The Private Equity Deals in May were at $872 mn.
Deals include QIP Issues
TGP Capital - $600 mn in Indiabulls Real Estate
IFC - 4.4% Stake in Max India - $33 mn
India Value Fune - $44mn - Innovative B2B Logistics
The first five months had 74 transactions with value of $2.19 bn vs 163 deals worth $6.12 bn
Friday, June 19, 2009
PE Actions
Q investments sells out from Telecom tower firm XCEL Telecom to American Tower Corp
They had invested approx $40 mn and exited out with $154 mn
Thursday, June 11, 2009
Merger and Acquisition
Goa's biggest family-owned mining company, the Dempo group, has sold all its mining assets to Sesa Goa Limited, a majority-owned subsidy of the London-listed Vedanta Resources, for Rs.1,750 crore (Rs.17.50 billion/$368 million) in an all-cash deal.
Addressing the media in Panaji late Thursday evening, chairman and managing director of the Dempo group, Srinivas Dempo, said that the 19 iron ore mines in Goa controlled by the V.S. Dempo mining corporation, had 70 million tonnes of iron ore reserves with a lease life of approximately 17 years, 'making it an ideal time to monetize their Goa mining assets'.
'We have only sold our Goa mining assets, but have retained our other mining interests in Sindhudurg, Maharashtra. It was a good time to sell our Goa assets and use the monies to focus on larger mining interests elsewhere, both within the country and overseas,' he said.
Srinivas Dempo, a scion of one of Goa's leading business families, which has been in the mining business for the last 50 years, said that the Dempo group would also use the new infusion of cash in other sectors such as education, media, food processing, shipbuilding, etc.
Under the present agreement, the assets which have been taken over by Sesa Goa are the Dempo group's mining rights to 19 leases in Goa and related infrastructure such as barges, jetties, transshippers and berthing facilities at the Mormugao port.
In 2008-09, the Dempo group exported 4.36 million tonnes of ore and reported revenues to the tune of Rs.976 crore.
The Dempo group currently has four long term contracts with steel mills in China, Japan and Hong Kong. The group's other interests include coke, pig iron production, real estate and construction, football, education and the media.
Addressing the media in Panaji late Thursday evening, chairman and managing director of the Dempo group, Srinivas Dempo, said that the 19 iron ore mines in Goa controlled by the V.S. Dempo mining corporation, had 70 million tonnes of iron ore reserves with a lease life of approximately 17 years, 'making it an ideal time to monetize their Goa mining assets'.
'We have only sold our Goa mining assets, but have retained our other mining interests in Sindhudurg, Maharashtra. It was a good time to sell our Goa assets and use the monies to focus on larger mining interests elsewhere, both within the country and overseas,' he said.
Srinivas Dempo, a scion of one of Goa's leading business families, which has been in the mining business for the last 50 years, said that the Dempo group would also use the new infusion of cash in other sectors such as education, media, food processing, shipbuilding, etc.
Under the present agreement, the assets which have been taken over by Sesa Goa are the Dempo group's mining rights to 19 leases in Goa and related infrastructure such as barges, jetties, transshippers and berthing facilities at the Mormugao port.
In 2008-09, the Dempo group exported 4.36 million tonnes of ore and reported revenues to the tune of Rs.976 crore.
The Dempo group currently has four long term contracts with steel mills in China, Japan and Hong Kong. The group's other interests include coke, pig iron production, real estate and construction, football, education and the media.
Monday, March 9, 2009
Quiz 21
Q1) It was founded by Burt and Irv in 1945 at Glendale, California?
Q2) It is known for "31 flavours" slogan?
Q3) How do we know Carson Roberts ad agency today?
Q4) How do we know Baskin-Robbins, Togo's and Dunkin Donuts brand combined?
Q5) How do we know Joseph A Campbell Preserve Company?
Q2) It is known for "31 flavours" slogan?
Q3) How do we know Carson Roberts ad agency today?
Q4) How do we know Baskin-Robbins, Togo's and Dunkin Donuts brand combined?
Q5) How do we know Joseph A Campbell Preserve Company?
Wednesday, February 25, 2009
Quiz 20
Q1) H.L Mencken once called it "the only American invention as perfect as the sonnet". What?
Q2) This name has been derived from the word "woda" in Slavic. Which Name?
Q3) It is produced in Ahus, Scania in southern Sweden by Lars Olsson Smith in 1879?
Q4) Peter Arsenievich __________ , founded this in Moscow in 1860s?
Q5) Name the vodka produced by Virgin Drinks, a subsidiary of Virgin group owned by Richard Brandson and launched in 1994?
Q6) Russian Vodka company, Russian Standard purchased a domain name for $3 million. Name the domain name?Tuesday, February 24, 2009
Quiz 19
Q1) What was started in 1977 by Stanford Graduate School of Business alumnus Roy Raymond?
Q2) There are 1003 of these in all with $731 of avg sales per square foot. The net sales per store is about $37 mn or $3.7bn for all the stores. The parent company is Limited Brands. Name the comapny?
Q3) This brand of lingerie brand was developed in Canada by Canadian Lady Corset company? Name it.
Q4)
Identify the patent?
Q5) This company based in Kenosha, Wisconsin is credited with inventing the first Y-Front brief in 1934. Identify this world famous brand?
Q6) Identify the logo?
Q2) There are 1003 of these in all with $731 of avg sales per square foot. The net sales per store is about $37 mn or $3.7bn for all the stores. The parent company is Limited Brands. Name the comapny?
Q3) This brand of lingerie brand was developed in Canada by Canadian Lady Corset company? Name it.
Q4)
Identify the patent?Q5) This company based in Kenosha, Wisconsin is credited with inventing the first Y-Front brief in 1934. Identify this world famous brand?
Q6) Identify the logo?
Monday, February 23, 2009
Quiz 18
Q1) According to the US Geological Survey research, this is 13.5 inches tall and weighs 8.5 pounds, it is made of tin (93%), antimony(5%) and copper(2%) and then plated with 24 Karat gold. What are we talking about?
Q2)
Connect the Picture above with PETA?
Q3) Identify this place?
Q4) Oscar made her famous. How do we know her?
Q5) The invities were served 3000 smoked salmon _________ and gold plated _________ choclates by celebrity chef Wolfgang Puck, the theme had blue curtain with 92,000 Swarovski crystals designed by David Rockwell, the gifts included GBK ' Circus of Senses' which had a suites of $35000 in gifted luxury, Watches worth $8000 to $18000, Vacation packages worth $10000, Diamond facials, a year worth of Botox, zero calorie wine called "Slender"? What are we talking of?
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