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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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