Standard Chartered Private Equity announced that it has made an investment of Rs. 460 million in Innoventive Industries, a multi-product engineering company based in Pune, India. The investment includes a primary infusion of Rs 304 million into the Company as part of the Pre-IPO investment. This funding will part finance the expansion of the Company`s existing precision steel tube manufacturing facilities at Pune. With this investment, SCPE`s equity stake in Innoventive Industries Limited will be 10.14%. Innoventive is a multi-product engineering company focused on precision steel tubes and value added steel products (including boiler steel strips) and oil well couplings (through its subsidiary). The company`s product range find application in diverse industrial sectors including transportation, oil & gas, power, farm equipments and general engineering. […]

Faering Capital, the Aditya Parekh-promoted private equity (PE) firm, today said it has raised Rs 830 crore from from its first fund. “Faering Capital is pleased to announce the first closing of its maiden private equity fund – Faering Capital India Evolving Fund in December, 2010 with a corpus of Rs 830 crore,” the company said in a statement. Named after a boat used by the Vikings as they roamed the seas more than 1,000 years ago, Faering is promoted by HDFC Chairman Deepak Parekh's son and his friend and co-founder Sameer Shroff. The fund will focus on consumption-related investment opportunities and will expect investment in mid-cap firms, with an average deal size of Rs 30-80 crore in each transaction. Faering believes “there are significant structural positives in the Indian economy today — largely driven by favorable demographics, increasing urbanisation, a growing middle class and a young professional workforce.” […]

3i, an international investor in private equity, infrastructure and debt management , and funds managed by 3i, have acquired a minority stake in BVG India Limited . Financial details were not disclosed in the press statement released here. BVG is one of India's largest facilities management services companies with a pan-India presence, offering a wide range of services. It was established in 1997 and has grown to over 18,000 employees. The company provides services such as mechanised housekeeping, landscaping and gardening, logistics and transportation, electrical and mechanical services, among others. BVG has over 250 clients in India including prestigious names in the public and private sector such as Rashtrapati Bhavan, Parliament House, Prime Minister's office and residence, Indian Railways, AIIMS, Safdurjung Hospital, Delhi High Court, Mantralaya, Municipal Corporation of Greater Mumbai, TATA Motors , ITC, ABB , Volkswagen, Hyundai, Fiat, ONGC and Hindustan Unilever , among others. […]

Baring Private Equity Partners India (BPEP), along with some of its international investors, is likely to invest about $75 million, or approximately Rs 350 crore, in the Bangalore-based Century Real Estate. Baring's individual commitment to the deal is around $53 million, while overseas investors who are backing the fund may bring in a little over $20 million in additional investment. Industry sources say that Baring has initiated the diligence process. As the realty firm is still working out the commercial terms, sources say the deal could be closed in February. When contacted, Century Real Estate managing director Ravindra Pai did not confirm or deny the development. The Baring-led investors may pick up around 26% stake in the holding company, which is one of the largest land aggregators with an estimated 3,000 acres of land bank in south India. The investment may be deployed as seed capital to develop multiple townships around Bangalore. E&Y and KPMG are assisting with the due diligence. […]

Komli Media, a digital media network and audience measurement firm, has raised $15m in a funding round led by Norwest Venture Partners, backed by existing investors Nexus and Helion Venture Partners. Komli said the additional capital will be used to fuel “aggressive expansion” throughout India and across key markets in Asia Pacific. Investments will be made in both the digital media network and ViziSense, the company’s online audience and ad measurement business. ViziSense was recently launched in Australia, and is thought to be bidding to become IAB Australia’s “preferred supplier” of online audience measurement services. […]