Beruflich Dokumente
Kultur Dokumente
J U L Y
2 0 1 2
100.0 75.0 8 50.0 25.0 4.1 0.0 8th July'12 PE Investments 15th July'12 No. of Deals
16 14 66.5 12 10 8 6 5 4 2 0
Investor (s)
Target
Stake (%)
Value ($mn)
Stage
Sector
Industry
Segment
Carlyle Fidelity Growth Partners, Qualcomm Ventures, NVP, Catamaran SAIF Partners Jungle Ventures, others Evolvence India Life Sciences Fund
Infotech Enterprises
10.0
38.0
PIPE
Services
IT/ITeS
NA
18.0
Growth
Services
Retail
Internet Retail
2.8
8.8
PIPE
Manufacturing
AC Digital marketing
NA
1.7
Early
Services
NA
NA
Growth
Services
Hospitals
Research4India is the research services arm of Four-S Services Pvt Ltd. Here we provide regular research reports on key sectors of the Indian economy, and large unlisted companies in these sectors. For subscription / custom queries, please contact Seema Shukla at seema@four-s.com.
US-based private equity firm Carlyle on Wednesday bought a 9.96% stake in the Hyderabad-based IT firm Infotech Enterprises in the open market at a price of Rs 190 a share, spending a total of Rs 2.1bn ($38mn). Three institutional investors - Kotak India Fund, American Funds Insurance and Small Cap World Funds - were the key sellers of the holding acquired by Carlyle. Infotech Enterprises is a global engineering services company which provides engineering solutions, including product development and life-cycle support, process, network and content engineering to major organizations worldwide and is headquartered in Hyderabad. Other major stakeholders in the company holding more than 10% include Carrier International Mauritius and GA Global Investments. Four-S Comment: Private investment in public equity (PIPE) is emerging as a hot spot for PE investors. For PE investors, PIPEs tend to become increasingly attractive in markets where control investments are harder to execute. And India has always been one such market characterized by growth investments of smaller size for minority stakes. It is more advantageous for a PE fund in India to have a relatively liquid minority position in listed companies than in unlisted companies. Moreover, investors are finding listed companies at increasingly attractive valuations relative to unlisted firms. In addition, such investments provide greater liquidity and easier exit options, which attract investors interest, especially in a market where traditional options of exit, especially IPO market, has almost dried up. In India, PIPE investments more than doubled in 2011 to $1.5 billion in 55 deals compared to $631 million in 30 deals a year earlier (Four-S Research). Big Shoe Bazaar raises $18mn in Series C funding Online wholesale cash and carry company Big Shoe Bazaar India Pvt. Ltd, the brand owner of
Mobikon Asia Pte Ltd, a digital marketing startup located in India and Singapore, has raised $1.7mn in a Series A round led by 2
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Life Sciences-focused private equity fund EILSF (Evolvence India Life Sciences Fund) has acquired a minority stake in Chennai-based Dr. Agarwal's Healthcare, its second investment in the healthcare services segment. Dr. Agarwal's Eye Hospital is a comprehensive eye hospital, offering one stop solution for eye ailments.
Alliance Dental Care is planning to raise Rs 300mn through PE route. The funds will be utilized for expansion of the dental-care chain. The company is in talk with two domestic PE players which are interested in healthcare space. Alliance Dental Care, a subsidiary of Alliance Medicorp, is engaged in the business of running dental clinics. Alliance Medicorp is a JV between Apollo Hospital and medical technology company-Trivitron Healthcare. Currently, Apollo Hospital holds around 70% stake and Trivitron 3
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Acquiror Sutherland Global Services Tube Investments of India CHD Developers Providence Educational Academy Adcock Ingram Healthcare KPIT Parker Hannifin Corporation Solving Efeso InMobi Genpact Tamco Switchgear Source: Four-S PE Database
Target Apollo Health Street Shanthi Gears Empire Realtech Myra Mall Management Company Cosme Farma Laboratories - some assets Sankalp Semiconductor Private John Fowler (India) - filtration biz Q-Spread MMTG Labs Triumph Engineering Henikwon Corporation
Sector IT/ITeS Manufacturing Real estate Real estate Healthcare IT/ITeS Manufacturing IT/ITeS Media & Entertainment IT/ITeS Manufacturing
Market Update
Key Domestic Indices
Indian Market Movements Index BSE Sensex S&P CNX Nifty CNX Nifty Junior Nifty Mid Cap 50 CNX IT Bank Nifty CNX Infrastructure CNX Realty 6-Jul-12 17,521.12 5,316.95 10,334.65 2,190.35 6,027.25 10,655.35 2,471.05 233.05 13-Jul-12 Change (%) 17,213.70 5,227.25 10,185.95 2,147.75 5,713.90 10,594.45 2,424.95 230.90 -1.79% -1.72% -1.46% -1.98% -5.48% -0.57% -1.90% -0.93% High 19,619.65 5,740.40 11,526.10 2,515.70 6,835.25 11,451.25 3,191.60 302.20 52 Week Low 15,135.86 5,263.35 10,102.75 2,137.95 6,114.75 10,303.65 2,415.10 222.75
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About Research4India
Research4India is the research services arm of Four-S Services Pvt Ltd. Here we provide regular research reports on key sectors of the Indian economy, and large unlisted companies in these sectors. These reports will be available on our upcoming site www.research4india.com, as well as from leading international research sellers like Thomson Reuters, Bloomberg, Research and Markets, CapitalIQ etc.
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