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Indlaw Communications, a 2i Capital investee company, acquired by Thomson Reuters
Thomson Reuters, one of the world's leading sources of intelligent financial, business and legal information has acquired Indlaw Communications Pvt. Ltd., a Delhi-based company that operates www.Indlaw.com India's most visited and used legal and regulatory website.
Indlaw founded in 2002 by Joseph Pookkatt, an enterprising lawyer, received early stage investment and strategic support from 2i Capital, and successfully emerged as one of the leading online providers of comprehensive Indian legal, tax, and regulatory information. Indlaw's various online products provides solicitors, advocates, businesses and students access to information on various primary and secondary legal documents such as judgments, Parliamentary and State enactments, notifications, circulars and rules, constitutional texts, parliamentary debates, in India.
Thomson Reuters is a leading provider of critical information, decision support tools, and services to legal, intellectual property, compliance, finance, and government professionals throughout the world. Its world-renowned brands in the legal and regulatory space include West, Westlaw, FindLaw, Elite and Sweet & Maxwell. See http://thomsonreuters.com/about. Thomson Reuters was named 44th in the BusinessWeek 2008 ranking of the Top 100 Global Brands.
With this acquisition, Thomson Reuters recognises the strategic importance of the Indian legal information market, and Indlaw and 2i Capital have great confidence in the plans Thomson Reuters has for Indlaw and its customers. With the transaction complete, Thomson Reuters will focus on providing uninterrupted service to Indlaw's clients and would offer them access to an increased suite of comprehensive legal information solutions from its international and common law legal databases. more>>
Investments during downcycle can fetch higher returns.
Bangalore-based private equity fund 2i Capital recently announced the first closing of its second fund at $60 million. Named Indian Enterprise Fund, 2i's second fund is looking at a final closing of $200 million. It will invest in the range of $15 million each in mid-sized companies operating in high growth consumer or industrial markets. The fund has been completely raised from foreign investors, mainly from Europe, besides Asia and the US. The sectors they like are transport, logistics, financial services and infrastructure, among others. 2i has so far invested about $200 million in companies like Pipavav Shipyard, India Infoline, Titagrah Wagons, Idea Cellular, Excel Telecom, and Gayatri Projects (most of which have been listed after they invested). more>>
PE, VC firms have put in $890 mn in the sector this year; experts see extension into allied segments.
Bangalore: Private equity (PE) firms operating in India are plugging energy as the next sunshine industry for investors. And the number of investments made in the sector so far this year seems to bear them out (BETTING ON ENERGY). In the last six months, private equity and venture capitalfirms have invested $890 million, or Rs3,818 crore, in 14 big and small energy deals, compared with four transactions worth $123 million a year earlier, according to local private equity tracker Venture Intelligence. Reason?
In a power-starved nation that is getting more prosperous, energy presents a business opportunity that can be readily scaled up.
"PE players look out for scalable businesses and enormous growth prospects. The energy sector in India provides potential for both, as the supply and demand gap is huge," says Raja Kumar, founder, chief executive and managing director of UTI Ventures. UTI Ventures has invested in half-a-dozen energy or related companies, including Ind- Barath Power Infra Pvt. Ltd and Pesco Beam Environmental Solutions Pvt. Ltd. Apart from project-specific risks, experts say energy-business revenue, particularly in the power sector, can easily be predicted for as long as 10 years. more>>
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