DealCurry: Private Equity Deals

Thu, September 09, 2010

Private Equity

India Alternatives Invests In Frameboxx, IIFM JV
by Khyati Doshi | September 09, 2010, 03:58 PM

Frameboxx Animation has tied up with Indian Institute of Financial Management (IIFM) and the combined entity has received private equity funding of Rs 28 Cr from private equity firm India Alternatives Investment Advisors Private Limited.

India Alternatives aims to have minority stake in the combined entity.

Frameboxx Animation is an animation and visual effects training institute whereas IIFM offers MBA programs and vocational training in financial services.

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Actis, Sequoia Plan Stake Sale In Paras Pharma For $700 Mn
by Deeshesh Chheda | September 08, 2010, 11:48 AM

Private equity firm Actis Capital and Sequoia Capital are planning to sell a controlling stake in FMCG company Paras Pharmaceuticals Limited for $700 million.

The private equity firms decided to sell their shares after receiving interest from drugmakers including GlaxoSmithKline, Sanofi-Aventis and Abbott Laboratories.

Actis, a private equity firm that invests in emerging markets, holds about 62% in Paras and Sequoia holds about 8%, while Paras Chairman Girish Patel and employees own the remaining stake.

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PE Fund SIDOFI Communication To Buy 10% In Asianet
by Deeshesh Chheda | September 07, 2010, 10:48 AM

Mauritius-based private equity fund SIDOFI Communication Investment is set to acquire nearly 10% stake in Kerala-based broadcaster Asianet Communication Limited (ACL), which is backed by leading broadcaster Star TV India.

SIDOFI will buy this stake from another Mauritius-based private equity fund Americorp Ventures. Americorp bought 9.33% stake in Asianet in 2005 for Rs.6.6 crore valuing Asianet at Rs.70 crore.

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Clearwater Capital Acquires 9.99% Stake in Oricon Enterprises
by Deeshesh Chheda | September 03, 2010, 05:27 PM

Clearwater Capital Partners Singapore Fund III (P) of Singapore, a majority-owned unit of Clearwater Capital Partners has bought 9.99% stake in Oricon Enterprises Limited for Rs.33.8o crore.

It bought 961,641 shares at Rs.351.50 from Beaumaris Investments through open market on BSE.

Earlier in Sep 2009, Clearwater Capital has invested Rs 35 crore in Oricon through fully convertible debentures (FCD).

Oricon Enterprises manufactures mixed pentane, a petrochemical with industrial applications, and is also into trading in metals and chemicals.

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Baer Capital Plans New PE Fund, To Raise $300 Mn
by Deeshesh Chheda | September 03, 2010, 11:13 AM

India-focused Baer Capital Partners expects to raise around $300 million for a second private equity fund and plans its first exit by floating a power distribution company.

With the new deals in the pipeline and almost three-fourths of its first fund Beacon India Private Equity Fund been invested, it is planning to raise this new fund for further investments.

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Cethar Vessels Plans To Raise Rs 400 Cr PE

Zenox Lifesciences To Raise PE Funding

iDiscoveri Raises $10 Mn PE From India 2020 Fund

Clearwater May Acquire 33% Stake In Kamat Hotels

Everstone Capital Raises $350 Mn Fund

Latest DealCurry Notes

Symphony Service Acquires US Based CoreObjects Software

September 09, 2010, 04:05 PM | Deeshesh Chheda

Bangalore-based Symphony Service Corporation has acquired CoreObjects Software Inc, a Los Angeles-based new product development services provider, that specialises in bringing commercially deployable products to market.

With CoreObjects’ engineering delivery centers in Bangalore and Pune, India and its team of highly skilled full-time product engineers and deep vertical market expertise, Symphony Services will expand its offerings in the product development and embedded product development space.

This acquisition also provides Symphony Services access to additional re-usable components and frameworks for product development, including CoreObjects' Smart Objects suite of software assets designed to speed clients' products to market.

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M&A

»	French BPO Accelya To Buy Stake In Kale Consultants
»	Royal Orchid Increases Its Stake In Amartara Hospitality To 74%
»	Swiss Re To Exit TTK Healthcare TPA
»	KEC International To Acquire SAE Towers For $95 Mn

PRIVATE EQUITY

»	India Alternatives Invests In Frameboxx, IIFM JV
»	Actis, Sequoia Plan Stake Sale In Paras Pharma For $700 Mn
»	PE Fund SIDOFI Communication To Buy 10% In Asianet
»	Clearwater Capital Acquires 9.99% Stake in Oricon Enterprises

VENTURE CAPITAL

»	Times Internet Invests $4 Mn In Online Content Network InstaMedia
»	Lok Capital, Aavishkaar Invest Rs 17.5 Cr In Pune MFI Suryoday
»	Aavishkaar Partially Exits Servals Automation, Shree Kamdhenu
»	Vriti Infocom Raises Series-B Funding From JAFCO Asia, Intel Capital

I.P.O. / OFFERINGS

»	Ind-Swift Lab To Raise Rs 5oo Cr
»	Shilpi Cable Files DRHP To Raise Rs 56 Cr Via IPO
»	Murli Industries To Raise Rs 1000 Cr To Fund Its Projects
»	Reliance MediaWorks To Raise Rs 500 Cr Via QIP