ICICI Venture Sells 7.62% Stake In Infomedia 18
India Advantage Fund II, a fund managed by ICICI Venture Funds Management Company Ltd, has sold 7.62% stake of Infomedia 18 Limited for Rs.5.36 Cr through bulk deal on Monday.
The fund sold 3.81 Mn shares for Rs.14.06 per share on BSE.
Transaction Reference: BSE
In May this year, India Advantage Fund II was allotted 8.88% in the company in pursuant to the merger of the PE firm's unit I-Ven Interactive Ltd with Infomedia 18.
In 2003, ICICI Venture had acquired Infomedia 18 from the Tata Group, which it later sold to Television 18 Group in 2007. ICICI Venture which held around 62% stake in Infomedia, sold 40% stake to TV18 in 2007 for Rs.178 Cr, at a valuation of Rs.445 Cr. Post this, TV18 acquired additional 3.65% stake through open offer at Rs.237 per share.
Incorporated in 1995, Mumbai-based Infomedia 18is a priniting and publishing company with a presence in directories, magazine publishing, printing services and publishing outsourcing.
Currently, it publishes 20 titles spread across 8 Consumer magazines and 12 Trade magazines. Its publications include Infomedia Yellow Pages, Search, Overdrive, IC Chip, etc. It has presence in 25 cities in India with over 2155 employees.
The current market cap is Rs.100 Cr. It posted revenue of Rs.142.67 Cr with net loss of Rs.30.66 Cr for FY2011.
Last year, Infomedia 18 sold Glyph International, its publishing content services business to US-based Cenveo Inc.
| Readers' Comments | Post a Comment >> |
KVEZAR VIEW
| Date | Transaction | Type | Buyer | Size ($mn) |
|---|---|---|---|---|
| 06/07/11 | Infomedia 18 - India Advantage Fund II (Part Exit) | Private Equity | 1.21 | |
| 12/12/07 | Infomedia 18 - India Advantage Fund Exit | M&A | 49.60 | |
| 11/12/07 | Infomedia 18 - TV18 | M&A | TV18 Broadcast Limited (IBN18 Broadcast Limited) | 49.60 |
| 31/08/03 | Infomedia 18 - India Advantage Fund | Private Equity | India Advantage Fund Series I | 22.00 |
| Date | Type | Buyer | Target | Size ($mn) | State |
|---|---|---|---|---|---|
| 09/05/12 | Venture Capital | Neeraj Goenka | Talentube Entertainment Private Limited | 12.00 | Completed |
| 09/05/12 | M&A | Jyoti Agarwal | DB Corp Limited | 32.66 | Announced |
| 27/04/12 | Private Equity | The Chernin Group | Endemol India Private Limited | - | Completed |
| 27/04/12 | Private Equity | The Chernin Group | OML Entertainment Private Limited (Only Much Louder) | - | Completed |
Fund |
||||
| Name | Corpus | Target Sector | Website | KeyContact |
|---|---|---|---|---|
| India Advantage Fund Series II | 810 | BFSI Pharma Healthcare Media Retail |
www.iciciventure.com | Prashant PurkerAseem RangnekarChhaina Gagandeep SinghParag ShahUttam Kumar Garodia |
Company |
||||
| Name | Promoters | Office | Competitor | Website |
|---|---|---|---|---|
| Infomedia 18 Limited | 503 504 & 507 Mercantile House, 5th Fl 15 Kasturba Gandhi Marg |
Zee Entertainment Enterprises Limited Sun TV Limited Aastha Broadcasting Network Limited |
www.infomedia18.in | |
| Dealforwards |  |
| May 16, 2012... | Piramal Healthcare Acquires Decision Resources Group |
|
| May 17, 2012... | Car Rental Firm Carzonrent Acquires QCABS |
|
| May 21, 2012... | Healthkart Acquires Health Nutrition E-store Madeinhealth.com |
|
| May 18, 2012... | Panchshil Realty Buys Back IREO, Merrill Lynch's Stake In Three Projects |
|
| May 15, 2012... | A Profitable Injection Mould Design & Mfg Co Looking For A Strategic Investor |
|
