022 24172311
Venture Capital
Private Equity

DataBoard Demo
Mergers & Acquisitions | 6 January 2012

Hochtief May Acquire Majority Stake In Coastal Projects

by Irfan Khan
Hochtief May Acquire Majority Stake In Coastal Projects
Share on Social Media Email Facebook Twitter Linkedin
Germany based Hochtief AG may acquire a majority stake in Coastal Projects Ltd providing an exit to Baring PE, Sequoia Capital, Fidelity and Deutsche Bank. The three investors hold around 32% stake in the company.

According to ToI, this transaction may value the AP based construction services firm at around $500Mn and Edelweiss Capital is believed to be advising on the transaction.

Founded in 1995, Hyderabad-based Coastal projects, a civil engineering and construction firm, specialises in tunneling and underground excavation for hydro-electric, irrigation, rail, road and mining projects.

It has offices in Hyderabad, Delhi, Bangalore, Chennai and Colombo and work sites are located across the country.

It has completed 75 km of tunnelling work and at present has 250 km under execution. It is executing Border Fencing Work on both eastern and western borders of India.

Heckyl Raises $1Mn From Seedfund

Heckyl Raises $1Mn From Seedfund

According to a report on Yourstory.in, Mumbai based financial information provider - Heckyl has raised $1Mn from Seedfund.


Druva raises $51m from Sequoia, EDBI and others

Druva raises $51m from Sequoia, EDBI and others

Sunnyvale, California-based Druva Inc., a cloud-first data protection solution provider, announced receiving $51 million in funding. This round of funding was led by existing investor Sequoia India, along with participation of new investors such as Blue Cloud Ventures, Hercules Capital, and Singapore-based EDBI. Existing investors like Japan’s NTT Finance (financial arm of Japanese telecommunications company Nippon Telegraph and Telephone Corporation), Nexus Venture Partners and Tenaya Capital also contributed to this round.

Enter your Email address
to receive all the news