India PE M&A search

PE VC M&A News from India

Tuesday, June 15, 2010

Blog Alert for DEALCURRY - Mergers & Acquisitions, Private Equity, I.P.O. / Offerings, Venture Capital, Real Estate, Regulatory,... , Jun 14, 2010

New Posts to DEALCURRY - Mergers & Acquisitions, Private Equity, I.P.O. / Offerings, Venture Capital, Real Estate, Regulatory,... on Jun 14, 2010:

------------------------------------------------------------------
1) UCO Bank Plans FPO For Rs 500 Cr
http://www.dealcurry.com/20100614-UCO-Bank-Plans-FPO-For-Rs-500-Cr.htm

UCO Bank is planning to raise Rs.500 Cr through follow-on public offer in July by issuing six crore equity shares.The money raised will be utilized for its expansion.Recently, Government of India has approved the infusion of Rs.375 Cr into UCO Bank.

------------------------------------------------------------------
2) Reliance Venture Invests In Gradatim IT Ventures
http://www.dealcurry.com/20100614-Reliance-Venture-Invests-In-Gradatim-IT-Ventures.htm

Gradatim IT Ventures has raised Series A round of funding from Reliance Venture. The investment is reported to be between $7-9 mn.Bangalore based Gradatim IT Ventures (India) Pvt Ltd is a privately held IT company with operations in India, Australia, Singapore and Dubai with focus on Business Process Utility (BPU) providing services across the banking and insurance industries, especially microfinance space. Gradatim’s clients include MFIs and NBFC’s, Insurance providers across Asia, Australia and Dubai.

------------------------------------------------------------------
3) IBM To Acquire Indian Software Companies
http://www.dealcurry.com/20100614-IBM-To-Acquire-Indian-Software-Companies.htm

IBM is looking for acquisitions for about $20 bn in India and across the globe for over five years.In India, it is targeting companies with proprietary software products that cater to small and medium enterprises (SMEs).

------------------------------------------------------------------
4) Sun TV's Maran To Buy Stake In SpiceJet From Kansagra and Wilbur Ross
http://www.dealcurry.com/20100614-Sun-TV-s-Maran-To-Buy-Stake-In-SpiceJet-From-Kansagra-and-Wilbur-Ross.htm

Kalanithi Maran of Sun TV Network Ltd is set to buy 37.75% stake in SpiceJet Ltd for around Rs.800 Cr from Bhupendra (Bhulo) Kansagra and Wilbur L. Ross.The stake will be bought through Maran’s personal capacity and through its holding company KAL Airways.Maran, will make an open offer to SpiceJet’s minority shareholders to acquire an additional 20% stake from today.

------------------------------------------------------------------
5) Infosys Plans Small Acquisitions in Europe
http://www.dealcurry.com/20100614-Infosys-Plans-Small-Acquisitions-in-Europe.htm

Infosys Technologies is planning for small acquisitions in France and Germany to expand its footprint in European markets. Infosys wants to penetrate in sectors like manufacturing and retail in Europe through inorganic growth.

------------------------------------------------------------------
6) SREI Equipment Finance To Raise $50 Mn Through ECBs
http://www.dealcurry.com/20100614-SREI-Equipment-Finance-To-Raise-50-Mn-Through-ECBs.htm

Srei Equipment Finance Private Limited plans to raise $50 Mn through ECBs from DBS Bank Limited.

The money would be repaid over a period of 7 years and the average cost is around 8%.SREI BNP Paribas is expecting fresh disbursal of Rs 9,000-Rs 10,000 Cr during FY11.

------------------------------------------------------------------
7) Dhanalaxmi Bank To Raise Rs 350 Cr Through QIP
http://www.dealcurry.com/20100614-Dhanalaxmi-Bank-To-Raise-Rs-350-Cr-Through-QIP.htm

Dhanalaxmi Bank is planning to raise Rs 350 Cr by diluting 23% of its equity through qualified institutional placement (QIP) in third week of July.The funds raised will be utilized for its business growth.IDFC-SSKI and JM Financial are investment bankers for bank’s QIP.

------------------------------------------------------------------
8) New Bombay Printing & Dyeing Mills To Acquire Perfect Octave
http://www.dealcurry.com/20100614-New-Bombay-Printing-Dyeing-Mills-To-Acquire-Perfect-Octave.htm

New Bombay Printing & Dyeing Mills Limited plans to acquire Perfect Octave Private Limited for an undisclosed sum.The company plans to enter in the media business making the acquisition of strategic importance.Perfect Octave, promoted by Ratish Tagde, is an event management company in the music segment.

------------------------------------------------------------------
You are receiving this email because you signed up to receive Blog Alerts (email notifications of new posts) for DEALCURRY - Mergers & Acquisitions, Private Equity, I.P.O. / Offerings, Venture Capital, Real Estate, Regulatory,... . If you no longer wish to receive Blog Alerts for DEALCURRY - Mergers & Acquisitions, Private Equity, I.P.O. / Offerings, Venture Capital, Real Estate, Regulatory,... , go to this link:
http://shootthebreeze.net/blogalert/index.php?action=leave&r=32663&k=KC9DVVBQHQ58SF8U

==================================================================
Need a website??
Set up and host as many websites as you want for only $6.95 per month TOTAL, at BlueHost.com!
http://www.bluehost.com/track/bomdemais/ba

Saturday, June 12, 2010

Blog Alert for DEALCURRY - Mergers & Acquisitions, Private Equity, I.P.O. / Offerings, Venture Capital, Real Estate, Regulatory,... , Jun 11, 2010

New Posts to DEALCURRY - Mergers & Acquisitions, Private Equity, I.P.O. / Offerings, Venture Capital, Real Estate, Regulatory,... on Jun 11, 2010:

------------------------------------------------------------------
1) Reliance Industries Buys 95% Stake In Infotel Broadband
http://www.dealcurry.com/20100611-Reliance-Industries-Buys-95-Stake-In-Infotel-Broadband.htm

Reliance Industries has bought 95% stake in Infotel Broadband Services for Rs.4,800 Cr. Infotel will issue fresh equity shares to RIL. Infotel, promoted by Anant Nahata of HFCL, has won pan India Broadband Wireless Access spectrum license for 22 circles for around Rs 12,848 crore ($2.7 billion).

------------------------------------------------------------------
2) Nexus' Second Agro Investment - Commodity Warehousing Firm, Sohan Lal
http://www.dealcurry.com/20100611-Nexus-Second-Agro-Investment-Commodity-Warehousing-Firm-Sohan-Lal.htm

Sohan Lal Commodity Management (SLCM) has raised Rs.10 Cr from Nexus Venture Partners. SLCM will use the funds to expand its presence and warehousing capacity.SLCM provides agri-commodity warehouse management and procurement solutions.Sandeep Singhal of Nexus Venture Partners will join SLCM's board.

------------------------------------------------------------------
3) Firstsource May Acquire Barclaycard's Teesside Centre
http://www.dealcurry.com/20100611-Firstsource-May-Acquire-Barclaycard-s-Teesside-Centre.htm

Firstsource Solution is set to buy Barclaycard's cutomer service centre in Teesside, UK.

If the deal is finalised, Firstsource will take over assets of the centre and deliver customer care for Barclays bank’s credit card and payments business in UK.

------------------------------------------------------------------
4) Gensol Launches Rs 350 Cr Renewable Energy Focused Fund
http://www.dealcurry.com/20100611-Gensol-Launches-Rs-350-Cr-Renewable-Energy-Focused-Fund.htm

Gensol Consultants Private Limited has raised a Rs 350 Cr fund - Gensol renewable energy Fund. The amount for the fund has been raised both through internal accruals as well as from institutional investors who look to gain from carbon trading.

------------------------------------------------------------------
5) SK Telecom May Acquire 26% In Videocon Telecommunication
http://www.dealcurry.com/20100611-SK-Telecom-May-Acquire-26-In-Videocon-Telecommunication.htm

Korea based - SK Telecom may acquire a 26% stake in Videocon Telecommunications Ltd. The Dhoot Family wants $767 Mn for the stake, valuing the company at $2.9 Bn. The funds will be used for expansion.

The Dhoot family was in talks with UAE based Etisalat, Turkey based Turkcell and Vivendi SA, but the deal failed over valuation differences.

------------------------------------------------------------------
6) Orchid Chemicals To Acquire US- Based Karalex Pharma
http://www.dealcurry.com/20100611-Orchid-Chemicals-To-Acquire-US-Based-Karalex-Pharma.htm

Orchid Chemicals & Pharmaceuticals Limited will acquire US- based Karalex Pharma LLC in an all cash deal for an undisclosed amountOrchid Chemicals is planning to file for 50 new U.S. FDA approvals by March 2012. The acquisition will be beneficial to Orchid as it plans to enter the US market on it own in the near future.

------------------------------------------------------------------
7) HCC To Raise Rs 500 Cr For Infrastructure Projects
http://www.dealcurry.com/20100611-HCC-To-Raise-Rs-500-Cr-For-Infrastructure-Projects.htm

HCC is planning to raise upto Rs 500 Cr by selling 20-30% stake in its infrastructure arm - HCC Infrastructure Ltd. It has already initiated talks with domestic and foreign infrastructure funds. A deal is expected in three months.

The funds will be used by HCC to fund its capex requirements.

------------------------------------------------------------------
8) IL&FS PE May Invest Rs.300 Cr in Orbit Corp's SPV
http://www.dealcurry.com/20100611-IL-FS-PE-May-Invest-Rs-300-Cr-in-Orbit-Corp-s-SPV.htm

Orbit Corporation to sell stake in one of its Nepean Sea Road projects for around Rs.300 Cr to IL&FS Private Equity Fund.
Orbit is also planning to raise Rs.1000 Cr through QIP and Rs.1000 Cr through guarantees to fund its capex plans as it is looking to buy land banks at Matunga, Sion, Khetwadi, Opera House, Malabar Hill, Cooperage, Cuff Parade and Colaba.

Friday, June 11, 2010

Blog Alert for DEALCURRY - Mergers & Acquisitions, Private Equity, I.P.O. / Offerings, Venture Capital, Real Estate, Regulatory,... , Jun 10, 2010

New Posts to DEALCURRY - Mergers & Acquisitions, Private Equity, I.P.O. / Offerings, Venture Capital, Real Estate, Regulatory,... on Jun 10, 2010:

------------------------------------------------------------------
1) LIC And 4 Banks May Invest Rs.160 Cr In Videocon
http://www.dealcurry.com/20100610-LIC-And-4-Banks-May-Invest-Rs-160-Cr-In-Videocon.htm

The funding through prefrential allotment will be utilized by Videocon to meet its working capital requirements and on-going capex plans.

Post-preferential allotment, the shareholding of the promoters in the company will come down to 66.67% from the current 68.46% and thatof banks and financial institutions will increase to 3.55% from 1.29%.

------------------------------------------------------------------
2) Komli Media Acquires Australia's PostClick
http://www.dealcurry.com/20100610-Komli-Media-Acquires-Australia-s-PostClick.htm

Komli Media has bought Australia's PostClick to strengthen its product offering in digital advertising space in the Asia Pacific market.Komli Media is a digital advertising network focused on India, whereas PostClick is a site representation company covering the Asia Pacific region. Alister Coleman of AG Coleman & Co was the advisor to PostClick.

------------------------------------------------------------------
3) Shree Ram Urban To Raise Rs 2500 Cr Through Part Land Sale.
http://www.dealcurry.com/20100610-Shree-Ram-Urban-To-Raise-Rs-2500-Cr-Through-Part-Land-Sale-.htm

Shree Ram Urban Infrastructure (SRUI) is selling part of its 26.5 lakh sq.ft.in Shree Ram Mills in Worli, Mumbai for Rs.2,475-2,500 Cr.The funds would be utilized for its expansion plans and for its ongoing project Palais Royal (saleable area of 8.8 lakh sft) at the same plot.

------------------------------------------------------------------
4) Edelweiss, Lanco Bid For Axis Bank's PE Arm
http://www.dealcurry.com/20100610-Edelweiss-Lanco-Bid-For-Axis-Bank-s-PE-Arm.htm

Their bids are estimated to be in the range of Rs.30-45 Cr.
Aditya Birla Private Equity, the Shapoorji Pallonji group and IL&FS Investment Managers are also considered close competitors for Axis PE arm.Axis currently manages only one fund - Rs.600 Cr Axis Infrastructure fund.

------------------------------------------------------------------
5) IL&FS Milestone Fund To Invest $122 Mn In HCC Real Estate
http://www.dealcurry.com/20100610-IL-FS-Milestone-Fund-To-Invest-122-Mn-In-HCC-Real-Estate.htm

IL&FS Milestone Fund - II is acquiring a 74% stake in HCC Real Estate Limited for $122 Mn(Rs.575 Cr), valuing the company at $163 Mn.The funds will be used by the parent company - HCC Limited to repay the Rs 350 Cr loan taken from HDFC Limited for construction.Money Matters Financial Services is the sole advisor for the deal. Blackstone Real Estate Group and Morgan Stanley Real Estate Group were also interested in acquiring the stake.

------------------------------------------------------------------
6) Sivasankaran May Pick 49% stake in Loop Telecom
http://www.dealcurry.com/20100610-Sivasankaran-May-Pick-49-stake-in-Loop-Telecom.htm

Sivasankaran may pick 49% stake in Loop Telecom and has been in talks with the Essar group that controls Loop Telecom.

A merger with Loop will give Siva owned STel access to all major telecom circles as Loop has a pan-India licence.

The stake purchase will be in Siva's own capacity through a fresh issue of shares of Loop Telecom and not through Siva's investment vehicle Siva Ventures Ltd.

Thursday, June 10, 2010

Blog Alert for DEALCURRY - Mergers & Acquisitions, Private Equity, I.P.O. / Offerings, Venture Capital, Real Estate, Regulatory,... , Jun 9, 2010

New Posts to DEALCURRY - Mergers & Acquisitions, Private Equity, I.P.O. / Offerings, Venture Capital, Real Estate, Regulatory,... on Jun 9, 2010:

------------------------------------------------------------------
1) Luminous Power To Raise Funds Through IPO
http://www.dealcurry.com/2010069-Luminous-Power-To-Raise-Funds-Through-IPO.htm

Inverter, appliance and battery maker Luminous Power Technologies is planning for an IPO within next twelve months to meet its expansion plans in its product line.The issue will also give exit opportunity to the PE firm CLSA Capital Partners which had invested in the company for around $20.3 mn in 2007.

------------------------------------------------------------------
2) Lodha To Raise PE For WorldOne Project
http://www.dealcurry.com/2010069-Lodha-To-Raise-PE-For-WorldOne-Project.htm

Lodha may raise funds through private equity of about Rs.1,000 Cr from Singapore funds GIC and Temasek and HDFC Property Fund.

The fund is raised to invest in its soon to be initiated tallest residential property (117-storey tower) on the 17 acre plot in Lower parel which it bought 5 years ago.

Wednesday, June 9, 2010

Blog Alert for DEALCURRY - Mergers & Acquisitions, Private Equity, I.P.O. / Offerings, Venture Capital, Real Estate, Regulatory,... , Jun 8, 2010

New Posts to DEALCURRY - Mergers & Acquisitions, Private Equity, I.P.O. / Offerings, Venture Capital, Real Estate, Regulatory,... on Jun 8, 2010:

------------------------------------------------------------------
1) Deepak Fasteners, Maker Of Industrial Fasteners, Receives $15 mn from BanyanTree
http://www.dealcurry.com/2010068-Deepak-Fasteners-Maker-Of-Industrial-Fasteners-Receives-15-mn-from-BanyanTree.htm

BanyanTree Growth Capital invested $15mn (Rs. 70 crore) in Deepak Fasteners Limited (“DFL”) for a minority stake. BanyanTree will have a Board representation.

Ludhiana based DFL is the largest manufacturer of specialty industrial fasteners. It is promoted by the Kalra family. DFL will use the funds for expansion of capacity and geographic reach. It plans to raise Rs. 250 crore in the next one year for expansion.

------------------------------------------------------------------
2) Hindalco Looking For Overseas Copper Mines
http://www.dealcurry.com/2010068-Hindalco-Looking-For-Overseas-Copper-Mines.htm

Hindalco is looking for overseas copper mines inorder to meet its own raw material supplies.Hindalco Industries Ltd operates copper mines in Australia under its unit, Aditya Birla Minerals.

It has expansion plans to set up additional 1.90 million tonnes of aluminium and produce 6 million tonnes of alumina by fiscal 2016-17 and has planned for a capex of Rs.100 bn in 2010-11 for its greenfield projects.

------------------------------------------------------------------
3) FIIs And Others May Acquire 26% in HT Media Ventures For Rs 350 Cr
http://www.dealcurry.com/2010068-FIIs-And-Others-May-Acquire-26-in-HT-Media-Ventures-For-Rs-350-Cr.htm

Foreign institutional investors, non-resident Indians and foreign venture capital investors (FVCIs) may acquire 26% stake in Hindustan Media Ventures Ltd (HTMVL) for Rs.350 Cr. The capital infusion may require foreign investment promotion board (FIPB) approval.The funds would be utilized for its expansion plans.

------------------------------------------------------------------
4) Ramky Enviro To Acquire Companies In Australia, Sweden
http://www.dealcurry.com/2010068-Ramky-Enviro-To-Acquire-Companies-In-Australia-Sweden.htm

Ramky Enviro Engineers Limited is acquiring two companies one each in Australia and Sweden for a total consideration of $60 Mn.

These companies operate in the area of waste management. These acquisitions will add technological expertise to its business operations.

------------------------------------------------------------------
5) Tejas Networks To Acquire Israel Based - Ethos Networks
http://www.dealcurry.com/2010068-Tejas-Networks-To-Acquire-Israel-Based-Ethos-Networks.htm

Tejas Networks is planning to acquire Ethos Networks under a share swap deal where Ethos investors will be given shares in the unlisted Tejas.Israel-based Ethos specializes in carrier ethernet and network management products. Co-Founded in 2000 by Gururaj Deshpande, Tejas Networks had reported a turnover of Rs.600 Cr for 20o9-10.

Tuesday, June 8, 2010

Blog Alert for DEALCURRY - Mergers & Acquisitions, Private Equity, I.P.O. / Offerings, Venture Capital, Real Estate, Regulatory,... , Jun 7, 2010

New Posts to DEALCURRY - Mergers & Acquisitions, Private Equity, I.P.O. / Offerings, Venture Capital, Real Estate, Regulatory,... on Jun 7, 2010:

------------------------------------------------------------------
1) Cerebra Integrated Technologies To Dilute 38% Stake For Rs16.1 Cr
http://www.dealcurry.com/2010067-Cerebra-Integrated-Technologies-To-Dilute-38-Stake-For-Rs16-1-Cr.htm

Cerebra Integrated Technologies have announced to dilute around 38% stake amounting to Rs.16.1 Cr as a part of share-for-vendor-supply deal.

The company is planning to foray into e-waste management business and will use part of the money to finance its plant and machinery and for services.

------------------------------------------------------------------
2) Bhushan Steel To Raise $500 Mn
http://www.dealcurry.com/2010067-Bhushan-Steel-To-Raise-500-Mn.htm

Bhushan Steel has planned to raise funds worth $500 mn from the market to finance its greenfield projects.

The amount would be raised in one or more tranches from domestic or international markets in one or more currencies.

Bhushan Steel is also in the process of raising its authorised share capital from Rs.125 CR to Rs.150 Cr through 25 lakh preference shares of Rs.100 each. The move is in line with the company’s plans to issue further capital to meet additional fund requirements.

------------------------------------------------------------------
3) Allied Blenders And Distillers To Raise Rs 50 Cr From PEs
http://www.dealcurry.com/2010067-Allied-Blenders-And-Distillers-To-Raise-Rs-50-Cr-From-PEs.htm

Allied Blenders and Distillers is looking to raise upto Rs 50 Cr from PE funds to fund its expansion plans. The company would dilute 5-10% stake to raise the funds. It is negotiating with 3-4 foreign based funds for the funds.

------------------------------------------------------------------
4) Duncan Industries To Sell Fertilizer Unit To Jaypee
http://www.dealcurry.com/2010067-Duncan-Industries-To-Sell-Fertilizer-Unit-To-Jaypee.htm

Jaypee group is planning to buy closed fertilizer plant of Duncans Industries near Kanpur in Uttar Pradesh.The deal if goes through as per rumours, the plant, which has a urea production capacity of 722,000 tonnes per annum, would be hived off into a separate firm and 74% stake in it would be sold to the Jaypee Group for a token consideration of Re1. Duncans would have a put option on its 26% stake in the venture.

------------------------------------------------------------------
5) Vatika Group To Raise Rs 1,000 Cr From Deutsche Bank
http://www.dealcurry.com/2010067-Vatika-Group-To-Raise-Rs-1-000-Cr-From-Deutsche-Bank.htm

Vatika Group is raising Rs.800-1,000 Cr from Deutsche Bank for its upcoming residential project.

The fund will be raised through a special purpose vehicle (SPV) for Vatika’s 1,000-acre plot residential project worth Rs 6,000 Cr ‘Gurgaon-India Next’.
If the deal goes through, Vatika will part finance the project.

------------------------------------------------------------------
6) Mastek Limited To Acquire Companies In US, UK
http://www.dealcurry.com/2010067-Mastek-Limited-To-Acquire-Companies-In-US-UK.htm

Mastek Limited is acquiring companies in North America and UK to expand its presence in the insurance sector. The company is negotiating with 3-4 companies for acquisitions. The deal size is expected to be in the range of $30-50 Mn.

------------------------------------------------------------------
7) Vijay Shanthi Builders Acquires High End Homes For Rs30 Cr
http://www.dealcurry.com/2010067-Vijay-Shanthi-Builders-Acquires-High-End-Homes-For-Rs30-Cr.htm

Vijay Shanthi Builders Ltd (VSBL) has bought High End Homes Pvt Ltd for around Rs.30 Cr.

VSBL has acquired High End Homes mainly for its land bank of 7.5 acre at Ambattur where it is planning to build a Rs 210 Cr residential project with a total area floor space of around 6-7 lakh sft.

Saturday, June 5, 2010

Blog Alert for DEALCURRY - Mergers & Acquisitions, Private Equity, I.P.O. / Offerings, Venture Capital, Real Estate, Regulatory,... , Jun 4, 2010

New Posts to DEALCURRY - Mergers & Acquisitions, Private Equity, I.P.O. / Offerings, Venture Capital, Real Estate, Regulatory,... on Jun 4, 2010:

------------------------------------------------------------------
1) GCPL To Raise Upto $150 Mn To Fund Acquisitions
http://www.dealcurry.com/2010064-GCPL-To-Raise-Upto-150-Mn-To-Fund-Acquisitions.htm

Godrej Consumer Products Ltd is planning to raise upto $150 Mn by diluting 6% stake via QIP. This funds will be use to fund the acquisitions.

GCPL is raising about Rs 3000 Cr for funding acquisitions mainly through debt. The funds were to be raised as and when acquisitions materialise.

------------------------------------------------------------------
2) IFC May Invest $2.25 Mn In Swadhaar MFI For A 20% Stake
http://www.dealcurry.com/2010064-IFC-May-Invest-2-25-Mn-In-Swadhaar-MFI-For-A-20-Stake.htm

IFC may invest $2.25 Mn in Swadhaar FinServe Pvt Ltd for a 20% stake, valuing the MFI close to $11.25 Mn.

Swadhaar Finserve intends to use the funds to expand its operations in Rajasthan and MP.In 2008, Swadhaar raised funding from ACCION Gateway Fund, Micheal & Susan Dell Foundation and Unitus Equity Fund.

------------------------------------------------------------------
3) Reliance Industries To Raise $1 Bn Loan
http://www.dealcurry.com/2010064-Reliance-Industries-To-Raise-1-Bn-Loan.htm

Reliance Industries has announced to raise $1 Bn.

Reliance is raising money to fund its expansion in the KG Basin. Even though the company has a cash balance of around $4.5 bn, the company has decided to raise funds as it was available at competitive price.

Reliance is looking a seven year period loan with below 200 basis points (bps) all-in for which bids are due today.

------------------------------------------------------------------
4) Rabobank May Offload Stake in Yes Bank
http://www.dealcurry.com/2010064-Rabobank-May-Offload-Stake-in-Yes-Bank.htm

Rabobank is planning to offload its 15.9% stake in Yes Bank Ltd, inorder to start its own branch in India.

As per Indian banking regulations, a foreign bank that holds a stake in a domestic bank cannot simultaneously operate a branch network in the country.

Rabobank International Holding BV has started negotiations with investors for its stake sale and may take place in phased manner due to more than one investor.