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Private Equity | 28 July 2014

Apax Partners Invests In Chola Finance

Apax Partners LLP has invested INR 5 Bn in Cholamandalam Investment & Finance Company Limited, the financial services arm of Murugappa Group, by way of subscription to 50 Mn Compulsorily Convertible Preference Shares at a Face Value of INR 100. The funds raised will be used towards augmenting its capital base for future growth and tier 1 capital adequacy.

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Mergers & Acquisitions | 28 July 2014

Dentsu Aegis Acquires OOH Agency Milestone Brandcom

Dentsu Aegis Network Limited, a unit of the Dentsu Inc. has acquired 51% stake in Milestone Brandcom, Out-of-Home (OOH) specialist agency, for an undisclosed amount. The deal which is likely to be concluded in a month provides Dentsu the option to further raise its in the company to 100%.

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