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Four-S Fortnightly Logistics Track - Issue 1
Four-S Services, January 2012, Pages: 9
this issue covers 16st January - 29th January, 2012
Mayfield exits, General Atlantic puts $ 104mn in Fourcee
Mayfield, the first institutional investor in Fourcee Infrastructure has completely exited. General Atlantic has agreed to invest $ 104mn in the bulk logistics services provider. This is the third round of funding for Fourcee. Mayfield invested $5mn in 2010 which has achieved 10x returns while exiting. SIDBI ventures which was a co-investor then, received 9x returns when it exited from the company last year. India Equity Partners is another existing investor in the company.
StanChart, IL&FS Infra Fund Part-exits IL&FS Transportation
Standard Chartered IL&FS Asia Infrastructure Growth Fund has partially exited from IL&FS Transportation Networks. It sold 1.25% stake in IL&FS Transportation Networks Ltd for a little over 400mn. The sale has been done at 1.25x. The infrastructure fund still holds over 3% in the company. IL&FS Transportation Networks is also backed by investors like Bessemer Venture Partners and Goldman Sachs. Standard Chartered IL&FS Asia Infrastructure Growth Fund acquired the stake in March 2008 at 133 per share while the stake sale has been done at 166 a unit. The stake was acquired in the market by IL&FS Financial Services.
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