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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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