Investment Summary

Gaja Capital and ICICI Venture Invests In TeamLease Services Pvt.

On April 9, 2011, private equity firm Gaja Capital and corporate investor ICICI Venture invested in staffing company TeamLease Services Pvt. Ltd. for 100M INR

Investment Highlights
  • This is Gaja Capital’s 1st and ICICI Venture’s 1st transaction in the Staffing sector.
  • This is Gaja Capital’s 1st and ICICI Venture’s 3rd largest (disclosed) transaction.
  • This is Gaja Capital’s 9th and ICICI Venture’s 14th transaction in India.

Investment Summary

Date 2011-04-09
Target TeamLease Services Pvt. Ltd.
Sector Staffing
Investor(s) Gaja Capital
ICICI Venture
Deal Type Stake Purchase
Deal Value 100M INR

Target

TeamLease Services Pvt. Ltd.

Mumbai, 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.

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Investor(S) 2

Investor

Gaja Capital

Mumbai, India

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 2004
SizeSmall
Type Sector Agnostic
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 11
Sector (Staffing) 1 of 1
Type (Stake Purchase) 4 of 4
Country (India) 9 of 11
Year (2011) 3 of 4
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-02-11 The Ratnakar Bank Ltd. (RBL Bank)

Kolhapur, India

RBL Bank is one of India's fastest growing scheduled commercial banks.It is continuously expanding its presence across India through a growing network of branches and ATMs.Established in 1943, RBL Bank undertook a transformational journey under a new management team in 2010. RBL Bank embarked on an aggressive growth plan based on a robust platform of strong governance, relationships, technology infrastructure, high quality capital and geographic expansion.

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

Noida, India

Carnation Auto India Pvt Ltd is India's largest multi-brand, independent services player, offering the entire range of automotive services from preventive maintenance services to major collision repairs. The Company has built a diversified and synergistic model, by launching sales of Pre-Owned Cars at select outlets and arranging for auto finance and insurance, thereby able to provide both car sales and servicing capabilities to customers. The Company is growing their digital platform to further drive customer acquisition and sale

Buy $17M
Investor

ICICI Venture

Mumbai, India

Investor Investor Investor Investor Investor

website


Category Corporate Investor
Founded 1988
PE ASSETS 2.0B USD
SizeLarge
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 17 of 20
Sector (Staffing) 1 of 1
Type (Stake Purchase) 4 of 4
Country (India) 14 of 17
Year (2011) 1 of 1
Size (of disclosed) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-11-24 Tebma Shipyards Ltd.

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
2012-10-22 Radiant Research, Inc.

Tempe, Arizona, United States

Radiant Research is a comprehensive clinical research and development company serving the biopharmaceutical and medical device industry. Radiant employs over 500 clinical research professionals exclusively focused on providing professional, high quality study conduct and drug development services. In the past four years, Radiant has conducted more than 8,000 clinical trials across 18 therapeutic specialties.

Sell -