Blog Alert for DEALCURRY - Mergers & Acquisitions, Private Equity, I.P.O. / Offerings, Venture Capital, Real Estate, Regulatory,... , Apr 13, 2012

New Posts to DEALCURRY - Mergers & Acquisitions, Private Equity, I.P.O. / Offerings, Venture Capital, Real Estate, Regulatory,... on Apr 13, 2012:

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1) Trimax Raises R100Cr From Aditya Birla Capital
http://www.dealcurry.com/20120413-Trimax-Raises-R100Cr-From-Aditya-Birla-Capital.htm

Aditya Birla Capital Advisors has invested R100Cr in Mumbai-based Trimax IT Infrastructure And Services Ltd.

The deal will see a partial exit for BanyanTree Growth Capital I, which invested in the company in 2009 for 10% stake. The terms of the deal were not yet disclosed.

Desai and Diwanji were the advisors to Aditya Birla PE Fund.

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2) eClerx Acquires US Based KPO - Agilyst Inc
http://www.dealcurry.com/20120413-eClerx-Acquires-US-Based-KPO-Agilyst-Inc.htm

eClerx Services Limited has acquired US based Agilyst Inc, a KPO company through its overseas subsidiary eClerx Investments Ltd.

Post acquisition, Agilyst's management team will continue to manage day-to-day operations and the company will operate as wholly owned subsidiary of eClerx.

The consideration for the acquisition will be all cash and includes a substantial earn out component based on Agilyst's future performance. The transaction will be funded from eClerx's internal resources and there is no intention to raise any incremental capital.

Avendus Capital was the advisor to eClerx on the transaction while MAPE Advisory Group was the advisor for Agilyst.

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3) GSK, Teva May Acquire Micro Labs' India Business
http://www.dealcurry.com/20120413-GSK-Teva-May-Acquire-Micro-Labs-India-Business.htm

Glaxosmithkline and Teva Pharma are planning to buy Bangalore-based Micro Labs' India business.

According to BS, both the companies are in separate discussions to acquire the domestic business of Micro Labs. Nomura is advising Micro Labs on the deal.

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4) Sudhir Valia To Invest In Fortune Financial Services
http://www.dealcurry.com/20120413-Sudhir-Valia-To-Invest-In-Fortune-Financial-Services.htm

Sudhir Valia, Executive director of Sun Pharmaceuticals is planning to 20% stake in Fortune Financial Services India Limited.
  

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5) Asia Motor Works To Raise $100Mn For Expansion
http://www.dealcurry.com/20120413-Asia-Motor-Works-To-Raise-100Mn-For-Expansion.htm

Asia Motor Works Limited is planning to raise $100 Mn for expansion through a mix of debt and equity.

According to ET, the funds will enable the company to build capacity to make new cabs, next generation trucks and expand manufacturing. The truck maker proposes to produce cabins locally, which were so far imported and assembled.

Asia Motor Works has recently acquired FamilyCredit Limited in an all cash deal. FamilyCredit was a wholly-owned subsidiary of Societe Generale Consumer Finance, a division of the Specialised Financial Services of Societe Generale Group, France. It offers auto loans, two wheeler loans and loyalty loans.

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Blog Alert for DEALCURRY - Mergers & Acquisitions, Private Equity, I.P.O. / Offerings, Venture Capital, Real Estate, Regulatory,... , Apr 12, 2012

New Posts to DEALCURRY - Mergers & Acquisitions, Private Equity, I.P.O. / Offerings, Venture Capital, Real Estate, Regulatory,... on Apr 12, 2012:

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1) Pragati India Fund Invests $5Mn In Water Treatment Firm - Jash Engineering
http://www.dealcurry.com/20120412-Pragati-India-Fund-Invests-5Mn-In-Water-Treatment-Firm-Jash-Engineering.htm

Pragati India Fund has invested $5Mn in Indore based Jash Engineering Ltd. It will used the funds to expand capacity, strengthen the exports business and partner municipalities to generate clean power from residual water.

Jash Engineering Ltd was founded in 1973 by Navin Patel and Laxmi Nandan Amin to manufacture a variety of engineering products, including water control gates, valves, fine and coarse screens, cast iron castings, decanters and valves.

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2) Japan Pulp And Paper Acquires 49% In KCT Trading
http://www.dealcurry.com/20120412-Japan-Pulp-And-Paper-Acquires-49-In-KCT-Trading.htm

Japan Pulp And Paper Company Limited has acquired 49% stake in Kolkata based KCT Trading Private Limited.

The acquisition will enable the JPP Group to strengthen its sales network in the Indian paper market. The sale of a minority stake to an international paper trading Company will provide KCT more cost effective and broad based sourcing opportunities, as well as the impetus to continue its growth in the Indian market.

Langham Capital acted as financial advisors to KCT Trading on this deal.

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3) Region Holdings To Invest In Real Estate, BFSI & IT Space
http://www.dealcurry.com/20120412-Region-Holdings-To-Invest-In-Real-Estate-BFSI-IT-Space.htm

Regions Holding is planning to acquire NBFC for around $10 Mn. The PE fund has shortlisted some from the southern and western parts of the country that focus on lending to small and medium enterprises and students.

Regions Holding has also planned to invest upto $150 MN across real estate, construction, technology and financial services sector in India. The fund has already made its first investments, but the company name is undisclosed.

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4) US Based Elliott Management Corp Divests Patni Computers' Stake
http://www.dealcurry.com/20120412-US-Based-Elliott-Management-Corp-Divests-Patni-Computers-Stake.htm

New York-based hedge fund Elliott Management Corp has divested 10.46% stake in Patni Computer Systems Limited for about R700Cr.

Elliot, which manages assets worth $17 Bn, bought Patni stock through its Mauritius registered investment arms, Mansfield Ltd and Suffolk Ltd, which made some 70-odd transactions on BSE and NSE in November and December. Elliott has been buying small chunks of Patni Computer Systems since October.

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5) Insieve Raises Funds From Ojas Ventures, Blume Ventures
http://www.dealcurry.com/20120412-Insieve-Raises-Funds-From-Ojas-Ventures-Blume-Ventures.htm

Inseive has raised angel funding led by Ojas Ventures and Blume Ventures.

Post funding, Gautam Balijepalli and Rajesh Srivathsa will join the Insieve board and Karthik Reddy of Blume Ventures will serve an observer.

Insieve, the company behind Dhiti product is a sharing network that learns what you share (within your network) and recommends content based on one’s reading behavior (as well as from the network).

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6) Mitsui Sumitomo Acquires New York Life Stake In Max New York Life
http://www.dealcurry.com/20120412-Mitsui-Sumitomo-Acquires-New-York-Life-Stake-In-Max-New-York-Life.htm

Japan based MS&AD Insurance Group has bought out New York Life Insurance's 26% stake in Max New York Life, a JV between New York Life and Max India. The deal size is estimated to be about R2700Cr, according to ET.

According to the deal structure, New York Life sold part of its 26% stake directly to Mitusi Sumitomo and partly to Max India, which in turn sold a part to the Japanese partner.

Mitsui Sumitomo Insurance Co will gain representation on the board of Max New York Life Insurance Co and run the unit with Max India Ltd group. The deal is expected to close in the first half of the year, pending approval from Indian authorities.

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7) Trafigura To Invest $130 Mn In Nagarjuna Oil
http://www.dealcurry.com/20120412-Trafigura-To-Invest-130-Mn-In-Nagarjuna-Oil.htm

Trafigura is investing $250 Mn in Nagarjuna Oil Corporation Limited.

Of the total investment, $130 Mn will be invested as equity, while the rest will be invested for developing storage facility.

The new refinery and storage project will be located on the east coast of India, and will be able to receive supertankers, which typically can load up to 2 million barrels of oil.

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8) India Hospitality Group Acquires Adelie Food Group
http://www.dealcurry.com/20120412-India-Hospitality-Group-Acquires-Adelie-Food-Group.htm

India Hospitality Corp has acquired UK based Adelie Food Group from Duke Street Capital.

With this deal, IHC will be able strengthen its presence internationally and plans to make packaged food readily available for Indian consumers to buy from supermarkets and even from some mom-and-pop stores.

Formed in 2006 by PE firm Duke Star Capital, Adelie Food supplies quiches, salads, sandwiches and assorted ready-toeat food to retail chains such as Starbucks coffee and Sainsbury's supermarkets. The company is a supplier to Cafe Coffee Day and Costa Coffee.

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9) Unitus Seed Fund Invests In Chennai Based VillGro Innovation Marketing
http://www.dealcurry.com/20120412-Unitus-Seed-Fund-Invests-In-Chennai-Based-VillGro-Innovation-Marketing.htm

Chennai based Villgro Innovation Marketing Private Limited has raised seed series investment from US-based investment firm Unitus Seed Fund and a group of angel investors to further expand its operations in South India.

Villgro will use the funds to expand distribution operations, increase product portfolio, build internal systems and management capability.

Unitus Capital acted as a financial advisor to Unitus Seed Fund on this investment.

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Blog Alert for DEALCURRY - Mergers & Acquisitions, Private Equity, I.P.O. / Offerings, Venture Capital, Real Estate, Regulatory,... , Apr 11, 2012

New Posts to DEALCURRY - Mergers & Acquisitions, Private Equity, I.P.O. / Offerings, Venture Capital, Real Estate, Regulatory,... on Apr 11, 2012:

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1) Vienova Education Raises R15.7Cr from Bamboo Finance
http://www.dealcurry.com/20120411-Vienova-Education-Raises-R15-7Cr-from-Bamboo-Finance.htm

Delhi based Vienova Education Private Limited has raised  R15.7Cr from Bamboo Finance, managers of the Oasis Fund.

With this investment, Mr Keith Allman from Bamboo Finance, joins the board of Vienova. The company will use fund raised to expand it's services to 100 schools.

Grameen Capital India was the advisor to Vienova on this transaction.

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2) Reliance Capital Acquires Stake In Titagarh Wagons For R27Cr
http://www.dealcurry.com/20120411-Reliance-Capital-Acquires-Stake-In-Titagarh-Wagons-For-R27Cr.htm

Reliance Capital Trustee Company has acquired stake in Titagarh Wagons Limited through bulk deal on exchange.

Reliance Capital Trustee Company bought 8.10 lakh shares of Titagarh Wagons for R330.01 a piece aggregating to R26.73Cr on BSE.

Meanwhile, India Capital Fund Limited sold 686615 shares of Titagarh Wagons at R330 on the BSE and India Capital Opportunities 1 Ltd sold 122691 shares at R330.01 on the BSE.

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3) Carlyle, Sequoia May Invest In JSM Corp
http://www.dealcurry.com/20120411-Carlyle-Sequoia-May-Invest-In-JSM-Corp.htm

Carlyle Group and Sequoia Capital are planning to invest $40-50 Mn in JSM Corp for minority stake in the company.

Premji Invest and New Silk Route are also in talks to invest in the company. The company plans to establish 80-100 outlets of California Pizza Kitchen in the next five-six years, besides expansion of its other brands including Pitstop.

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4) Reliance Industries To Buy Stake In Kingfisher Airlines
http://www.dealcurry.com/20120411-Reliance-Industries-To-Buy-Stake-In-Kingfisher-Airlines.htm

Reliance Industries is planning to acquire stake in debt-ridden Kingfisher Airlines Limited.

If the deal goes through, Reliance would also get Mangalore Chemicals and Fertilizers Ltd, in which the UB group has a 30.44%.

Mangalore Chemicals is a fertilizer manufacturing company. It manufactures wide range of products that includes Urea, Di-Ammonium Phosphate, Muriate of Potash, Granulated Fertilizers, Micronutrients, Soil Conditioners and Specialty Fertilizers.

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5) Rakesh Jhunjhunwala Acquires Additional Stake In Viceroy Hotels
http://www.dealcurry.com/20120411-Rakesh-Jhunjhunwala-Acquires-Additional-Stake-In-Viceroy-Hotels.htm

Rakesh Jhunjhunwala has acquired additional 3.43% stake in Viceroy Hotels through open market transaction.

Jhunjhunwala bought 1.45 MN shares for R2.18Cr through bulk deal on BSE. Post the purchase, his stake in the company has gone up to 13.45%.

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6) Bharti Airtel May Buy 4G Licences From Qualcomm
http://www.dealcurry.com/20120411-Bharti-Airtel-May-Buy-4G-Licences-From-Qualcomm.htm

Bharti Airtel is planning to buy 4G licenses from Qualcomm for R6000Cr, which will enable it to launch 4G services in Delhi and Mumbai.

Bharti Airtel on Tuesday launched 4G service in Kolkata, which will offer data speeds more than 10 times faster than 3G.

In 2010, US-based chipmaker Qualcomm through its Indian arm - Qualcomm India took part in the BWA auction and got licences for four markets, which includes Delhi, Mumbai, Kerala and Haryana, for Rs. 4,912 Cr. Postauction, Qualcomm had formed separate joint venture companies for the four service areas.

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7) 3i Infotech May Divest Stake In Locuz Enterprise
http://www.dealcurry.com/20120411-3i-Infotech-May-Divest-Stake-In-Locuz-Enterprise.htm

3i Infotech Limited is planning to exit from Hyderabad based Locus Enterprise Solutions Limited by selling its 74% stake in the company for R60Cr.

This is being done as part of its CDR plan to improve liquidity position, according to BS.

In 2008, 3i Infotech acquired 26% stake In Locuz for R6.93Cr, followed by further acquisition of 25% stake in 2009 for R5.32Cr. In 2010, 3i Infotech acquired additional 23% stake in the company for R10.55Cr.

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

Blog Alert for DEALCURRY - Mergers & Acquisitions, Private Equity, I.P.O. / Offerings, Venture Capital, Real Estate, Regulatory,... , Apr 10, 2012

New Posts to DEALCURRY - Mergers & Acquisitions, Private Equity, I.P.O. / Offerings, Venture Capital, Real Estate, Regulatory,... on Apr 10, 2012:

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1) Thomson Reuters Acquires Tax Software Biz Of Fast Facts
http://www.dealcurry.com/20120410-Thomson-Reuters-Acquires-Tax-Software-Biz-Of-Fast-Facts.htm

Thomson Reuters has acquired the tax software business of Mumbai based Fast Facts, a leading tax software provider. The terms of the transaction were not disclosed.

Fast Facts is the leading withholding tax software provider which serves approximately 10,000 professionals and small firms, including the Big 4 accounting firms, banks and MNCs.

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2) Aditya Birla May Acquire 26% In Living Media
http://www.dealcurry.com/20120410-Aditya-Birla-May-Acquire-26-In-Living-Media.htm

Aditya Birla Group is planning to acquire 26% stake in Living Media India Limited, which owns the India Today group of publications.

Living Media owns 57.1% in TV Today Network, the listed company that owns the group's broadcasting assets.

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3) EnerSys Acquires 50.5% In Energy Leader Batteries
http://www.dealcurry.com/20120410-EnerSys-Acquires-50-5-In-Energy-Leader-Batteries.htm

US based EnerSys has acquired 50.5% stake in Hyderabad-based Energy Leader Batteries India Private Limited, a VRLA battery manufacturer through its Singapore subsidiary - EnerSys Reserve Power Pte. Ltd.

Akasam Consulting Private Limited was the sole advisor to Energy Leader Batteries for this transaction.

Incorporated in 2007, Energy Leader Batteries manufactures valve-Regulated-Lead Acid (VRLA) Batteries for industrial applications. The company offers VRLA batteries for Telecom industry (fixed line operators, cellular service providers, switch & exchange OEMs) and Railways.

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4) Tiger Global Invests In Olacabs
http://www.dealcurry.com/20120410-Tiger-Global-Invests-In-Olacabs.htm

Car rentals and cab hire services provider – Olacabs has raised series A funding from Tiger Global Management. The funds raised will be used for to scale up operations nationally and further strengthen its technology platform.

Founded in 2010 by Bhavish Aggarwal and Ankit Bhati, Olacabs is a Mumbai based startup that brings the cab services online.

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5) Sony Pictures To Acquire 30% In MAA Television
http://www.dealcurry.com/20120410-Sony-Pictures-To-Acquire-30-In-MAA-Television.htm

Sony Pictures Television is set to acquire 30% stake in Hyderabad-based MAA Television Network Limited.

Post acquisition, current management of MAA TV would continue to function, while Sony Pictures will remain a strategic investor and content provider to MAA TV.

According to BS, MAA Televison and Sony Pictures has entered into strategic alliance, which would enable SPT or any of its affiliates to acquire 30% equity stake in MAA Television Network Limited on signing the Definitive Agreement and subject to obtaining necessary approvals from the concerned statutory authorities.

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Self storage facilities are cash cows!
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Blog Alert for DEALCURRY - Mergers & Acquisitions, Private Equity, I.P.O. / Offerings, Venture Capital, Real Estate, Regulatory,... , Apr 9, 2012

New Posts to DEALCURRY - Mergers & Acquisitions, Private Equity, I.P.O. / Offerings, Venture Capital, Real Estate, Regulatory,... on Apr 9, 2012:

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1) Hotelogix Raises $1.2 Mn From Accel Partners, Blume Ventures, Mumbai Angels
http://www.dealcurry.com/2012049-Hotelogix-Raises-1-2-Mn-From-Accel-Partners-Blume-Ventures-Mumbai-Angels.htm

A cloud-based hospitality solutions provider - Hotelogix has raised $1.2 Mn from Accel Partners, Blume Ventures and Mumbai Angels.

The funds raised will be used for expansion in North American and South American.

Established in 2008, HMS Infotech has developed Hotelogix offers cloud based property management system based on the SAAS model for the small and mid-sized hospitality segment.

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2) Marico To Sell 4.56% To Indivest, Baring India For R500Cr
http://www.dealcurry.com/2012049-Marico-To-Sell-4-56-To-Indivest-Baring-India-For-R500Cr.htm

Marico Limited is planning to sell 4.56% stake for R500Cr to Indivest Pte Ltd and Baring India Private Equity.

The company proposes to issue 22.05Mn shares to Indivest Pte Ltd and 7.35 Mn shares to Baring India Private Equity Fund III at R170 per share aggregating to R500Cr.

The funds raised will be used for funding the proposed acquisition of Paras Personal Care business by the company.

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3) Somany Ceramics Acquires 26% In Commander Vitrified
http://www.dealcurry.com/2012049-Somany-Ceramics-Acquires-26-In-Commander-Vitrified.htm

Somany Ceramics is acquiring 26% stake in Gujarat based Commander Vitrified Private Limited for R3.25Cr.

The company has signed MOU with Commander Vitrified to acquire 26% stake in the company with an option to further increase the same up to 51%.

This deal will give complete access to Somany Ceramics to procure and sell the entire quantity of vitrified tiles to be manufactured by CVPL.

CVPL is at an advanced stage of setting up a new plant to manufacture about 2.65 Mn sqmt of vitrified tiles (polished and glazed) p.a at Morbi (Gujarat). The plant is expected to commence production by the end of May 2012.

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4) Tristar Retail Files For R25Cr IPO
http://www.dealcurry.com/2012049-Tristar-Retail-Files-For-R25Cr-IPO.htm

Tristar Retail Limited has filed DRHP with SEBI to raise R25Cr through an IPO.

The funds raised will be used for working capital (R13Cr); expansion of exclusive brand outlets of brand Denizen (R 5.85Cr); and investment in subsidiary Tristar Retail Concepts Private Limited for expansion of exclusive brand outlets of brand Nokia (R 1.13Cr).

Microsec Capital Limited is the book running lead manager to the issue.

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5) Aavishkaar Invests R26Cr In Karadi Path And Vana Vidyut
http://www.dealcurry.com/2012049-Aavishkaar-Invests-R26Cr-In-Karadi-Path-And-Vana-Vidyut.htm

Aavishkaar, a rural and semi-urban-focussed venture fund has invested R26Cr in Karadi Path Education Company Private Limited and Vana Vidyut Private Limited.

Aavishkaar has invested R8Cr in Karadi Path - an education services firm, while R18Cr in Vana Vidyut - a renewable energy company.

Karadi Path will use the fund raised in expansion of its English language learning operations focussed on primary school students particularly in semi-urban and rural areas.

Vana Vidyut is expected to set up India's first grid-connected bio-mass power plant with captive bio-mass feed stock from dedicated energy plantations.

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6) Tyroo Acquires DGM India
http://www.dealcurry.com/2012049-Tyroo-Acquires-DGM-India.htm

Tyroo, a SVG company has acquired DGM India, a subsidiary of ADH Plc, along with DGM India's MD - Anurag Gupta.

Post acquisition, both companies will continue to run separately. Anurag Gupta will be the MD of DGM and Tyroo Direct will continue to be headed by Siddharth Puri.

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7) Piramal Realty Acquires Gulita For R452Cr From HUL
http://www.dealcurry.com/2012049-Piramal-Realty-Acquires-Gulita-For-R452Cr-From-HUL.htm

Piramal Realty has acquired Gulita - property in south Mumbai from Hindustan Unilever  for R452Cr.

Piramal Realty is planning to develop high-end luxury apartments on the one-acre land and Ajay Piramal might keep a part of it for his personal use, given the premium location, according to ET.

Gulita  is a one-acre property in Worli Seaface, which used to house a training centre and private residences of senior executives of Unilever's Indian arm.

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8) Sahara India To Acquire 85% In Dream Downtown
http://www.dealcurry.com/2012049-Sahara-India-To-Acquire-85-In-Dream-Downtown.htm

Sahara India is planning to acquire 85% stake in Sant Singh Chatwal's flagship property Dream Downtown Hotel in New York through its Mauritius based subsidiary Aamby Valley Ltd.

The Chatwal group will retain the remaining 15% stake in hotel, while the existing franchise agreement with the Wyndham Hotel Group to run Dream Downtown will continue to remain in place even after Sahara takes over the hotel.

Dream Downtown has 315 rooms, an expansive rooftop lounge, a beach club and extensive fitness facilities with spa services.

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Self storage facilities are cash cows!
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Blog Alert for DEALCURRY - Mergers & Acquisitions, Private Equity, I.P.O. / Offerings, Venture Capital, Real Estate, Regulatory,... , Apr 4, 2012

New Posts to DEALCURRY - Mergers & Acquisitions, Private Equity, I.P.O. / Offerings, Venture Capital, Real Estate, Regulatory,... on Apr 4, 2012:

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1) Cisco Invests In Aavishkaar India II Fund
http://www.dealcurry.com/2012044-Cisco-Invests-In-Aavishkaar-India-II-Fund.htm

Cisco has made an investment in Aavishkaar India II Company Ltd - a Mauritius based $120Mn fund dedicated to investing in rural India.

The fund will focus on scaling up affordable models targeting the "Bottom of the Pyramid" in healthcare, water and sanitation, education, agriculture, renewable energy and other emerging sectors.

Aavishkaar has achieved  its first closing at $70Mn with corporate investors such as Cisco, along with institutional investors such as IFC, KFW, FMO and CDC participating in the first closing.

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2) L&T's Electrical Business Acquires UK based Thalest Limited
http://www.dealcurry.com/2012044-L-T-s-Electrical-Business-Acquires-UK-based-Thalest-Limited.htm

The Electrical & Automation business of Larsen & Toubro has acquired UK based Thalest Limited, the holding company of Serowatch Systems Ltd, Bond Instrumentation & Process Control Ltd and Servowatch Inc. Terms of the transaction were not disclosed.

Thalest Ltd offers integrated platform management system (IPMS) and Integrated Bridge System (IBS) solutions for naval warships and mercantile marine ships, vessels and floating systems. L&T has been active in this space. L&T alongwith Servowatch supplies IPMS and IBS solutions to the Indian Navy.

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3) Bajaj Auto Acquires Additional 6.3% In KTM Power Sports
http://www.dealcurry.com/2012044-Bajaj-Auto-Acquires-Additional-6-3-In-KTM-Power-Sports.htm

Bajaj Auto Limited has acquired additional 6.3% stake in Austria based KTM Power Sports AG, taking its stake to around 47%.

According to ET, Bajaj Auto purchased stake through its Netherlands-based wholly-owned subsidiary - Bajaj Auto International Holdings in an open market transaction.

Bajaj Auto is the second-largest shareholder in KTM , while the other large shareholders - Stefan Pierer and Rudolf Knuenz-hold more than 51% stake.

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4) Concord To Raise $100Mn, Sage Capital May Part Exit
http://www.dealcurry.com/2012044-Concord-To-Raise-100Mn-Sage-Capital-May-Part-Exit.htm

Waste water treatment company - Concord Enviro Systems Private Limited is planning to raise $100Mn by divesting stake in the company.

Singhi Advisors is the financial advisor to the deal.

According to ET, Sage Capital is also planning to sell a small portion of its holding. Sage Capital invested R42Cr for 26% stake in Concord Enviro in 2009.

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5) SEBI Proposes Regulations To Regulate PEs, VCs And Hedge Funds
http://www.dealcurry.com/2012044-SEBI-Proposes-Regulations-To-Regulate-PEs-VCs-And-Hedge-Funds.htm

Sebi has a comprehensive framework in the form of Alternative Investment Funds (AIFs) Regulations to bring PEs and VCs, under its ambit of inspection and investigation, and said all these funds have to register with the regulator now. At present, PE and VC funds have the option not to register with Sebi. However, considerable confusion existed about the rules of AIFs, since Sebi did not specifically say if these rules applied only to India domiciled funds or also those based outside India.

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6) TA Associates Invests In BillDesk
http://www.dealcurry.com/2012044-TA-Associates-Invests-In-BillDesk.htm

TA Associates has acquired a minority stake in BillDesk, an online payment services company. Terms of the investment were not disclosed.

With this deal, Dhiraj Poddar, director - TA Associates will join the company’s Board of Directors.

Khaitan & Co and Goodwin Procter LLP provided legal counsel to TA Associates. AZB & Partners served as legal counsel to BillDesk.

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7) Reliance, Arisaig Partners May Exit Gini & Jony
http://www.dealcurry.com/2012044-Reliance-Arisaig-Partners-May-Exit-Gini-Jony.htm

Reliance Capital and Arisaig Partners are planning to exit Gini & Jony Limited, while Lakhani Family is planning to part exit.

Anand Rathi is advising the financial investors to find a potential buyer for their stake.

According to TOI, Reliance Capital holds 22% stake in Gini & Jony, while Singapore-based fund Arisaig Partners has a 9% share in the retail chain. The remaining shares are held by the Lakhani family, which is looking at a fund-raise but will not exit the company which has a turnover of about R300Cr.

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8) Snapdeal Acquires Sport Goods Etailer - esportsbuy.com
http://www.dealcurry.com/2012044-Snapdeal-Acquires-Sport-Goods-Etailer-esportsbuy-com.htm

Snapdeal has acquired online sports goods retailer - esportsbuy.com. The terms of the transaction were not disclosed, however the dealsize is expected to be in the range of R50-75Cr.

This acquisition will help the ecommerce portal to expand in the arena of sports retailing.

Esportsbuy.com was founded by Amit Monga and Prateek Agarwal in 2011 and has posted revenues of about R10Cr in one year of operations.

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Blog Alert for DEALCURRY - Mergers & Acquisitions, Private Equity, I.P.O. / Offerings, Venture Capital, Real Estate, Regulatory,... , Apr 3, 2012

New Posts to DEALCURRY - Mergers & Acquisitions, Private Equity, I.P.O. / Offerings, Venture Capital, Real Estate, Regulatory,... on Apr 3, 2012:

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1) Origio A/s Acquires 51% Trivector Scientific For 3.3Mn Euros
http://www.dealcurry.com/2012043-Origio-A-s-Acquires-51-Trivector-Scientific-For-3-3Mn-Euros.htm

Origio A/s is acquiring a 51% stake in Trivector Scientific for 3.3Mn Euros. Post acquisition, it will operate as a JV to focus on introducing and selling more equipments, consumables, disposables, culture media, providing other maintenance services and to increase awareness about the issue in the society.

BDO International was the sole advisor to the deal.

Trivector Group, established in 1993, is a pioneering name in the field of assisted reproductive technology in India.

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2) Ace Tours To Raise Funds For Expansion
http://www.dealcurry.com/2012043-Ace-Tours-To-Raise-Funds-For-Expansion.htm

Surat based Ace Tour Worldwide Limited is planning to raise IPO through issue of 8.1Mn shares by diluting 52.88% stake in the company.

The funds raised will be used to set up service apartment facilty at Surat; to upgrade the ardware and software facilities for webportal;  for brand building exercise and for working capital requirement.

Corporate Strategic Allianze is the book running lead manager to the issue.

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3) Savaari Car Rentals Raises Series A Funding From Inventus Capital
http://www.dealcurry.com/2012043-Savaari-Car-Rentals-Raises-Series-A-Funding-From-Inventus-Capital.htm

Savaari Car Rentals has raised R5Cr Series A funding from Inventus Capital Partners. Samir Kumar and Parag Dhol from Inventus Advisory Services (India) will be joining the Board of Directors at Savaari.

Savaari will use the funds to build a backend engine to allow easy bookings management, as well as giving automated billing for its customers. Savaari will also use the funds raised to hire top marketing talent, and grow its business across cities by establishing a robust sales network. some of these funds will also be used to enhance technology solutions to deliver superior travel experiences to the customer.

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4) Money on Mobile Raises $29.7Mn From Calpain Inc
http://www.dealcurry.com/2012043-Money-on-Mobile-Raises-29-7Mn-From-Calpain-Inc.htm

Mumbai-based mobile payment service provider My Mobile Payments Limited has raised $29.7 Mn from U.S.-based Calpian Inc.

According to Medianama, Calpain has not directly invested in My Mobile Payments. It has invested in a newly formed company Digital Payments Processing Limited, which has entered into a services agreement with MMPL.With this deal Calpian representatives, Montgomery and Pilotte, will hold two of the four Board positions in DPPL and Montgomery will be its Chairman and have a tie-breaking vote. In addition, he will hold one of the 6 Board positions in MMPL.

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5) IFC May Invest In BanyanTree's Second Fund
http://www.dealcurry.com/2012043-IFC-May-Invest-In-BanyanTree-s-Second-Fund.htm

IFC has proposed to invest $25Mn in BanyanTree Capital Advisors Limited in its second fund - BanyanTree Growth Capital II .

BanyanTree Growth Capital II has a target fund size of $150-175 Mn whicht will Invest in small and medium enterprises.

The fund will make investment in areas such as manufacturing and niche industrial segments, which have traditionally received a very small portion of private equity capital in comparison to their total contribution to the Indian economy.

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6) Cytec Industries Acquires Star Orechem's Manufacturing Assets For $37Mn
http://www.dealcurry.com/2012043-Cytec-Industries-Acquires-Star-Orechem-s-Manufacturing-Assets-For-37Mn.htm

US based Cytec Industries Inc. has acquired the manufacturing assets of Star Orechem International Private Limited for $37Mn.

This acquisition will expand it's global manufacturing footprint for the In Process Separation business, providing it with a more direct supply chain line to better serve it's mining customers in Africa and the Asia Pacific region.

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7) CIMB Group To Acquire RBS' Wholesale Banking Business In India
http://www.dealcurry.com/2012043-CIMB-Group-To-Acquire-RBS-Wholesale-Banking-Business-In-India.htm

CIMB Group has entered into an agreement with Royal Bank of Scotland to wholesale banking business in India and in 10 other Asia-Pacific markets for around 75 Mn pounds ($ 120 Mn).

RBS will sell its cash equities, equity capital markets and M&A businesses in India as part of the transaction.The principal benefit of RBS in the sale is to mitigate partially the shutdown costs otherwise associated with these businesses.

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8) Gerresheimer AG Acquires Gujarat-based Neutral Glass & Allied Industries
http://www.dealcurry.com/2012043-Gerresheimer-AG-Acquires-Gujarat-based-Neutral-Glass-Allied-Industries.htm

Germany based Gerresheimer AG has agreed to acquire a 70% stake in Gujarat-based Neutral Glass & Allied Industries. The terms of the transaction were not disclosed.

Gerresheimer said that the acquisition will give it a modern pharma glass production facility in India. It will also create a strong industrial foothold to complement Gerresheimer's existing distribution network in India. Incorporated in May 1986, the Mumbai-based Neutral Glass & Allied Industries Private Limited manufactures Type-1 and Type-3 glass bottles and vials for the pharmaceutical industry. The company is entirely held by the promoter group, comprising the Shah, Vaziralli and Merchant families. 

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Blog Alert for DEALCURRY - Mergers & Acquisitions, Private Equity, I.P.O. / Offerings, Venture Capital, Real Estate, Regulatory,... , Apr 2, 2012

New Posts to DEALCURRY - Mergers & Acquisitions, Private Equity, I.P.O. / Offerings, Venture Capital, Real Estate, Regulatory,... on Apr 2, 2012:

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1) Marico To Raise $100Mn PE Funding
http://www.dealcurry.com/2012042-Marico-To-Raise-100Mn-PE-Funding.htm

Marico is talking to a number of PE funds including GIC, Temasek and Khazanah to raise upto $100Mn by selling about 5% stake in the entity.

According to ET,  Citi and Kotak Investment Banking are likely advisors to Marico for the fund raising process.

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2) Mohandas Pai And Rajani Pai Invest In BookAdda.com
http://www.dealcurry.com/2012042-Mohandas-Pai-And-Rajani-Pai-Invest-In-BookAdda-com.htm

TV Mohandas Pai and his partner Ranjan Pai have invested in online book retailer - BookAdda.com from $100 Mn PE Fund launched last August.

The fund has also invested $8 Mn in California-based medical technology company Insightra, along with investment in one more Indian company and US based company.

BookAdda is an Indian online bookstore with collection of over 10 Mn books with more than 22,54,279 authors.

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3) India Venture Advisors Invests R40Cr In Tulsi Castings
http://www.dealcurry.com/2012042-India-Venture-Advisors-Invests-R40Cr-In-Tulsi-Castings.htm

Piramal Group's PE fund - India Venture Advisors has invested R40Cr in Sangli based manufacturer of ductile iron castings -  Tulsi Castings and Machining.

SBI Capital Markets Ltd was the sole advisor to the company for this transaction.

Tulsi Castings and Machining Limited (erstwhile Tulsi Foundries Limited) was acquired by the present management and commenced operations in the year 2004, after BM Jain and RM Jain acquired the foundry assets from SICOM Ltd.

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4) ABP May Buyout Star News' Stake In JV
http://www.dealcurry.com/2012042-ABP-May-Buyout-Star-News-Stake-In-JV.htm

ABP Private Limited is planning to buy out Star Group Limited’s stake in news television JV- Media Content and Communications Services India Private Limited.

Formed in 2003, MCCS is a 74:26 JV between ABP TV and STAR News Broadcasting. MCCS broadcasts three 24-hour news channels, STAR News in Hindi, STAR Ananda in Bengali and STAR Majha in Marathi.

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5) India Agri Business Fund Invests R50Cr In Super Agri Seeds
http://www.dealcurry.com/2012042-India-Agri-Business-Fund-Invests-R50Cr-In-Super-Agri-Seeds.htm

India Agri Business Fund has invested R50Cr in Hyderabad-based Super Agri Seeds Pvt. Ltd.

Super Agri Seeds will use the funds to finance its expansion and set up Research and development centres in Hyderabad and in Bangalore.The company is planning to tie-up with two European agro-based companies for R&D by next year. The company is targeting to achieve a R350Cr turnover by 2015, as against the expected turnover of R75Cr this year.  

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6) Kajaria Ceramics Acquires 51% In Vennar Ceramics
http://www.dealcurry.com/2012042-Kajaria-Ceramics-Acquires-51-In-Vennar-Ceramics.htm

Kajaria Ceramics Limited has acquired 51% stake in Hyderabad based Vennar Ceramics Limited for R13.65Cr.

Kajaria will subscribe to fresh equity share capital of Vennar and upon acquisition of shares and completion of other formalities, Vennar Ceramics will become the subsidiary of the company.

Vennar is setting up a new plant which would start commercial production in June 2012. This will help Kajaria to cater to the southern markets from this plant enabling the company to reduce the transit time for the delivery of goods and savings in transportation cost.

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7) ASK Properties To Acquire 49% In Godrej Properties' Redevelopment Project
http://www.dealcurry.com/2012042-ASK-Properties-To-Acquire-49-In-Godrej-Properties-Redevelopment-Project.htm

ASK Property Investment Advisors is acquiring a 49% stake in Godrej Landmark Redevelopers, a subsidiary of Godrej Properties.

According to a report on BSE, ASK will pay a R20Cr premium to GLRPL for its 49% stake in the project.

Godrej Landmark Redevelopers has entered into a tripartite agreement with Kamla Landmarc Property Leasing and Finance Pvt Ltd and 18 societies to undertake a residential redevelopment project in Sahakar Nagar, Chembur, Mumbai.

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8) DMI Finance Acquires 16% In Alchemist ARC
http://www.dealcurry.com/2012042-DMI-Finance-Acquires-16-In-Alchemist-ARC.htm

DMI Finance has acquired 16% stake in Alchemist Asset Reconstruction Company. The terms of the transaction were not disclosed, however according to a report on ET, the deal size is estimated to be about R32Cr.

Alchemist ARC is in the business since 2002. It claims to have over 100 years of cumulative experience in the banking domain across international and domestic banks such as Citigroup, SBI, ICICI, Dhanalaxmi, and Bank of Tokyo- Mitsubishi.

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