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Global Infrastructure Partners To Buy 25% Stake In Chennai Container Terminal

AM Global Infrastructure Partners, a private equity firm, said it agreed to buy a 25% stake in Chennai Container Terminal Private Limited, through its International Port Holdings portfolio company. The financial terms of the transaction were not disclosed. Chennai Container Terminal, located within Chennai Port on the South East Coast of India, serves the trade route between Europe and the Far East. Dubai Ports World owns the remaining 75% stake in the terminal. [...]

PE funds make a beeline for niche segments

Niche segments such as clinical research, online gaming, third-party logistics, mobile handset design and online bill paying firms are increasingly attracting the attention of private equity (PE) and venture capital funds (VCFs) as they view these businesses as sure-shot winners of tomorrow. Clearstone Venture Partners, which has a fund size of $200 million dedicated to high-growth companies in India and the US, has made investments in domestic companies. Its niche plays include Games2Win, an online gaming company, Billdesk.com, an electronic bill-paying company and DGB Microsystems, a mobile handset design company. [...]

Shekhar Kapur plans to raise $500 million fund in Singapore

Shekhar Kapur, the director of Oscar-nominated film Elizabeth, is in talks to raise a $500 million fund in Singapore to invest in the entertainment industry, including movies and music across Asia, according to Bloomberg. In an interview given to Bloomberg, Kapur said that the Investors in Singapore were more willing to bet on businesses that might take a longer period of time to make a profit, unlike hedge funds or private equity firms. [...]

Yatra Capital buys out Eredene for Rs99 crore

In what is the first buyout in the India-focused real estate fund space, Yatra Capital Ltd, an Amsterdam-listed fund, has bought out Eredene Capital Mauritius through its subsidiary K2 Property Ltd for €18.07 million (Rs99.39 crore) Eredene, listed on London’s Alternate Investment Market, had raised a $100 million (Rs410 crore) India-focused realty fund that listed on Euronext in December, in which hedge funds such as GLG Partners LP, Calyon & Cayman Family, and Henderson Global Investors had invested. Earlier this year, Citigroup Ventures acquired Old Lane, a hedge fund that had a $500 million real estate focused fund and a $500 million general fund that was also investing in real estate, as well as ajoint venture with a Chennai-based developer. [...]