|
Indian windpower generator Suzlon Energy said Friday it was set to acquire Germany's REpower after reaching an agreement to end a bidding war with French nuclear energy company Areva. “We are delighted with the development,” Suzlon's chairman and managing director, Tulsi Tanti, said in a statement on the company's website. […] The directors of Coca-Cola Co. have approved the purchase of vitamin water maker Glaceau for $4.2 billion in cash and Coke stock, the New York Times reported on its Web site on Friday, citing an executive involved in the talks…. […] The growth of private equity (PE) as a separate asset class across the globe in the last few years has been remarkable and highly discussed at various investment opportunity forums. These PE funds were able to successfully attract huge amount of capital from investors such as pension funds, insurance funds, universities, foundations and other investors who were looking for new avenues for investment. Many attribute the success of this new asset class to strong global liquidity and stability witnessed in the world economy. The growth of private equity has reached such a stage where it constitutes a significant portion of global mergers and acquisitions (M&A). In 2006, deal values of global M&A were reported around $3.7 trillion, out of which 25% of the amount was funded through PE. In the earlier years, PE contribution to the total M&A activity constituted hardly 10% of all the M&A deals. These figures speak out the dramatic change this industry has undergone in the last few years. […] Grameen Bank’s success story and the growth of microfinance institutions have captured the imagination of overseas investors of various kinds. After SKS Microfinance and Share Microfin, Spandana and Basix are the next set of microfinance institutions to be approached by foreign investors willing to infuse capital. Quebec-based co-operative bank Desjardins and Oiko Credit of the Netherlands figure among the list of investors. […] Evolvence India Fund, (EIF), an established private equity fund of funds focusing on growth capital in India, has announced an investment of US$ 20 million into JM Financial India Fund, a corporate private equity fund sponsored by JM Financial Ltd, a dominant financial services group, and lead investor, Old Lane Partners, based in the U.S. […] Though a relatively young industry, the Indian private equity (PE) industry is witnessing an unprecedented growth on the back of a growing economy. Currently one of the fastest growing markets in the world, the Indian PE industry, which took off with the IT and outsourcing boom, is now witnessing large investments across various sectors – manufacturing, engineering, services, lifesciences, retail and infrastructure. […] The Indian agriculture conglomerate Jain Irrigation Systems is buying 50% of Israel's Na'an Dan Irrigation at a company valuation of NIS 140 million. The two firms will be entering a memorandum of understanding on the transaction next week. Sources in Israel's agriculture sector say that Na'an Dan preferred the Indian offer, even though Israeli company Netafim's offer was more attractive in many respects. […] BT Group Plc, US-based EMW and a number of system integrators are in advanced stages of negotiation with GTL Ltd to acquire its IT services business, a newspaper report said on 24 May. The acquisition price is “believed to be” … […]
Barclays PLC has hired consultancy firm KMPG to sell its 50 pct stake in Intelnet Global Services, an Indian based business process outsourcing (BPO) unit, according to The Economic Times. With India emerging as one of the most preferred investment destinations globally, World Bank's private equity arm, International Finance Corporation (IFC), is aiming at crossing the $500 million mark in new investments by June. “IFC's currently-held portfolio is $1.3 billion (as of June 2006) making India our fourth-largest country of operations. In FY06-07 (ending June 30), we hope to cross the $500 million in new investments in India,” IFC South Asia Senior Manager Sujoy Bose told PTI. […] |