------------------------------------------------------------------
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.
------------------------------------------------------------------
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.
------------------------------------------------------------------
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.
------------------------------------------------------------------
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.
------------------------------------------------------------------
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.
------------------------------------------------------------------
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.
------------------------------------------------------------------
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).
------------------------------------------------------------------
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.
------------------------------------------------------------------
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.
------------------------------------------------------------------
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.
------------------------------------------------------------------
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.
------------------------------------------------------------------
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
==================================================================
Self storage facilities are cash cows!
http://hasslefreehouses.com/selfstorage
No comments:
Post a Comment