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News Roundup: Warburg Pincus Outbids Bain For QuEST Stake

29 October, 2010

Warburg Pincus Outbids Bain For QuEST Stake – Warburg Pincus has outbid rival Bain Capital to pick up an equity stake in Bangalore-based QuEST for $60 million. PE majors Bain Capital, Warburg, ChrysCapital and KKR were in fray to pick up a stake in QuEST, which designs software for GE , Rolls Royce and Airbus. Warburg has valued QuEST around $340 million, almost $15 million higher than what Bain offered. (Economic Times)

Pepsi, Tata Global To Hold 50:50 In JV – The board of Tata Global Beverages has approved forming a 50:50 joint venture with PepsiCo and will give licence to sell its ‘Himalayan’ brand of natural water to the new company. The JV will focus on non-carbonated ready to drink beverages focused on health and enhanced wellness. (Financial Chronicle)

Colosceum To Sell 26% Strategic Stake – Television content company Colosceum Media Entertainment is looking for a strategic investor to sell up to 26% for cash and access to an international library of established brands and titles. In the last financial year, the company had revenues of about Rs 33 crore, with net profit of Rs 34 lakh. The company expects annual revenue growth of around 30-35%. It is backed by private-equity fund Media Venture Capital Trust , that is owned by an unnamed Indian media conglomerate.  (ET)

Kotak Raising $120M Quasi-Private Equity Fund – Kotak Mahindra is raising a $120 million second “quasi-private equity” Indian fund in which European and Asian family offices have together committed at least $50 million. Investors in the current $86 million fund, the Kotak India Focus Fund I, include family offices worldwide and insurance companies. The fund, which began investing in August 2007, has gained 35% to 40% in rupee terms. (IPE)

FMC Gives Nod To NCDEX Stake Sale – Commodity market regulator FMC has given permission to NCDEX for issuing 1.31 crore equity shares to Jaypee Capital Services and Shree Renuka Sugars. Leading agricultural bourse NCDEX is issuing fresh shares to raise its equity capital to Rs 50 crore, in line with the new norms on equity structuring and ownership guidelines, with which national exchanges have to comply with by February next year. (Indian Express)

Religare Technova Completes Demerger – IT firm Religare Technova has completed the de-merger of its global Banking, Financial Services and Insurance-led products business from its healthcare IT businesses. The company also announced a recast of its global management team and its board, with Ralph Horne now being appointed as Global CEO and Managing Director. (Business Standard)

Century Group To Raise Rs 750Cr From PEs – Century Group, a Bangalore-based integrated, full-service real estate development company, is currently in talks with private equity (PE) players to raise Rs 750 crore to fund its planned developments, and also take existing projects to their next stage. The company recently raised Rs 100 crore by way of non-convertible debentures and another Rs 100 crore as term loans from public sector banks. (HinduBusinessLine)


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Saab to pick 26% stake in aerostructure assembly JV with PE-backed QuEST

Saab to pick 26% stake in aerostructure assembly JV with PE-backed QuEST

TEAM VCC 5 years ago
Warburg Pincus-backed QuEST Global’s group firm QuEST Global Manufacturing has...
Bain, GIC & Advent buy out Warburg Pincus, others in QuEST for $350M

Bain, GIC & Advent buy out Warburg Pincus, others in QuEST for $350M

TEAM VCC 2 years ago
Bain Capital, GIC and Advent International have invested approximately $350...
Warburg Pincus Invests $75M In QuEST Global

Warburg Pincus Invests $75M In QuEST Global

Madhav A Chanchani 7 years ago
Outsourced engineering services provider QuEST Global Services Pte Ltd has...
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News Roundup: Warburg Pincus Outbids Bain For QuEST Stake

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