The promoters of Redington India have sold 14% stake in the company for Rs 391 Cr.
7.8% of the 13.99% equity was sold to six investors including Goldman Sachs, Morgan Stanley, Blackstone,IDFC, Universities Superannuation Scheme and 
Payash Securities. This stake sale has bought the promoters stake in the company to 29%.
Redington India is promoted by Redington Mauritius Limited. It is a distributor of printers, networking products and software.
Transaction Reference: ET
The company through its subsidiaries distributes products to more than 40 manufacturers, provides services to more than 12000 channel partners in India and more than 2800 channel partners in Middle East and Africa.
In the past, Redington raised funding from Chryscapital, T.Rowe Price and Indiaman Fund (Mauritius), of which Indiaman and Chryscapital exited in 2009 through capital market transactions.
Indiaman fund had invested $15.3 Mn in Sept'09 and exited by selling the stake for $11.4 Mn in Nov'09.
Chryscapital had invested $14.80 Mn March'06 and exited by selling its stake in two tranches. It first sold a part of its stake in Feb'08 for $11.70 Mn and then exited the company by selling the remaining stake for $12.65 Mn.
KVEZAR VIEW
| Date | Transaction | Type | Buyer | Size ($mn) |
| 05/07/11 |
Redington India - StanChart PE, ECL Finance |
Private Equity |
ECL Finance Limited |
98.50 |
| 02/07/10 |
Redington India - Stake Sale |
Private Equity |
Payash Securities Private Limited |
13.99 |
| 18/11/09 |
Redington India - Indiaman Fund (Mauritius) Exit |
Private Equity |
|
11.40 |
| 25/09/09 |
Redington India - ChrysCapital III LLC ( Exit) |
Private Equity |
|
15.88 |
| 24/09/09 |
Redington India - Indiaman Fund (Mauritius) |
Private Equity |
Indiaman Fund (Mauritius) Limited |
15.30 |
| 02/09/09 |
Redington India - ChrysCapital III LLC (Partial Exit) |
Private Equity |
|
12.25 |
| 30/07/09 |
Redington India - ChrysCapital III LLC (Partial Exit) |
Private Equity |
|
0.34 |
| 01/04/09 |
Redington India - ChrysCapital III LLC (Partial Exit) |
Private Equity |
|
1.11 |
| 07/07/08 |
Redington India - T. Rowe Price |
Private Equity |
T. Rowe Price International Inc |
- |
| 01/04/08 |
Redington India - ChrysCapital III LLC (Partial Exit) |
Private Equity |
|
5.67 |
| 21/02/08 |
Redington India - ChrysCapital III LLC Partial Exit |
Private Equity |
|
6.33 |
| 25/01/07 |
Redington (India) Limited - IPO |
IPO / Offerings |
|
33.80 |
| 16/03/06 |
Redington India - ChrysCapital III LLC |
Private Equity |
ChrysCapital III LLC |
14.80 |
| Date | Type | Buyer | Target | Size ($mn) | State |
| 06/02/12 |
M&A |
Agni Property Services Private Limited |
Looking For |
- |
Planned |
| 02/02/12 |
M&A |
Persistent Systems Limited |
Location business |
- |
Completed |
| 31/01/12 |
Private Equity |
Tiger Global Management LLC |
Flipkart Online Services Private Limited |
150.00 |
Completed |
| 31/01/12 |
M&A |
Dell Inc |
Looking For |
1007.05 |
Planned |
Fund |
| Name | Corpus | Target Sector | Website | KeyContact |
| The India Fund Inc. (Blackstone) |
|
Education |
|
|
Company |
| Name | Promoters | Office | Competitor | Website |
| Redington India Limited |
R Srinivasan |
SPL Guindy House, 95, Mount Road |
Ingram Micro India Limited |
www.redingtonindia.com |
| Payash Securities Private Limited |
Payal Ashok Bhanshali & Family |
123 Amin Chembers, Tardeo Road, Mumbai-400034. Maharashtra, India. |
Sunidhi Securities & Finance Limited |
|
