It looks like Delhi law firm J Sagar & Associates is becoming stronger and stronger. It has managed to sign up some hotshot lawyers at other law firms. Akshay Chudasama of Zia Mody’s AZB Partners is moving to Sagar. The other partners who have joined Sagar include Dina Wadia, a partner of Little & Co., [...]
The boom in private equity and venture capital has engendered another breed of professionals. Private equity lawyers. This breed is now thriving on the increasing private equity activity in the US, India and China. That also calls for lawyers with skillset in finance. New York Times has an article on it here.
Dubia private equity firm Istithmar and Europe’s easyGroup have joined hands to start a chain of budget (non-frills) hotels in India. They would offer only rooms with no food and beverage outlets. easyGroup is the owner of Europe’s leading budget airline easyJet and hotel chain easyHotel. The JV will establish four easyHotel properties in Delhi, [...]
Baring Private Equity has invested $4 million in NeoAccel, a San Jose, California-based, next-generation Internet security solutions company. It’s Series A3 venture funding round of NeoAccel. The company makes security software solutions for virtual private networks, and its flagship product is expected to be launched at next week’s Interop Las Vegas 2006.
Baring’s investment follows earlier [...]
The Reliance Industries group (Mukesh Ambani) is setting up a private equity fund with a corpus of $111 million (Rs 500 crore). It will invest in the retail and real estate sectors. The fund is likely to be called Skill, reports The Economic Times. It may be headed by Mukesh Ambani’s close aide Anand Jain. [...]
Here is a story on a lesser know fund called Trikona Capital Group, which plans to invest in Indian real estate in a big way. The US-based fund, started by two India-born entrepreneurs, would plough in at least $1 billion through two funds launched in the US and UK, according to DNA.
Trikona, which has offices [...]
Construction is getting hotter. Hyderabad-based B Seenaiah & Company (Projects) Ltd (BSCPL), a construction company specialising in highway and irrigation projects, have received Rs 150 crore in private equity from New Vernon Private Equity Ltd, and from a group led by Tiger Veda Management and Touradji Capital Management. The PE firms have picked up 19 [...]
Private equity firm UTI Venture Fund and a Middle East investor have together invested about Rs 120 crore in the Chennai-based construction services company, Consolidated Construction Consortium (CCCL). It’s a combination of fresh equity and picking up of a minority stake of the promoters.
The Rs 400-crore CCCL was launched about a decade ago by a [...]
India’s leading consumer products company Dabur India is looking to acquire companies or brands overseas. The New Delhi-based maker of juices, cooking pastes and personal care products, is targeting small or mid-sized brands or businesses in south Asia, the Gulf region, North or West Africa.
The revenues of the target companies could be in the range [...]
It’s kind of a coup for Indiabulls Financial Services to strike a real estate partnership with DLF Group. They have formed a 50:50 joint venture called Kenneth Builders & Developers to develop residential and commercial properties across India. The JV has already bagged 35.8 acres of land from Delhi Development Authority (DDA) through a competitive [...]
Sending a tough message to the market participants, India’s market regulator Securities And Exchange Board of India (SEBI) has banned 24 operators including brokers, banks and depository participants from the stock markets for their involvement in the IPO scam. The brokers banned include biggies like Indiabulls and Karvy Stock Broking. Twelve depository participants (DP) have [...]
Megasoft, an IP-driven technology solutions company in the telecom and life sciences space, is close to acquiring a US-based telecom software company, reports The Economic Times. Megasoft is also simultaneously looking for an acquisition in India to strengthen its back-office operations. “We are in the final stages of negotiations with a US company and a [...]
Hinduja TMT, a minority shareholder in Hutchison Essar, a leading Indian telco, is believed to be exiting the company pre-IPO. Hutchison Whampoa, a major shareholder in Hutch, is said to have offered to buy the Hinduja group’s 5.11 per cent stake Hutch for $400 million, reports The Economic Times. It has also offered a gain [...]
D E Shaw, the world’s second-largest hedge fund, is entering India. DE Shaw has roped in Anil Chawla, chief executive officer - commercial finance, India & South East Asia, GE. Chawla will join the fund in June as the country head. He will be responsible for setting up offices and recruiting people.
According to a US [...]
Bill Owens, the former chief executive of Nortel and former high-ranking US military official, will join US private equity firm AEA Holdings to lead firm’s expansion into China and India. An official announcement is expected this week. AEA was formed last year out of the merger of AEA Investors, a leading buy-out firm on Wall [...]
