Boutique Vintners Turn to Private Equity for Help

New York Times 25 April 2013 Needing financing for his California vineyard, Ed Sbragia turned to a private equity group that invests in wine-related businesses. When Ed Sbragia started Sbragia Family Vineyards, it was an accomplishment that was nearly a century in the...
Blackstone in talks to acquire JetPrivilege

Blackstone in talks to acquire JetPrivilege

Times of India 23 April 2013 (Mumbai/Bangalore) Private equity biggie Blackstone has held preliminary talks with Jet Airways to buy a stake in the carrier’s frequent flier unit, JetPrivilege, said multiple people briefed on the matter. Senior Jet executives met...
Google Buys Wavii For North Of $30 Million

Google Buys Wavii For North Of $30 Million

Techcrunch 24 April 2013 Google has finally closed the deal on Wavii, a natural language processing startup, for a price that is more than $30 million, we’re hearing from a legitimate source. Both Apple and Google were competing for the Seattle-based startup, and...

Information security products startup Seclore raises $6M

TechCircle 24 April 2013 Mumbai-based Seclore Technology Pvt Ltd, which provides information security products to enterprises, has raised $6 million (Rs 32.5 crore) in its series A funding from Helion Venture Partners and Ventureast Proactive Fund, a top executive of...

Two MFIs to get $10 mn each from IFC

Business Standard 24 April 2013 (Chennai) The proposed fund-raising, through ECB route will help the firms expand their base International Finance Corporation has decided to, in stages, invest around $10 million (Rs 54 crore) in each of two micro finance companies,...

Bharti buys Warid Telecom Uganda, ups Africa reach

Business Standard Bharti Airtel, this country’s largest mobile telecom carrier by subscriber base, on Tuesday said it had signed an agreement to buy Warid Telecom Uganda. This is expected to help raise its customer base in that country by about 60 per cent. With the...