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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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