PE VC M&A News from India

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Tuesday, April 10, 2012

Blog Alert for DEALCURRY - Mergers & Acquisitions, Private Equity, I.P.O. / Offerings, Venture Capital, Real Estate, Regulatory,... , Apr 9, 2012

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

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1) Hotelogix Raises $1.2 Mn From Accel Partners, Blume Ventures, Mumbai Angels
http://www.dealcurry.com/2012049-Hotelogix-Raises-1-2-Mn-From-Accel-Partners-Blume-Ventures-Mumbai-Angels.htm

A cloud-based hospitality solutions provider - Hotelogix has raised $1.2 Mn from Accel Partners, Blume Ventures and Mumbai Angels.

The funds raised will be used for expansion in North American and South American.

Established in 2008, HMS Infotech has developed Hotelogix offers cloud based property management system based on the SAAS model for the small and mid-sized hospitality segment.

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2) Marico To Sell 4.56% To Indivest, Baring India For R500Cr
http://www.dealcurry.com/2012049-Marico-To-Sell-4-56-To-Indivest-Baring-India-For-R500Cr.htm

Marico Limited is planning to sell 4.56% stake for R500Cr to Indivest Pte Ltd and Baring India Private Equity.

The company proposes to issue 22.05Mn shares to Indivest Pte Ltd and 7.35 Mn shares to Baring India Private Equity Fund III at R170 per share aggregating to R500Cr.

The funds raised will be used for funding the proposed acquisition of Paras Personal Care business by the company.

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3) Somany Ceramics Acquires 26% In Commander Vitrified
http://www.dealcurry.com/2012049-Somany-Ceramics-Acquires-26-In-Commander-Vitrified.htm

Somany Ceramics is acquiring 26% stake in Gujarat based Commander Vitrified Private Limited for R3.25Cr.

The company has signed MOU with Commander Vitrified to acquire 26% stake in the company with an option to further increase the same up to 51%.

This deal will give complete access to Somany Ceramics to procure and sell the entire quantity of vitrified tiles to be manufactured by CVPL.

CVPL is at an advanced stage of setting up a new plant to manufacture about 2.65 Mn sqmt of vitrified tiles (polished and glazed) p.a at Morbi (Gujarat). The plant is expected to commence production by the end of May 2012.

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4) Tristar Retail Files For R25Cr IPO
http://www.dealcurry.com/2012049-Tristar-Retail-Files-For-R25Cr-IPO.htm

Tristar Retail Limited has filed DRHP with SEBI to raise R25Cr through an IPO.

The funds raised will be used for working capital (R13Cr); expansion of exclusive brand outlets of brand Denizen (R 5.85Cr); and investment in subsidiary Tristar Retail Concepts Private Limited for expansion of exclusive brand outlets of brand Nokia (R 1.13Cr).

Microsec Capital Limited is the book running lead manager to the issue.

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5) Aavishkaar Invests R26Cr In Karadi Path And Vana Vidyut
http://www.dealcurry.com/2012049-Aavishkaar-Invests-R26Cr-In-Karadi-Path-And-Vana-Vidyut.htm

Aavishkaar, a rural and semi-urban-focussed venture fund has invested R26Cr in Karadi Path Education Company Private Limited and Vana Vidyut Private Limited.

Aavishkaar has invested R8Cr in Karadi Path - an education services firm, while R18Cr in Vana Vidyut - a renewable energy company.

Karadi Path will use the fund raised in expansion of its English language learning operations focussed on primary school students particularly in semi-urban and rural areas.

Vana Vidyut is expected to set up India's first grid-connected bio-mass power plant with captive bio-mass feed stock from dedicated energy plantations.

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6) Tyroo Acquires DGM India
http://www.dealcurry.com/2012049-Tyroo-Acquires-DGM-India.htm

Tyroo, a SVG company has acquired DGM India, a subsidiary of ADH Plc, along with DGM India's MD - Anurag Gupta.

Post acquisition, both companies will continue to run separately. Anurag Gupta will be the MD of DGM and Tyroo Direct will continue to be headed by Siddharth Puri.

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7) Piramal Realty Acquires Gulita For R452Cr From HUL
http://www.dealcurry.com/2012049-Piramal-Realty-Acquires-Gulita-For-R452Cr-From-HUL.htm

Piramal Realty has acquired Gulita - property in south Mumbai from Hindustan Unilever  for R452Cr.

Piramal Realty is planning to develop high-end luxury apartments on the one-acre land and Ajay Piramal might keep a part of it for his personal use, given the premium location, according to ET.

Gulita  is a one-acre property in Worli Seaface, which used to house a training centre and private residences of senior executives of Unilever's Indian arm.

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8) Sahara India To Acquire 85% In Dream Downtown
http://www.dealcurry.com/2012049-Sahara-India-To-Acquire-85-In-Dream-Downtown.htm

Sahara India is planning to acquire 85% stake in Sant Singh Chatwal's flagship property Dream Downtown Hotel in New York through its Mauritius based subsidiary Aamby Valley Ltd.

The Chatwal group will retain the remaining 15% stake in hotel, while the existing franchise agreement with the Wyndham Hotel Group to run Dream Downtown will continue to remain in place even after Sahara takes over the hotel.

Dream Downtown has 315 rooms, an expansive rooftop lounge, a beach club and extensive fitness facilities with spa services.

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Self storage facilities are cash cows!
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Thursday, April 5, 2012

Blog Alert for DEALCURRY - Mergers & Acquisitions, Private Equity, I.P.O. / Offerings, Venture Capital, Real Estate, Regulatory,... , Apr 4, 2012

New Posts to DEALCURRY - Mergers & Acquisitions, Private Equity, I.P.O. / Offerings, Venture Capital, Real Estate, Regulatory,... on Apr 4, 2012:

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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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Self storage facilities are cash cows!
http://hasslefreehouses.com/selfstorage

Wednesday, April 4, 2012

Blog Alert for DEALCURRY - Mergers & Acquisitions, Private Equity, I.P.O. / Offerings, Venture Capital, Real Estate, Regulatory,... , Apr 3, 2012

New Posts to DEALCURRY - Mergers & Acquisitions, Private Equity, I.P.O. / Offerings, Venture Capital, Real Estate, Regulatory,... on Apr 3, 2012:

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1) Origio A/s Acquires 51% Trivector Scientific For 3.3Mn Euros
http://www.dealcurry.com/2012043-Origio-A-s-Acquires-51-Trivector-Scientific-For-3-3Mn-Euros.htm

Origio A/s is acquiring a 51% stake in Trivector Scientific for 3.3Mn Euros. Post acquisition, it will operate as a JV to focus on introducing and selling more equipments, consumables, disposables, culture media, providing other maintenance services and to increase awareness about the issue in the society.

BDO International was the sole advisor to the deal.

Trivector Group, established in 1993, is a pioneering name in the field of assisted reproductive technology in India.

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2) Ace Tours To Raise Funds For Expansion
http://www.dealcurry.com/2012043-Ace-Tours-To-Raise-Funds-For-Expansion.htm

Surat based Ace Tour Worldwide Limited is planning to raise IPO through issue of 8.1Mn shares by diluting 52.88% stake in the company.

The funds raised will be used to set up service apartment facilty at Surat; to upgrade the ardware and software facilities for webportal;  for brand building exercise and for working capital requirement.

Corporate Strategic Allianze is the book running lead manager to the issue.

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3) Savaari Car Rentals Raises Series A Funding From Inventus Capital
http://www.dealcurry.com/2012043-Savaari-Car-Rentals-Raises-Series-A-Funding-From-Inventus-Capital.htm

Savaari Car Rentals has raised R5Cr Series A funding from Inventus Capital Partners. Samir Kumar and Parag Dhol from Inventus Advisory Services (India) will be joining the Board of Directors at Savaari.

Savaari will use the funds to build a backend engine to allow easy bookings management, as well as giving automated billing for its customers. Savaari will also use the funds raised to hire top marketing talent, and grow its business across cities by establishing a robust sales network. some of these funds will also be used to enhance technology solutions to deliver superior travel experiences to the customer.

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4) Money on Mobile Raises $29.7Mn From Calpain Inc
http://www.dealcurry.com/2012043-Money-on-Mobile-Raises-29-7Mn-From-Calpain-Inc.htm

Mumbai-based mobile payment service provider My Mobile Payments Limited has raised $29.7 Mn from U.S.-based Calpian Inc.

According to Medianama, Calpain has not directly invested in My Mobile Payments. It has invested in a newly formed company Digital Payments Processing Limited, which has entered into a services agreement with MMPL.With this deal Calpian representatives, Montgomery and Pilotte, will hold two of the four Board positions in DPPL and Montgomery will be its Chairman and have a tie-breaking vote. In addition, he will hold one of the 6 Board positions in MMPL.

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5) IFC May Invest In BanyanTree's Second Fund
http://www.dealcurry.com/2012043-IFC-May-Invest-In-BanyanTree-s-Second-Fund.htm

IFC has proposed to invest $25Mn in BanyanTree Capital Advisors Limited in its second fund - BanyanTree Growth Capital II .

BanyanTree Growth Capital II has a target fund size of $150-175 Mn whicht will Invest in small and medium enterprises.

The fund will make investment in areas such as manufacturing and niche industrial segments, which have traditionally received a very small portion of private equity capital in comparison to their total contribution to the Indian economy.

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6) Cytec Industries Acquires Star Orechem's Manufacturing Assets For $37Mn
http://www.dealcurry.com/2012043-Cytec-Industries-Acquires-Star-Orechem-s-Manufacturing-Assets-For-37Mn.htm

US based Cytec Industries Inc. has acquired the manufacturing assets of Star Orechem International Private Limited for $37Mn.

This acquisition will expand it's global manufacturing footprint for the In Process Separation business, providing it with a more direct supply chain line to better serve it's mining customers in Africa and the Asia Pacific region.

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7) CIMB Group To Acquire RBS' Wholesale Banking Business In India
http://www.dealcurry.com/2012043-CIMB-Group-To-Acquire-RBS-Wholesale-Banking-Business-In-India.htm

CIMB Group has entered into an agreement with Royal Bank of Scotland to wholesale banking business in India and in 10 other Asia-Pacific markets for around 75 Mn pounds ($ 120 Mn).

RBS will sell its cash equities, equity capital markets and M&A businesses in India as part of the transaction.The principal benefit of RBS in the sale is to mitigate partially the shutdown costs otherwise associated with these businesses.

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8) Gerresheimer AG Acquires Gujarat-based Neutral Glass & Allied Industries
http://www.dealcurry.com/2012043-Gerresheimer-AG-Acquires-Gujarat-based-Neutral-Glass-Allied-Industries.htm

Germany based Gerresheimer AG has agreed to acquire a 70% stake in Gujarat-based Neutral Glass & Allied Industries. The terms of the transaction were not disclosed.

Gerresheimer said that the acquisition will give it a modern pharma glass production facility in India. It will also create a strong industrial foothold to complement Gerresheimer's existing distribution network in India. Incorporated in May 1986, the Mumbai-based Neutral Glass & Allied Industries Private Limited manufactures Type-1 and Type-3 glass bottles and vials for the pharmaceutical industry. The company is entirely held by the promoter group, comprising the Shah, Vaziralli and Merchant families. 

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Self storage facilities are cash cows!
http://hasslefreehouses.com/selfstorage

Tuesday, April 3, 2012

Blog Alert for DEALCURRY - Mergers & Acquisitions, Private Equity, I.P.O. / Offerings, Venture Capital, Real Estate, Regulatory,... , Apr 2, 2012

New Posts to DEALCURRY - Mergers & Acquisitions, Private Equity, I.P.O. / Offerings, Venture Capital, Real Estate, Regulatory,... on Apr 2, 2012:

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1) Marico To Raise $100Mn PE Funding
http://www.dealcurry.com/2012042-Marico-To-Raise-100Mn-PE-Funding.htm

Marico is talking to a number of PE funds including GIC, Temasek and Khazanah to raise upto $100Mn by selling about 5% stake in the entity.

According to ET,  Citi and Kotak Investment Banking are likely advisors to Marico for the fund raising process.

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2) Mohandas Pai And Rajani Pai Invest In BookAdda.com
http://www.dealcurry.com/2012042-Mohandas-Pai-And-Rajani-Pai-Invest-In-BookAdda-com.htm

TV Mohandas Pai and his partner Ranjan Pai have invested in online book retailer - BookAdda.com from $100 Mn PE Fund launched last August.

The fund has also invested $8 Mn in California-based medical technology company Insightra, along with investment in one more Indian company and US based company.

BookAdda is an Indian online bookstore with collection of over 10 Mn books with more than 22,54,279 authors.

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3) India Venture Advisors Invests R40Cr In Tulsi Castings
http://www.dealcurry.com/2012042-India-Venture-Advisors-Invests-R40Cr-In-Tulsi-Castings.htm

Piramal Group's PE fund - India Venture Advisors has invested R40Cr in Sangli based manufacturer of ductile iron castings -  Tulsi Castings and Machining.

SBI Capital Markets Ltd was the sole advisor to the company for this transaction.

Tulsi Castings and Machining Limited (erstwhile Tulsi Foundries Limited) was acquired by the present management and commenced operations in the year 2004, after BM Jain and RM Jain acquired the foundry assets from SICOM Ltd.

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4) ABP May Buyout Star News' Stake In JV
http://www.dealcurry.com/2012042-ABP-May-Buyout-Star-News-Stake-In-JV.htm

ABP Private Limited is planning to buy out Star Group Limited’s stake in news television JV- Media Content and Communications Services India Private Limited.

Formed in 2003, MCCS is a 74:26 JV between ABP TV and STAR News Broadcasting. MCCS broadcasts three 24-hour news channels, STAR News in Hindi, STAR Ananda in Bengali and STAR Majha in Marathi.

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5) India Agri Business Fund Invests R50Cr In Super Agri Seeds
http://www.dealcurry.com/2012042-India-Agri-Business-Fund-Invests-R50Cr-In-Super-Agri-Seeds.htm

India Agri Business Fund has invested R50Cr in Hyderabad-based Super Agri Seeds Pvt. Ltd.

Super Agri Seeds will use the funds to finance its expansion and set up Research and development centres in Hyderabad and in Bangalore.The company is planning to tie-up with two European agro-based companies for R&D by next year. The company is targeting to achieve a R350Cr turnover by 2015, as against the expected turnover of R75Cr this year.  

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6) Kajaria Ceramics Acquires 51% In Vennar Ceramics
http://www.dealcurry.com/2012042-Kajaria-Ceramics-Acquires-51-In-Vennar-Ceramics.htm

Kajaria Ceramics Limited has acquired 51% stake in Hyderabad based Vennar Ceramics Limited for R13.65Cr.

Kajaria will subscribe to fresh equity share capital of Vennar and upon acquisition of shares and completion of other formalities, Vennar Ceramics will become the subsidiary of the company.

Vennar is setting up a new plant which would start commercial production in June 2012. This will help Kajaria to cater to the southern markets from this plant enabling the company to reduce the transit time for the delivery of goods and savings in transportation cost.

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7) ASK Properties To Acquire 49% In Godrej Properties' Redevelopment Project
http://www.dealcurry.com/2012042-ASK-Properties-To-Acquire-49-In-Godrej-Properties-Redevelopment-Project.htm

ASK Property Investment Advisors is acquiring a 49% stake in Godrej Landmark Redevelopers, a subsidiary of Godrej Properties.

According to a report on BSE, ASK will pay a R20Cr premium to GLRPL for its 49% stake in the project.

Godrej Landmark Redevelopers has entered into a tripartite agreement with Kamla Landmarc Property Leasing and Finance Pvt Ltd and 18 societies to undertake a residential redevelopment project in Sahakar Nagar, Chembur, Mumbai.

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8) DMI Finance Acquires 16% In Alchemist ARC
http://www.dealcurry.com/2012042-DMI-Finance-Acquires-16-In-Alchemist-ARC.htm

DMI Finance has acquired 16% stake in Alchemist Asset Reconstruction Company. The terms of the transaction were not disclosed, however according to a report on ET, the deal size is estimated to be about R32Cr.

Alchemist ARC is in the business since 2002. It claims to have over 100 years of cumulative experience in the banking domain across international and domestic banks such as Citigroup, SBI, ICICI, Dhanalaxmi, and Bank of Tokyo- Mitsubishi.

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Self storage facilities are cash cows!
http://hasslefreehouses.com/selfstorage

Saturday, March 31, 2012

Blog Alert for DEALCURRY - Mergers & Acquisitions, Private Equity, I.P.O. / Offerings, Venture Capital, Real Estate, Regulatory,... , Mar 30, 2012

New Posts to DEALCURRY - Mergers & Acquisitions, Private Equity, I.P.O. / Offerings, Venture Capital, Real Estate, Regulatory,... on Mar 30, 2012:

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1) A2dc Acquires Gurgaon based Mobile Marketing Firm - Mobimasta
http://www.dealcurry.com/20120330-A2dc-Acquires-Gurgaon-based-Mobile-Marketing-Firm-Mobimasta.htm

A2dc has acquired Gurgaon based Mobimasta, a mobile marketing agency.

Anurag Singh founder of Mobimasta has joined as the COO of ad2c.

Founded in 2009 by Anurag Singh, Viraj Singh and Alok Pabalkar, Mobimasta provides end to end mobile marketing services, ranging from creative ideation and development to media buying and campaign implementation.

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2) PTC India Financial Services Sells 14.01% In IEX For R71Cr
http://www.dealcurry.com/20120330-PTC-India-Financial-Services-Sells-14-01-In-IEX-For-R71Cr.htm

PTC India Financial Services has divested 14.01% stake in Indian Energy Exchange for R70.76Cr. The shares were sold at R166.51 each. The identity of the buyer was not disclosed, however Renuka Ramnath's Multiples Alternate Asset Management could be the buyer as it had already obtained FIPB clearance for an investment in IEX.

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3) VenturEast, Zephyr Peacock Invest R30Cr In e2E Rail
http://www.dealcurry.com/20120330-VenturEast-Zephyr-Peacock-Invest-R30Cr-In-e2E-Rail.htm

VenturEast Proactive Fund and Zephyr Peacock have invested R30Cr in Bangalore-based e2E RAIL, a rail services company focusing primarily on signalling, track and electrification sectors in India and overseas markets.

The funds raised will help e2E to ramp up its global presence, training facilities and working capital capacity.

The PE funds also plan to invest an incremental R30Cr in subsequent years.

AGacquisitions & Co  was the exclusive advisor to e2E RAIL on this transaction.

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4) International Papers May Acquire Century Textiles' Paper Biz
http://www.dealcurry.com/20120330-International-Papers-May-Acquire-Century-Textiles-Paper-Biz.htm

US based International Papers may acquire Century Textiles' paper business in India for about R2000Cr.

Last year, it had acquired 53.5% stake in  Andhra Pradesh Paper Mills at R1400Cr. It was at a huge premium to the then CMP of the company. B K Birla promoted Century Textiles manufactures textile products, cement, and pulp and paper products.

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5) DTDC To Expand In West Asia Through Acquisitions
http://www.dealcurry.com/20120330-DTDC-To-Expand-In-West-Asia-Through-Acquisitions.htm

Courier Services provider – DTDC is planning to acquiring a company in West Asia for expansion.

According to BL, the company has set up joint ventures in Canada and China and also planning expansion in Australia in next two years.

DTDC is also planning to strengthen the business by servicing e-commerce and other Cash-on-Delivery (COD) businesses specifically.

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6) DTL Ancillaries Raises $10Mn From India Industrial Growth Fund
http://www.dealcurry.com/20120330-DTL-Ancillaries-Raises-10Mn-From-India-Industrial-Growth-Fund.htm

Pune based customized roll forming firm - DTL Ancillaries Ltd has raised PE funding from India Industrial Growth Fund. India Industrial Growth Fund has committed to invest a total of $10Mn in the company in two tranches for a 26% stake. The first tranche of the investment has been completed.

Yes Bank acted as the exclusive advisor to DTL Ancillaries Ltd.

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7) Lok Capital To Invest $5Mn In IFMR Rural Channels
http://www.dealcurry.com/20120330-Lok-Capital-To-Invest-5Mn-In-IFMR-Rural-Channels.htm

Lok Capital has invested $5Mn in IFMR Rural Channels for an undisclosed stake. These funds will be used for building Kshetriya Gramin Financial Services which offers financial services in remote rural locations, according to ET.

The KGFS portfolio includes savings, remittance, insurance, small-ticket loans and investments using a wealth management approach for low-income consumers. At present there are about five KGFS centres serving 10 districts across Tamil Nadu, Orissa and Uttarakhand.

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Self storage facilities are cash cows!
http://hasslefreehouses.com/selfstorage

Friday, March 30, 2012

Blog Alert for DEALCURRY - Mergers & Acquisitions, Private Equity, I.P.O. / Offerings, Venture Capital, Real Estate, Regulatory,... , Mar 29, 2012

New Posts to DEALCURRY - Mergers & Acquisitions, Private Equity, I.P.O. / Offerings, Venture Capital, Real Estate, Regulatory,... on Mar 29, 2012:

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1) Valiant Mauritius Invests In Shriram Housing Finance
http://www.dealcurry.com/20120329-Valiant-Mauritius-Invests-In-Shriram-Housing-Finance.htm

Valiant Mauritius Partners FDI Limited has invested in Shriram Housing Finance Limited, subsidiary of Shriram City Union Finance according to announcement on BSE.

The terms of the transaction were not disclosed, however Shriram Housing Finance had announced plans to  raise R75Cr from both PE investors and the promoters by diluting 20-22% stake.

Shriram Housing is the mortgage lending arm of Shriram Group. The housing finance business was started with an initial capital of around R15Cr. The company is engaged into asset backed lending, truck finance, personal finance, insurance and real estate.

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2) Elucido Media Networks To Raise Funds For Expansion
http://www.dealcurry.com/20120329-Elucido-Media-Networks-To-Raise-Funds-For-Expansion.htm

Bangalore-based Elucido Media Networks Private Limited is planning to raise Series B funding.

The funds raised will be used to expand sales and marketing operations in South East Asia and US. Earlier in 2009, Elucido raised Series A funding from Trident Capital.

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3) Carlyle Group, TPG Capital May Invest In Fortis Healthcare
http://www.dealcurry.com/20120329-Carlyle-Group-TPG-Capital-May-Invest-In-Fortis-Healthcare.htm

Fortis Healthcare India Limited is planning to raise funds from Carlyle Group and TPG Capital by divesting 15-20% stake in the company.

Fortis promoters - Singh brothers are likely to sell an additional 6.5% through a stock auction, and this may be followed by the 15%-20% placement.

Fortis founders owned 81.48% of the company as at Dec. 31, 2011. They have to cut their stake to follow Indian rules, which state that the public should hold at least 25% of any listed company.

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4) Naturals Beauty To Raise R100Cr PE Funding
http://www.dealcurry.com/20120329-Naturals-Beauty-To-Raise-R100Cr-PE-Funding.htm

Chennai based Unisex Salon - Naturals Beauty Salon India Private Limited is planning to raise R100Cr PE funding for expansion.

The funds raised will be used to expand its number of salons to 1,000 in the next three years.

Founded in 2000 by Veena Kumaravel, Naturals Beauty Salon owns and operates beauty salons under the name 'Naturals'.

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5) Proof of Performance Data Raises Funds From YourNest Angel
http://www.dealcurry.com/20120329-Proof-of-Performance-Data-Raises-Funds-From-YourNest-Angel.htm

YourNest Angel Fund has invested in Proof of Performance Data Services Private Limited. The size of the investment was not disclosed.

The funds raised will be used for infrastructure facilities, product extensions and technology adoption. With this investment PoP will strengthen its technology platform, Earthive.

Subsequent to this investment, Sunil K Goyal - CEO of YourNest Angel has joined the board of Proof of Performance, as a director.

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Self storage facilities are cash cows!
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Thursday, March 29, 2012

Blog Alert for DEALCURRY - Mergers & Acquisitions, Private Equity, I.P.O. / Offerings, Venture Capital, Real Estate, Regulatory,... , Mar 28, 2012

New Posts to DEALCURRY - Mergers & Acquisitions, Private Equity, I.P.O. / Offerings, Venture Capital, Real Estate, Regulatory,... on Mar 28, 2012:

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1) Germany Based STEAG To Acquire 5% In Hinduja National Power
http://www.dealcurry.com/20120328-Germany-Based-STEAG-To-Acquire-5-In-Hinduja-National-Power.htm

Germany based energy major STEAG GmBH has agreed to acquire 5% stake in Hinduja National Power Corporation Ltd (HNPCL) through its subsidiary STEAG Energy Services GmbH. According to the agreement between the two entities, STEAG will have the option to invest in future power projects of the group.

Besides, Hinduja group's power sector holding company Hinduja Energy India Ltd is forming JV with STEAG Energy Services (India) Pvt Ltd  for operations and maintenance of various power projects in India.

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2) Essel Group Acquires 10.19% In IVRCL
http://www.dealcurry.com/20120328-Essel-Group-Acquires-10-19-In-IVRCL.htm

Essel Group has acquired 10.19% stake in IVRCL Limited through open market transactions.

Essel Group has acquired the stake through Asian Satellite Broadcast Pvt Ltd and Jay Properties Pvt Ltd.

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3) Phillip Capital To Acquire MF Global Sify Securities India
http://www.dealcurry.com/20120328-Phillip-Capital-To-Acquire-MF-Global-Sify-Securities-India.htm

Singapore based Phillip Capital is acquiring MF Global's India broking business in an all cash deal. The transaction is subject to regulatory and statutory approvals in the respective countries.

MF Global Sify Securities India is a 70:30JV between MF Global and Sify Technology Ltd. It has been on the block after it's parent MF Global Holdings filed for bankruptcy protection in October last year.

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4) IIMjobs Raises Funding From One97 Communication, India Venture Partners
http://www.dealcurry.com/20120328-IIMjobs-Raises-Funding-From-One97-Communication-India-Venture-Partners.htm

IIMjobs.com, job portal for MBAs has raised seed funding from One97 Communications, India Venture Partners, Pallav Nadhani, Abhishek Rungta, Anand Lunia, Shailesh Vickram Singh, Sachin Garg and others.

The funds raised will be used to develop the platform and to build a customer facing team. The company is ramping up the engineering team to build tools to help recruiters and jobseekers find each other.

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5) Readymade Steel India Acquires Singapore Based KH Forge
http://www.dealcurry.com/20120328-Readymade-Steel-India-Acquires-Singapore-Based-KH-Forge.htm

Mumbai based Readymade Steel India has acquired majority stake Singapore based building and construction firm - KH Forge Pte Limited. The terms of the the transaction were not disclosed.

This acquisition will help the firm enter the specialised segment of foundation engineering.

KH Forge specializes in bored cast in-place concrete piling and driven piling foundation work, providing complete services including design, supply, construction and project management. It is registered as a Specialist Builder with the Building and Construction Authority Singapore. It has revenues of about R300Cr and an outstanding order book of an equivalent amount.

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http://hasslefreehouses.com/selfstorage

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