Dabur Promoters In Talks For 26% In Espirito Santo – The Burman family, promoter of Dabur India, is likely to buy less than 26 per cent stake in the Indian unit of Portuguese investment banking and securities firm Espirito Santo. Lisbon-based Espirito Santo is the investment banking arm of Banco Espirito Santo SA, Portugal’s largest publicly traded bank. The firm is a strong player in its home markets of Iberia and the UK. (Business Standard)
Yahoo! Sells Consim Info Stake At $190M Valuation – Yahoo! Inc has sold its stake in the company that owns the online matchmaking portal bharatmatrimony.com, valuing it at $190 million ( Rs 900 crore). Three global venture funds have acquired the search provider’s 12% stake in Consim, which also runs other online classified portals. Bessemer Venture Partners, Mayfield Fund and Canaan Partners have together invested about 100 crore in the Chennai-based company. (Economic Times)
Future Group To Exit SSIPL Before IPO – Kishore Biyani-led Future group plans to sell off its minority shareholding in SSIPL Retail ahead of the latter’s initial public offering. Rishab Soni-promoted SSIPL Retail is the country’s largest retailer of Nike shoes and one of its largest manufacturing partners in India. The stake is held by BSE-listed Future Ventures through its subsidiary Indus-League Clothing. (Financial Chronicle)
Parkway Holdings Set To Buy Sterling Hospitals – Singapore-based Parkway Holdings has emerged as a favoured bidder for Sterling Hospitals, an Ahmedabad-based group controlled by private equity player Actis. Parkway could pay around Rs 700 crore if the deal is consummated, giving it a foothold in the $65-billion Indian healthcare sector. Parkway, which is owned by Khazanah Nasional Bhd, Malaysia’s sovereign wealth fund, scored over South India-based Manipal Health Enterprises, the other bidder. (Economic Times)
Sequoia Capital Invests $5M In Faaso’s – Marquee investor Sequoia Capital will invest $5 million for an undisclosed minority stake in Faaso’s, a Pune-based vendor of Indian fast food founded by two engineering college classmates. The chain will use this funding to set up 50 units in Mumbai in the next 18 months and then hopes to have 300 to 400 outlets across the country in Bangalore and the National Capital Region. (Economic Times)
DLF Seeks Binding Bids For Aman Resorts – DLF , India’s largest developer, has asked bidders for its luxury hotel chain Amanresorts International to make binding offers within two weeks in a deal that could fetch at least $400 million. DLF has asked for about six final bids from a pool of 10 non-binding bids in a process managed by Goldman Sachs and Citigroup , which is expected to be completed in a month’s time.
Fire Capital Ties Up For Value Housing Projects – Promoters of real estate-centric private equity fund Fire Capital and America-based real estate investment and development firm, The Related Group of USA, are coming together to develop value housing projects in tier-2 and-3 cities. Both entities plan to invest Rs 6,000 crore on Astrum Homes over four years. The projects will be operational in Punjab’s Amritsar and Haryana’s Panipat, at Rs 20-25 lakh per unit. (Business Standard)
Trivitron Picks Up Stake In Kiran Medical – Medical device and technology provider Trivitron Healthcare has picked up minority stake in Mumbai-based Kiran Medical Systems, a player in the image enhancement and radiation protection space. The investment in Kiran combines a cash component and a stock swap. The agreement between the two companies also provides for Trivitron to increase its shareholding over the next few years. (Business Line)