@livemint: Chennai based TVS Logistics Services is seeking for a second round of funding from private equity (PE) investors. However, they are not decided on the amount and stake of the investment.

The concern is looking at raising money from equity market. Around 20 PE investors had approached the firm. Recent developments suggest that it is in talks with 4 players including Kohlberg Kravis Roberts and Temasek. TVS is expecting to raise INR 2650 mn from PE investors through both primary and secondary route. It has aims of expanding its coverage in the domestic market as also in Southeast Asia, Turkey and South Africa. It is also setting its eye on making acquisitions in new and existing markets and is planning to use the additional money on this purpose.

@ Pharmabiz.com :Baring Private Equity Partners India considers the pharmaceutical and healthcare sector in India would continue to attract private equity funds in India. Currently, pharmaceutical exports, branded generic formulation and low cost medical devices focused in the domestic or less regulated market rank top in the preferred list for PE funds.
The company has invested nearly INR 2.2 billion in Shilpa Medicare (API exports to regulated markets), Sphaera Pharma (Drug Discovery), ReaMetrix (Diagnostics) and SIRO Clinpharm (Contract Research).

Amit Chandra, Head, Investments-Healthcare and Pharma, Baring Private Equity Partners India expressed that the investment portfolio would likely to increase over INR 6.7 billion over the next few years. He expects that Pharma and healthcare are attractive from the perspective of a PE fund and will continue to see 15 per cent plus growth outlook over the next ten years and the major driving factors accounted for this growth is considered to be the sustainable competitive advantage in terms of low cost/high quality technical skills, high structural profitability in businesses and a vibrant entrepreneur community. Over the last 5 years, global and domestic PE funds invested nearly INR 134.3 billion; 90 per cent of the capital was used for expansion with 5 per cent each spent on start-ups and buy-out of existing businesses.

@Economic Times: Global private equity (PE) major Warburg Pincus is in advanced talks with India’s largest online B2B marketplace, India-MART.com to invest around INR 1.5 bn to pick up close to 10-20% stake in the company. Although nothing concrete has been declared, the company is indeed looking to raise capital to fund its sales and marketing activities and also to invest in technology.

IndiaMART was set up in 1996 to connect global buyers with suppliers and help them trade with each other on a common platform. It claims to have over 2 mn registered buyers and suppliers of which around half a mn actively display and supply products. The company earned approximately USD 25 mn in 2010-11 and is looking at doubling its revenues for 2011-12.

@India PE: Private equity (PE) fund Sabre Partners has planned to pick up a stake in Super Religare Laboratories (SRL) as a pre-IPO placement for worth INR 500 mn. The PE fund will invest through its domestic and international ‘Spring Healthcare’ fund. However the company did not disclose the stake it would be acquiring.

Last month, Avigo Capital Partners had picked up a 9.27% stake in a pre-IPO placement in SRL for an amount of around INR 1 bn.

@India PE: Wind power generation company, Caparo Energy India has mandated investment bankers to raise USD 150 mn through the private equity route and this is one of the biggest PE funding in recent times in wind energy space. The company which is a wholly-owned subsidiary of Caparo Energy, is undergoing an aggressive expansion plan. The expansion will be carried out in 2 phases which will enable them to generate 5000 MW over the next 6 years. The first phase will enable a generation capacity of 3000 MW while the second phase will add another 2000 MW. It has already tied up with Suzlon Energy to execute the first phase by acquiring up to 3,000 MW of wind power generation farms. The initial projects, totaling 100.8 MW, are to be located at sites in Rajasthan, Gujarat and Maharashtra, and scheduled for delivery by the fourth quarter this year.

Founded in 2008, the company boasts of investments from the largest funds in the world that include Henderson, Eton Park, Capital International, and Black Rock. In January, it had signed a whopping INR 57 bn deal with Suzlon Energy to generate 1,000 MW of energy in the future.