Investment Summary

ICICI Venture and Gaja Capital Invest In TeamLease

On April 9, 2011, corporate investor ICICI Venture and private equity firm Gaja Capital invested in staffing company TeamLease

Investment Highlights
  • This is ICICI Venture’s 1st and Gaja Capital’s 1st transaction in the Staffing sector.
  • This is ICICI Venture’s 15th and Gaja Capital’s 9th transaction in India.
Investment Fate
  • TeamLease went public in 2016.

Investment Summary

Date 2011-04-09
Target TeamLease
Sector Staffing
Investor(s) ICICI Venture
Gaja Capital
Deal Type Stake Purchase

Target

TeamLease

Bengaluru, India
website
TeamLease is the largest staffing company in India, with employees in over 800 cities. It is also a leading Permanent Staffing company and has tied up with employment exchanges across 10 states in India. TeamLease was founded in 2002 and is based in Bengaluru, India.

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Investor(S) 2

Investor

ICICI Venture

Mumbai, India

Investor Investor Investor Investor Investor

website


Category Corporate Investor
Founded 1988
PE ASSETS 1.6B USD
Size Large
Type Sector Agnostic
DESCRIPTION

ICICI Venture is an India-focused investment firm that targets opportunities in private equity, real estate, and mezzanine finance with funds covering each investment strategy. ICICI's private equity practice looks for buyout and growth capital opportunities across sectors such as retail, media, information technology, consumer services, consumer goods, textiles, pharmaceuticals, biotech, oil, and non-consumer goods. ICICI Venture is a subsidiary of ICICI Bank and has offices in Mumbai and Bangalore.


DEAL STATS #
Overall 18 of 24
Sector (Staffing) 1 of 1
Type (Stake Purchase) 6 of 6
Country (India) 15 of 21
Year (2011) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-11-24 Tebma Shipyards

Chennai, India

Tebma is one of the three major private sector players in the Indian shipbuilding industry. Tebma was incorporated in 1984 and commenced commercial operations in 1987. It is promoted by a team of six marine professionals aggregating over 150 man-years’ experience in the shipbuilding and repair industry. The Company was historically focused on building tugs and dredgers and has built 106 vessels till 2006 catering to the requirements of a diverse clientele including leading ports, shipping companies, Indian navy, lake authorities and dredging service providers for the public as well as the private sector.

Sell Rs76M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-08-03 Karvy Stock Broking

Hyderabad, India

Karvy Stock Broking (KSBL) is a member of the National Stock Exchange and Bombay Stock Exchange. It has over 580 offices covering over 350 cities/towns, including offices at Dubai and New York. KSBL, besides offering broking services to over 350,000 retail investors, also has a Private Client desk to cater to HNIs and Corporates and an Institutional desk to service various financial institutions both domestic and foreign. It offers trading both on the cash and derivatives segment and does an average daily turnover of approx. Rs. 1500 crores, positioning the company amongst the top brokers in the country. KSBL also has a well-qualified research team based out of Mumbai and Hyderabad. It is a key player in the Wholesale Debt Market Segment of the NSE. Karvy Stock Broking was founded in 1990 and is based in Hyderabad, India.

Sell -
Investor
DESCRIPTION

Gaja Capital Partners is an independent private equity firm focused on mid-market investment opportunities in India. Gaja looks to act as a minority investor in buy-outs, turnarounds and pre-IPO situations, with a general strategy of using investment capital to fund growth. The firms invests in the range up to $1 billion per transaction. Gaja is a generalist firm that will consider investments across many sectors inclding education, financial Services, IT, pharmaceuticals and telecommunications. Gaja Capital Partners was formed in 2004 and is located in Mumbai.


DEAL STATS #
Overall 9 of 21
Sector (Staffing) 1 of 1
Type (Stake Purchase) 4 of 4
Country (India) 9 of 20
Year (2011) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-02-11 RBL Bank

Mumbai, India

RBL Bank operates as a scheduled commercial bank. It is continuously expanding its presence across India through a growing network of branches and ATMs. RBL Bank was established in 1943 and is based in Mumbai, India.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-12-01 Carnation Auto India

Noida, India

Carnation Auto India is a provider of largest multi-brand, independent services player, offering the entire range of automotive services from preventive maintenance services to major collision repairs. Carnation Auto India was founded in 2008 and is based in Noida, India.

Buy $17M