Exclusive: Ajay Relan, the former Managing Director of Citigroup Venture Capital International (CVCI) in India, is believed to have roped in Morgan Creek Capital as an anchor investor in his soon-to-be floated private equity fund. The US-based investment firm is said to be investing $100 million in Relan’s fund, independent sources told VC Circle.
Sources also [...]
Private equity firm New Silk Route Advisors has bought the UK investment group Dawnay Day’s stake in its Indian business, Dawnay Day AV India for about Rs 200 crore, reports Mint. The sale includes Dawnaday International’s 50 percent stake in the Indian venture and the employee trust’s 25 percent holding as well. The deal includes [...]
Mergers & Acquisitions
Kirloskar Acquires Two Companies In Germany: Kirloskar Electric Co. has picked up
stakes in two German firms. It will buy about 95 per cent in German manufacturing firm Lloyd Dynamowerke GmbH & Co and 100 per cent in Lloyd Beteiligungs GmbH from CMP Fonds I GmbH. The acquisitions will be done through its wholly [...]
Policy
Cap On Single Holding In Exchanges Go To 15% - Market regulator SEBI is examining a proposal to raise the equity holding limit in stock exchanges from 5 per cent to 15 per cent. The revised cap would be applicable for single investors, both local and foreign, reports Economic Times. The proposal is being examined [...]
International Finance Corporation (IFC), the private equity arm of the World Bank, has exited its investments in Dabur Pharma with 41 percent return (not factoring in dividend payout) over a three year period. This translates into a compounded annual growth rate of 12.31 percent.
The exit is believed to be linked to the open offer by [...]
Milestone Capital Advisors, the private equity fund which was till now focused on the real estate and infrastructure sector, has launched $150 million (Rs 600 crore) India Build Out Fund-I (IBF-I), which will invest in sectors such as education and media & entertainment. The fund also has a green shoe option of $50 million (Rs [...]
After lending to the small and medium enterprises (SME), ICICI bank, the country’s largest private lender will take equity positions in these companies. ICICI Bank is reportedly planning to set up a small and medium enterprises (SME) focussed private equity fund of $200 million. The proposed SME focussed fund would look at sectors [...]
Private Equity
Sobha Developers To Raise Money From PE Investors via SPV’s: Sobha Developers Ltd, the Bangalore-based developer, is planning to dilute minority stake to private equity investors for projects in Bangalore, Pune and Gurgaon to raise funds.
Gopinath To Raise $200M To Fund Deccan Express Logistics’ Project : Deccan Express Logistics, an air and ground [...]
Exclusive: Mumbai based financial services company Edelweiss Capital is learnt to be setting up a private equity fund, and it is understood to have roped in Debi Guha from Government of Singapore Investment Corporation to head up the proposed fund. The size of the proposed fund is not known. Edelweiss nor Guha could not [...]
Policy
Govt Rejects SBI-SocGen JV Proposal For Depository Services
Govt May Have Nixed Jacob Ballas Deal In Devyani International
SEBI Reduces Rights Issue Timelines To 43 Days; QIP Pricing Norms Relaxed
Mergers & Acquisitions
SHCIL, IFCI Offload NSE Shares; Reported Valuation Of NSE $4B
Australia’s IPGA Buys Into Real Estate Portal RealAcres.com
Tesco Finally Gets Indian Partner, Tata’s Trent
Auto Componet Maker Federal-Mogul [...]
Global buyout fund Kohlberg Kravis Roberts & Co (KKR), which recently decided to list on the NYSE, has said it is considering investing in infrastructure sector in India and China. The leveraged-buyout firm run by Henry Kravis and George Roberts said in an SEC filing that as a part of its growth initiative, it [...]
Reliance Industries Limited (RIL), India’s largest public company, has entered into a joint venture with New York-based Vornado Realty Trust, a real estate investment firm. Under the equal JV, each partner will commit up to $250 million to acquire, develop and operate retail shopping centers across key cities in India. The shopping centers will contain [...]
Famy Care Ltd, the world’s largest contraceptive pill maker, is in talks with world’s third-largest generic drug maker Mylan Inc and some private equity funds to dilute upto 15 per cent stake. Mumbai-based Famy Care had recently signed a strategic alliance with Mylan to sell 22 women healthcare products in the US market by 2010. [...]
Baring Private Equity Asia is picking up a 40 per cent stake in RSP Architects & Planners India for $100 million. The deal would value the Bangalore-headquartered architectural firm at $250 million (Rs 1,000 crore), reports Economic Times. The Singapore-based parent company holds a controlling stake in the firm while RSP India’s head, Gopi Bhawnani, [...]
HarbourVest Partners, a global private equity fund of funds, has raised a $1 billion corpus to invest in Asia, Europe and other areas outside of North America. The firm, which is raising HarbourVest International Private Equity VI, a $3 billion fund, has a sub-fund for various regions. The corpus for the Asia sub-fund will be [...]
