All that happened in the PE/VC/M&A space last week

30 January, 2017

Private equity firms Creation Investments Capital Management and ChrysCapital struck investment deals while Tata Steel Ltd and Wipro Ltd sealed acquisition deals in the week gone by.

US-based Creation Investments picked up an 11% stake in Muthoot Pappachan Group’s microfinance arm, Muthoot Microfin, for $19.6 million while ChrysCapital raised its stake in The South Indian Bank to 4.93% for $9.5 million. Brand Equity, the ad-for-equity arm of Bennett, Coleman and Company Ltd, agreed to invest in e-commerce firm Infibeam Incorporation.

In funding deals, US-based Aryaka Networks raised $45 million in a Series D round led by Third Point Ventures while Bengaluru-based ed-tech company Cuelearn received $15 million from CapitalG and Sequoia India.

The week also saw networking giant Cisco agreeing to pay $3.7 billion for software company AppDynamics. France’s Schneider Electric completed its acquisition of Luminous Electronics after getting approval from the Competition Commission of India to acquire the 26% stake it didn’t already own for $139.25 million.

The week also saw Wipro agreeing to acquire Sao Paolo-based Infoserver SA for $8.71 million and Hyderabad’s Cyient sealing a deal to buy Florida-based Certon Software for $7.5 million.

In the ports sector, Shapoorji Pallonji Group announced a deal to acquire a 51% stake in Gopalpur Ports for $102.61 million while Tata Steel said it would acquire a 51% stake in Creative Port Development Pvt Ltd.

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All that happened in the PE/VC/M&A space last week

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