• Like
  • Save
Deal Communique - May 01
Upcoming SlideShare
Loading in...5

Deal Communique - May 01



Weekly Insight of Private Equity, Venture Capital, Merger & Acquisition

Weekly Insight of Private Equity, Venture Capital, Merger & Acquisition



Total Views
Views on SlideShare
Embed Views



0 Embeds 0

No embeds


Upload Details

Uploaded via as Adobe PDF

Usage Rights

© All Rights Reserved

Report content

Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

  • Full Name Full Name Comment goes here.
    Are you sure you want to
    Your message goes here
Post Comment
Edit your comment

    Deal Communique - May 01 Deal Communique - May 01 Presentation Transcript

    • PE l VC l M&AApril 28 – May 04 2013Weekly Insight of Private Equity,Venture Capital, Merger & Acquisition
    • ©2013 INDEL Advisors LLP. All right reservedDeal Round upPrivate EquityS.No. AnnouncementDate Industry Company Investor Deal Value (US$)1 2-May-13 Banking & Finance Tata Capital PE Fund FII from North America, Asia & Middle East 600 mn2 2-May-13 Telecom Bharti Airtel undiscliosed 1208.2Mn3 2-May-13 Health care Medanta - The Medicity undiscliosed 150 Mn4 2-May-13 Cleantech NSL Renewable Power The Asian Development Bank 30 Mn6 30-Apr-13 Banking & Finance Formation 8 Spice Global undisclosed7 29-Apr-13 Cleantech NSL Renewable Power Pvt. Ltd DEG, Proparco and others 60 MnVenture CapitalS.No. AnnouncementDate Industry Company Investor Deal Value (US$)1 3-May-13 Technology Bluegape Aniket Khera, Rahul Bhatia undisclosed5 2-May-13 Retail Voylla.com Snow Leopard Technology Ventures 0.5Mn8 29-Apr-13 Technology Homeshikari.com undiscliosed undisclosedMerger & AcquisitionS.No. AnnouncementDate Industry Company Investor Deal Value (US$)1 3-May-13 Healthcare Smith & Nephew Plc Adler Mediequip Private Limited & Sushrut Surgicals Private Limited undisclosed2 30-Apr-13 Technology Nucleus Software undiscliosed undisclosed3 30-Apr-13 Real Estate Sahara Group BPL 27.7 Mn4 29-Apr-13 Transport & Logistics DTDC Courier & Cargo Ltd Nikkos Logistics Pvt. Ltd undisclosed
    • Tata Capital raises funds from ForeignInvestorsBharti Airtel plans to raise 6500 cr.Avenue Capital may exit Medanta-The MedicityNSL Renewable Power raises US$ 30Mn. fromThe Asian Development BankSpice Global invests in Formation 8DEG, Proparco and others invest in NSLRenewable Power
    • ©2013 INDEL Advisors LLP. All right reservedDeal ConciseTata Capital raises funds from Foreign InvestorsTata Capital has closed its private equity fund, TataOpportunities Fund, after raising from marquee globalinvestors around US$600 million, making it one of thelargest debut private equity funds targeted at India.The fund involves Limited Partners that are globalinstitutional investors from North America, Asia and WestAsia, and span sovereign investors, financial institutions,global corporate and high net-worth families.The fund is sector and stage agnostic and provides long-term investors the ability to participate in Indian privateequity investment opportunities.Announcement Date | 2 May 2013Industry | Banking & Finance
    • ©2013 INDEL Advisors LLP. All right reservedDeal ConciseBharti Airtel plans to raise 6500 crBharti Airtel is planning to raising up to R 6,500crore by issuing 20 crore fresh shares toinvestors abroad. The funds would be used topart-retire its Rs 65,000-crore consolidated debtand finance capital expenditure (may be usedfor renewal of licenses in India expiring in 2014and to reduce its African debt)The promoters currently own 68.5 % stake inthe company. With the issue of fresh equity, thepromoter stake would come down marginally.Bharti is in talks with Standard Chartered Bankand Citibank, among others, to manage theissue.Bharti, which recently went to the market toraise funds via dollar bonds, has raised about$1.5 bn since early this year. The money wasraised by its offshore arm, based in TheNetherlands. Its second $500-million bond issuein March had attracted $2-billion bids fromabout 140 global investors.The company will also have to sell shares in itstower arm, Bharti Infratel before June to meetthe SEBI public-shareholding norm.Announcement Date | 2 May 2013Industry | Telecom
    • ©2013 INDEL Advisors LLP. All right reservedDeal ConciseAvenue Capital may exit Medanta-The MedicityNaresh Trehan lead Medanta - The Medicity islooking into options to provide an exit to AvenueCapital Group LLC. which holds 27.96% stake inthe company. Medanta - The Medicity is ownedby Global Healthcare, in which Trehan owns54.84% holding and construction firm Punj LloydLtd owns a 17.2% stake.There would be two local and one globalinvestment bank on this deal which is peggedaround $150 Mn, including returns worth nearly$100 Mn for Avenue Capital.Medanta is a multi-super specialty hospitallocated in Gurgaon . It is spread across 43 acresand includes a research centre, medical andnursing school. It has 1,250 beds and over 350critical-care beds with 45 operation theatrescatering to more than 20 specialties.New York based Avenue Capital is a globalinvestment firm focusing on distressedsecurities and private equity with regionalteams focusing on opportunities in the UnitedStates, Europe and Asia.Announcement Date | 2 May 2013Industry | Healthcare
    • ©2013 INDEL Advisors LLP. All right reservedDeal ConciseNSL Renewable Power raises US$ 30Mn. fromThe Asian Development Bank (ADB)ADB will invest US$30 Mn. in NSL RenewablePower Private Limited to implement the 100-MwTidong run-of-river hydro power project inHimachal Pradesh and the 75 Mw Chilarwadiwind project in Maharashtra. This is ADB’s firstequity investment in a private sector renewablepower generation company in India and the firstprivate assistance to India’s hydro power sectoralso.Recently, the company raised $60 Mn from DEG,Entwicklungsgesellschaft from Germany,Proparco from France, Asia Clean Energy Ltd., aSouth Korean PE fund, GS Power Co. Ltd,. alsofrom South Korea, IFC and FE Clean Energy. NSLRenewable Power currently has 185 MW ofinstalled capacity, which include 148 MW of windpower, 20 MW of solar power, 12 MW ofbiomass power and 5 MW of hydel power, withan additional 336 megawatts of renewablepower under construction or in advanceddevelopment.ADB, based in Manila, is dedicated to reducingpoverty in Asia and the Pacific through inclusiveeconomic growth, environmentally sustainablegrowth and regional integration.Announcement Date | 2 May 2013Industry | Cleantech
    • ©2013 INDEL Advisors LLP. All right reservedDeal ConciseSpice Global invests in Formation 8Spice Global has made an undisclosed amount ofinvestment in Formation 8, a Silicon Valley basedVC fund. The investment will help Spice Globalidentify early stage companies for investments.Formation8 will offer Spice Global the marketknowledge, deployment expertise, saleschannels, and relationships needed to expandinto and thrive in the Si2i region.Formation 8 is a VC firm that provides financialand strategic capital to early growth smartenterprise and energy technology companies inUnited States, China, Korea and Singapore.Spice Global is $2 Bn conglomerate withpresence in various verticals including mobility,finance and entertainment. It includesbusinesses like Si2i Mobility (holding co. of Si2iLimited and S-Mobility Limited), Spice Studios,Wall Street Finance Limited and Paper Plus.Spice Global has been on an investment spree. Itmade an investment of R 400 crore in a newhealthcare foray to launch multi-speciality SaketCity Hospital in the capitalAnnouncement Date | 30 April 2013Industry | Banking & Finance
    • ©2013 INDEL Advisors LLP. All right reservedDeal ConciseDEG, Proparco and others invest in NSLRenewable PowerNSL Renewable Power Pvt. Ltd. has raised $60Mn from a group of investors which includedevelopment finance institutions, DEG –Deutsche Investitions- undEntwicklungsgesellschaft from Germanyand Proparco from France, Asia Clean Energy Ltd.,a South Korean PE fund and GS Power Co. Ltd,.also from South Korea. Existing investors, IFC andFE Clean Energy also participated in this round.IFC was also involved in providing a loan of $19Mn to its subsidiary, NSL Wind Power CompanySatara to part finance a project. FE Clean EnergyGroup had invested $40 Mn in the NSLRenewable in 2011.NSL Renewable Power intends to set up a windpower project of 75 MW in Chilarwadi village ofMan Tehsil, Satara District of Maharashtrathrough a subsidiary NSL Wind Power.The company is part of the NSL Group,which has under it other notable companieslike Nuziveedu Seeds Pvt. Ltd. and RegenPowertech Pvt. LtdThe Project will be implemented in twophases with 25.5 Mw to be implemented inthe first phase. Construction period for eachphase is expected to be 6 months.Announcement Date | 29 April 2013Industry | Cleantech
    • Bluegape Recieves Seed FundingSnow Leopard Technology Venturesinvests in Voylla.comHomeshikari.com to raise funds forexpansion
    • ©2013 INDEL Advisors LLP. All right reservedDeal ConciseBluegape recieves Seed FundingNew Delhi based Bluegape, an online fanmerchandising store has raised a seed roundfrom Aniket Khera, Rahul Bhatia and one moreinternet entrepreneur.The funding will be used to sign up with morebrands for their fan merchandising rights and alsoimproving on logistics & warehousing.Bluegape company was started in August 2011 bySahil Baghla and Ayush Varshney. Bluegape is aplatform for people to find and make customizedT-Shirts, Mugs, Laptop Skins, Cushion Covers andmany more. TLabs, the startup acceleratorlaunched by Times Internet Group had invested asum of R10 Lacs as seed funding to scale up theirbusiness.That money was used to launch morecustomized products like T-Shirts, Mugs,Laptop Skins, Cushion Covers and more. Theteam of Bluegape aspires to cross a figure of5000 orders a day in online sales while inoffline retail stores, the company is hopingto have independent 1000+ stores by theend of 2013.Announcement Date | 3 May 2013Industry | Technology
    • ©2013 INDEL Advisors LLP. All right reservedDeal ConciseSnow Leopard Technology Ventures invests inVoylla.comSnow Leopard Technology Ventures has investedR2.5 Cr in online designer jewellery andaccessories portal – Voylla.com.As a part of deal, Chris Kolenaty - Partner, SnowLeopard Technology Ventures, will join on Boardof Directors of Voylla. The funds raised will beused for operations expansion and marketingspend. In 2012, Voylla raised angel investmentfrom individual investor.Founded by Vishwas Shringi and Raj Uparkar,Voylla Retail is an online retailer that offersexclusive designer apparel, jewellery, andaccessories with affordable pricing by partneringwith esteemed designers.It sells semi-precious, precious metal, and gemstone jewellery and accessories for women.Snow Leopard Technology Ventures is aventure fund focused on being the partner toexceptional management teams. Snow Leopardprovides early stage capital to build marketleading internet and technology companies inIndia and found synergies with Voylla.Announcement Date | 2 May 2013Industry | Retails
    • ©2013 INDEL Advisors LLP. All right reservedDeal ConciseHomeshikari.com to raise funds for expansionTTK Groups real estate ecommerce portal –Homeshikari.com is planning to raise funds inorder to expand into major cities.HomeShikari is an interactive platform to helppeople searching for homes to buy or rent, makeinformed choices based on their specific needsand preferences and also help home-ownersshowcase their residential properties to the righttarget audience.The company has 60-70 thousand unique visitorsa month and get about 150- 200 individuallistings from consumers every month; while thereare close to 300 builders also list on the site.HomeShikari is a division of TTK ServicesPrivate Limited, a member of the TTK Group ofcompanies.Established in the year 2000, TTK services ithas already two successfully runningbusinesses, YourManInIndia.com andGetFriday.Announcement Date | 29 April 2013Industry | Technology
    • Smith & Nephew to buy AdlerMediequip & Sushrut SurgicalsNucleus Software plans AcquisitionsSahara buys BPL-Defaulted Landpiece in South IndiaDTDC entered into JV with NikkosLogistics
    • ©2013 INDEL Advisors LLP. All right reservedDeal ConciseSmith & Nephew to buy Adler Mediequip &Sushrut SurgicalsSmith & Nephew Plc, the London listed firm will acquireAdler Mediequip Private Limited and with it, the brandsand assets of Sushrut Surgicals Private Limited, producerof orthopaedic trauma products.Sushrut Surgicals Pvt. Ltd was formed in 1973 and AdlerMediequip, was set up in 1993 with the objective ofbuilding on Sushrut’s experience in orthopaedic devicebusiness and bringing world-class orthopaedic medicaldevices to India. At present, Adler Mediequip is theexclusive manufacturing arm for the groups operations,with Sushrut Surgicals being the marketing arm. Itscurrent portfolio of devices can be divided into threebroad clinical areas viz. ‘traumatology’, ‘spinal surgery’and ‘reconstructive orthopaedic surgery’.Adler’s 116 employees and Sushrut’s 50 employees(which include sales force that directly supports theAdler business) will also transfer as part of thearrangement.Smith & Nephew is engaged in global medicaltechnology business with leadership positions inOrthopaedic Reconstruction, Advanced WoundManagement, Sports Medicine and Trauma withpresence in more than 90 countries.The acquisition of trauma business is a part Smith &Nephew’s expansion of its woundcare andminimally invasive surgery offerings into emergingmarkets and will give a well-established platform toprovide and develop products for the mid-tiermarket in India and for export as well as entry pointto Indias trauma segment.Announcement Date | 3 May 2013Industry | Healthcare
    • ©2013 INDEL Advisors LLP. All right reservedDeal ConciseNucleus Software plans acquisitionsNucleus Software Exports is planning for twoacquisitions over the next one year in order tostrengthen its offering for the banking andfinancial services.The company is looking at acquiring companieswith intellectual property in the financial servicesarea, which will enable Nucleus to deal with loanorigination and loan servicing applications andalso looking at acquiring players that havecapabilities in the mobile banking space, BLstated.Nucleus Software provides software solutions forbanks and financial institutions globally, speciallyin the retail lending and cash managementdivisions.It offers services to various banking andfinancial companies in 50 countries includingthe US, Europe, Asia Pacific and Africa with itsflagship product called FinnOneCurrently, it has 1500 employees and furtherplans to hire 250 people this financial year.The firm expanded its global foot print andentered into new major financial hubs ofSouth Africa and Switzerland.Announcement Date | 30 April 2013Industry | Technology
    • ©2013 INDEL Advisors LLP. All right reservedDeal ConciseSahara Buys BPL-Defaulted land piece in SouthIndiaThe Sahara Group has acquired a 25-acre plot inBangalore (in the Whitefield region) previouslyowned by electronic goods maker BPL forR149 Cr.The land was bought from Asset ReconstructionCompany of India (Arcil), which had got it underthe SARFAESI Act from BPL lenders (banks andFIs), post default by BPL some years back.The Act allows banks and FIs to auctionproperties when borrowers default and in turnreduce their NPAs.Bidding terms mandate the buyer to only makecommercial use of the land and Sahara isplanning a mixed-use commercial buildingcomprising of a hotel and an office tower on theland piece.BS Appliances and BS Refrigerators, both BPLgroup companies, owned the land.Announcement Date | 30 April 2013Industry | Real Estate
    • ©2013 INDEL Advisors LLP. All right reservedDeal ConciseDTDC entered into JV with Nikkos LogisticsCourier and cargo company, DTDC has acquired majoritystake in Nikkos Logistics Pvt. Ltd., based in South India.DTDC Courier & Cargo Ltd. will own 70% and Nikkos willhave the balance 30% in the new JV entityIn January this year, French government owned postalservices company – GeoPost was planning to acquire40% stake in DTDC Courier & Cargo, giving an exit routeto Reliance Capital, which had invested R70 Cr in thecompany in 2006.DTDC had last year made acquisitions in EurostarExpress in Dubai, Fast World Express of Australia andKuwait Bayarek General Trading & Contracting Co. W.I.I.in Kuwait.Also a previous attempt to acquire 70% stake in Nikkosin 2011 was made by then Subhkam Ventures and EnamSecurities-backed Aqua Logistics.Nikkos Logistics is based Bangalore and was set up in2011. It is involved in the business of completelogistics services by land, sea, air or by any othermeans, supply chain management service providers.Currently it caters to the diverse industry-wide clientcategories ranging from pharma, construction,aviation, food, agriculture and others.DTDC has a delivery network covering close to 10,000Pincodes and international network spans over 240global destinations supported by its own offices inUS, UK, Dubai, Singapore, Canada, Bangladesh,Hongkong, Srilanka, Nepal and Turkey.Announcement Date | 29 April 2013Industry | Transport & Logistics
    • This document captures the list of deals announced based on information available in the public domain and public announcements and istherefore intended for general guidance only. It is not intended to be a substitute for detailed research or the exercise of professionaljudgment. Neither INDEL Advisors LLP nor any other member of the INDEL global can accept any responsibility for loss occasioned to anyperson acting or refraining from action as a result of any material in this report. On any specific matter reference should be made to theappropriate advisor.For more details on this please contact:Shagun MadanE: shagun@indelglobal.comLog on to: www.indelglobal.comINDEL Advisors LLPTAX|LEGAL|TRANSACTION ADVISORYINDEL Advisors LLP is a global business advisory and consulting firm led by experienced banking andoperating professionals dedicated to serve middle-market companies. With the unique depth of thoughtcombined with the global expertise of leading professionals, INDEL is committed to protect and enhancethe enterprise value of its clients. Founded in 2009, the firm is headquartered in New Delhi and has officeslocated in major financial centers.