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Private Equity | 16 October 2012

Verlinvest SA Buys Stake In Future Ventures

by Charmi Gutka
Verlinvest SA Buys Stake In Future Ventures
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Verlinvest SA has picked up around 10% stake in Future Ventures India for around R110 - 130 Cr. The stake was mostly acquired from the open market over the last three to four months, according to ET.

Kishore Biyani plans to realign Future Ventures into two operating entities - food and fashion, to attract fresh strategic and financial investments.

The company has mandated PricewaterhouseCoopers and law firm AZB & Partners to advise it on the restructuring exercise.

Japanese Firm Mitsui May Invest In Carlyle Backed Claris Lifesciences

Japanese Firm Mitsui May Invest In Carlyle Backed Claris Lifesciences

Mitsui of Japan, through its healthcare arm, is likely to invest R250 Cr in sterile injectables maker Claris Lifesciences, according to ET.

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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.

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