PE VC M&A News from India

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Wednesday, April 11, 2012

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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