Fusion Corporate Partners

The Fusion Team have completed over 70 digital and media transactions for its private, corporate and private equity clients. For more information contact pkelly@fusioncorp.co.uk or visit our website
 

ACQUISITION 
FDN Database Reference:  F231109-314
 
Acquirer:  Ten Alps Communications Asia Pte Limited
ACQ Web:  http://www.tenalps.com
Other Web Links: Twitter
Location:  Singapore
Region:  Asia
Description:  Ten Alps has formed Ten Alps Communications Asia Pte Limited (TACA), registered in Singapore, in which it holds a 60% stake alongside Karay Holdings Pte Limited, who holds the remaining 40%. Ten Alps has an option to acquire the Karay holding in 2013. TACA will be run by Raymond Wong and report to the Ten Alps Communications division. Raymond is the former Managing Director of RBI Asia.
Category:  Media, Events, Publishing, Televison
Contact 1:  Raymond Wong, CEO, Ten Alps Communications Asia Pte
Contact 2:  Adrian Dunleavy, Chief Executive of Ten Alps’ Communications Division
Contact 3:  Alex Connock, CEO, Ten Alps PLC
 
Vendor:  Reed Business Information Asia
Vendor Web:  http://www.reedbusiness.com.sg 
Location:  Singapore
Description:  Reed Business Information (RBI) Asia provides business-to-business information services in Asia . Headquartered in Singapore and with offices in Hong Kong , Malaysia, Thailand, Taiwan and South Korea , RBI Asia provides information services to various sectors such as electronics, manufacturing, television and entertainment and travel and meetings. RBI Asia also provides other B2B information solutions such as Bankers’ Almanac, Mardev Asia and eGuide/ Kellysearch directory. Reed Business Information Asia is part of Reed Business, a division of Reed Elsevier PLC group. In addition, with effect from 1 February 2010, TACA has agreed to purchase the trade of Interface. Interface specialises in media sales, digital and online search engine optimisationservices in the Asian business to business sector.
Category: Media, Events, Publishing, Televison, Directory
Contact 1:  Luke Rattigan, Chief Executive Officer 
Contact 2:  Lim Suet Ni, Financial Controller 
Contact 3:  Chen Wai Chun, Group Publisher (Electronic Group)
Contact 4:  June Tan, Publisher (Manufacturing Group) and (TV & Entertainment Group)
Contact 5: Patti Mo, Director (Publishing Services)

Aprox. Value:  Undisclosed
 
Details:  TACA has purchased ten titles from RBI Asia including websites, events and publications associated with the following assets: Television Asia, Asia Image, Payload Asia, Control Engineering Asia, Asia Food Journal, Pharma Asia, Electronics Manufacturing Asia, Electronics Manufacturing China, Logistics Insight Asia and Travel Weekly China.
 
Link: Ten Alps announcement

The Fusion Team have completed over 70 digital and media transactions for its private, corporate and private equity clients. For more information contact pkelly@fusioncorp.co.uk or visit our website

ACQUISITION 
FDN Database Reference:  F231109-312
 
Acquirer:  India Equity Partners  
Location:  Mumbai India
Region:  Asia
Description:  India Equity Partners Fund Advisors Pvt. Ltd. is a PE firm with $2bn under management. The fund focuses on companies operating in the fields of logistics, real estate, telecom, media, financial services manufacturing, life sciences and education.
Category:  Private Equity
Contact:  Gaurav Mathur, Managing Director, India Equity Partners
 
Vendor:  IL&FS Education and Technology Services Ltd
Vendor Web:  http://www.ilfsets.com 
Location:  Mumbai India 
Region:  Asia
Description:  IETS is in the business of commercialisation of technology-enabled learning and teaching solutions, including web-based multimedia, educational software packages, trade in technology-based products and publication of educational material, development and sale of content and software development and maintenance of information technology-related systems, including training, project management and consultancy in respect thereof.
Category: Education, Publishing
Contact 1:  Mr Ravi Parthasarathy, Chairman
Contact 2:  Hari Sankaran, Managing Director
Contact 3:   Arun K Saha, Joint Managing Director  
 
Aprox. Value:  Rs 140cr
 
Details:  India Equity Partners will acquire 25% stake in IL&FS Education and Technology Services Ltd. for around Rs 140cr, valuing the company at Rs 560cr. The price per share is expected to be Rs 175. The 3 existing shareholders- Orix Corporation of Japan, HDFC and Sera fund will divest their entire stake, which amounts to 20%, and the remaining 5% will be acquired through fresh issue of share by IETS. Orix Corporation also has a JV with IL&FS in ORIX Auto Infrastructure Services Ltd. The current paid-up capital of IETS is Rs 32.31cr, comprising of 3.23cr equity shares of each.

Link: Deal Curry

The Fusion Team have completed over 70 digital and media transactions for its private, corporate and private equity clients. For more information contact pkelly@fusioncorp.co.uk or visit our website
 
FUND RAISING 
Database Reference:  F231109-324
 
Business:  GupShup
Web:  http://www.smsgupshup.com
Location:  India, Mumbai
Region:  Asia
Business description:  Mobile group SMS service that allows users to create mobile communities and broadcast messages to them. Launched in April 2007, SMS GupShup now serves 26 million users in over 2 million sms communities – double the number of communities supported just six months ago.
Category: Mobile, Social Network
Contact 1:  Beerud Sheth, Co-Founder and Chief Executive Officer   
Contact 2:  Rakesh Mathur, Co-Founder and Chairman of the Board
  
Investors:  Led by Globespan Capital Partners and additional financing from existing investors Charles River Ventures and Helion Venture Partners
  
Amount raised:  $12,000,000
  
Details:  SMS GupShup have closed funding for a $12 million round. To date, SMS GupShup has raised $37million in funding and is  hiring globally. In  the past two months the company has increased its team head count from 100 to 130 and looks to fill another 20 positions in marketing, engineering and advertising sales. As part of this funding round, Venky Ganesan, Managing Director of Globespan Capital Partners, will join the SMS GupShup Board of Directors, which is currently comprised of Devdutt Yellurkar (Charles River Ventures), Ashish Gupta (Helion Venture Partners), Jeff Hussey (Founder of F5 Networks, Inc.), Rakesh Mathur (Co-founder and Chairman of the Board), Beerud Sheth (Chief Executive of Webaroo/Co-founder of SMS GupShup).

Link:  Press Release

The Fusion Team have completed over 70 digital and media transactions for its private, corporate and private equity clients. For more information contact pkelly@fusioncorp.co.uk or visit our website

FUND RAISING 
Database Reference:  F231109-305
 
Business:  Youku
Web:  http://www.youku.com
Location:  China, Beijing
Region:  Asia
Business description:  Video sharing website
Category: Video
Contact 1:  Victor Koo, Youku founder and CEO
Contact 2:  Eric Li, managing director of Chengwei Ventures 
 
Investors:  Led by Chengwei Ventures and the first closing was raised entirely from existing investors. Besides Chengwei, those investors include Brookside (Bain) Capital, Maverick Capital, and Sutter Hill Ventures.
  
Amount raised:  $40,000,000
 
Details:  “Youku.com has closed $40M in private equity funding in a first tranche of a growth financing round. Youku is in active discussion with other potential investors over a second tranche of the round, which will raise up to an additional $40 million. Including the first tranche for the current round, the company has raised $110 million in private equity funding, and $10 million in venture debt.

This latest round of funding will be used to syndicate professional media and produce Web-based content, to further enhance user experience, and on both PC-based and mobile R&D.”

Link:  Press Release
 
 
Related DigiNet article
Shanda to buy 58% of web video sharing business ku6

The Fusion Team have completed over 70 digital and media transactions for its private, corporate and private equity clients. For more information contact pkelly@fusioncorp.co.uk or visit our website
 
ACQUISITION 
FDN Database Reference:  F231109-272
 
Acquirer:  KongZhong Corporation
ACQ Web:  http://ir.kongzhong.com
Location:  China, Beijing
Region:  Asia
Description:  Mobile Internet company in China
Category:  Mobile
Contact 1:  Leilei Wang, Chief Executive Officer and Chairman of the Board of Directors
Contact 2:  Jay Chang, Chief Financial Officer 
 
Vendor:  Shanghai Dacheng Network Technology Co., Ltd
Location:  Chiana, Shanghai and Beijing
Region:  Asia
Description:  Developer of three-dimensional (3D) massively multi-player online role-playing games (MMORPGs). Their  newest 3D online game is Loong
Category: Online games
Contact 1:  Zhen Yang, chief executive officer and founder
Contact 2:  Jay Chang, Chief Financial Officer

Aprox. Value:  Based on Dacheng’s 2010 net profit after tax (NPAT), as calculated under US GAAP, the Company would pay up to US$80.0 million, in a mix of cash and the Company’s ordinary shares, to Dacheng’s shareholders.

The the key terms and features of the transaction are available here
 
Details:  KongZhong Corporation has entered into a definitive agreement to acquire Shanghai Dacheng Network Technology Co., Ltd. The transaction is expected to close in the first quarter of 2010.

Prior to the closing of the transaction, Dacheng will engage in a reorganization whereby an offshore holding company will be established, and Dacheng will enter into certain contractual arrangements with such holding company and/or its subsidiaries. The Company will purchase 100% of the outstanding equity interest of such holding company upon the completion of the reorganization.
 
Link: Press Release