<http://www.dealcurry.com/2010063-HSBC-PE-Invests-Rs-50-Cr-In-Avitel-Post-Studioz-Ltd.htm>
*HSBC PE* has invested Rs 50 Cr in *Avitel Post Studioz Ltd* from its *HSBC Asian Ventures Fund 3 Ltd*. As a part of the deal, James Savage - a director at HPEA, will join the board of Avitel. Avitel intends to utilize the fund to establish an export oriented unit for animation and post production services. It will also use the funds to scale up its exisiting facilites and hire around 300 professionals over the next two years. *Standard Chartered-STCI Capital Markets Ltd* was the sole financial advisor to the transaction. Transaction Note 35 year old Avitel provides post production and allied services to film and advertising industry. Earlier in 2009, it forayed into the animation industy. It now delivers end-to-end high quality animation features to domestic & foreign studios and independent investor firms. HSBC Asian Ventures Fund 3 Ltd is a $700 Mn close ended fund for investments in Asian companies. In the past, HSBC Private Equity Asia Ltd has also invested in Newgen Software Technologies Ltd and Sharekhan Ltd. -- Regards Hardik Shah -- You received this message because you are subscribed to the Google Groups ""GLOBAL SPECULATORS"" group. To post to this group, send email to [email protected]. To unsubscribe from this group, send email to [email protected]. For more options, visit this group at http://groups.google.com/group/globalspeculators?hl=en.
