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  5. Ascent Capital Invests In Shree Renuka Sugars

Investment Summary

Ascent Capital Invests In Shree Renuka Sugars

On December 31, 2006, private equity firm Ascent Capital invested in consumer products company Shree Renuka Sugars

Investment Highlights
  • This is Ascent Capital’s 1st transaction in the Consumer Products sector.
  • This is Ascent Capital’s 8th transaction in India.

Investment Summary
Date 2006-12-31
Target Shree Renuka Sugars
Sector Consumer Products
Investor(s) Ascent Capital
Deal Type Venture

Target

Shree Renuka Sugars

Mumbai, India
Shree Renuka Sugars Limited (SRS) is an integrated manufacturing company with a strategic focus on sugar, bio-fuels and its allied products of renewable energy. SRS is the largest sugar and ethanol producer in coastal India, with main operations in Karnataka and Maharashtra. SRS is currently the leader in fuel ethanol in India and is making a strong strategic move to consolidate its leadership position in the bio-fuels space.

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Investor(S) 1

Investor

Ascent Capital

Bangalore, India

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2008
PE ASSETS 392M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Ascent Capital is a private equity firm focused on growth capital investments in promising Indian companies driven by 'visionary leadership'. In addition to providing growth financing, Ascent also helps young companies attract senior management talent and maintain high standards of corporate governance in preparation for an exit. Ascent invests in the range of $10 - $30 million per transaction. Ascent prefers investing in sectors that leverage India's outsourcing strengths, benefit form the country's infrastructure boom, and address a growing consumer market. Ascent Capital was formed in 2000 and is based in Bangalore.

DEAL STATS #
Overall 8 of 33
Sector: Consumer Products M&A 1 of 1
Type: Venture M&A Deals 4 of 16
Country: India M&A 8 of 33
Year: 2006 M&A 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-11-02 Laqshya Media

Hyderabad, India

Laqshya Media is one of India's outdoor media company. With a unique mix of outdoor media agency and ownership business, the company's research-based usage of outdoor media has added remarkable value to client campaigns. Laqshya has significant international presence through Right Angle Media and Vertigo Lanka, its fully owned subsidiaries. Laqshya Media is based in Hyderabad, India.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-01-01 Naturol Bio Energy

Hyderabad, India

Naturol Bio Energy Limited makes renewable energy a viable alternative in India, Naturol Bioenergy has established India's first integrated manufacturing facility for the production of bio-diesel and allied products in Kakinada, Andhra Pradesh. With a strong technology edge and a planned nationwide network, the company is slated to become a market leader for bio-diesel in India.

Buy Rs140M
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