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3i invests Rs 310 cr in Supreme Infra road portfolio

Supreme Infrastructure India today said private equity fund 3i India Infrastructure has picked up a minority stake in its BOT road projects’ portfolio for $61 million (about Rs 310 crore). “We received offers from a number of investors but chose to partner with 3i given their track record in India and understanding of the infrastructure sector,” the Supreme Infrastructure (SIIL) Managing Director, Mr Vikram Sharma, said in a statement. The company has built over 400 km highways and currently sitting [...]

Starbucks in deal with Tata to open cafes in India

Starbucks Corp, the world’s largest coffee company, signed a deal with Tata Global Beverages to open its first coffee shop in India, a year after it announced its retail foray into the country. The Seattle-based company signed a pact with Tata Global Beverages in January 2011 to buy coffee from India and open retail outlets in the country. Tata Global Beverages, part of the salt-to-software Tata conglomerate, said it would form an equal joint venture with Starbucks to run cafes [...]

Limited partners seek to divest Indian private equity portfolio

Amid waning growth sentiment, limited partners (LPs) or investors in private equity (PE) funds are increasingly selling their Indian portfolios as they exit from funds that have not performed in line with expectations. Such secondary deals typically take place at a discount when LPs, such as pension funds, endowment funds or family offices, sell their stake in PE firms to funds that specialize in such deals. In April 2011, for instance, secondary fund Paul Capital invested in NewQuest Capital Partners, [...]

Mind Shaper in talks with PE investors for $40 million

Mind Shaper Technologies, a provider of educational content under the brand Classteacher Learning Systems, expects to tie up $40 million of private equity (PE) investment in the next three months. The company develops digital educational content for the so-called K-12 segment that encompasses school children studying in kindergarten to class 12. “We are in talks with private equity investors who will be picking up a minority stake in the company,” Sameer Buti, co-founder and director of Mind Shaper Technologies, said [...]

Eredene Capital sells 10% Sattva CFS stake to Sattva Business Group

Eredene Capital has sold 10 per cent of its stake in Sattva CFS & Logistics Pvt Ltd for £1.1million (about Rs 8 crore) to the Chennai-based Sattva Business Group, which is the promoter of the container freight station (CFS). The partial sale was the first disposal since the UK-based investor Eredene Group began building a portfolio of infrastructure investments in India in 2007. The Eredene Group subsidiary originally invested £880,000 for 49 per cent of Sattva CFS with the Sattva [...]

BlackRock and Hemendra Kothari’s DSP Group to set up PE fund targeted at mid-sized cos

The world’s largest asset management firm,Blackrock , will join hands with Hemendra Kothari’s DSP Group to set up a private equity fund to do ‘classic PE deals’ targetted at mid-sized companies.

People close to the situation said DSP and the US-based BlackRock, which run a joint venture asset management company, are discussing the formation of a separate firm to run the new business.

The partners have already formed a team and have begun identifying top executives to be [...]