|
A US-based hedge fund has picked up a minority stake in the Bangalore-based real estate firm Century Real Estate Holdings, a division of the Bangalore-headquartered Century Group, investing close to $100 million (Rs 400 crore) in the company. Century Real … […] Private equity funds, including DE Shaw, Temasek Holdings and HBM Partners, are believed to have approached Nicholas Piramal to fund the pharma major’s discovery research programme. The exact terms of the partnership remain unclear, but people close to the situation … […] International Finance Corp. (IFC) said on Thursday it will invest $15 million through debt and equity to fund the expansion of drug maker Granules India Ltd. IFC, the World Bank's private sector lending arm, said it would lend $9 million … […] NRI venture capitalist Vinod Dham’s New Enterprise Associates (NEA) has picked up a minority stake in KK Birla-promoted mortgage BPO ISGN for about $25 million. According to market sources, the VC has picked up about 22-25% in ISGN, valuing it at about $100 million. When contacted by ET, New Enterprise Associates’ partner Ravi Viswanathan declined to confirm the equity percentage. ISGN is the third largest mortgage servicing KPO in US after Fidelity and Fiserve. In the US loan origination software market, however, it claims to the largest in with a share of 18%. […] IDG Ventures and SoftBank China & India Holdings have invested in Kreeda Games, a company focused on massively multiplayer online games (MMOGs). The investment is learnt to be less than $10 million. The VCs bring international experience to Kreeda — IDG’s portfolio includes VinaGames, a gaming company in Vietnam, while SoftBank has invested in the South Korea-based Gravity. The VCs see immense potential in the Indian online gaming market, which, as of January 2007, was pegged at Rs 21 crore by the Internet and Mobile Association of India (IAMAI). Kreeda’s first product, Dance Mela, is to be released by mid-August and it aims to release three games by the year-end. And when the market is ‘ready’, Kreeda plans to introduce more games. […] The Apollo Hospitals Group will tie up with two private-equity players to bid for Capio Healthcare, the UK’s fourth-largest independent healthcare provider, chairman Dr Pratap C Reddy told DNA Money on Tuesday without disclosing the names of the companies. The biding for Capio, which is valued in the range of $2.36 billion, is set to open in August. […] Bellevue, Wash.-based Radiant Research, the largest owned-model site management organization (SMO) with 26 sites, has completed a sale of the business to an ownership group led by ICICI Venture, a private equity company with $2 billion under management. Company officials said June 8th that Radiant will continue to provide development, study conduct and centralized patient recruitment services. […] iLabs Private equity fund, a $300 million India-centric fund promoted by former COO of Satyam Computer Systems Srini Raju, has invested Rs 42 crore (over $10 million) in VSoft Corp. VSoft executives were, however, not available for comments. VSoft is a global information technology and solutions provider of cheque imaging and data management software. […] Temasek Holdings is going big into India’s technology scene via conglomerate Tata Group. According to reports in the Indian press over the weekend, the Singapore investment firm has bought 10 per cent of Tata Sky for US$56 million ($86.3 million), scoring its third major investment in the Tata group to date. An Indian newspaper, The Economic Times, said on Sunday that the stake was “recently diluted” by Tata Group, whose original interest in Tata Sky — a direct-to-home television operator — was 80 per cent. […] Private equity firm General Atlantic Partners may raise its stake in Patni Computer Systems Ltd. by buying some of the founders' holdings, the Economic Times reported on Friday, citing unnamed sources. Gajendra and Ashok Patni, two of the three brothers who founded the software services firm, are looking to sell their stakes, the newspaper said. Their holding in the company total about 29 percent. General Atlantic currently owns 16.4 percent of the New York-listed Patni. […] |