MPM Capital, the largest venture capital investor dedicated solely to healthcare, has made a $20 million investment in Hyderabad-based Sai Advantium Pharma, a chemistry-driven drug discovery and development service company. This is the first investment by MPM Capital in India.
As part of the deal, MPM Managing Director William Greene is joining Sai Advantium’s Board of [...]
Axis Private Equity, the private equity arm of Axis Bank, has made its maiden deal. It has invested $30 million (Rs 126 crore) in Delhi-based railway line manufacturer Harish Chandra India Ltd (HCIL), through its recently-launched Axis Infrastructure Fund-I. Business Standard reported that Axis PE has picked up over 25 per cent stake in the [...]
Unitus Equity Fund II, the second fund of Unitus, a private equity firm focused on social investment and microfinance opportunities, with significant presence in India, has received $40 million funding from Dubai based Legatum Capital and Omidyar Network. UEF II will provide capital to growth-oriented MFIs.
Legatum, a private international investment firm focused on sustainable development, [...]
Chennai-based e-learning company Everonn Systems India has raised Rs 94 crore from a fund of Blackstone Group, New Vernon Private Equity and Deutsche Securities. The promoters of the company have also subscribed for warrants worth Rs 50 crore, taking the total investment to Rs 144 crore.
A board meeting of the company on May 9 has [...]
Steel company Shree Precoated Steels Ltd is planning to sell 10-15 per cent stake to a private equity fund to raise about Rs 700 crore (market cap is Rs 2,317 crore, though), reports Mint. The company is believed to be in talks with funds like ICICI Venture.
SPSL’s promoters currently own 62 per cent opf the [...]
Sequoia Capital funded non-banking finance company Manappuram General Finance and Leasing Ltd (MAGFIL) is planning to raise Rs 100 crore ifrom a “leading global bank”, says a report quoting a senior company official. The Kerala-based finance firm had raised Rs 70 crore from Sequoia and India Equity Partners.
The company will raise the equity ahead of [...]
Eredene Capital Plc., the UK based company which invests in infrastructure projects and real estate development in India, has said that it will invest up to Rs 21 crore or 2.6 million pounds in a new logistic park at Kalinganagar in Orissa, India, through its joint venture partner Apeejay Infra-Logistics Pvt. Ltd.
The company is [...]
The India and US based power point (PPT) online sharing company SlideShare.com has received $3 million funding from a group of angels and venture capital fund Venrock Associates. SlideShare works on the same principle as YouTube - the difference is that the former hosts PPTs while the latter hosts videos. (We have used Slideshare on [...]
New Horizon Media Pvt Ltd (NHM), a Chennai based regional language book publisher, has received an undisclosed investment from Beacon India Private Equity Fund as part of its second round of funding. The Mumbai-based fund, part of Dubai-based Baer Capital, will pick up a minority stake in the company. This round also saw investments from [...]
Mumbai-based SME-focused fund BTS India Private Equity Fund Ltd has invested $7 million in Parabolic Drugs, a Chandigarh based pharmaceutical company. Yes Bank was the advisor to Parabolic for the transaction. This is the second investment by BTS group, a fund sponsored by Swiss Tec Group of Switzerland, in the Indian pharma sector. It had [...]
Merrill Lynch, Deutsche Bank and Indivision Capital Partners, the private equity arm of Future Group, are in race to buy 8-10 per cent stake in travel services firm Cox & Kings in a pre IPO deal. The US-based financial services major Merrill Lynch is the front-runner to pick the stake in a deal which could [...]
PremjiInvest, a new private equity fund sponsored by Wipro’s Azim Premji, has made its maiden investment of $20 million in HealthCare Global Enterprises Ltd. (HCG), a Bangalore based oncology care company. This is the second round of private equity investment in HCG. In July 2006, IDFC Private Equity invested Rs 50 crore ($10.8 million) in [...]
Exclusive: Canvera, a Bangalore-based company that provides online/offline services to professional digital photographers, has raised an undisclosed amount of Series A funding in a round led by Footprint Ventures, and joined by Draper Fisher Jurvetson, Mumbai Angels and a couple angels from the UK. Josh Bornstein from Footprint and Mohanjit Jolly from DFJ have joined [...]
Mahindra & Mahindra, one of India’s largest utulity vehicle makers, has sold 3.68 per cent stake to Goldman Sachs for Rs 700 crore via issue of fully and compulsorily convertible debentures (FCDs) which will be converted into equity within 18 months. This is the first time in its 62-year history the family-run utility maker raising [...]
DLF Assets, the property fund of DLF Ltd, India’s largest real estate developer by market capitalisation, has raised $450 million (Rs 1,831.5 crore) from Symphony Capital, a London based investment firm. DLF Assets has earlier received $200 million from a fund sponsored by Lehman Brothers and $400 million from another global investment firm DE Shaw [...]
