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Komli ( www.komli.com), a leading online advertising firm in India, today announced it has received $7 million of venture financing led by Nexus India Capital, along with co-investors Draper Fisher Jurvetson and Helion Ventures. The financing will allow Komli to augment its staff and invest in several new technology initiatives planned for 2008. The three venture capital companies have previously been involved with such companies as eBay India, Hotmail, Skype, Overture, MakeMyTrip, and Junglee. The Komli Performance Network and the Komli Premium Network are two of the largest Indian ad networks helping publishers monetize their Indian inventory. PubMatic, a service by Komli, helps publishers optimize the value of their online advertising. In addition, the company recently launched two first-of-its-kind services for Indian advertisers: Search RePlay, a solution that combines search and display advertising to allow advertisers to more effectively target customers; and behavioral targeting, which has proven to increase customer traffic and lead volume for Komli users. […]
In a major boost to the private security business in the country, global private equity (PE) major DE Shaw has picked up a 14 per cent stake in Delhi-based Security and Intelligence Services (SIS) India Ltd for an undisclosed amount. However, market sources peg the deal at around Rs 450-500 crore. This is the first time a foreign hedge fund has invested in this sector in India. SIS, which was set up as an investigation firm almost 30 years ago, has grown into a security solutions provider, offering manned guarding, investigations, electronic security systems and cash in transit services to over 2,000 corporate customers across 24 states in India. It has a workforce of over 28,000 men and supervisors and 400 managers. […]
Mid-sized companies seeking capital to enter their next stage of growth now have the perfect platform, India’s first-ever Private Equity Fair (IPEF 2008), scheduled to be held at Mumbai on February 27, its organisers YEN Expo Pvt Ltd said here on Wednesday. IPEF 2008 will provide a B2B platform to companies to showcase their business and growth plans to 150 PE funds from India and abroad. A large number of cases are being reviewed by YEN and analysed by IIM-Ahmedabad. Out of these the best 25 companies will be short listed to participate in the fair. YEN and IIM-A will then work with these companies to make them “investment ready,” according to a release. Arun Chandrachud, CEO, YEN Expo, himself a senior investment banker formerly with Ernst & Young, said mid-sized companies find it difficult to attract private equity investors as they are unable to present their business plans in a format that is readily appreciated by a private-equity investor. […]
Tecpro Systems (TSL), engaged in the business of undertaking turnkey projects in bulk material handling systems including raw material handling systems for power, steel, cement plants etc. Tecpro is entering the capital market with an initial public offering (IPO) through a book built issue of 6,000,000 equity shares. The total issue will constitute 22.33% of the fully diluted post issue paid-up capital of the company. TSL has made Pre – IPO placement of 1,300,000 equity shares of Rs 10/-each. 10 lakh equity shares have been allotted to Credit Suisse Pe Asia Investments (Mauritius) Ltd. and 300,000 equity shares to Kotak Mahindra Capital Company Limited, both at the price of Rs 240 per share including premium of Rs 230 per share. The total size of this pre-IPO placement is Rs 312.00 million and shares given to investors under placement constitute approximate 5% equity shares of pre issue (post pre IPO placement) paid up share capital of the company. […]
Private equity giant Carlyle Group [CYL.UL] said on Thursday it has invested $27.7 million in Repco Home Finance Limited, a Chennai-based housing finance company focusing on Southern India. The funds will be used to improve Repco's equity base, allowing it to expand its loan portfolio, Carlyle said in a statement. The investment will come from Carlyle Asia Growth Partners III, a $680-million fund that invests in high-growth companies in India, China, Japan and Korea. Repco, a subsidiary of Repatriates Co-operative Finance & Development Bank Ltd, has been in the housing finance business since 2000. […]
Standard Chartered, Credit Suisse and Singapore's DBS Group have agreed to buy a one-third stake in an Indian outsourcing firm InterGlobe Technology Quotient for $140 million, banking sources said on Thursday. The company is part of India's unlisted travel group InterGlobe Enterprises, which also operates private IndiGo airlines. The firm has offices in 230 cities across India, according to its Web site. A source briefed on the deal told Reuters that the private equity arm of the three banks have agreed to buy the stake, which values the unlisted company at over $400 million. Officials at the Indian company were not immediately available to comment. DBS and Credit Suisse declined to comment, while Standard Chartered did not immediately comment. (Reuters) […]
Rahul Bhatia, a New Delhi-based entrepreneur who owns IndiGo airlines and InterGlobe group, is selling around 35% stake in the group’s travel reservation arm — InterGlobe Technology Quotient (ITQ). Three financial investors — Standard Chartered Private Equity (SCPE), Singapore-based DBS and Credit Suisse — will pay $140 million (Rs 560 crore) for the one-third stake. Sources close to the development said SCPE would invest around $75 million, DBS $40 million, and Credit Suisse the balance $25 million. The deal, managed by Credit Suisse, is likely to be closed in a week. Mr Bhatia, CEO of InterGlobe and chairman of IndiGo airlines, was not available for comment. A spokesperson said “SCPE and DBS have already concluded the deal, while discussions are on with other potential investors.” Headquartered in New Delhi, InterGlobe Enterprises is a diversified international corporation with business interests spanning air transport management, travel distribution and hotels. It also owns the domestic airline — IndiGo, through its aviation company — InterGlobe General Aviation. […]
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