Investment Summary

Actis Capital, Vitruvian Partners and Madison India Capital Invest In Pine Labs

On April 1, 2017, private equity firms Actis Capital, Vitruvian Partners and Madison India Capital invested in financial services company Pine Labs

Investment Highlights
  • This is Actis Capital’s 13th, Vitruvian Partners’ 3rd and Madison India Capital’s 1st transaction in the Financial Services sector.
  • This is Actis Capital’s 23rd, Vitruvian Partners’ 1st and Madison India Capital’s 6th transaction in India.

Investment Summary

Date 2017-04-01
Target Pine Labs
Sector Financial Services
Investor(s) Actis Capital
Vitruvian Partners
Madison India Capital
Deal Type Growth Capital

Target

Pine Labs

Noida, India
Pine Labs offers a merchant platform that includes technology and financial solutions for merchants to help them in increasing their revenue, reducing the cost and complexity of running a business, and managing the risks involved. Pine Labs was founded in 1998 and is based in Noida, Uttar Pradesh.

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Investor(S) 3

Investor

Actis Capital

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2004
PE ASSETS 26.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Actis Capital is a private equity firm focused on investments in emerging markets. Actis segments its investment activity into three areas. These include private equity, energy, and real estate. Actis' private equity team looks for buyout and growth capital opportunities requiring at least $50 million in financing. Depending on the situation, Actis will consider both controlling and minority investment situations. Sectors of interest include financial services, consumer and retail, business services, and industrial. Actis' energy group seeks to invest in in a variety of energy and utility projects. Actis' real estate team invests equity capital in office, residential, industrial, hotel and retail projects. Actis Capital was established in 2004 and is based in London, United Kingdom.


DEAL STATS #
Overall 132 of 163
Sector: Financial Services M&A 13 of 13
Type: Growth Capital M&A Deals 52 of 54
Country: India M&A 23 of 27
Year: 2017 M&A 5 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-31 NTT DATA Payment Services

Kuala Lumpur, Malaysia

NTT DATA Payment Services is a payment solutions provider offering in-store, e-commerce, and cross-border payment services across Southeast Asia. NTT DATA Payment Services is based in Kuala Lumpur, Malaysia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-25 LMKR

Dubai, United Arab Emirates

LMKR is a provider of information management solutions to petroleum engineering services companies. LMKR was founded in 1994 and is based in Dubai, United Arab Emirates.

Sell -
Investor

Vitruvian Partners

London, United Kingdom

Category Private Equity Firm
Founded 2006
PE ASSETS 20.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Vitruvian Partners is an independent private equity firm that specializes in middle-market buyouts, growth buyouts and growth capital investments in the UK and elsewhere in Northern Europe. Vitruvian looks for companies that are 'operating in dynamic situations, where there is an opportunity to build strategic value'. The Group's target investment size is €40 to €600 million in transactions valued between €75m to €4bn. Sectors of interest include business services, consumer services, financial services, life science, healthcare services, media, technology, communications, and internet software. Vitruvian Partners was formed in 2006 and is based in London.


DEAL STATS #
Overall 31 of 69
Sector: Financial Services M&A 3 of 9
Type: Growth Capital M&A Deals 9 of 19
Country: India M&A 1 of 1
Year: 2017 M&A 3 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-21 CFC Underwriting

London, United Kingdom

CFC Underwriting is a specialist insurance provider, a pioneer in emerging risk, and a market leader in cyber, serving more than 100,000 businesses in over 90 countries. CFC Underwriting was founded in 1999 and is based in London, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-02 JacTravel

London, United Kingdom

JacTravel Ltd. is a hotel bed-bank business providing tour operators, travel agents and online retailers with access to hotel beds at more than 10,000 independent and small chain hotels. JacTravel Ltd. was established in 1975 and is based in London, UK.

Sell £200M
Investor

Madison India Capital

Port Louis, Mauritius

Category Private Equity Firm
PE ASSETS 1.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Madison India Capital Partners is an Indian private investment group focused on mid-sized companies in the media, communications and business services sectors. Specific areas of interest include radio and television broadcasting, publishing, marketing services, content and distribution, information services, offshore services related to media and communications, and telecommunications. The Firm's target investment size is $5 to $20 million in transactions valued up to $100 million. Madison India Capital is based in Gurgaon.


DEAL STATS #
Overall 6 of 6
Sector: Financial Services M&A 1 of 1
Type: Growth Capital M&A Deals 2 of 2
Country: India M&A 6 of 6
Year: 2017 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-02-12 Iyogi

Gurgaon, India

Iyogi is a provider of online technical support services for a range of computing and communications devices and software to consumers and small businesses. Iyogi was founded in 2007 and is based in Gurgaon, Haryana.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-14 IEX

Noida, India

EX is an automated and online power exchange and offers products that permit trading in electricity (for physical delivery) and renewable energy certificates. Indian Energy Exchange was founded in 2007 and is based in Noida, Uttar Pradesh.

Sell -