July 2009
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HealthCare Global scouting for Rs 50 cr PE fund

The Bangalore-based Healthcare Global (HCG) is gearing up for its overseas debut even while negotiating with a few private equity players to close its fourth round of funding. The oncology major is in advanced talks with PEs including a US-based one, to raise Rs 50 crore. So far, the Rs 110-crore specialised healthcare operator has raised about Rs 50 crore from IDFC Private Equity, Evolence India Life Sciences Fund and PremjiInvest. This time around, India Venture Advisors, the Piramal-group healthcare focused private equity fund is also in the fray. Having made considerable headway in its talks with HCG, it is ready to infuse Rs 60 crore. However, further details on the deal are not available. [...]

Race to acquire Maytas Infra is heating up, CLSA mopped 7%

NDTV Profit was the first to report this last week and now in the latest development, troubled infrastructure firm Maytas, which has asked to be sold, may find no dearth of bidders. Maytas was pushed into the limelight after its founders ended up in the dock for cooking up India' biggest fraud at sister firm Satyam. The race to acquire Maytas Infra is heating up and is likely to be as closely watched as the race for Satyam. Big infrastructure companies have jumped onto the bandwagon, and are all vying for a piece of the Maytas Infra pie.Even as buzz about the beleaguered Maytas Infra scouting for strategic partners grows louder, Hong Kong-headquartered brokerage and investment group CLSA has picked up a total 6.86% equity in the company. CLSA is learnt to have mopped up the entire equity through open market transactions in the month of July through its Mauritius arm CLSA (Mauritius) Limited. [...]