February 2012
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Mauritius-based PE to pick up 12% in Shasun Pharma

Mauritius-based Caduceus Asia Mauritius Ltd to pick up 11.93% stake in Shasun Pharmaceuticals Ltd, by infusing Rs 50 crore. The promoters’ holding will come down to 41.15% from the current 46.73%. The money will be used to pay long term funds for the company and to part finance the capex, according to the company. Caduceus Asia Mauritius Ltd is a part of OrbiMed, a private equity fund focusing on healthcare. OrbiMed has earlier invested in Clinical Research firm Ecron Acunova […]

PE majors cut down exposure to large-cap listed firms

The global private equity (PE) majors are changing their strategy a bit on their investment in the listed space. The PE majors are reducing their exposure to the large-cap listed companies, as the stock market has broadly been in the recovery mode lately. Simultaneously, they are stepping up presence in similar mid-sized companies. Last month, PE majors Carlye and Warburg Pincus had, in two separate deals, made a partial exit from their investments in India’s leading mortgage lender HDFC Ltd […]

Indiareit to raise $500 million offshore development fund

Indian real estate fund Indiareit Fund Advisors, a unit of drugmaker Piramal Healthcare, is planning to raise $500 million via an offshore fund to invest in Indian development projects. The fund, to be launched after June, will look at raising money from investors in America, Europe and Asia who are showing renewed interest to invest in India. The offshore development fund will only invest as an equity partner and will focus on projects in Mumbai, Pune, Chennai, Delhi and the […]

Fidelity invests $40.6 million into India’s Aptuit Laurus

Fidelity Growth Partners, the private equity arm of Fidelity Worldwide Investment, along with existing investors have invested $40.6 million in India’s Aptuit Laurus Pvt. Ltd., Aptuit Laurus is a manufacturer of active pharmaceutical ingredients for anti-retroviral, oncological and nutraceutical products.

Chava Satyanarayana, founder and CEO of Aptuit Laurus, also invested along with Fidelity, according to reports.

Aptuit Laurus is headquartered in Hyderabad. Source: Indus Business

Adani keen on BG stake in Gujarat Gas

Adani group today said that it is interested in bidding for British Gas’ stake in city gas distribution company—Gujarat Gas. “Currently, due diligence process of BG’s stake in Gujarat Gas is going on. We are interested in evaluation and and we are evaluating it. We shall share more details when the time is right,” said Ameet Desai, managing director of Adani Enterprises.

British Gas has decided to exit from the business in which it has 65 per cent stake. […]

IDFC PE infuses Rs. 150 crore into Staragri Warehousing

In its first investment in the agri services sector, IDFC Private Equity has invested Rs. 150 crore in agri-services provider Staragri Warehousing and Collateral Management Ltd for a significant minority stake. The Jaipur-headquartered firm, which was founded in 2006, offers warehousing, procurement and collateral management of agri commodities. It has a presence in 10 states and operates 750 agri-commodity warehouses with a cumulative capacity of around 1 million tonnes (mt). It also provides allied services such as testing, certification and […]

PE investor in Ginger is a Tata Capital firm

Indian Hotels Co Ltd (IHCL), the Tata group hospitality flagship, had last March announced Rs320 crore investment by Singapore based private equity firm, Omega TC Holdings Pte Ltd, into its subsidiary Roots Corp Ltd (RCL) that runs the Ginger chain of budget hotels in India. The IHCL management had then said that Omega TC was chosen after discussions with a few PE players and the investment, which was to be made in various tranches till 2014, included buying out some […]

IL&FS arm in talks to buy Hershey’s stake in India JV

IL&FS Investment Managers, the private equity arm of IL&FS, is in advanced talks to pick up the Hershey Company’s 51 percent stake in its joint venture with the Godrej Group, the Economic Times newspaper said on Wednesday. The Godrej Hersheys joint venture, which is likely to come apart due to differences in business strategy between the partners, is valued at 5.5-6 billion rupees, the report said, citing investment banking sources. The deal will allow IL&FS to regain ownership of the […]

IDFC PE says invests Rs 1.5 bn in commodities firm

The private equity arm of India’s Infrastructure Development Finance Co said on Thursday it invested 1.5 billion rupees ($30.47 million) in an agriculture services company, Staragri Warehousing and Collateral Management Ltd.

IDFC private equity, which manages about $1.3 billion, will pick up a significant minority stake in the company, it said in a statement.

Staragri, a Jaipur-based company, is into agri-commodity warehousing services. Source: Economic Times

LVMH’s PE arm buys 8% of Fabindia

L Capital, the private equity arm of LVMH, the world’s biggest luxury goods group, has bought the 8% stake held by Wolfensohn Capital Partners in unlisted Indian ethnic wear chain Fabindia, two sources with direct knowledge of the matter said. The valuations and terms of the agreement were not immediately available. Media reports have valued Fabindia at about Rs 1,400 crore, “The deal is done. A formal announcement is expected shortly,” one of the sources said. Wolfensohn Capital Partners, the […]