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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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