May 2011
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JPMorgan in fray for 10% stake in SIS Securities

Private security company SIS Security Services will soon offload 10% stake for around R500 crore. Top contenders are global private equity (PE) and hedge fund firm DE Shaw, which is already invested in the company, and PE major JP Morgan. The deal may rank as the biggest in the private security field. When contacted, SIS Security Services COO Rituraj Sinha refused to divulge details of PE players who may be the main contenders for taking up the stake but said that the deal would be announced soon. He added, “The funds will be primarily used to acquire companies in India, Middle East and Southeast Asia.” DE Shaw & Co already has a 14% stake in the company, having bought into SIS in 2008. The funds it brought in were used to acquire security company Chubb Australia. […]

Jyothy Labs acquires 50.97% stake in Henkel India

Henkel AG & Co.KGaA, Germany, Henkel India Ltd's Foreign Promoter, having its Office at No.40191, Dusseldorf, Germany. It states that Henkel AG & Co.KGaA have signed a letter of undertaking on May 05, 2011 with M/s. Jyothy Laboratories Ltd., Mumbai for the sale of 5,93,60,203 Equity Shares (comprising 50.97%) held in the Company to M/s. Jyothy Laboratories Ltd., Mumbai. In an all-cash transaction amounting to Rs. 118.7 Crs, Henkel AG & Co. KGaA sells 5,93,60,203 equity shares at Rs. 20/- each to M/s. Jyothy Laboratories Ltd. M/s. Jyothy Laboratories Ltd. had acquired a 14.9% stake in Henkel India Ltd. from the Indian promoter M/s. Tamilnadu Petroproducts Ltd. in March 2011. […]

Warburg Pincus in talks with IndiaMart for Rs 150 crore investment

Global private equity major Warburg Pincus is in advanced talks to invest close to Rs 150 crore in – India's largest online B2B marketplace for small and medium size businesses. The investment will be in lieu of 10-20 % stake, said an investment banker familiar with the ongoing negotiations. This is not the first private equity infusion for the company. Intel Capital invested about $10 million in it in 2008, while Bennett, Coleman & Co Ltd pumped in close to $3.5 million in 2007. If the current round of funding fructifies, it could see the exit of BCCL , said another person privy to the company's plans. The Warburg Pincus spokesperson , however, declined to comment on the development. “We are unable to share any perspectives on your query, as the firm is bound by internal operational policies, which does not allow discussion of its investment activities in its portfolio companies,” the spokesperson said in an email response. […]