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Baer Capital Partners on Monday, said that it has successfully arranged a $150-million investment in Vatika Ltd, the flagship company of the Vatika group. This is Baer Capital's single largest transaction to date in the country. The investment was made by Beacon Vatika Holdings Ltd, a Mauritius-domiciled investment company. The largest investor in BVHL is an investment group led by Beacon India Private Equity Fund, which is sponsored by Baer Capital Partners. The other major investor in BVHL will be Goldman Sach, the media reported. BVHL will be represented on the Board of Vatika Ltd by Alok Sama, President and Founder, Baer Capital Partners, and Jean de Pourtales, Managing Director and Head of the Developing Markets Real Estate Principal Investment for Goldman Sachs. BVHL will be jointly managed by Baer Capital and Goldman Sachs. […]
GIC, the investment arm of Singapore government, and JP Morgan are together picking up 21% equity stake in Ballarpur Paper Holdings (BPH), a Dutch step-down subsidiary of paper producer Bilt, in a deal valued at $175 million (Rs 700 crore). With this, BPH, intended to be the holding arm of the entire commodity paper business of Bilt, would be valued at $825 million or around Rs 3,300 crore. Significantly, this would be higher than the current market capitalisation of Bilt, which is valued at Rs 2,640 crore. Besides commodity paper, Bilt has exposure in consumer-focussed retail products and higher value-added paper products. The PE deal for BPH is part of the corporate restructuring plan announced a few months ago where Bilt said it would hive off the commodity paper business in India into a separate wholly-owned subsidiary. This business would raise resources for retiring the debt on the books of Bilt, apart from raising funds required for the capital restructuring programme. […]
Less than 2 weeks after Yen Expo Pvt. Ltd. announced that it would be holding India's first ever Private Equity Fair, the company has received a very strong response from companies wishing to take part. 50 companies have submitted or are in the process of submitting their applications. The companies, from all over India, come from sectors as diverse as beauty and power generation to IT and logistics. Funding requirements vary from US$3 million to US$250 million. […]
Pune-based provider of enterprise resource planning (ERP) and Oracle database administrator Spider Systems Pvt Ltd has been acquired by California-based Infogain Corporation, which is in the business of CRM, ERP, integration and business intelligence solutions and services. With the acquisition of Spider, Infogain has expanded its Oracle ERP business. The amount of the deal was not disclosed by the company. […]
New Delhi Television Ltd said on Tuesday it has entered into a preliminary deal to sell 26 percent of an overseas unit to NBC Universal Inc and a subsidiary of NBCU for $150 million. The overseas unit is the parent of NDTV Imagine, NDTV Labs, NDTV Lifestyle, NDTV Emerging Markets and also the joint venture partner of NGEN Media Services, the Indian firm said in a statement. NBC, 80 percent owned by General Electric and 20 percent by Vivendi, also has the option to raise the stake to 50 percent in the third year, it said.(Reuters) […]
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