Investment Summary

Providence Equity Partners, 2i Capital Group, ChrysCapital and TA Associates Exits VI

On January 1, 2011, invested in communications company VI from Providence Equity Partners, 2i Capital Group, ChrysCapital and TA Associates

Investment Highlights
  • This is transaction in the Communications sector.
  • This is transaction in India.

Investment Summary

Date 2011-01-01
Target VI
Sector Communications
Sellers(s) Providence Equity Partners
2i Capital Group
ChrysCapital
TA Associates
Deal Type IPO

Target

VI

Mumbai, India
VI provides pan India Voice and Data services across 2G, 3G and 4G platform. The Company is developing infrastructure to introduce newer and smarter technologies, making both retail and enterprise customers future ready with innovative offerings, conveniently accessible through an ecosystem of digital channels as well as extensive on-ground presence. VI was founded in 1995 and is based in Mumbai, India.

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Seller(S) 4

SELLER

Providence Equity Partners

Providence, Rhode Island, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1989
PE ASSETS 36.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Providence Equity Partners is a specialist private equity firm that targets investments in media, entertainment, communications, and information companies. Specifically, Providence seeks investments in wireless and wireline telephony, cable television content and distribution, music, film, publishing, radio and television broadcasting, and other media and communications sectors. Providence Equity looks to commit $150 million to $800 million of equity capital in transactions ranging from growth financings and recapitalizations, to buyouts and take-privates. Providence Equity Partners was formed in 1989 and has offices in Providence, Rhode Island; New York, New York; Los Angeles, California; London, United Kingdom; Hong Kong, China; and New Delhi, India.


DEAL STATS #
Overall 23 of 102
Sector: Communications M&A 8 of 18
Type: IPO M&A Deals 5 of 9
Country: India M&A 1 of 5
Year: 2011 M&A 1 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-01-01 Topgolf

Dallas, Texas, United States

Topgolf is a sports-entertainment company that combines golf with social gaming, food, and events. Its venues feature electronically tracked golf balls in driving-range style bays, along with food & beverage, event spaces, and high-tech “Toptracer” ball-flight tracking systems. Topgolf also runs a media business, digital games, and technology platforms. It was founded in 2000 and is headquartered in Dallas, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-01-27 TVB

Hong Kong, China

TVB is a wireless commercial television station. It provides terrestrial television broadcasting, together with programme production and other TV-related activities. TVB was founded in 1967 and is based in Hong Kong, China.

Buy -
SELLER

2i Capital Group

Bangalore, India

Category Private Equity Firm
PE ASSETS 200M USD
Size Small
Type Sector Agnostic
DESCRIPTION

2i Capital Group is an India-based private investment firm focused on growth investments in mid-sized, mid-stage unlisted companies across the industrial and service sectors. 2i looks for businesses with strong management that are looking to take advantage of the growing trend of consumerism/consumption in India. 2i prefers growth companies with strong intellectual property and the potential to gain significant market share. 2i Capital was formed in 2000 and is based in Bangalore.


DEAL STATS #
Overall 2 of 3
Sector: Communications M&A 1 of 1
Type: IPO M&A Deals 2 of 2
Country: India M&A 2 of 3
Year: 2011 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-09-14 Pipavav Shipyard

Mumbai, India

The Pipavav Shipyard is a infrastructure company in India, is located within the port limits of Pipavav Port, Gujarat. It is a modern deep-water, all-weather, direct-berthing and naturally protected sea port on the western coast of India. The shipyard spread over 175 acres of developed land has 2 wet docks measuring 680 metres in length, sub-divided into 4 docks with a diaphragm wall and can be easily converted into dry docks.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-06-11 Titagarh Rail Systems

Kolkata, India

Titagarh Rail Systems is the second largest freight wagon manufacturer in India. The Company has the capability to produce a wide range of wagons including flat bed, boxed, open type and passenger coaches. TWL also has a niche fabrication business catering to civil construction and defense sectors. Titagarh Rail Systems was founded in 1997 and is based in Kolkata, India.

Sell -
SELLER

ChrysCapital

Port Louis, Mauritius

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
PE ASSETS 5.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

ChrysCapital Management Co. is a private investment firm focused on opportunities in India. ChrysCapital looks for companies with revenues of $50 million to $1 billion and can commit up to $250 million of equity per transaction. Target sectors include business services, consumer goods and services, financial services, healthcare and pharmaceuticals. Prospective transactions include growth investments in private and listed companies, special situations, co-investments, and management buyouts/buy-ins. ChrysCapital was formed in 1999 and is based in Port Louis, Mauritius.


DEAL STATS #
Overall 15 of 32
Sector: Communications M&A 1 of 1
Type: IPO M&A Deals 1 of 4
Country: India M&A 14 of 27
Year: 2011 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-11-27 Pratibha Industries

Mumbai, India

Pratibha Industries specializes in the design, engineering, and execution/construction of complex & integrated water transmission & distribution projects, water treatment plants, elevated and underground reservoirs, mass housing projects, commercial complexes, pre-cast design & construction, road construction, and real estate. Pratibha Industries was founded in 1982 and is based in Mumbai, India.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-03-24 KPIT Technologies

Pune, India

KPIT Technologies is a provider of software development, IT consulting, and product engineering solutions. KPIT Technologies was founded in 1990 and is based in Pune, Maharshtra.

Buy -
SELLER

TA Associates

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1968
PE ASSETS 65.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

TA Associates is a private equity firm that targets investments in middle-market and large companies around the world. TA will consider control or minority investments in profitable companies and looks to commit between $70 and $500 million per transaction. TA proactively reaches out to companies directly in sourcing potential investment opportunities. Prospective businesses are generally valued between $100 million and $3 billion. Areas of interest include technology, software, communications, financial services, healthcare, business services, semiconductors/electronics, and consumer products/services. In addition to investing equity capital, TA also makes subordinated debt investments. TA's geographic preference is North America, Asia/Pacific, and Europe. TA Associates was formed in 1968 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 144 of 260
Sector: Communications M&A 11 of 15
Type: IPO M&A Deals 29 of 43
Country: India M&A 1 of 10
Year: 2011 M&A 2 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-01-01 Epic Advertising

New York City, New York, United States

Epic Advertising, Inc. is a performance-based online advertising network providing a full suite of advertising tools for both advertisers and publishers, including affiliate marketing and online lead generation services based on the cost-per-action (CPA) model.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-01-04 Evanston Capital Management

Evanston, Illinois, United States

Evanston Capital Management is an alternative investment management firm focused on providing multi-manager hedge fund programs and custom solutions for institutional and high net worth investors. Evanston Capital Management was founded in 2002 and is based in Evanston, Illinois.

Buy -