19 Jun, 2013
The Leela Palace, Bengaluru
M&A
JSW ISPAT Steel to buy grinding unit of Heidelberg Cement
May 21, 2013 | TEAM VCC
The Indian arm of the German building materials firm has been in the news for a rumoured deal where private equity firms may pick a minority stake in the cement company.
Kingfa Sci to acquire 66.5% stake in Hydro S&S Industries for $1.9M
May 21, 2013 | Bhawna Gupta
Deal is struck at a high premium to the market price of the small-cap firm and could allow the acquirer to delist the company.
Yahoo to acquire Tumblr for $1.1B in cash
May 20, 2013 | Reuters
The deal will provide Yahoo with a much-needed platform in social media to reach a younger generation of users less tied to Yahoo's traditional Web portal and email services.
Morgan Stanley to sell India wealth management unit to StanChart
May 20, 2013 | Reuters
Morgan Stanley launched the sale of its Indian private wealth management unit last November, after entering the highly fragmented and competitive market about four years earlier.
Aditi Technologies acquires cloud consulting startup Get Cloud Ready
May 17, 2013 | Rashi Varshney
This is the firm’s second major cloud consulting acquisition; Aditi acquired Cumulux in 2011.
Swiss giant Glencore sells entire stake in Tinna Viterra to JV partner
May 15, 2013 | Bhawna Gupta
The development came after Glencore completed its merger with Xstrata to form the world’s fourth biggest mining company and emerged as the biggest commodities trader.
Eureka Forbes to acquire majority stake in Switzerland-based Lux International
May 15, 2013 | Bhawna Gupta
The acquisition will help Eureka Forbes extend its footprint to over 40 countries with 25,000 employees.
Cloud firm 8KMiles buys FuGen for $7.5M; looking for more acquisitions in 2013
May 14, 2013 | Sainul K Abudheen
FuGen founder and CEO Lena Kannappan will join 8KMiles as COO.
Publishing services company MPS to acquire US-based content firm Element for $1.8M
May 13, 2013 | Bhawna Gupta
The acquisition will enhance MPS’ presence in the US educational publishing market.
Tata Power joins hands with Clean Energy and IFC InfraVentures to develop hydro projects in Georgia
May 10, 2013 | Bhawna Gupta
Tata Power and Clean Energy will hold 40% stake each in the project and the remaining 20% will be held by IFC InfraVentures.
Metropolis Healthcare acquires diagnostic labs in Nairobi, Guwahati
May 10, 2013 | Lohit Jagwani
In 2010, Metropolis got an investment of $85 million from Warburg Pincus.
Global Edge Software acquires Bangalore-based Dearborn Electronics
May 10, 2013 | Bhawna Gupta
As part of the deal, Srinivas Prasad and Anand Mutalik will continue to serve on Dearborn’s board as MD and CEO, respectively.
UK’s OCS Group takes minority stake in manpower guarding & security services firm CISS
May 09, 2013 | Rashi Varshney
This is the third investment by OCS in India in the past one year and the first where it has picked up a minority stake.
Servion Global Solutions acquires JAMS UK
May 09, 2013 | Bhawna Gupta
Servion was earlier backed by Sansar Capital.
Viceroy Hotels sells Chennai project to Ceebros for $88M
May 08, 2013 | TEAM VCC
Two years ago, the project was slated to be sold to two other buyers for Rs 500 crore in a deal which did not fructify.
Wipro to invest $30M in US-based Big Data firm Opera Solutions
May 08, 2013 | Bhawna Gupta
First investment by Wipro in CY13; last year, it acquired Australian firm Promax Applications for $37 million.
French stationery major BIC Group set to complete disputed stake buy in Cello
May 06, 2013 | Bhawna Gupta
BIC, which also has a call option to increase holding in various entities of Cello, was pulled into arbitration, as Cello sought to scrap the deal.
Jindal Poly Films to buy global BOPP business of ExxonMobil for $235M
May 03, 2013 | TEAM VCC
The deal will boost Jindal Poly Film’s capacity by a third to almost 0.5 million tonnes, making it one of the key players in the business globally.
UK-based Smith & Nephew to acquire Indian healthcare products maker Adler Mediequip
May 03, 2013 | Lohit Jagwani
The medical technology company will also acquire Sushrut Surgicals; the deal will help it enter the trauma product segment in the country.
Nexus Ventures scores another exit as Yahoo acquires to-do list mobile app Astrid
May 03, 2013 | Rashi Varshney
The venture capital firm, which raised its third fund late last year, has made over half a dozen exits.
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JOBS
- Associate - Red Fort Capital Advisors Pvt Ltd
- The Private Equity Associate - Nereus Capital
RECENT COMMENTS
- 21 May 2013PhoenixonWell said Varadha. This comment of your is unclear, " LPs ought to maintain an arm's distance from GPs and...
- 21 May 2013AnooponThe biggest problem in Indian PE fund GPs is Ethics. They want Day-One-Carry rather than long term carry. There should...
- 20 May 2013varadhaonExits are not happening because a lot of businesses that PE funds invested into were not worthy of investments in the...
- 17 May 2013Santosh VermaonMohanjit, You have the ability to say something that can be said in 100 words in 5,000 words. Congrats on a well...
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