|
|
Global private equity major Warburg Pincus is in advanced talks to invest close to Rs 150 crore in India-MART.com – India's largest online B2B marketplace for small and medium size businesses. The investment will be in lieu of 10-20 % stake, said an investment banker familiar with the ongoing negotiations. This is not the first private equity infusion for the company. Intel Capital invested about $10 million in it in 2008, while Bennett, Coleman & Co Ltd pumped in close to $3.5 million in 2007. If the current round of funding fructifies, it could see the exit of BCCL , said another person privy to the company's plans. The Warburg Pincus spokesperson , however, declined to comment on the development. “We are unable to share any perspectives on your query, as the firm is bound by internal operational policies, which does not allow discussion of its investment activities in its portfolio companies,” the spokesperson said in an email response. […]
Gayatri Energy Ventures owned by Gayatri Projects, raises INR 250 crore from IFCI (Industrial Finance Corporation of India) through issue of compulsory convertible debentures. The quantum of the stake that IFCI would pick post conversion is not yet disclosed, reports dealcurry.com. GEVPL announced that the fund will be used for bank rolling proposed investments in the energy domain. Since its inception in 1975, Gayatri Projects continues to put their part of efforts for the development of modern India. Starting as infrastructure to housing development now they are a company with an annual turnover of more than INR 1004 crore. […]
Venture capital (VC) firm IDG Ventures India has invested $5 mn (Rs 22.15 crore) in Mumbai-based banking software product company Agile Financial Technologies. The company offers 12 products in areas of banking, insurance, micro-finance and financial inclusion. It also offers IT services support functions for its software products. Speaking to TOI, T C Meenakshisundaram , MD of IDG, said that the company would use the funds for expansions, building new products and acquisitions . He expects the company to become a $10 million revenue company this year and touch $75 mn in 3-4 years. The company has a large focus on the Middle East and Africa (MEA) markets. They will now look to expand their markets in India, South East Asia, and Central and Eastern Europe. […]
Private equity fund Sabre Partners today said it will pick up stake worth Rs 50 crore in Super Religare Laboratories (SRL) as a pre-IPO placement. SRL has filed a draft red herring prospectus with market regulator Sebi in February this year for a public issue of up to 2.8 crore equity shares of face value Rs 10 each. It is yet to get a clearance from Sebi. “With this investment, Sabre Partners, through it's domestic and international 'Spring Healthcare' fund will invest an aggregate amount of Rs 50 crore into SRL,” Sabre Partners said in a statement. The company, however did not disclose the stake it would acquire in the diagnostics firm. […]
Global media and entertainment- focused private equity fund, Providence Equity Partners (PEP) has invested Rs 260 crore to become the largest shareholder in digital cinema company UFO Moviez. UFO is the world’s largest satellite-based digital cinema service with close to 2,500 installations across India and will be using the infusion to fund roll-out of 3D systems in more than 1,000 screens in the country, a release issued said. “Providence Equity Partners will take a significant minority equity stake in UFO and will be the largest shareholder in the company,” the release said, adding that promoters Valuable Group and Apollo Tyres’ division Apollo International and PE firm 3i group will continue to remain “significant shareholders”. […]
Private equity firm Matrix Partners India today said it has invested Rs 60 crore in Chetas Control Systems, a solution provider to water utilities. “It has invested Rs 60 crore as the sole investor in the first institutional round of funding of Chetas Control Systems,” Matrix Partners said in a statement. Chetas is a leading provider of turnkey water metering solutions to water utilities in the country. It has installed about 4 lakh domestic and bulk water meters in the country, it said. […]
The Indian private equity venture of Fidelity International Ltd. has invested $13.5 million in Transpole Logistics Pvt. Ltd., a New Delhi-based company. Fidelity wants to take advantage of the rapid growth of the logistics business as India's economy expands. The move comes about a fortnight after private equity firm Warburg Pincus India Pvt. Ltd. invested $100 million in Chennai-based Continental Warehousing Corp. (Nhava Seva) Ltd., a unit of the NDR Group. Warburg Pincus India has deployed $2.5 billion in the country. Fidelity Growth Partners India has invested in Transpole through an instrument that can be converted into equity at a later date, said Sandeep Upadhyay, who heads the infrastructure and logistics team at Centrum Capital Ltd., which was the financial adviser to Transpole on the deal. […]
Oman Investment Fund (OIF), a sovereign wealth fund (SWF) owned by the Omani government, may buy close to 5% in upcoming Universal Commodity Exchange (UCX), making it the first investment by an SWF in a local commodity bourse and reflecting the growing interest of foreign investors in India's nascent commodity futures market. The deal, if completed, will value the yet-to-be-launched UCX at Rs 400-500 crore, around 30% lower than that of NCDEX, India's second-largest commodity exchange (commex), promoted by Delhi-based broker Jaypee Capital Services and leading sugar refiner Shree Renuka Sugars . “OIF has completed the due diligence process and will bring the money in shortly,” said a person with knowledge of the development. “There seemed to have been some differences over valuation but these have been sorted out with each UCX share likely to change hands at a premium of Rs 30-40 to the face value of Rs 10, or Rs 20-25 crore,” he added. […]
Providence Equity Partners a leading global private equity firm specializing in equity investments in media, entertainment, communications and information services companies around the world has invested around Rs. 260 crore in a mix of primary and secondary investment in UFO Moviez India Limited. UFO is the world’s largest satellite based Digital Cinema Service with close to 2,500 installations across India and is the only Company in the world delivering MPEG – 4 High Definition content for Digital Cinema via satellite. It has revolutionized the way films are distributed and exhibited through its technology, infrastructure and unique pay per show business model, bringing in a 'First Day First Show' regime for film distributors and cinema owners. Said Bis Subramanian – Managing Director, Providence Equity Advisors India Private Ltd. “Providence is delighted to partner with UFO Moviez, which is an innovative player in the film distribution and exhibition space in India. This is an exciting opportunity as the Company has pioneered a highly cost effective satellite based High Definition Digital Cinema system for delivering movies and other live content and is making a significant impact in the industry. […]
iProf Learning Solutions India, offering personal education tablet and chain of Wi-Fi-enabled e-learning centres, has announced it has secured R22 crore in series A funding from Norwest Venture Partners (NVP) and IDG Ventures India (IDGVI). The capital will be used to fuel expansion of iProf’s e-learning centres (iProf iStudy Zones) in metros and tier II and III cities throughout India and abroad. Besides, it will also launch a large number of new iProf products with partnerships with professors. […]
|
Post your messages.Please refrain from posting offensive messages. IndiaPE accepts no liability for the consequences of your reliance on these postings and messages.
|