Blog Alert for DEALCURRY - Mergers & Acquisitions, Private Equity, I.P.O. / Offerings, Venture Capital, Real Estate, Regulatory,... , Jan 13, 2012

New Posts to DEALCURRY - Mergers & Acquisitions, Private Equity, I.P.O. / Offerings, Venture Capital, Real Estate, Regulatory,... on Jan 13, 2012:

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1) Violet Arch Capital To Raise $500 Mn PE Fund
http://www.dealcurry.com/20120113-Violet-Arch-Capital-To-Raise-500-Mn-PE-Fund.htm

Violet Arch Capital Advisor is set to raise a $500Mn sector agnostic PE fund - Violet Arch Strategic Themes (VAST) fund.

VAST fund, a mix of offshore and domestic, will invest in the range of $50-75 Mn.

Violet Arch Capital is founded by Varun Bajpai, former SBI Macquarie Infrastructure Fund chief executive.

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2) Synthite Industries Acquires Chinese Natural Colors Maker For R159Cr
http://www.dealcurry.com/20120113-Synthite-Industries-Acquires-Chinese-Natural-Colors-Maker-For-R159Cr.htm

Kochi based Synthite Industries Ltd has acquired a China based undisclosed natural specialities and color manufacturer for R159Cr.

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3) Italy Based Fabbrica Italiana Acquires 18.5% Stake In Writefine Pencils
http://www.dealcurry.com/20120113-Italy-Based-Fabbrica-Italiana-Acquires-18-5-Stake-In-Writefine-Pencils.htm

Italy based Fabbrica Italiana Lapis ed Affini (FILA) has acquired 18.5% stake in RR Group's Writefine Products Pvt Ltd with the option to increase its stake up to 50%. Writefine Products will now operate as a JV.

Leonardo&Co advised FILA, while Altaberke Capital Advisors were the financial advisors to the RR Group.

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4) L&T Infra Raises $100Mn For Solar Projects
http://www.dealcurry.com/20120113-L-T-Infra-Raises-100Mn-For-Solar-Projects.htm

L&T Infrastructure Finance Company Limited has raised $100Mn for solar power projects through ECB.

According to BL, the ECB borrowings have been done to lower the cost of funds. The company has drawn $45 Mn till September 30, of the total ECB borrowings so far.

The issue is on and closes on February 11.

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5) Jacob Ballas May BuyOut IDFC PE's Stake In Karaikal Port
http://www.dealcurry.com/20120113-Jacob-Ballas-May-BuyOut-IDFC-PE-s-Stake-In-Karaikal-Port.htm

Jacob Ballas may buyout IDFC Project Equity's stake in Karaikal Port Pvt Ltd, reports BS.
IDFC Project Equity had invested R150Cr through it's India Infrastructure Fund in March 2010. In September2011, it raised R200Cr from Ascent Capital. 

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Blog Alert for DEALCURRY - Mergers & Acquisitions, Private Equity, I.P.O. / Offerings, Venture Capital, Real Estate, Regulatory,... , Jan 12, 2012

New Posts to DEALCURRY - Mergers & Acquisitions, Private Equity, I.P.O. / Offerings, Venture Capital, Real Estate, Regulatory,... on Jan 12, 2012:

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1) HUDCO To Raise R4685Cr Through Tax Free Bonds
http://www.dealcurry.com/20120112-HUDCO-To-Raise-R4685Cr-Through-Tax-Free-Bonds.htm

Housing and Urban Development Corporation (Hudco) is planning to raise up to R4685Cr through a public issue of tax-free bonds.

The company proposes to make a public issue of tax-free bonds of face value of R1,000 each and the bonds will be issued at par in one or more tranches.

The funds raised will be utilised in project financing.

Enam Securities and SBI Capital Markets are the lead managers to the issue.

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2) Oil India May Bid For Cove Energy Plc
http://www.dealcurry.com/20120112-Oil-India-May-Bid-For-Cove-Energy-Plc.htm

Oil India Ltd may bid for Cove Energy Plc, which put itself up for sale last week.

According to reports, bids for Cove Energy may exceed $1.2Bn, Cove has a maket value of $950Mn. Oil India may face competition from Chinese suitors.

Standard Chartered Bank and Cenkos Securities Plc are advising Cove on the sale.

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3) Sistema Shyam Raises R1280Cr Through NCDs
http://www.dealcurry.com/20120112-Sistema-Shyam-Raises-R1280Cr-Through-NCDs.htm

Sistema Shyam TeleServices Limited has raised R1280Cr from Deutsche Bank through NCDs.

The company will utilize the proceeds to further scale up telecom operations and repayment of maturing loan. The tenor of the entire amount is eight years, repayable by 2019.

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4) France Based Vinci Acquires NAPC Ltd
http://www.dealcurry.com/20120112-France-Based-Vinci-Acquires-NAPC-Ltd.htm

France based construction major - Vinci has acquired 100% stake in Chennai based NAPC Ltd for an undisclosed amount.

Varun Manian - Vice Chairman, NAPC Ltd, has resigned from the Board and Vice-Chairmanship. His father, Mr K.S. Manian, who is today the Chairman, will however continue as NAPC's Managing Director for three years.

Manians will deploy the proceeds into the family's real estate and renewable energy businesses.

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5) FICCI To Raise $15 Mn Venture Capital Fund
http://www.dealcurry.com/20120112-FICCI-To-Raise-15-Mn-Venture-Capital-Fund.htm

Federation of Indian Chambers of Commerce and Industry (FICCI) along with civilian foreign aid agency of the US federal government, USAID has launched $15 Mn (R78Cr) VC fund - Millennium Innovation Fund.

The fund will support, sustain and scale up grand local ideas and innovations that can also be commercialised for India and other emerging markets.

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6) DaVita Inc, NEA Invests $25Mn In NephroLife Care
http://www.dealcurry.com/20120112-DaVita-Inc-NEA-Invests-25Mn-In-NephroLife-Care.htm

Kidney Care provider - DaVita Inc. and New Enterprise Associates have invested $25Mn in Bangalore based NephroLife Care Pvt Ltd. The funds will be used to expand it's presence across the country.

NephroLife was started in 2009 by Shriram Vijayakumar. It runs 10 renal care clinics across Bangalore, Hyderabad, Chennai, Puducherry, Hosur and Tumkur. Its flagship clinics have 20-25 beds. The company intends to have 50 centres across India by 2015.

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Blog Alert for DEALCURRY - Mergers & Acquisitions, Private Equity, I.P.O. / Offerings, Venture Capital, Real Estate, Regulatory,... , Jan 11, 2012

New Posts to DEALCURRY - Mergers & Acquisitions, Private Equity, I.P.O. / Offerings, Venture Capital, Real Estate, Regulatory,... on Jan 11, 2012:

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1) Clearwater Capital May Acquire 26% Stake In Kamat Hotels
http://www.dealcurry.com/20120111-Clearwater-Capital-May-Acquire-26-Stake-In-Kamat-Hotels.htm

Clearwater Capital Partners has made an open offer to acquire 26% post conversion equity share capital of Kamat Hotels.

Clearwater is offering a price of R135 per equity share for the acquisition of 4,964,283 shares aggregating to R67Cr. Systematix Corporate Services Ltd is managing the open offer for Clearwater Capital Partners.

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2) Beacon India Acquires Stake In Sterling Holidays For R4.56Cr
http://www.dealcurry.com/20120111-Beacon-India-Acquires-Stake-In-Sterling-Holidays-For-R4-56Cr.htm

Beacon India Private equity Fund has bought stake in Sterling Holiday Resort India Limited from Leena Investments through a bulk deal on BSE.

Beacon India purchased 5.4 lakhs shares at a price of R84.5 per share aggregating to R4.56Cr.

Last year company raised R120Cr through preferential allotment of shares and convertible warrants, to fund expansion plans. Rakesh Jhunjhunwala and Radhakrishna Damani bought shares in the company during the fund raising.

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3) GoI Opens Up Single Brand Retail, Allows 100% FDI
http://www.dealcurry.com/20120111-GoI-Opens-Up-Single-Brand-Retail-Allows-100-FDI.htm

Indian Government has opened up single brand retail business in India by allowing 100% FDI.

This announcement comes days after GoI's proposal to allow 51% FDI in multi brand retail triggered protests. The Government than ssuspended plans to allow FDI in multi branded retail.

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4) Sunteck Realty To Raise PE Funding For Goregaon Project
http://www.dealcurry.com/20120111-Sunteck-Realty-To-Raise-PE-Funding-For-Goregaon-Project.htm

Sunteck Realty Limited is planning to raise funds for Goregaon project in Mumbai.

The company has signed agreement to acquire 10 acres land in Goregaon suburb of Mumbai for nearly R350Cr and is in talks with PE firms to joint development.

According to ET, currently a part of this land parcel is occupied by cattle sheds, while rest is a vacant plot.

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5) Pratibha Industries Plans To Sell Saw Pipes Biz For R110Cr
http://www.dealcurry.com/20120111-Pratibha-Industries-Plans-To-Sell-Saw-Pipes-Biz-For-R110Cr.htm

Pratibha Industries Limited is planning to sell its saw pipes manufacturing business in order to reduce cost and improve net profit margin.

In Oct 2010, ChrysCapital invested R50Cr ($11.35 Mn) in Pratibha Industries Ltd.
It made preferential allotment of equity shares and CCPPS to "Van Dyck" a subsidiary of "ChrysCapital V, LLC" for R92 per equity share and CCPPS of face value up to R92.

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6) Muthoot Fincorp To Raise R500-600Cr PE Funding
http://www.dealcurry.com/20120111-Muthoot-Fincorp-To-Raise-R500-600Cr-PE-Funding.htm

Muthoot Fincorp is planning to raise about R500-600Cr PE investment by offloading 5-6% stake.

The proceeds will be used to fund it's expansion plans over the next one year. It is looking to add 1000 more branches in next one year.

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7) Fourcee Infra Raises $104Mn From General Atlantic
http://www.dealcurry.com/20120111-Fourcee-Infra-Raises-104Mn-From-General-Atlantic.htm

Fourcee Infrastructure has raised $104Mn of growth capital from General Atlantic. The funds will be used to expand tank terminals, add more containers and to strengthen its infrastructure.

Ranjit Pandit, managing director at General Atlantic will be joining the board of Fourcee.The company raised R50Cr from Mayfield India Fund and SIDBI Venture Capital in March 2010. 

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Blog Alert for DEALCURRY - Mergers & Acquisitions, Private Equity, I.P.O. / Offerings, Venture Capital, Real Estate, Regulatory,... , Jan 10, 2012

New Posts to DEALCURRY - Mergers & Acquisitions, Private Equity, I.P.O. / Offerings, Venture Capital, Real Estate, Regulatory,... on Jan 10, 2012:

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1) Bandhan MFI To Raise R70-80Cr By Issuing NCDs
http://www.dealcurry.com/20120110-Bandhan-MFI-To-Raise-R70-80Cr-By-Issuing-NCDs.htm

According to ET, Bandhan Financial Services is planning to raise R70-80 Cr in February by issuing NCDs. This is part of Bandhan's annual plan of R2400Cr. The funds will be used for on-lending to poor women borrowers in 1,553 branches.

Earlier in Nov'11, Bandhan raised $7Mn debt from Switzerland based responsAbility Social Investments AG.

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2) IFC Invests In Blackstone Backed - FINO
http://www.dealcurry.com/20120110-IFC-Invests-In-Blackstone-Backed-FINO.htm

IFC has invested in Financial Inclusion Network And Operations Limited. The funds will be used for scaling up its low-income group remittance, deposit and insurance business.

Last July, the company raised R150Cr from Blackstone.

Earlier, it has raised funding from IFC, HSBC Private Equity and Intel Capital.

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3) Oman Fund Gets FIPB Approval For R13.75Cr Investment In UCX
http://www.dealcurry.com/20120110-Oman-Fund-Gets-FIPB-Approval-For-R13-75Cr-Investment-In-UCX.htm

Oman Investment Fund's application to invest R13.75Cr in Universal Commodity Exchange has been approved by the FIPB. The investment is being made through Funderburk 2 Mauritius Ltd.
Rural Electrification Corporation may also acquire 16% stake in the commodity exchange.

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4) Grant Thorton India Hires Munesh Khanna As It's Senior Partner
http://www.dealcurry.com/20120110-Grant-Thorton-India-Hires-Munesh-Khanna-As-It-s-Senior-Partner.htm

Grant Thorton India has appointed Centrum Capital's Munesh Khanna its new senior partner for it's M&A and PE advisory businesses.

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5) Canaan Partners Closes $600Mn Technology & Healthcare Fund
http://www.dealcurry.com/20120110-Canaan-Partners-Closes-600Mn-Technology-Healthcare-Fund.htm

Canaan Partners has announced the closing of a $600Mn fund Canaan IX.

Canaan Partners will invest two thirds of this new fund in technology in fields including digital media, consumer Internet, enterprise, mobile and communications companies in the U.S., India and Israel, while the balance will go to health care investments in biopharmaceutical, medical device and health care infrastructure companies.

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6) Tricom India To Raise R20.25Cr For Expansion
http://www.dealcurry.com/20120110-Tricom-India-To-Raise-R20-25Cr-For-Expansion.htm

Tricom India Limited is raising R20.25Cr through preferential allotment and convertible warrant.

The company approved the allotment of 10 Mn equity share of R2 per share at R13.5/- and 5 Mn convertible warrant of R13.5/-.

According to Tricom's annual report, the company is raising funds for normal capital expenditure, expansion, acquisition's, general corporate purposes, working capital requirements etc.

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7) Saga Music Acquires Punjabi Content Focused Company - Lucky Stars
http://www.dealcurry.com/20120110-Saga-Music-Acquires-Punjabi-Content-Focused-Company-Lucky-Stars.htm

Saga Music has acquired music label Lucky Stars, a regional music company with focus on Punjabi content.

This acquisition will widen Saga Music's presence in Indian regional and devotional music distribution. The company will add to its catalogue over 125 albums released by Lucky Stars in 5 different languages, which include Punjabi chartbusters Lalan Di Qurbani and Roula Pai Gaya.

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Self storage facilities are cash cows!
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Blog Alert for DEALCURRY - Mergers & Acquisitions, Private Equity, I.P.O. / Offerings, Venture Capital, Real Estate, Regulatory,... , Jan 9, 2012

New Posts to DEALCURRY - Mergers & Acquisitions, Private Equity, I.P.O. / Offerings, Venture Capital, Real Estate, Regulatory,... on Jan 9, 2012:

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1) Octant Industries To Raise R13Cr For Power Plant
http://www.dealcurry.com/2012019-Octant-Industries-To-Raise-R13Cr-For-Power-Plant.htm

Octant Industries Limited is raising R13Cr on preferential basis to part finance it's ongoing power project. 

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2) Goodwill Hospital Withdraws IPO Due To Poor Investor Reponse
http://www.dealcurry.com/2012019-Goodwill-Hospital-Withdraws-IPO-Due-To-Poor-Investor-Reponse.htm

Noida based Goodwill Hospital has withdrawn it's IPO due to poor investor reponse.

The issue which was open from December 30, 2011 to January 09, 2012 was subscribed 0.01 times till January 06, 2011, as per the NSE website. QIBs, FIIs and DIIs did not bid at all. Out of a total of 22015 bids received, 9730 bids were by the non-institutional investors and 12285 bids were from the retail investors.

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3) Aanjaneya Lifecare To Acquire Apex Drugs & Intermediates
http://www.dealcurry.com/2012019-Aanjaneya-Lifecare-To-Acquire-Apex-Drugs-Intermediates.htm

Aanjaneya Lifecare may acquire Apex Drugs & Intermediates Ltd. Aanjaneya is negotiating the terms for the acquisition of 100% assets and business of Apex.

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4) REC May Acquire 16% Stake In UCX
http://www.dealcurry.com/2012019-REC-May-Acquire-16-Stake-In-UCX.htm

Rural Electrification Corporation may acquire 16% stake in Universal Commodity Exchange for R16Cr valuing UCX at R100Cr.

The deal is subject to approvals from the finance ministry and capital markets regulator Sebi.

This deal will enable UCX to comply with the  equity structure norms which requires 26% shareholding by one or more government companies as partners to the promoter and 20% by government companies, cooperative societies, federations marketing agri inputs, commodity or stock exchanges.

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5) Evolvence India Backed Sutures India To Raise R200Cr
http://www.dealcurry.com/2012019-Evolvence-India-Backed-Sutures-India-To-Raise-R200Cr.htm

Sutures India Private Limited is planning to raise R132-211Cr ($25-40 MM) PE funding for expansion by selling a minority stake in the company.

In 2009, Evolvence India Life Sciences Fund invested R35Cr in the company.

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6) Yatra Online Acquires Events Portal - Buzzintown.com
http://www.dealcurry.com/2012019-Yatra-Online-Acquires-Events-Portal-Buzzintown-com.htm

Yatra Online has acquired events and entertainment portal Buzzintown.com for an undisclosed amount. This acquisition will allow Yatra.com to expand its customer base by adding over 3 million registered users of Buzzintown.com.

Buzzintown is owned by Intel Capital backed Wortal Technologies Pvt Ltd. Intel Capital invested through two rounds in Wortal. Intel is also an investor in Yatra Online.

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Blog Alert for DEALCURRY - Mergers & Acquisitions, Private Equity, I.P.O. / Offerings, Venture Capital, Real Estate, Regulatory,... , Dec 9, 2011

New Posts to DEALCURRY - Mergers & Acquisitions, Private Equity, I.P.O. / Offerings, Venture Capital, Real Estate, Regulatory,... on Dec 9, 2011:

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1) Mannapuram Gold Retail Fund Raise And Recent George Soros Moves
http://www.dealcurry.com/2011129-Mannapuram-Gold-Retail-Fund-Raise-And-Recent-George-Soros-Moves.htm

Till August, George Soros was net long in Gold. That was before all the European bad news flow ticked. And then in august he squared his long gold, like as they say, buy the rumour sell the news.

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2) Manappuram Jewellery To Raise Rs100Cr
http://www.dealcurry.com/2011129-Manappuram-Jewellery-To-Raise-Rs100Cr.htm

Manapuram Jewellery Limited is planning to raise more than Rs100Cr to fund its growth plans.

It plans to expands its stores from 18 to 100 in next two years. Around Rs350Cr has already been invested in the retailer of which founders have contributed Rs125Cr equity, the rest has been raised via bank loans.

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3) Bhuwalka Steel To Sell Assets To Repay Debt
http://www.dealcurry.com/2011129-Bhuwalka-Steel-To-Sell-Assets-To-Repay-Debt.htm

Bangalore based mild steel products manufacturer - Bhuwalka Steel Industries Limited is selling assets to repay debt and meet it's working capital requirements. It is also raising funds by issuing 36,50,000 equity shares to certain investors on a preferential basis. If the shares are issued at the current market price of R20.5, the company will raise upto R7.5Cr.

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4) BNP Paribas To Acquire 100% Stake In BNP Paribas Securities India
http://www.dealcurry.com/2011129-BNP-Paribas-To-Acquire-100-Stake-In-BNP-Paribas-Securities-India.htm

BNP Paribas is buying out Geojit Financial Management Services of it's Indian Broking JV - BNP Paribas Securities India Private Ltd for R40.5Cr.

The JV was formed after BNP Paribas bought a 33% stake in the retail broking business of Geojit Financial Services, which is now Geojit BNP Financial Services. BNP as so far invested R27.5Cr in the firm. This transaction will not change BNP's holding in Geojit BNP Paribas Financial Services.

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Blog Alert for DEALCURRY - Mergers & Acquisitions, Private Equity, I.P.O. / Offerings, Venture Capital, Real Estate, Regulatory,... , Jul 11, 2011

New Posts to DEALCURRY - Mergers & Acquisitions, Private Equity, I.P.O. / Offerings, Venture Capital, Real Estate, Regulatory,... on Jul 11, 2011:

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1) Genpact Acquires Nissan Motor's HR Operation
http://www.dealcurry.com/20110711-Genpact-Acquires-Nissan-Motor-s-HR-Operation.htm

Genpact India has acquired HR services subsidiary of Nissan Motor Co. Ltd and has bagged a seven-year contract to offer HR services to Nissan's employees.

Nissan Human Information Service (NHIS) in Yokohama has 136 staff which will be absorbed by Genpact. NHIS has operated as a subsidiary of Nissan Motor Ltd. since 2000 and currently handles HR functions for 54,000 Nissan employees worldwide. Nissan Human Information will be renamed Genpact Japan Service and will significantly increase Genpact’s onshore service delivery capability in Japan.

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2) Eko India Raises $5.5 Mn From Creation Investments, Promus Equity Partners
http://www.dealcurry.com/20110711-Eko-India-Raises-5-5-Mn-From-Creation-Investments-Promus-Equity-Partners.htm

Delhi-based rural banking infrastructure provider Eko India Financial Services Pvt Ltd has raised $5.5 Mn from US-based PE fund Creation Investments Social Ventures Fund I, with Promus Equity Partners and a consortium of high net worth investors also participating.

The funds raised by Eko will be used for expanding its mobile banking platform and agent footprint, and also in scaling its product footprint.

Last December, Eko India raised Series A funding from US-based 4B Capital.

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3) CLSA's Bhavtosh Vajpayee Joins Barclays Capital As Head Of Equities, India
http://www.dealcurry.com/20110711-CLSA-s-Bhavtosh-Vajpayee-Joins-Barclays-Capital-As-Head-Of-Equities-India.htm

Barclays Bank's investment banking unit Barclays Capital, has appointed Bhavtosh Vajpayee as the MD and Head of Equities for India.

He will be responsible for leading and developing Barclays Capital's India equity research, sales and trading business. He will be based in Mumbai and will report to Mike Di Iorio, Head of Equities for Asia Pacific.

He joins Barclays from CLSA, where he was the head of technology research and has also worked with J P Morgan Stanley.

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4) Group Buying Site GrOffr Raises Funding From Indian Angel Network
http://www.dealcurry.com/20110711-Group-Buying-Site-GrOffr-Raises-Funding-From-Indian-Angel-Network.htm

Mumbai-based RCSPL, which owns real estate group buying portal GrOffr.com is raising its first round of funding from Indian Angel Network.

GrOffr will use the funds for expansion.  Groffr was started in July 2010 by two IIM-Kozhikode alumni Vikhyat Srivastava and Sandeep Reddy. The portal offers group buying deals for high-end products from real estate, automobiles, electronics to even helicopter tour rides. This year in March, Groffr.com acquired Mumbai-based Mobstreet.in, a group buying portal which was founded by Spandan Tolia.

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5) Sage Converts CCPS in Concord EnviroSystems; Now at 26%
http://www.dealcurry.com/20110711-Sage-Converts-CCPS-in-Concord-EnviroSystems-Now-at-26-.htm

Sage NPE India Fund I has converted 420000 CCPS into Equity and now reached close to 26% in Concord EnviroSystems.

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6) PTC India To Float Two PE Funds
http://www.dealcurry.com/20110711-PTC-India-To-Float-Two-PE-Funds.htm

PTC India Limited is looking to float two private equity funds.One fund will be focussed  on renewable energy and will floated by its subsidiary, PTC India Financial Services Limited, while the other fund will be general purpose fund floated by PTC India Ltd.

PTC India is planning JV for these PE funds and is looking for foreign or domestic partners. Last year, PTC India Ltd launched - Ashmore PTC India Energy Infrastructure Fund a PE fund in JV with Ashmore Group Plc, to invest in energy projects.

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7) Providence Equity Partners May Exit Idea Cellular
http://www.dealcurry.com/20110711-Providence-Equity-Partners-May-Exit-Idea-Cellular.htm

US-based Providence Equity Partners may exit from Idea Cellular Ltd.

Providence through its investment arm P5 Asia Investment (Mauritius) Ltd holds 9.99% in Idea Cellular and the stake is valued at around Rs.2,684 Cr at Idea's closing price of Rs.81.35 per share on Friday. Providence had bought 15% in Idea Cellular in 2006 for around Rs.1,800 Cr and diluted 5.01% in various tranches in 5 years.

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