Three PE funds invest in CSB

PRIVATE EQUITY WATCH

Bidder  Target Sector Value Stake%  Type

1

GE Commerce Finance, GE Equipment ServicesTitagarh WagonsIndustrial Products and Services n.a 

15

PE/VC 2Indiaco Ventures Limited Verity Technologies Private Ltd Software n.a 25.64PE/VC 3Tano Capital Promac Engineering Industries Ltd Heavy Engg. and Capital Goods$ 8mn.aPE/VC 43 investors, led by Canaan Partners Tech Tribe Services c.$ 10m n.a PE/VC 5General Atlantic IBS Software Aviation/Transport Software Solutions$ 60mn.aPE/VC 6Carlyle Great Offshore Oil & Gas$ 40m5PE/VC 7United Phosphorous ICONA and ICONA Chemicals$ 10m100Strategic/Outbound 8Patni Computer Systems Taratec Development CorporationComputer Software$ 27.2m100Strategic/Outbound 9Godrej Properties Happy HighrisesReal Estate$ 25m100Strategic/Domestic 10Jai Balaji Sponge Limited Nilachal Iron & Power Limited Manufacturingn.a100Strategic/Domestic 11UMW Holdings Oil Country Tubular LimitedIndustrial Products and Services$ 12m14.9Strategic/Inbound 12Ranbaxy Fine Chemicals Limited Wipro BioMed Biomedical Services n.a 100Strategic/Domestic 13UBS AG Atul Choksey Financial Services $ 32.25m 25Strategic/Inbound 14Infosys TechnologiesRoyal Philips Technologies NVOutsourcing $ 28m n.a Strategic/Outbound 15TRF York Transport Equipment (ASIA)Industrial Products and Services $ 10.9m c.51Strategic/Outbound 16Thermo ElectronQualigens Fine Chemicals Chemicals $ 59.3m n.a Strategic/Outbound 17Elder Pharmaceuticals Neutra HealthPharmaceuticals $ 12m 20Strategic/Outbound 18Hat Pin PlcExecutive Access IndiaServices $ 14m 100Strategic/Inbound 19QBE Insurance Group Limited Rajan Raheja GroupInsurance $ 6m 26Strategic/Inbound Source: Public information and PricewaterhouseCoopers analyses
n.a- not available, c.- approximately  V P Iswardas, chief general manager, said it was a milestone for CSB and access to additional capital will help look forward to high growth area.