|
Emap plc on Wednesday said it has acquired a 40 per cent stake in India based magazine publisher Next Gen Publishing Ltd for about Rs 30.13 crore (3.7 million pounds) in an all cash deal. “As one of the fastest growing economies in the world experiencing a marked increase in wealth and consumerism, we see India as a prime market that will be highly receptive to our brands. […] Private equity funds are finally putting money in power generation. In the first-ever investment by PE funds in the local power sector, CVC International and UTI Ventures have picked up around 30% stake in the Hyderabad-based Ind Barath Infra for Rs 290 crore. Sources said Rs 250 crore was raised from Citigroup Venture Capital International Growth Funds, managed by Citigroup, while UTI Ventures invested the remaining Rs 40 crore. […] Japanese financial services major Nomura will buy 35% in Enam Financial Consultants for Rs 1,400 crore. The deal is expected to be announced as early as Wednesday, a sources close to the development said. In the process Nomura has pipped a host of other global financial sector majors like JP Morgan, Barclays and Credit Suisse to the post. The deal is being announced on the eve of the foundation day of Enam, sources said. […] Spentex Industries, the largest yarn manufacturer in India, has acquired Schoeller Litvinov KS in the Czech Republic for a consideration of $25 million. The acquisition gives Spentex access to a large customer base in over 30 countries. […] JM Financial Services announced on Wednesday that it has entered in to a joint venture with ASK Securities. It has agreed to pick up 60% stake in the company for 58.14 crore. The 60% stake in ASK Securities would be picked either by the company itself or through any of its subsidiaries. […] Patni Computer Systems, a Mumbai-based IT services provider, today announced the acquisition of Europe-based Logan-Orviss International (LOI), a leading independent specialist telecommunications consulting services company. The acquisition includes an upfront cash payment on completion of the transaction as well as performance-linked incentive payments on achieving financial targets over a three-year period. LOI ended 2006 with revenues of ¤11.8 million. […] In what may be the largest private equity deal in the country, Singapore government’s investment arm Temasek Holdings will acquire 4.99% stake in the country’s largest private telecom company, Bharti Airtel, as part of separate but possibly back-to-back transactions that will also see Vodafone selling 5.6% in the company. The net impact of these transactions will be that the shareholding of Bharti Enterprises, the holding company of India’s largest private telco, will rise marginally from its current 45% and the Temasek-Singapore Telecom combine’s holding (Temasek is the largest shareholder in Singtel) will go up to 36%. […] Textile design and manufacturing company Himatsingka Seide today said it has acquired 80 per cent stake in the US-based Divatex Home Fashions Inc, a distributor of bed linen products, for $53 million). The acquisition was carried out through Himatsingka Seide’s wholly-owned subsidiary Himatsingka America Inc. The enterprise value for the transaction was $75 million. “Himatsingka will continue to create and strengthen its manufacturing capabilities in India while enhancing its global distribution strengths through acquisitions,” Himatsingka Seide managing director, Mr Dinesh Himatsingka said. […] Sasken Communication Technologies Ltd. (Sasken), India's leading embedded communications solutions Company and IDG Ventures India, a $150 million technology venture capital fund, today announced the launch of Con-nectM Technology Solutions Pvt Ltd (ConnectM) for providing Machine 2 Machine (M2M) enabled solutions to global markets. Commenting on the Sasken – IDG Ventures Company, Mr. Rajiv Mody, Chairman and CEO, Sasken Communication Technologies Limited, said, “Sasken has been focused on embedded communication solutions with significant expertise in mobile devices/ handsets. Through ConnectM, we will leverage our expertise to address corporate customers in Transportation, Utilities, Industrial, Enterprise markets. ConnectM will provide one more axis of growth for Sasken” […] Future Capital Holdings’ private equity arm, Indivision India Partners, is buying just over 25% in the Hyderabad-based Global Hospitals for an undisclosed amount. The deal is estimated to be the largest private equity transaction in the Indian healthcare space. Global Hospitals, which is understood to be valued around Rs 500 crore, will use the capital to expand its super speciality hospitals at Bangalore, Mumbai and Kolkata. […] |