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Top Stories of week no 33, 2009 |
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Salon chain Naturals eyes PE funding |
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Friday, 4 September |
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Promoted by Mr. CK Kumaravel, Salon chain Naturals' is planning to raise US$ 20 million through the private equity route. The funds are expected to be raised in two tranches of US$ 10 million each, for 25-30% stake in the company. It is in conversation with few private equity players such as Aditya Birla Private Equity, Peepul Capital and TVS Capital for a possible stake in the salon chain. The salon chain plans to ramp up presence to 100 outlets across south by the end of this fiscal. |
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| Bangalore-based healthcare firm to raise US$ 10 million via PE route |
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Wednesday, 2 September |
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Bangalore-based cancer care provider, Healthcare Global Enterprises is planning to raise US$ 10 million from India-focused private equity fund, Milestone Capital. This development comes in wake of Healthcare Global's plans to expand its presence in Kolkata and Bangladesh. The company is expected to add 12 more centres over a period of 18 months. Earlier, Healthcare Global had raised around US$ 30 million through three rounds of funding from IDFC Private Equity, Premji Invest and Evolvence India Life Sciences Fund. |
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| VC firm expects to re-file for IPO soon |
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Wednesday, 2 September |
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Kishore Biyani-promoted venture capital arm, Future Ventures is soon expected to approach Sebi again for an initial public offering (IPO). |
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| Cable firms to raise US$ 204 million for expansion |
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Tuesday, 1 September |
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Hathway, InCable, Digicable, DEN and other cable distribution companies are planning to raise around US$ 204-245 million, through initial public offers, private placement and from various private equity funds, over the next four to six months. The funds thus raised are expected to provide digital cable services to the existing analogue cable homes. Additional funds are anticipated to be used to convert the existing analogue cable head-ends in to digital. |
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| Religare to launch US$ 123 million PE fund |
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Tuesday, 1 September |
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Religare Enterprises, the financial services firm is planning to launch its US$ 123 million private equity fund, in a joint venture with Milestone Capital by April 2010. Further, the company is also to consider exercising the green-shoe option for raising another US$ 41 million for the fund -- India Build Out Fund I. Currently, the firm is in advanced discussions to commit US$ 26 million for two hospitals and an MBA preparatory school. |
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| Battery stalls plans for India office; Sherman, Patel to quit |
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Monday, 31 August |
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Boston-based venture capital firm, Battery Ventures, has decided to put on hold its plans of setting up an India office. Mr. Mark Sherman, a general partner who was heading the India investments, will not be the part of Battery's upcoming Fund IX. Gautam Patel, Managing Director based out of Mumbai, has also decided to quit the firm. |
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Leading stories from the Latest IREF Journal |
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