December 27, 2014 8:09 PM ET

Capital Markets

Company Overview of ICICI Venture

Company Overview

ICICI Venture is a private equity, venture capital, and real estate investment arm of ICICI Bank Ltd. It specializes in private equity, venture capital, infrastructure, special situations, and mezzanine investments. In private equity, the firm invests in buyouts and growth capital transactions. The firm prefers to invest in special situations; distressed situations; and small and medium enterprises. The firm provides late stage, incubation, seed/startup, early venture, mid venture, late venture, and emerging growth investments. It may also invest in PIPEs and secondary transactions. The firm provides mezzanine financing for buyout opportunities by financial sponsors as well as leveraged acqu...

ICICI Venture House Ground Floor

Appasaheb Marathe Marg Prabhadevi

Mumbai,  400025

India

Founded in 1989

Phone:

91 22 6655 5050

Fax:

91 22 6655 5055

Key Executives for ICICI Venture

Chief Executive Officer
Age: 45
Co-President
Age: 51
Director of Investments and Co-Head of Real Estate
Age: 40
Chief Financial Officer and Senior Director
Compensation as of Fiscal Year 2014.

ICICI Venture Key Developments

TOPSGRUP Is Looking To Raise Funds

Tops Security Limited (TOPSGRUP) is looking to raise INR 1.5 billion-INR 2 billion from private equity investors. A deal, which will also provide exit options to existing investors, Rakesh Jhunjhunwala, ICICI Venture and Everstone Capital Management, is likely to be closed over the next six months, according to Topsgrup Vice Chairman and Chief Executive Ramesh Iyer. Tops Security's founders might also dilute a minority stake in the process.

Tata And ICICI In Talks To Acquire Jhabua From Avantha

Avantha Power & Infrastructure Limited (Avantha Power) is in discussions to sell Jhabua Power Ltd. to The Tata Power Company Limited (BSE:500400) and ICICI Venture. "Avantha Power is also in serious discussions with the consortium of Tata Power and ICICI Venture for its second half--Jhabua Power that is implementing 1,260 MW thermal capacity in two phases of 600MW and 660 MW in Madhya Pradesh," said the first person familiar with development told Economic Times (ET). "The deal with Tata Power-ICICI Venture is likely to take a couple of weeks and would also be in the range of about Rs 4,000 crore." ET first reported this on November 4, 2014. Avantha Group spokesperson didn't respond to queries, Economic Times reported. "From the entire proceeds that will accrue from divestment from Korba and Jhabua, Avantha Power will repay about Rs 1,000 crore to the PE fund against its investment of $125 million," said the second person familiar with the development.

Thapar Group Mulls Selling Avantha Power Assets To Reduce Debts

A joint venture between The Tata Power Company Limited (BSE:500400) and ICICI Venture has begun talks to buy out some power assets of Avantha Power & Infrastructure Limited as the cash strapped Thapar Group considers asset sale to reduce its debt. Two people with direct knowledge of the matter said officials from both sides have met to discuss the issue and that the deal is likely to involve the sale of operational power plants. "We had several meetings with the Thapar Group officials for the purchase of the power assets," one of the two persons quoted above said. "It's a good asset but we are yet to sign any term sheet to start due diligence as talks are in early stages," the person added.

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
November 20, 2014
ING Vysya Bank Limited
Private Placement
September 25, 2014
Suzlon Energy Limited
Merger/Acquisition
June 27, 2014
Krishna Institute of Medical Sciences Limited
 

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