June 2012
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Sony TV arm buys MSM stake

Sony Pictures Television (SPT), an indirect wholly owned subsidiary of Sony Pictures Entertainment Inc, will buy around 32 per cent of the shares of Multi Screen Media Private Limited (MSM) that are owned by Grandway Global Holdings Limited and Atlas Equifin Private Limited. SPT will pay $271 million (about Rs 1,512 crore) in cash to Grandway and Atlas subject to government approvals. While $145 million is likely to be paid by December when the transaction is expected to close, the […]

Reliance Capital buys stake in Grover Vineyards

Anil Ambani Group company Reliance Capital is backing a merger deal between Grover Vineyards and smaller rival Valle de Vin to create India’s second largest wine company. The financial services company will join Singapore-based wine investor Ravi Viswanathan as a key stakeholder in the combined entity, Grover Zampa Wines.

The merger creates a new challenger to industry leader Sula Vineyards in the still nascent domestic wine market swelling over 1.5 million cases annually. Reliance Capital will have 18% stake […]

Tatia Global buys 25% in Stallion Brands India

Tatia has completed the deal by acquiring 25% stake in M/s. Stallion Brands India Private Limited In a release sent to BSE, company said, “Company emphasizing its vision of inorganic growth model and business consolidation has taken a yet another milestone step to enhance its exiting growth model portfolio has completed the deal by acquiring 25% stake in M/s. Stallion Brands India Private Limited. Stallion Brands India Private Limited is in exclusive agreement and license holder with Levis Strauss India […]

Indian PE may raise $50 million from US, Spanish investors

An Indian private equity fund, floated by a group of former corporate executives, is in advanced talks to raise an additional $50 million from Spanish and US investors, in the midst of tough market conditions. Forum Synergies (India) PE Fund Managers is negotiating with marquee Spanish investor Ram Bhavnani and Madrid-based Orienta Capital for a fresh round of funds that will boost its corpus to $100 million. Other investors expected to participate in this round are family offices and development […]

Schrader Bridgeport sells 50% stake to Indian partner

Schrader Bridgeport International Inc of the US has exited Schrader Duncan. Schrader Bridgeport was the majority partner in the listed Indian tyre tube valves and pneumatic products joint venture. JP Goenka group, the junior partner, through one of its outfits Oriental Carbon & Chemicals Ltd (OCCL), has bought out the entire 50 per cent stake of Schrader Bridgeport. As on March 31, 2012, JP Goenka group outfits a total of 24.5 per cent — OCCL held 12.58 per cent and […]

PE investors bet big on Indian FMCG companies

The consumer story in India makes fast moving consumer goods (FMCG) space an attractive destination for private equity and venture capital investors. Compared to the typical $20-50 million deals that took place in the past few years, 2012 witnessed one of the largest PE deals in FMCG space with the Singapore Government owned Temasek Holdings buying a five per cent stake in Godrej Consumer Products Ltd (GCPL) for Rs 685 crore ($135 million). Following Temasek’s investment, the FMCG sector witnessed […]

Reliance Cap gets Sebi, Singapore approval for AMC stake sale

Reliance Capital today said it has got approval from the Indian market regulator Sebi and the Monetary Authority of Singapore (MAS) for Rs 1,450-crore stake sale in its mutual fund business unit to Japan’s Nippon Life. Anil Ambani-led Reliance Group’s financial services arm Reliance Capital (RCAP is selling 26% stake in Reliance Capital Asset Management Co (RCAM), which runs India’s most profitable mutual fund, to the Japanese firm. In a statement issued today, Reliance Cap said that it has received […]

Kaizen Management invests Rs 20 cr in a pre-school company

Kaizen Management Advisors Private Limited, an education focussed Private Equity fund has invested Rs 20 crore in Your Kids ‘R’ Our Kids (India) Private Limited (YKROK). YKROK is a pre-school providing child care services also. It has more than 1,500 kids across 15 self-managed centers across India. These centers are in partnership with 50 corporates. All the centers are either near corporate campuses or on campuses of corporate sponsored child care programs. “Corporates are increasingly using day care services as […]

Morgan Stanley’s infra PE fund in talks to buy Lanco’s road assets

Private equity (PE) players, who burnt their fingers following big-ticket deals in India’s power sector, are now showing interest in less risky road projects. Morgan Stanley Infrastructure Partners, a $4-billion global infrastructure fund, is in early discussions with infrastructure company Lanco Infratech to buy its 401 km of highway projects, in various stages of construction, which are up for sale. A few other infra-focused PE firms are also engaged in due diligence for Lanco’s road assets. The valuation was in […]

Insecticides India in talks with PE firms

Insecticides (India) Ltd, or IIL, on Monday said it is in talks with private equity investors to raise Rs. 70-100 crore this year for its expansion, by diluting 7-8% of the promoter stake in the company. The Delhi-based pesticide maker has lined up investment plans worth Rs. 125 crore for the next two years for augmenting capacity and launching products. “So far we expanded our business using internal accruals and bank debt, but now we thought it is prudent to […]