M & A
Suzlon Energy sells China manufacturing unit for
$60M
Suzlon Group, which controls wind-turbine maker Suzlon Energy, said on
Saturday it will sell stake in its China manufacturing unit to China Power New
Energy Development Co. Ltd. for 3.4 billion rupees. Suzlon, the world's
fifth-largest wind turbine maker by cumulative installed capacity, will sell
the unit with the majority of its assets and liabilities. Suzlon Group
established its marketing operations in China in 2005, followed by a wholly-owned
manufacturing facility in 2006. The company has till date installed over 900
megawatts of wind capacity in China.
23 June 2012, source :
Vccircle
Yatra
acquires online hotels aggregator Travelguru from Travelocity
Online travel portal Yatra.com has acquired Travelguru, the Indian arm of US travel
services provider Travelocity, to become the largest provider of hotel bookings in the country.
The acquisition will help company
double revenue growth in the next 12 months by expanding market share as Travelguru is the country's largest hotel
distribution network with access to more than 6,500 hotels in India and 72,000
hotels worldwide. Yatra.com's revenue in 2011-12
was about 3,500 crore.
2nd July
2012 Source: The economic times
Panasonic
exiting Nippo Batteries, to raise stake in Panasonic Carbon
Japanese major Panasonic Corporation, which holds a near 30
per cent stake in Nippo Batteries Co. Ltd, is exiting from the joint venture by
selling its stake to the Indian promoter of the company. Nippo Batteries said
that its Managing Director Mr. P.Dwaraknath Reddy would acquire from Panasonic
Corporation 11,47,125 shares forming 30.59 per cent of the equity capital, its
entire stake. The acquisition would be through block deal at market price
prevailing on the date of transfer
5th
June 2012, Source : Hindu Business Line
Rating
company CRISIL to buy UK-based analytics firm Coalition for $44.8M
Rating
company Crisil Ltd has agreed to acquire UK-based analytics firm Coalition
Development Ltd , along with its subsidiaries, for about £29 million (Rs. 250
crore). The deal is an all-cash transaction and will add to the earnings per
share (EPS) of Crisil from the first year.
1st
June 2012, Source:Livemint
Private equity
Fidelity
leads $6.3M investment round in MineralTree
Fidelity Growth Partners India has led a $6.3 financing round
for Boston-based MineralTree, which provides cloud-based secure payments
services for small- and medium-sized enterprises (SMEs). MineralTree's
payment-plus-cash-management solution is intended to meets the needs of
companies with annual revenues of $500,000 to $50 million. The funding will be
used to enhance the company's service platform and, accelerate partnerships
with banks and improve distribution to customers.
26th
June 2012, Source: Asian Venture capital Journal
Samara
Capital invests $32M in Monte Carlo Fashions
Mumbai-based private
equity fund Samara Capital has invested Rs 175 crore to acquire 20 per cent
stake in Monte Carlo Fashions Ltd, an apparel manufacturing and retailing
company. The funding will be used to meet working capital requirements and
Capex needs. Monte Carlo
Fashions is a part of the Punjab-based Nahar Group. Last year, the group's
flagship Oswal Woollen Mills hived off this premium apparel brand into a
separate entity to unlock the value of the brand through IPO and private
placement. Monte Carlo was valued at Rs 850 crore when it was hived off from
the parent
9th
June Source : Reuters
AMP
Capital invests $29M in Shalivahana Green Energy
The Hyderabad based Shalivahana Green Energy develops, owns
and operates a portfolio of power generation assets across the agri-waste,
hydro and wind sectors. It has an operating capacity of 80 mega watt (MW) with
another 45 MW to be commissioned in the next six months. AMP Capital Asian Fund
has acquired 34% stake in Shalivahana Green Energy for $29 million.
6th June
2012, Source : Hindu Business line
Warburg
Pincus acquiring majority stake in Future Capital
US private equity giant Warburg Pincus will expand its presence in the country's financial services
sector by buying a majority stake in Future Capital, the troubled finance arm
of one of India's Future Group. The $40 billion buyout firm is likely to pay
`165-170 per share to, a premium to Friday's closing price of `138. The deal
will help Pantaloon Retail, the group's listed flagship company, which holds
the majority stake in Future group, to cut debt and improve cash flows
3rd
June 2012, Source: The Economic Times
Venture capital
Sequoia
Capital invests in Citrus Payment Solutions
Sequoia
Capital has invested in Mumbai based - Citrus Payment Solutions Private Limited, offering payment
solutions. The amount of investment is undisclosed. Founded in 2011 by Jitendra Gupta, Citrus Payments
provide online bank payment and cards payments solutions for internet retailersin
India.The Citrus Payment Gateway platform provides a superior, secure and
cutting edge to process online payments for a host of service providers. The
company also offers Email invoicing solutions.
8th
June 2012, Source: Dealcurry.com
Komli
Media raises $39M from Norwest Venture Partners, Nexus, Helion
Komli Media, India's biggest online media technology
platform for advertising, has raised $39 million, or Rs 214 crore, in the
biggest round of fundraising by an internet company.
Norwest Venture Partners led the latest round with participation
from existing investors- Nexus Venture Partners, Helion Venture Partners and
Draper Fisher Jurvetson- along with one new investor, Western Technology Investment.
12 June 2012, Source: The Economic times
Kids-related
services firm Mycity4kids.com raises angel funding from YourNest Angel
Fund
Gurgaon-based startup
Mycity4Kids has raised an undisclosed angel funding from YourNest Angel Fund,
an early-stage venture capital firm.
IT is estimated to be around Rs 3-5 crore, given the investment strategy of the
sector-agnostic fund.
21st June source : Reuters
Vinod
Khosla’s SunBorne Energy raises $5M VC funding
Vinod Khosla-backed Sun
Borne Energy Holdings LLC has raised $5 million (Rs 28.4 crore). Massachusetts-based SunBorne
Energy, which was incorporated in 2008, operates in the solar energy spectrum.
In India, the company's business model is based on utility scale projects.
SunBorne has successfully bid for several solar projects awarded by Gujarat (15
MW), Rajasthan (Phalodi), Andhra Pradesh and Karnataka (10 MW). It has drawn up
massive expansion plans in the solar energy segment and aims to build over 1 GW
of power in 5-7 years, underlining the enormous potential of the nascent solar
power sector in India. SunBorne plans to commission more than 200 MW of
capacity by 2014.
25th June
2012, Source: Reuters
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