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1.News Roundup: Intelenet Acquires UK's FirstInfo For $67M (www.vccircle.com)
Intelenet Acquires UK's FirstInfo For $67M - Blackstone controlled Intelenet Global Services has acquired the back office operations of UK transport company FirstGroup for $67 million. FirstInfo handles the ticketing and other functions of FirstGroup's...
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2.Emerging Markets Lead PE Investments in 2009 (www.vccircle.com)
Emerging markets are the hot spot for PE activity, it appears. Emerging markets have captured 9% of global private equity fund-raising and 26% of private equity investment in 2009, according to new research from the Emerging Markets Private Equity Asso...
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3.Spanish Owners Want Direct Stake in Pepe’s India Play (www.vccircle.com)
Spanish entrepreneur Carlos Ortega and private equity major Torreal, that control Pepe Jeans, will take direct control of Indian operations through a joint venture deal in which the foreign owners will keep up to 51% stake.
Pepe has kicked off discussi... -
4.News Roundup: Daimler To Sell Tata Motors Stake (www.vccircle.com)
Daimler To Sell Tata Motors Stake - DaimlerChrysler AG is selling its 5.34% stake in Tata Motors through an open-market sale which could fetch $428 million to the German carmaker. The 2.55 crore shares are expected to offer in a price-band of Rs 737.40...
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5.NMDC Priced To Sell In $2.6 Bn Offer (www.vccircle.com)
The government is betting that a deep discount for this week's $2.6 billion share sale in NMDC, India's largest iron ore miner, revives interest in a divestment programme that has thus far generated uneven interest.
The government has pencilled in reve... -
6.Sequoia Hikes Stake To 9.7% In KPO eClerx (www.vccircle.com)
Sequoia Capital is increasing its stake in knowledge process outsourcing firm eClerx Services Ltd.
The venture and growth capital investor has picked up an additional 2.9% stake in the BSE-listed eClerx through an open market transaction for Rs 29.7 cr... -
7.Independent News Cuts Jagran Prakashan Stake (www.vccircle.com)
UK-based media house Independent News & Media (INM) has struck gold in its four-year-old investment in local publishing group Jagran Prakashan. It sold 7.5% or over half of its remaining holding in the company for Rs 255 crore to a bunch of domestic an...
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8.NSE Ups Stake To 25% In NSDL (www.vccircle.com)
The National Stock Exchange of India Ltd (NSE), the privately held stock exchange, has hiked its stake to 25% in the National Securities Depository Ltd (NSDL).
NSE has bought the additional 9.42% stake in the depository from the Specified Underta... -
9.'Easy Exits In 2-3 Years May Be A Thing Of The Past’ (www.vccircle.com)
New York-based fund of funds (FoF) Siguler Guff has invested nearly 20-30% of its $915-million BRIC fund across different private equity funds in India. Both India and China form a primary emphasis for the fund-of-funds which is currently on the fund r...
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10.Kaushal Sampat Is D&B India CEO (www.vccircle.com)
Dun & Bradstreet India, the local unit of US-based business information and risk management solutions provider Dun & Bradstreet (D&B) Corporation, has elevated Kaushal Sampat to the position of president and chief executive officer (CEO). Sampat, who i...
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11.Macquarie Capital Appoints Gaurav Gupta As India Head (www.vccircle.com)
Macquarie Capital, the investment advisory and financial services arm of Australia-based investment banking major Macquarie Group, has appointed Gaurav Gupta as head of its India business.
Gupta was most recently with Nomura as head of its teleco... -
12.CCMP Capital Buys US Firm Infogroup For $460M: Report (www.vccircle.com)
CCMP Capital Advisors, LLC, a leading private equity firm specialising in buyouts and growth equity investments, is acquiring Infogroup Inc. for about $460 million, according to a report in Wall Street Journal.
Infogroup is a global provider of b... -
13.TPG May Back Shriram Properties Buyout Moves (www.vccircle.com)
Private equity giant TPG Capital may be backing a consolidation move attempted by Bangalore-based real estate developer Shriram Properties in acquiring real estate assets.
At least two sources, directly familiar with the developments, said, TPG was wil... -
14.News Roundup: Intel Capital To Buy 2% In MCX (www.vccircle.com)
Intel Capital To Buy 2% In MCX - Foreign institutional investor Fidelity, which holds around 7% stake in commodity bourse MCX, is selling 2% in the exchange to Intel Capital in order to comply with government's restriction of capping a single foreign i...
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15.Govt Seeks To Cut Stake In State Bank To 51% (www.vccircle.com)
The government on Monday sought parliamentary approval to cut its stake in top lender State Bank of India to 51 percent from 55 percent, seeking to raise $1.2 billion at current market prices from the key reform move.
The government had earlier said it... -
16.Fourcee Infrastructure Raises Rs 50Cr From Mayfield, SIDBI Venture (www.vccircle.com)
Fourcee Infrastructure Equipment Pvt Ltd, a Mumbai-based logistic provider, is raising Rs 50 crore from venture capital funds Mayfield India Fund and SIDBI Venture Capital Ltd.
Fourcee, which offers logistic solutions for liquid cargo, plans to utilise... -
17.Essar Plans Up To $3B London Listing (www.vccircle.com)
Indian conglomerate Essar Group plans to raise about $2.5 billion to $3 billion by listing its energy and power businesses on the London bourse in late April, tapping new investors to fund its ambitious expansion plans.
The company will sell a 20 perce... -
18.Janalakshmi Financial Gets $10 Mn From Treeline Asia (www.vccircle.com)
Janalakshmi Financial Services, a Bangalore based microfinance institution (MFI), has raised $10 million in its series B funding led by Treeline Asia Master Fund. The Hong Kong and Singapore-based hedge fund has invested in this round with Bellwether M...
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19.Finmin: Borrowing Won't Crowd Out Pvt Sector (www.vccircle.com)
India's record market borrowing in the fiscal year 2010/11 will not crowd out private borrowers, the finance minister said on Saturday.
"Last year, in co-operation with the Reserve Bank the borrowing was arranged in such a manner that the privat... -
20.Due Diligence In Retail Set To Increase (www.vccircle.com)
Rapid store expansions by players looking to cash in on increased consumer purchasing power and improved consumption patterns propelled the growth of multi-brand retailing companies between 2005 and 2007. With the onset of the global economic slowdown ...
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21.Impact of Budget 2010 on Real Estate Sector in India (www.vccircle.com)
With the recession fading out gradually and fund raising showing gradual and steady increase once again, the Indian real estate sector was clearly looking at 2010 as a year to build on its 2008 run. While concerns over liquidity and demand constraints ...
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22.Aavishkaar Goodwell Hits Road To Raise $100M Fund (www.vccircle.com)
Aavishkaar Goodwell is hitting the road with its new fund which is seeking $100 million in commitments. The second fund from Aavishkaar Goodwell, a joint venture between India's Aavishkaar and Dutch firm Goodwell, is much bigger in size compared to its...
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23.US Fashion House Kenneth Cole In Talks For Indian Partners (www.vccircle.com)
Global fashion houses are back to chasing the India story while recouping from battered consumer sentiments in the developed world.
NYSE-listed Kenneth Cole Productions Inc (KCP), an American designer firm in the apparel, footwear and accessories segme... -
24.News Roundup: ICICI Ventures, Adani Among 11 IPL Bidders (www.vccircle.com)
ICICI Ventures, Adani Among 11 IPL Bidders - Eleven new contenders have made a bid for two new franchisees for Indian Premier League 2011 which includes corporate houses like Videocon Industries, Jaiprakash Associates, Sahara Group and Adani Enterprise...
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25.Sicagen To Sell Stake In Security Services Arm (www.vccircle.com)
AC Muthiah-led MAC Group-owned trading and services firm Sicagen India Ltd has entered into an agreement with an unnamed buyer to sell stake in its security services subsidiary SDB Cisco (India) Ltd. The deal value and other terms of the transaction al...
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