News

Ascent Capital-backed Skanray acquires healthcare business of Pricol
Published on BangaloreFirst on 09-Dec-2013.
Mysore-based medical device company Skanray Technologies Pvt Ltd has acquired healthcare business of Coimbatore-based auto component maker Pricol Ltd for an undisclosed amount. Read More
Mysore-based medical device company Skanray Technologies Pvt Ltd has acquired healthcare business of Coimbatore-based auto component maker Pricol Ltd for an undisclosed amount. Read More
A basket for one and all
Published on Business Standard on 11-Nov-2013.
Noted consumer activist Jehangir Gai has been shopping at BigBasket.com since the firm started its services in Mumbai. "The site provides the comfort of purchasing household items from home, helping avoid travel, running around for purchases, waiting at billing counters and carrying the load home," he says. Read More
Hyderabad-based education service company People Combine, which runs various schools including International Baccalaureate (IB) school Oakridge International School, is looking to raise up to $25 million in its second round of funding from PE investors, a senior executive of the company told VCCircle. Read More
Ascent Capital investing $14.7M in Skanray Technologies
Published on VCCIRCLE on 03-Sep-2013.
Private equity firm Ascent Capital is investing up to Rs 100 crore ($14.75 million) in Mysore-based medical device company Skanray Technologies in various tranches, sources privy to the development told VCCircle. Read More
India-focused private equity firm Ascent Capital is investing up to INR1 billion (approximately US$15 million) in medical equipment manufacturer Skanray Technologies. The transaction will take place in various tranches. Skanray aims to reach sales of INR3 billion (approximately US$45 million) by 2015 and is planning to set up units in Brazil and West Asia. Read More
Ascent Capital to buy 1.5% in ratings agency CARE for $3.7M
Published on VC Circle on 29-Aug-2013.
Ascent Capital is picking around 1.5 per cent stake in the domestic ratings agency Credit Analysis and Research Ltd (CARE) through a preferential allotment worth Rs 25 crore ($3.7 million), the company disclosed to the stock exchanges on Thursday. Ascent India Fund III, managed by Ascent Capital Advisors India Private Ltd, is buying close to 4.5 lakh equity shares at Rs 560.15 each, subject to shareholders’ approval. Read More
Ascent Capital To Invest In CARE Ratings
Published on Deal Curry on 29-Aug-2013.
@Ascent_Capital Advisors is investing R25 Cr in CARE Rating through preferential allotment, BSE filing stated. CARE Ratings will issue an aggregate of 4.46 lakh equity shares at R560.15 per share aggregating to R25 Cr to @AscentFund_III managed by Ascent Capital Advisors India. The company is undertaking the issue in order to comply with the minimum capitalisation norms of $0.5 Mn applicable to non-fund based non banking finance companies as required by the RBI in connection with the initial public offer of the company undertaken in December 2012. Read More
Skanray Tech set to raise Rs 70 crore
Published on Business Standard on 01-Aug-2013.
Mysore-based Skanray Technologies, a medical devices company, is set to raise Rs 70 crore, its first growth capital infusion, sources said. The company, which recently acquired L&T’s medical equipment business that was much higher than its own revenues, indicated it would deploy the fresh resources to acquire key targets in Europe and to set up a design lab there.  Read More
Skanray Tech Plans To Raise Funds For Overseas Acquisition
Published on DealCurry on 01-Aug-2013.
After recently acquiring L&T’s medical equipment business, Mysore-based Skanray Tech is planning to raise R70 Cr in its first growth capital funding, BS states. The company would use the fresh capital to obtain key targets in European companies. The company also plans to set up a design lab in Europe. Read More