, however Shriram Housing Finance had announced plans to  raise R75Cr from both PE investors and the promoters by diluting 20-22% stake.

Shriram Housing is the mortgage lending arm of Shriram Group. The housing finance business was started with an initial capital of around R15Cr. The company is engaged into asset backed lending, truck finance, personal finance, insurance and real estate.

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2) Elucido Media Networks To Raise Funds For Expansion
http://www.dealcurry.com/20120329-Elucido-Media-Networks-To-Raise-Funds-For-Expansion.htm

Bangalore-based Elucido Media Networks Private Limited is planning to raise Series B funding.

The funds raised will be used to expand sales and marketing operations in South East Asia and US. Earlier in 2009, Elucido raised Series A funding from Trident Capital.

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3) Carlyle Group, TPG Capital May Invest In Fortis Healthcare
http://www.dealcurry.com/20120329-Carlyle-Group-TPG-Capital-May-Invest-In-Fortis-Healthcare.htm

Fortis Healthcare India Limited is planning to raise funds from Carlyle Group and TPG Capital by divesting 15-20% stake in the company.

Fortis promoters - Singh brothers are likely to sell an additional 6.5% through a stock auction, and this may be followed by the 15%-20% placement.

Fortis founders owned 81.48% of the company as at Dec. 31, 2011. They have to cut their stake to follow Indian rules, which state that the public should hold at least 25% of any listed company.

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4) Naturals Beauty To Raise R100Cr PE Funding
http://www.dealcurry.com/20120329-Naturals-Beauty-To-Raise-R100Cr-PE-Funding.htm

Chennai based Unisex Salon - Naturals Beauty Salon India Private Limited is planning to raise R100Cr PE funding for expansion.

The funds raised will be used to expand its number of salons to 1,000 in the next three years.

Founded in 2000 by Veena Kumaravel, Naturals Beauty Salon owns and operates beauty salons under the name 'Naturals'.

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5) Proof of Performance Data Raises Funds From YourNest Angel
http://www.dealcurry.com/20120329-Proof-of-Performance-Data-Raises-Funds-From-YourNest-Angel.htm

YourNest Angel Fund has invested in Proof of Performance Data Services Private Limited. The size of the investment was not disclosed.

The funds raised will be used for infrastructure facilities, product extensions and technology adoption. With this investment PoP will strengthen its technology platform, Earthive.

Subsequent to this investment, Sunil K Goyal - CEO of YourNest Angel has joined the board of Proof of Performance, as a director.

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Blog Alert for DEALCURRY - Mergers & Acquisitions, Private Equity, I.P.O. / Offerings, Venture Capital, Real Estate, Regulatory,... , Mar 28, 2012

New Posts to DEALCURRY - Mergers & Acquisitions, Private Equity, I.P.O. / Offerings, Venture Capital, Real Estate, Regulatory,... on Mar 28, 2012:

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1) Germany Based STEAG To Acquire 5% In Hinduja National Power
http://www.dealcurry.com/20120328-Germany-Based-STEAG-To-Acquire-5-In-Hinduja-National-Power.htm

Germany based energy major STEAG GmBH has agreed to acquire 5% stake in Hinduja National Power Corporation Ltd (HNPCL) through its subsidiary STEAG Energy Services GmbH. According to the agreement between the two entities, STEAG will have the option to invest in future power projects of the group.

Besides, Hinduja group's power sector holding company Hinduja Energy India Ltd is forming JV with STEAG Energy Services (India) Pvt Ltd  for operations and maintenance of various power projects in India.

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2) Essel Group Acquires 10.19% In IVRCL
http://www.dealcurry.com/20120328-Essel-Group-Acquires-10-19-In-IVRCL.htm

Essel Group has acquired 10.19% stake in IVRCL Limited through open market transactions.

Essel Group has acquired the stake through Asian Satellite Broadcast Pvt Ltd and Jay Properties Pvt Ltd.

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3) Phillip Capital To Acquire MF Global Sify Securities India
http://www.dealcurry.com/20120328-Phillip-Capital-To-Acquire-MF-Global-Sify-Securities-India.htm

Singapore based Phillip Capital is acquiring MF Global's India broking business in an all cash deal. The transaction is subject to regulatory and statutory approvals in the respective countries.

MF Global Sify Securities India is a 70:30JV between MF Global and Sify Technology Ltd. It has been on the block after it's parent MF Global Holdings filed for bankruptcy protection in October last year.

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4) IIMjobs Raises Funding From One97 Communication, India Venture Partners
http://www.dealcurry.com/20120328-IIMjobs-Raises-Funding-From-One97-Communication-India-Venture-Partners.htm

IIMjobs.com, job portal for MBAs has raised seed funding from One97 Communications, India Venture Partners, Pallav Nadhani, Abhishek Rungta, Anand Lunia, Shailesh Vickram Singh, Sachin Garg and others.

The funds raised will be used to develop the platform and to build a customer facing team. The company is ramping up the engineering team to build tools to help recruiters and jobseekers find each other.

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5) Readymade Steel India Acquires Singapore Based KH Forge
http://www.dealcurry.com/20120328-Readymade-Steel-India-Acquires-Singapore-Based-KH-Forge.htm

Mumbai based Readymade Steel India has acquired majority stake Singapore based building and construction firm - KH Forge Pte Limited. The terms of the the transaction were not disclosed.

This acquisition will help the firm enter the specialised segment of foundation engineering.

KH Forge specializes in bored cast in-place concrete piling and driven piling foundation work, providing complete services including design, supply, construction and project management. It is registered as a Specialist Builder with the Building and Construction Authority Singapore. It has revenues of about R300Cr and an outstanding order book of an equivalent amount.

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Blog Alert for DEALCURRY - Mergers & Acquisitions, Private Equity, I.P.O. / Offerings, Venture Capital, Real Estate, Regulatory,... , Mar 27, 2012

New Posts to DEALCURRY - Mergers & Acquisitions, Private Equity, I.P.O. / Offerings, Venture Capital, Real Estate, Regulatory,... on Mar 27, 2012:

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1) L&T Finance Acquires Fidelity's India MF Business
http://www.dealcurry.com/20120327-L-T-Finance-Acquires-Fidelity-s-India-MF-Business.htm

L&T Finance Ltd is acquiring FIL Fund Management Private Limited (Fidelity AMC) & FIL Trustee Company Private Limited, the companies carrying on the mutual fund business of Fidelity in India. The deal is subject to regulatory approvals.

Lazard was the financial advisor to L&T Finance in the transaction, while JP Morgan advised Fidelity.

Fidelity had picked five potential buyers for its India mutual fund assets. Reliance Mutual Fund, HDFC Mutual, Pramerica and Birla Sunlife from a list of 22 bidders.

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2) Mitsubishi Pencils Acquires 13.5% In Linc Pens For R20Cr
http://www.dealcurry.com/20120327-Mitsubishi-Pencils-Acquires-13-5-In-Linc-Pens-For-R20Cr.htm

Linc Pen & Plastics has announced that Mitsubishi Pencil Co Ltd is investing R20Cr in the company as a part of it's Business and Capital Alliance Agreement. This transaction will give Mitsubishi a 13.5% stake in the stationary products manufacturer.

Linc Pen & Plastics is issuing 2 million shares at a price of R100 each, which translates to a premium of 110% on it's closing price of R47.55 on March 27. This deal values Linc Pens at R148Cr i.e 13.2x trailing 12-months EBITDA and 49x its net profit.

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3) Nirvana Venture Advisors Acquires 10% In Games2Win
http://www.dealcurry.com/20120327-Nirvana-Venture-Advisors-Acquires-10-In-Games2Win.htm

Nirvana Venture Advisors has acquired 10% stake in online gaming company - Games2Win from it's early stage investors - Nexus Venture Partners and ICICI Ventures. Some senior employees of the company have also sold some shares to the new investor.

As part of the transaction, Amit Patni, co-founder of Nirvana Venture Advisors, will join the Games2win Board.

Founded in 2007 by Alok Kejriwal and Mahesh Khambadkone, Games2win India Private Limited had raised $5.5 Mn in Series A funding from Clearstone and Silicon Valley in 2007. It then raised Series B funding of $6 Mn from existing investors Clearstone Venture Partners and Silicon Valley Bank (SVB India Capital Partners) in March'11.

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4) Cloud Telephony Startup - Exotel Raises Funding From Mumbai Angels & Blume Ventures
http://www.dealcurry.com/20120327-Cloud-Telephony-Startup-Exotel-Raises-Funding-From-Mumbai-Angels-Blume-Ventures.htm

Bangalore based cloud telephony startup - Exotel has raised R2.5Cr Series A funding from Mumbai Angels and Blume Ventures. The investors will take a 25% stake in the company, valuing the startup at R10Cr.

Exotel offers a number to a company on which they can receive & make lots of calls & SMS, all at the same time without having to invest in any infrastructure. The product is a dashboard with Sales tools, Marketing tools, Customer support tools, Business intelligence, analytics etc, i.e. all tools necessary for an enterprise to run their business smoothly over Voice & SMS. Exotel currently has over 65 clients and makes revenues of 4 lakhs per month.

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5) SEL Manufacturing Acquires Omega Hotels
http://www.dealcurry.com/20120327-SEL-Manufacturing-Acquires-Omega-Hotels.htm

SEL Manufacturing Company Limited has acquired 99.88% stake in Omega Hotels Ltd and 51.09% stake in SEL Aviation.

Pursuant to this acquisition, both Omega Hotels and SEL Aviation has become the subsidiary company of SEL Manufacturing Company.

Omega Hotels Ltd. is implementing a Hotel Project at Agra in the State of Uttar Pradesh and SEL Aviation Pvt. Ltd. is in the business of Aviation Services and holds a Non-Scheduled Operator's Permit under the Director General of Civil Aviation.

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6) Future Group May Acquire NCR Based Big Apple Chain Of Grocery Sores
http://www.dealcurry.com/20120327-Future-Group-May-Acquire-NCR-Based-Big-Apple-Chain-Of-Grocery-Sores.htm

Future Group may acquire NCR based Big Apple chain of food and grocery stores, reports BS. Though the exact valuation is not known, the final deal size could be close to R250Cr.

Big Apple Chain is owned by Express Retail Services Ltd, a joint venture of Lalwani Holdings and the Chaurasia Group. The company started operations in 2005. It had also planned to open 100 stores by August, 2007, by expanding in Karnataka and Gujarat. But the plans did not go through. It currently operates 65 stores in and around NCR.

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7) Sasha Mirchandani Raises Funds From Sequoia, SAIF & Omidyar For His VC Fund
http://www.dealcurry.com/20120327-Sasha-Mirchandani-Raises-Funds-From-Sequoia-SAIF-Omidyar-For-His-VC-Fund.htm

Mumbai-based KAE Capital has raised funds for it's $25 Mn Maiden fund.

According to Mint, one-fifth of $25 Mn is contributed by Sequoia Capital, SAIF Partners, Omidyar Network and unnamed firm.

The other investors in the fund include Axiom, Squadron Capital and Morgan Creek Capital Management and high net worth individuals - Manish Kejriwal (Managing Partner -Kedaara Capital), Deep Kalra (founder of MakeMyTrip), Naveen Tewari (founder of InMobi).

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8) SIDBI To Invest In CashPor Micro Credit
http://www.dealcurry.com/20120327-SIDBI-To-Invest-In-CashPor-Micro-Credit.htm

SIDBI may provide R5Cr fresh capital to Varanasi-based CashPor Micro Credit for expanding it's business.

According to ET, SIDBI has has committed 30% of its R100Cr microfinance development fund - India Microfinance Equity Fund (Read this) to some of the country's poorest microfinance companies, which are yet to get significant commercial funding post the liquidity crisis of 2010-11.

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9) Michael & Susan, Bellweather May Exit Ujjivan Financial
http://www.dealcurry.com/20120327-Michael-Susan-Bellweather-May-Exit-Ujjivan-Financial.htm

The Michael & Susan Foundation and Bellweather Microfinance is planning to exit Ujjivan Microfinance, according to ET.The investors are planning to sell their shares at R57 apiece and existing investor Lok Capital and an unnamed venture capital firm may be interested in acquiring the stake.

Michael & Susan Foundation invested in Ujjivan in June 2006 for 13.48% stake.

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10) HealthCare Global To Raise R50Cr PE Funding
http://www.dealcurry.com/20120327-HealthCare-Global-To-Raise-R50Cr-PE-Funding.htm

HealthCare Global Enterprise Limited is planning to raise R50Cr PE funding for expansion.

The company is planning to expand its network from the present 26 centres to 40 centres by the year 2014 for an investment of R100Cr.

HCG is planning to invest R50Cr from internal accruals, while rest will be raised through PE route.

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11) CX Partners To Invest R200Cr In Sutures India
http://www.dealcurry.com/20120327-CX-Partners-To-Invest-R200Cr-In-Sutures-India.htm

CX Partners is investing upto R200Cr in Bangalore based Sutures India for a 40% stake. According to ToI,CX Partners will buyout Evolvence Life Sciences Fund's stake and may also buy part of the promoter's stake in the company. The deal is subject to FIPB approval.

Bangalore-based, Sutures India is a manufacturer and exporter of all types of surgical sutures like absorbable sutures and nonabsorbable sutures. It manufactures absorbable and non-absorbable sutures, surgical tapes, gloves, surgical needles, skin staplers among other products.

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Blog Alert for DEALCURRY - Mergers & Acquisitions, Private Equity, I.P.O. / Offerings, Venture Capital, Real Estate, Regulatory,... , Mar 26, 2012

New Posts to DEALCURRY - Mergers & Acquisitions, Private Equity, I.P.O. / Offerings, Venture Capital, Real Estate, Regulatory,... on Mar 26, 2012:

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1) KKR Hires CitiGroup's Tashwinder As Director At India Operations
http://www.dealcurry.com/20120326-KKR-Hires-CitiGroup-s-Tashwinder-As-Director-At-India-Operations.htm

Kohlberg Kravis Roberts & Co LP has hired Tashwinder Singh as director at KKR India.

Tashwinder Singh  joins KKR after serving over 18 years at Citigroup India. KKR said Singh will be tasked with identifying and developing strategic partnerships to grow its private equity and non-banking financial company operations in India.

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2) Warburg Pincus Exits Kotak Mahindra Bank
http://www.dealcurry.com/20120326-Warburg-Pincus-Exits-Kotak-Mahindra-Bank.htm

Warburg Pincus has exited Kotak Mahindra by selling it's residual 3.6% stake in the company for R1404Cr.

According to a report on FoxBusiness, about 26.5Mn shares of Kotak Mahindra Bank Ltd. were sold at R530 apiece in a block deal on the BSE.

Warburg Pincus had part exited Kotak by selling 17.5Mn shares at a price of R490 per share aggregating to R857.5Cr in February this year.

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3) TRF Acquires 49% Stake In York Transport Equipment
http://www.dealcurry.com/20120326-TRF-Acquires-49-Stake-In-York-Transport-Equipment.htm

TRF Limited is acquiring balance 49% stake in Singapore  based York Transport Equipment Asia Pte Limited for SGD 22.17 Mn.

In Oct 2007, TRF Ltd had acquired 51% stake in York Transport from Bakers Technology Limited through it's wholly owned subsidiary, TRF Singapore Pte. Ltd. and had also entered into a Call & Put Option Agreement for acquisition of balance 49% of equity shares.

TRF exercised the call option to acquire 12.36Mn shares, representing 49% stake for purchase consideration of SGD 22.17 Mn.

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4) Omidyar Network Invests In EnglishHelper And Akshara Foundation
http://www.dealcurry.com/20120326-Omidyar-Network-Invests-In-EnglishHelper-And-Akshara-Foundation.htm

Omidyar Network has announced investments in two startups. It has made a $950,000 three-year grant to Akshara Foundation, a Bangalore-based public charitable trust focused on education and has acquired an undisclosed equity stake in Delhi-based English language training solutions company EnglishHelper.

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5) IFC, GEF Clean Energy Fund To Invest $4.5Mn In Kalki Communication
http://www.dealcurry.com/20120326-IFC-GEF-Clean-Energy-Fund-To-Invest-4-5Mn-In-Kalki-Communication.htm

Bangalore based IT services firm - Kalki Communication Technologies Pvt Ltd is raising $4.50Mn from IFC and GEF South Asia Clean Energy Fund, L.P for new product development and to grow the company's business development capabilities in new and existing markets.

IFC may invest $1.35Mn through quasi-equity or convertible instruments, while the balance $3.15Mn will be invested by GEF South Asia Clean Energy Fund.

Additionally, IFC & GEF may finance a second round of $2Mn and third round of $5Mn equity for use in further business development activities.

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6) Jindal Poly Films To Divest 60% in French Subsidiary - Jindal France SAS
http://www.dealcurry.com/20120326-Jindal-Poly-Films-To-Divest-60-in-French-Subsidiary-Jindal-France-SAS.htm

Jindal Poly Films Limited, a part of R3000Cr BC Jindal Group is divesting 60% in Jindal France SAS.

Pursuant to this disinvestment, Jindal France SAS and Rexor S.A. will cease to be subsidiaries of the company.

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7) NSR Partners May Invest In Adigas Restaurant Chain
http://www.dealcurry.com/20120326-NSR-Partners-May-Invest-In-Adigas-Restaurant-Chain.htm

New Silk Route Partners may invest in South Indian vegetarian restaurant and fast food chain - Adiga. The valuation could be about R200Cr.

According to ToI, post transaction, the PE investor could emerge as the largest shareholder but the promoter family would continue to manage the growing business.

The funds will be used for expanding it's network across the country.

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Blog Alert for DEALCURRY - Mergers & Acquisitions, Private Equity, I.P.O. / Offerings, Venture Capital, Real Estate, Regulatory,... , Mar 23, 2012

New Posts to DEALCURRY - Mergers & Acquisitions, Private Equity, I.P.O. / Offerings, Venture Capital, Real Estate, Regulatory,... on Mar 23, 2012:

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1) Copthall Mauritius Acquires Additional Stake In LIC Housing
http://www.dealcurry.com/20120323-Copthall-Mauritius-Acquires-Additional-Stake-In-LIC-Housing.htm

Copthall Mauritius Investment Ltd has acquired additional stake in LIC Housing Finance through open market transaction from CLSA.

According to block deal data available on the stock exchanges, Copthall Mauritius Investments purchased 16,039,061 shares of LIC Housing Finance for R255.35 a piece, valuing the transaction at R409.55Cr from the open market.

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2) Helion Ventures Raises $225 Mn Fund
http://www.dealcurry.com/20120323-Helion-Ventures-Raises-225-Mn-Fund.htm

Helion Ventures Partners has raised $225 Mn third fund.

The fund will invest in technology powered startups across sectors including internet, mobile and technology products, and also selective exposure to the consumer services space.

The fund will invest between $2Mn and $10Mn and with an investment horizon of 5-7 years.

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3) Dhanlaxmi Bank May Exit Destimoney, Sell 15% Stake
http://www.dealcurry.com/20120323-Dhanlaxmi-Bank-May-Exit-Destimoney-Sell-15-Stake.htm

Dhanlakshmi Bank is planning to exit by selling its 15% stake in Destimoney Securities Private Limited.

The bank is planning to sell stake after the Reserve Bank of India raised objection to the old-generation private sector bank being categorised as the dominant promoter group.

In 2010, Dhanlaxmi Bank acquired 15 % stake in Destimoney Securities for R13Cr.

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4) Naturex Acquires Natural Colors Producer - Valentine Agro
http://www.dealcurry.com/20120323-Naturex-Acquires-Natural-Colors-Producer-Valentine-Agro.htm

Plant-based ingredients supplier - Naturex has acquired Mumbai based natural colors producer Valentine Agro Limited. The terms of the transaction were not disclosed.

This acquisition is a part of Naturex's strategy of acceleration of its development by targeting dynamic markets with high potential for growth and that provide synergies for the group.

According to the press release, with this acquisition Naturex will become a local producer in India and will ensure promotion for all of the Group's product ranges while benefiting from the existing commercial structure and to develop close relations with the Indian food industry.

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5) Advent To Acquire Majority Stake In Care Hospitals
http://www.dealcurry.com/20120323-Advent-To-Acquire-Majority-Stake-In-Care-Hospitals.htm

Advent International may acquire majority stake in Hyderabad-based – Care Hospitals Private Limited, a hospital chain.

Rakesh Jhunjhunwala, Nimmagadda Prasad - founder of Matrix Labs and UK-based Ashmore together hold about 80% in the hospital and the remaining is held by management, according to BS.

Founded in 1997 by B. Soma Raju, Care Hospitals is a multi-specialty hospital chain comprising of 1600 beds across 12 hospitals. It has presence in Bhubhaneswar, Nagpur, Secundarabad Surat and Vizag.

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6) Thermax Acquires Germany Based Rifox Hans Richter
http://www.dealcurry.com/20120323-Thermax-Acquires-Germany-Based-Rifox-Hans-Richter.htm

Pune based Thermax Ltd has acquired the steam division of Virgo Valves and Controls Ltd and its German Subsidiary- Rifox Hans Richter GmbH for R12.39Cr. Virgo Valves and Controls Ltd was incorporated as a 100% EOU in 2004 as a wholly owned subsidiary of Virgo Engineers Ltd.  Headquartered in Bremen, Germany, Rifox has a tradition of over 60 years in manufacturing steam efficiency products for a wide range of industries. Its core products are various types of steam traps and vent valves, with highest pressure up to 250 kg/cm2 and temperature up to 530º C.

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Blog Alert for DEALCURRY - Mergers & Acquisitions, Private Equity, I.P.O. / Offerings, Venture Capital, Real Estate, Regulatory,... , Mar 22, 2012

New Posts to DEALCURRY - Mergers & Acquisitions, Private Equity, I.P.O. / Offerings, Venture Capital, Real Estate, Regulatory,... on Mar 22, 2012:

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1) B Braun To Acquire 26% In Ahlcon Parenterals
http://www.dealcurry.com/20120322-B-Braun-To-Acquire-26-In-Ahlcon-Parenterals.htm

B Braun Singapore Pte Ltd is acquiring 26% in New Delhi based Ahlcon Parenterals (India) Ltd through an open offer.

B Braun will acquire 1,872,039 equity shares from the shareholders of Ahlcon Parenterals at a price of R460 per share.

Deutsche Equities India Pvt Ltd has been appointed as Manager to the Open Offer.

According to the filing on BSE, the acquisition is proposed to be in range of 49% to 70.49%.

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2) GE To Acquire Majority Stake In Advanced Systek
http://www.dealcurry.com/20120322-GE-To-Acquire-Majority-Stake-In-Advanced-Systek.htm

General Electric Co is acquiring majority stake in Baroda based automation systems and flow metering solutions provider - Advanced Systek Private Limited. Financial details of the transaction were not disclosed.

The transaction will enhance GE's ability to offer solutions to customers in regions such as South Asia and the Middle East. Under the terms of the transaction, the senior management team of Advanced Systek will continue to serve as directors and will work with GE to utilize their industry expertise to help the business grow

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3) Muthoot Finance Promoter's To Dilute 10% Stake
http://www.dealcurry.com/20120322-Muthoot-Finance-Promoter-s-To-Dilute-10-Stake.htm

Promoters of Muthoot Finance Limited is planning to raise funds by diluting 10% stake for expansion activites.

The company is looking at raising R500-600Cr in the combination of debt and equity; with plans to add another 300-400 branches in the next fiscal.

Currently, Promoters and promoter group together hold 80.12% stake in the company.

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4) Gurgaon Based AllSchoolStuff Raises Angel Funding
http://www.dealcurry.com/20120322-Gurgaon-Based-AllSchoolStuff-Raises-Angel-Funding.htm

Gurgaon based AllSchoolStuff.com, online retail store for all school, learning and educational needs has raised angel funding from Angel Investors Consortium.

The funds raised will be used for setting up infrastructure, expanding the team, customer acquisition and streamlining the supply chain.

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5) Ultratech Cement May Acquire Adhunik MSP Cement's Meghalaya Plant
http://www.dealcurry.com/20120322-Ultratech-Cement-May-Acquire-Adhunik-MSP-Cement-s-Meghalaya-Plant.htm

Ultratech Cement may acquire Adhunik MSP Cement's Meghalaya plant for over R700Cr. Ultratech cement is interesting to buy the plant to increase it's presence in the North eastern market.

According to a report on ET, due diligence for the unit located at the limestone-rich Jaintia Hills has been completed and the fate of the deal hinges on the availability of some statutory no-objection certificates as mining leases and environmental clearances are prerequisites for any large manufacturing transactions in the North-East.

Also there is an another MNC possibly Lafarge is also interested in acquiring the cement plant as it is facing some environmental opposition in setting up a 1.1 Mn tonne cement unit at Jaintia Hills and may go for a readymade unit.

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6) Blackstone, Bain Capital May Buyout Euronet India ATM Biz
http://www.dealcurry.com/20120322-Blackstone-Bain-Capital-May-Buyout-Euronet-India-ATM-Biz.htm

Blackstone Group and Bain Capital are planning to buyout the Euronet Services India Private Limited - Indian ATM business of Euronet Worldwide Inc.

According to ET, Euronet's electronic financial transaction segment is facing profitability pressures due to steady climb in costs, with a substantial portion of the business of ATMs coming from India, it plans to sell the unit.

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7) KEPCO Acquires 40% Stake In Pioneer Gas Power For R500Cr
http://www.dealcurry.com/20120322-KEPCO-Acquires-40-Stake-In-Pioneer-Gas-Power-For-R500Cr.htm

South Korea based Korea Electric PowerCorp is acquiring 40% stake in Pioneer Gas Power, which is setting up a 388 MW gas-based power plant in Maharashtra. The deal size could be around R500Cr.

According to a report on ET, KEPCO will buy the stake through it's subsidiary KOWEPO. It will pick up around 23% in the first tranche and the balance later. The financial closure will be completed through a consortium of nine banks, with IFCI being the lead institution.

Singapore based vTrium Energy is the transaction advisor and Lodha Capital Markets is advising Pioneer Gas Power on the deal.

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8) Parsvnath Developers To Raise R120Cr From Kotak Realty Fund
http://www.dealcurry.com/20120322-Parsvnath-Developers-To-Raise-R120Cr-From-Kotak-Realty-Fund.htm

Kotak Realty Fund is investing R120Cr for a 20% stake in Parsvnath Developers' SPV, which will develop township project in Gurgoan.In January 2011, Parsvnath Buildwell Private Ltd raised R100Cr from SUN-Apollo India Real Estate Fund LLC by diluting 49.9% stake, to fund its residential project in Ghaziabad. Last year in May, it raised $30Mn from JP Morgan for it's residential project - La Tropicana.

According to ET, the project is 100-acre integrated township project on Sohna Road in Gurgaon. It will be largely residential in nature with some commercial and retail developments, and will be launched in the next two months.

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Blog Alert for DEALCURRY - Mergers & Acquisitions, Private Equity, I.P.O. / Offerings, Venture Capital, Real Estate, Regulatory,... , Mar 21, 2012

New Posts to DEALCURRY - Mergers & Acquisitions, Private Equity, I.P.O. / Offerings, Venture Capital, Real Estate, Regulatory,... on Mar 21, 2012:

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1) Australia Based Amcor Acquires Uniglobe Packaging
http://www.dealcurry.com/20120321-Australia-Based-Amcor-Acquires-Uniglobe-Packaging.htm

Australia based Amcor Ltd has acquired Uniglobe Packaging Private Limited, a packaging firm for $20.7Mn to expand market in India .

With this deal, Amcor will increase its facility in India from three to five plants.

Founded in 1999, Uniglobe Packaging provides packaging for the food, personal care and health sectors. Its clients include Hindustan Unilever and Cadbury India.

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2) GVK Power To Sell Stake In Alpha Coal Project To Raise Funds
http://www.dealcurry.com/20120321-GVK-Power-To-Sell-Stake-In-Alpha-Coal-Project-To-Raise-Funds.htm

GVK Power & Infrastructure is planning to sell stake in Alpha coal project and related port and rail assets in Australia to raise funds for $10Bn cost of the projects.

According to Paul Mulder, chief executive of Hancock Coal, the Australian arm of GVK, the process is under way, with Macquarie advising on the sale of the infrastructure stake while Citi is advising on the sale of the mine stake.

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3) Lodha Developer's Subsidiary - Lodha Dwellers To Raise R100Cr Via NCD Issue
http://www.dealcurry.com/20120321-Lodha-Developer-s-Subsidiary-Lodha-Dwellers-To-Raise-R100Cr-Via-NCD-Issue.htm

Lodha Dwellers Private Limited is planning to raise R100Cr through NCD by issuing 100 Secured Redeemable NCDs of face value of R1Cr each.

Lodha Dwellers Pvt Ltd (LDPL) was established in 2005 and is a 100% subsidiary of the Lodha Developers Ltd.  Lodha Dwellers is a special purpose vehicle through which currently four projects are being executed, namely, Casa Rio, Casa Bella, Casa Bella Gold and Golf Links.

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4) Germany's Gruner + Jahr Acquires Networkplay Media
http://www.dealcurry.com/20120321-Germany-s-Gruner-Jahr-Acquires-Networkplay-Media.htm

Germany based Gruner + Jahr has acquired Networkplay Media Private Limited, which operates a digital ad network.

Founded in 2008 by Rammohan Sundaram, Sunil Punjabi, Ampreet Singh and Viren Anand - a team of ex-Yahoo India employees.  The company offers online advertising services and publishes a digital marketing site imediaconnection.in.

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5) CLSA Acquires 7.63% Stake In Prajay Engineers
http://www.dealcurry.com/20120321-CLSA-Acquires-7-63-Stake-In-Prajay-Engineers.htm

CLSA Mauritius Ltd has acquired 7.63% stake in Hyderabad based real estate company – Prajay Engineers Syndicate Limited for R5.07Cr through open market transaction.

CLSA Mauritius bought 5336134 shares at a price of R9.5 per share from Merlin Securities – subsidiary of Legatum Capital on NSE.

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6) Mahindra Satyam Merges With Tech Mahindra
http://www.dealcurry.com/20120321-Mahindra-Satyam-Merges-With-Tech-Mahindra.htm

Satyam Computer Services Limited or Mahindra Satyam is merging with it's parent entity Tech Mahindra Limited.

According to the filing on BSE, the exchange ratio for the shares has been fixed as 2:17 i.e 2 shares of Tech Mahindra to be issued for 17 shares of Mahindra Satyam.

On a pro-forma basis, the Mahindra Group will own 26.3% stake in the combined entity, British Telecom will own 12.8%, 10.4% will be held as treasury stock,34.4% will be with the public shareholders of Mahindra Satyam and the balance 16.1% stake will be held by the public share holders of Tech Mahindra.

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7) Coffee Day Resorts To Issue NCDs To Raise Upto R75Cr
http://www.dealcurry.com/20120321-Coffee-Day-Resorts-To-Issue-NCDs-To-Raise-Upto-R75Cr.htm

Coffee Day Resorts Private Limited is raising R75Cr through NCDs with tenure of 18 months.

Coffee Day Resorts Private Limited is a privately held company of the Cafe Coffee Day group (CCD). The CCD group has several other businesses in the consumer and infrastructure sectors. Cafe Coffee Day is a division of India's largest coffee conglomerate, the Amalgamated Bean Coffee Trading Company Limited.

Promoter - V. G. Siddhartha and family holds approximately 71.4% stake in Coffee Day Resorts, around 10.7% each is held by KKR and NSR partners, and 7.14% is held by Standard Chartered Private Equity.

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Self storage facilities are cash cows!
http://hasslefreehouses.com/selfstorage