Investment Summary

Avigo Capital Partners Pvt. Exits Technology Frontiers India Pvt.

On March 11, 2014, growth capital firm FidelisWorld invested in media company Technology Frontiers India Pvt. from Avigo Capital Partners Pvt.

Investment Highlights
  • This is FidelisWorld’s 1st transaction in the Media sector.
  • This is FidelisWorld’s 1st transaction in India.

Investment Summary

Date 2014-03-11
Target Technology Frontiers India Pvt.
Sector Media
Investor(s) FidelisWorld
Sellers(s) Avigo Capital Partners Pvt.
Deal Type Secondary Buyout
Advisor(s) Lincoln International (Financial)
Amarchand & Mangaldas & Suresh A. Shroff & Co. (Legal)

Target

Technology Frontiers India Pvt.

Chennai, India
Technology Frontiers India Pvt. Ltd. is an in-stadia arena management company providing activation solutions to the sports, media, and entertainment industries. The company's offerings include highly engineered electronic video screens, sponsorship management services, and proprietary software for scoring and for increasing in-venue fan engagement. Technology Frontiers India was founded in 1996 and is based in Chennai, India.

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Investor(S) 1

DESCRIPTION

FidelisWorld is a unique investment firm with resources and networks dedicated to identifying and exploiting lucrative investment opportunities in the applied technology, media & entertainment, and lifestyle ecosystem, with a focus on rapidly growing India. FidelisWorld was established in 2010 and is headquartered in Ebene, Mauritius.


DEAL STATS #
Overall 1 of 5
Sector: Media M&A 1 of 1
Type: Secondary Buyout M&A Deals 1 of 1
Country: India M&A 1 of 5
Year: 2014 M&A 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-05-01 Smaaash

Mumbai, India

Smaaash presents an unmatched range of games that offer a superlative virtual-reality experience and combines the best of sports, music, and dining into a highly immersive, interactive, innovative, and involved entertainment experience. Smaaash was founded in 2011 and is headquartered in Mumbai, India.

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Seller(S) 1

SELLER

Avigo Capital Partners Pvt.

New Delhi, India

Category Private Equity Firm
Founded 2003
PE ASSETS 365M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Avigo Capital Partners Pvt. Ltd. is a private equity firm that targets investments in small and medium-sized companies operating in India. The Firm looks to invest $5 to $20 million in companies generating at least $15 million in revenues. Avigo will consider investing in a variety of sectors, including engineering, manufacturing, industrial services, infrastructure, education, media and healthcare services. Prospective transaction types include buyouts, acquisition financings and growth capital financings. Avigo Capital Partners Pvt Ltd. Was formed in 2003 and is based in New Delhi. As of October 2015, Avigo Capital Partners is no longer investing.


DEAL STATS #
Overall 3 of 3
Sector: Media M&A 1 of 1
Type: Secondary Buyout M&A Deals 1 of 1
Country: India M&A 3 of 3
Year: 2014 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-01-18 Maharana Infrastructure & Professional Services Private

Kanpur, India

Maharana Infrastructure and Professional Services Pvt. Ltd. provides customized infrastructure development, human resources consultancy, information technology (IT) consulting, and marketing solutions primarily for educational, health, and commercial sectors.

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