|
Home » Private Equity » Energy / Utilities » John Energy Receives $20 Mn Funding From Sage Capital |
|
|
John Energy Receives $20 Mn Funding From Sage Capital
by Jarna Gandhi | April 01,2010 - 05:32 PM
Topics : Private Equity
Industries : Energy / Utilities
|
|
|
John Energy Limited is raising $20 mn by selling an undisclosed minority stake to Sage Capital Funds Management Pvt. Ltd.
Sage capital will invest in the company through Sage NPE India Fund 1.
Singhi Advisors was the sole advisor to the deal.
Transaction Reference: VCCIRCLE
|
|
Transaction Note John Energy limited, established in 1987, provides services to the Oil & Gas Industry. The company engages in drilling of new oil wells, rehabilitation of abandoned oil wells and oil recovery services.
Last year, the company announced its plans to raise Rs100 cr from the capital market. As on March 31st 2009, its order book was worth Rs 700 cr and all its rigs were booked for the next 2 years.
Hydrocarbon majors such as Reliance, ONGC, Cairn and GSPC are among John Energy’s main customers who hire drilling rigs from it.
In 2008, JEL had acquired four rigs for deployment in Kazakhstan and North African countries.
In 2006, the company had raised funds from RARE Enterprises.
Sage Capital manages the $200 mn fund whose investment ranges between $5 mn and $15 mn. In January, Sage Capital had invested $10 mn in Concord Enviro Systems Pvt Ltd.
Earlier this month, Franklin Templeton Asset Management had invested $19.95 mn in Shiv-Vani Oil & Gas Exploration Services Ltd.
|
|
|
|
|
| |
| Date | Type | Sub Type | Buyer | Size |
| John Energy-Sage Capital |
| 01/04/10 |
Private Equity |
Private Placement |
Sage NPE India Fund 1 |
20.00 |
| John Energy - Rare Enterprises |
| 00/00/00 |
Private Equity |
|
Rare Enterprises-1-1 |
11.17 |
|
Recent Transactions In The Sector |
|
| Date | Type | Buyer | Target | Size | State |
| 16/08/10 |
M&A |
Vedanta Resources plc |
Cairn India Limited |
8500.00 |
Announced |
| |
| 05/08/10 |
M&A |
Reliance Industries Limited |
Marcellus Shale acreage in Central and Northeast Pennsylvania |
392.00 |
Completed |
| |
| 04/08/10 |
IPO / Offerings |
Looking For |
|
7.30 |
Announced |
| |
| 19/07/10 |
M&A |
|
Prize Petroleum Company Limited |
0.00 |
Auction Block- Looking for Buyer |
| |
| Fund |
| Name | Corpus | Target Sector | Website | KeyContact | Email | No |
| Sage NPE India Fund 1 |
67.7 |
Technology
Engineering
Consumer Goods |
http://www.natixis-pe.com/uk/page.php?contenu=sage_capital |
Manish Kanchan |
|
0 |
| |
| Company |
| Name | Promoters | Office | Competitor | Website |
| John Energy Limited |
|
Plot No.220,
GIDC Estate,Mahsana,
Gujarat-384002. |
Hindustan Oil Exploration Co. Limited |
www.johnenergy.com |
| |
| |
 |
Singhi Advisors |
|
|
|
|
|
|
|
|
John Energy | Sage Capital | Singhi Advisors
|
|
|
|
|
|
|
|
|
|
|
|
| Latest DealCurry Notes |
| |
|
Shilpi Cable Files DRHP To Raise Rs 56 Cr Via IPO
|
|
September 03, 2010, 03:58 PM | Deeshesh Chheda
|
Radio frequency (RF) cables manufacturer, Shilpi Cable Technologies Limited (SCTL) has filed DRHP with SEBI to raise Rs.55.87 Cr.
It will use the IPO proceeds to set-up a wire and cable assembly shop, expand its product portfolio and manufacture cables for 3G networks. It will also manufacture low voltage power cables and cable accessories.
D and A Financial Services is the sole book running lead manager for the issue.
|
|
|
|
| M&A |
|
|
| |
| PRIVATE EQUITY |
|
|
| |
| VENTURE CAPITAL |
|
|
| |
| I.P.O. / OFFERINGS |
|
|
| |
| |
|
