August 2008
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Tuscan Ventures Invests in Global Shipping and Logistics focused Training Provider, RSI

Tuscan Ventures has announced its strategic investment in Singapore based Rasmussen & Simonsen International Pte Ltd. RSI, founded by industry experienced professionals, is a one-of-a-kind company focused on providing global shipping and logistics industry focused training, consulting and people development solutions. Tuscan Ventures will invest an undisclosed sum to receive 40% shareholding in the company. The investment allow the RSI team to fund their rapid global expansion including setting up dedicated offices in India and other key growth areas such as China and the Middle East. Commenting on this investment, Vishal Sharma, Managing Director, Tuscan Ventures, “The Global Shipping and Logistics industry will need to recruit and train 500,000 professionals, by a conservative count, over the next decade. As the industry shifts its focus from manual i.e. low cost to technology i.e. solutions, a well-trained work force will emerge as the true competitive advantage”. […]

August 31st, 2008

PE funds for movies

The movie industry dubbed them as flops. But films like Fiza, Yaadein and Ram Gopal Verma ki Aag delivered profits. Films like Om Shanti Om (OSO) and Namaste London delivered over 100 per cent returns while still under production. It is success stories like these are driving the new script being written for Bollywood. Private equity funds are now preparing to make use of this opportunity too. ICICI is backing a Cinema Capital Venture Fund (CCVF), the first of its kind, which is looking to raise Rs 500 crore from high net worth investors. As rapidly changing consumption patterns for entertainment and digital technology change the contours of the entertainment business, big funds are now getting ready to make their presence felt in the business. […]

August 31st, 2008

JP Morgan arm to invest Rs 1 bilion in Core Hotels ventures

Real estate investment arm of JP Morgan Chase is likely to pick up about 18 per cent stake in Core Hotels Ventures for Rs 100 crore with the Foreign Investment Promotion Board clearing the proposal. The proposal of J P Morgan India Property Mauritius Company II will now go to Finance Minister P Chidambaram for final clearance. Core Hotels Ventures is engaged in providing project management and hotel maintenance services. It is also building two hotels in Hyderabad. According to sources, J P Morgan India Property Mauritius Company II has sought approval to subscribe to 1.42 crore share of Rs 10 each of Core Hotels Ventures at a price of Rs 70 per share for a total consideration of about Rs 100 crore. […]

August 31st, 2008

Clearstone to invest Rs 225 cr in four cos

The US-based global venture capital fund Clearstone Venture is increasing its exposure to the Indian market. The firm has decided to invest at least Rs 225 crore in four Indian companies in the current fiscal. It has already initiated discussions with a handful of companies in the on-line educational, entertainment and financial services verticals for the stake purchase. Clearstone Ventures Partners managing director Sumant Mandal told ET: “We are in talks with few potential entrepreneurs and will invest around $10 million in each of these firms. VC funding is a challenge here in India due to regulatory hurdles. Moreover, Indian stock markets have not yet matured,” Mr Mandal added. […]

August 31st, 2008