Tano Capital LLC said Tuesday it made a $7.4 million investment into Anil Printers Ltd. on behalf of Tano India Private Equity Fund I.
San Mateo-based Tano said India-based Anil is a printing company that manufactures prepaid scratch cards, pin mailers, airline tickets, cargo bills, and carbon-less stationery for the telecommunications, banking, courier, and logistics industries.
With this investment, APL plans to manufacture smart cards and RFID labels in technical collaboration with Mühlbauer High Tech International of Germany.
Tano is an alternative asset management firm founded in 2003 by Charles E. Johnson — former co-president of Franklin Templeton Investments and CEO of Templeton Worldwide — to make private equity investments into rapidly growing private companies in India and China.
Source: Biz Journals