29 July 2008

VC,PE updates

Guggenheim Partners Aquires Thomas Weisel’s Fund of Funds In India
KKR To List In NYSE Later This Year; May Be Valued At $15 to $19 Billion
“Early Stage Focus Will Remain, But More Money At Our Disposal”

Erasmic Merges With Accel Partners; To Raise $60 Million Fund Later This Year
SUN-Apollo Ventures Invests $75 Million In Amrapali Group
Federal Bank Buys 5% In Catholic Syrian Bank; Eyes Full Stake: Report

Ajay Relan Exits Citi Venture, PR Srinivasan Takes Over As India Head
Citi Venture, ICICI Venture Take Hair Cut In Perlecan Pharma
CDC Group Commits $185 Million To Six PE Funds In India

India Focussed Hedge Fund Down 22% in 2008, Hedge Fund Industry Suffers Huge Losses Donald Trump Jr Plans $1 Billion India Property Fund
ICICI Venture Opens Investment Office In Delhi; Posts 2 Senior Directors

Canbank, LIC Housing Fin Plan Rs 500 Cr Venture Capital Funds Each
JM Financial Mutual Fund Sells 12% To Hedge Funds For $26M
BCCL Picks Up Stake In Shopping Comparison Portal Naaptol.com

Edelweiss Distressed Fund To Raise Upto $400 Million
Diageo In Talks With Cobra Beer To Acquire 30% Stake: Report
Phoenix Mills To Shed 30% In Its Hopsitality Arm To PE Funds For $250M

ADAG Group Raises $1bn From Chinese Banks For Sasan; Forms JV With Shanghai Electric
Mayfield, SVB Put In $11M In Geodesic Techniques
iYogi Nets $9.5M Series B From SAP Ventures, Canaan & SVB

Educomp Acquires 76% In College Finishing School For $2.75 Million
Intel Capital Invests $17M In Yatra.com, BuzzInTown And An OOH Firm
Bahrain-Based TAIB Bank Picks Up 26% Stake In Anant Raj Projects For $50M

Gopinath In Talks To Acquire Chennai-Based Crescent Air Cargo
A Quick VC Take On Proto Startups
Yatra Capital Invests $7 Million In Kolkata Hotel Property To Be Managed By Taj
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PE fund picks 40% in Amrapali SPV
Accel Partners and Erasmic Venture Fund Team Up, Launch Accel India Venture Fund
Bear market turns PE attractive, 150 deals likely in Q3

Federal Bank picks up 5% in Catholic Syrian Bank
Times of India group eyes UK's Trinity Mirror
JM to sell stake to Valiant Capital , Blue Ridge and Eton Park

BCCL picks up stake in Naaptol Online
Educomp to buy 76 pc stake in A-Plus Education
Milestone to launch Rs 600 cr PE fund

Dawnay Day to sell 50% India stake
Edelweiss arm plans $200-m distressed asset fund
Intel Capital to invest USD 17 Mn in 3 Indian Firms

iYogi bags $9.5 mn from SAP-led VCs in second round funding
Diageo in talks to buy 30% stake in Cobra for $100 mn
Rolta to buy US firm

Source: IndiaPe, VCCircle

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