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View Article  GVFL to invest an Rs 8 million in RapidRadio Solutions
GVFL, India's pioneer Venture Capital Company announced its decision to invest an initial Rs 8 million in RapidRadio Solutions Pvt. Ltd., a technology start-up spun off from the NirmaLabs incubator program. RapidRadio marks GVFL's first investment in a start-up from ...   more »
View Article  Ridgeback Capital to Invest $5.6 Million in Granules India
Granules India Ltd.’s Board of Directors has approved the allotment of 14.9 per cent stake to Ridgeback Capital Investment LLC. This US-based private equity firm will invest around $ 5.6 million (Rs. 24.7 crore approx.) in Granules India which is ...   more »
View Article  Pune firm in largest-ever BPO buyout
In the largest acquisition by an Indian business process outsourcing (BPO) company till date, Pune-based HOV Services has acquired US-based BPO Lason for $148 million (about Rs 660 crore).
 
The leveraged buyout –- effective Wednesday — is valued 3.5 ...   more »
View Article  BCCL picks 5% stake in YOU Telecom

Bennett & Coleman Company Ltd (BCCL), the holding company of the Times of India, has acquired a 5% stake in YOU Telecom India Private Ltd (YOU Telecom), India's first ISO 9001:2000 accredited broadband company.

YOU Telecom is an investee company ...   more »

View Article  Cafe Coffee Day to invest Rs 30 cr; open 110 more outlets
India's largest retail coffee chain Cafe Coffee Day has earmarked Rs 30 crore investment for setting up 100 outlets across the country and 10 abroad, a company official said on Wednesday.

Inaugurating the company's 400th outlet here, director of Cafe ...   more »
View Article  US PE fund buys 40% in HFCL for Rs 375 cr
MUMBAI: In yet another acquisition in the red hot telecom sector, US-based private equity firm New Enterprise Associates (NEA) has bought 40% in HFCL Infotel for Rs 375 crore. The deal has been signed and the transaction is likely to ...   more »
View Article  Citi Property to invest $120 mn in luxury hotels
The New York-based Citigroup Property Investors (CPI) will invest up to $120 million in Bangalore-based Nitesh Estates' luxury hotels.
 
Nitesh Shetty, chairman of the Nitesh group, confirmed that Citigroup Properties would partner with Nitesh Estates on its forthcoming hotel ...   more »
View Article  Peterson Partners Invests in India’s Textile Industry

SALT LAKE CITY--(BUSINESS WIRE)--Peterson Partners, a leading Intermountain West private equity firm, has made a $3 million investment in K.P.R. Mills Limited, announced Jordan Clements, managing partner of Peterson Partners.

K.P.R., located in Coimbatore, India, was established in 1975 and ...   more »

View Article  MTR Foods sells for $100 million
Norwegian Orkla ventures into India with the acquisition of MTR Foods, providing private equity firms JPMorgan Partners and Aquarius with a profitable exit.
TR Foods has been sold to Orkla of Norway, concluding a deal under peculation for the better ...   more »
View Article  Chrys Cap selling BPO to Aegis
Private equity major Chrys Capital and other investors are selling credit Global Vantedge to the Essar-owned Aegis Communications for around Rs 100 crore. Chrys Capital, which owns 75% in Global Vantedge, had set up the BPO in 2001. It’s headquarters are based in the US and it employs 1,500 people in tow centres in Gurgaon.

It specialises in credit and receivable management and its customers include credit card companies, telcos, and auto companies primarily in the US and Uk. Chrys Capital had invested in the BPO for the last five years and in line with the general trend in the private equity industry of not holding on to an asset for a very long time, it had been evaluating exit options.

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