Gateway Financial Services Ltd ("Gateway") was founded in the year 2006 by two professionals with more than forty years of combined experience in the financial services industry in India and GCC .

The Company was set up, primarily, to leverage on the working relationships the promoters had developed over the years with reputed financial institutions, corporate groups, and private family offices globally.

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FortNightly PE Update

Dear Sirs,

Please find attached herewith the "India Private Equity Fortnightly Analysis Report"  from 15th to 30th November, 2014.Please note that the information is compiled from various sources and is intended purely for information purposes only. The highlights are as under:

Corporate Deals:

  • FTIL Sells Bourse Africa To Continental Africa Holdings
  • Amulya Leasing Hikes Stake In Apollo Pipes
  • PepsiCo Sells Bottling Operations In North To Varun Beverages
  • Tube Investment Makes Additional Investment In JV Company
  • Astral Poly Technik Picks Up Majority Stake In Resinova Chemie
  • Zoho Corp Picks Up Minority Stake In Machine Vision Startup Zentron Labs
  • Ashok Leyland Divests Stake In Hinduja Tech To Strategic Investor
  • Mahyco Buys Majority Stake In Zimbabwe's Seed Firm Quton
  • Nippon Life To Hike Stake In Reliance Capital Asset Management
  • W Atlee Burpee Company Acquires Stake In Indus Seeds
  • Rane Holdings Increases Stake In SasMos HET
  • Nihon Nohyaku Picks Up Majority Stake In Hyderabad Chemicals
PE Deals:  
  • Seven Startups Secure Funding From Social Business Incubator Villgro
  • Sequoia To Invest In Dermatology Curatio Healthcare
  • Inventus, Kae Capital Invest In US Based Syscloud
  • IFC Leads Investment In Tikona Digital Network
  • Softbank Invests In Property Search Portal Housing.com
  • Online Restaurant Guide Zomato Raises Fresh Funds From InfoEdge, Others
  • Warburg Pincus May Buy ChrysCap's Stake In Mankind Pharma
  • Offline Games Startup Madrat Secures Funding From Flipkart Founders, Others
  • Blume Ventures Backs Train Info Provider RailYatri
  • Everstone, Solmark Acquire Customer Interaction Management Firm Servion Global
  • Ex Citi Chief Vikram Pandit Led Global Fund Invests In JM Financial's FCIS Consultancy
  • Chennai Angels, Others Invest In Online Jewellery Marketplace Velvetcase
  • SAIF Partners Leads Series A Investment In Healthcare Startup Qikwell
  • Indian Angel Network Backs SriLankan Tech Startup Omak Technologies
  • Community Chat Platform Scrollback Secures Funding From Jungle Ventures, Others
  • Rupert Murdoch's News Corp Invests In Real Estate Portal PropTiger
  • FindURClass Secures Seed Funding From VentureNursery
  • WestBridge Buys Stake In Aptus Value Housing
  • Indian Angel Network Invests In Fuel Management Startup LoudCell
Mergers n Acquisitions:
  • French Firm Systra Acquires Gujarat Based Engineering Consultant Sai
  • JSW Energy To Acquire Jaiprakash Power's Two Hydro Power Projects
  • Rocket Internet Backed FoodPanda Acquires TastyKhana
  • Sandhar Technologies Buys Arkay Fabsteel's Cabin Business
  • Indiabulls Distribution Services Acquires India Land And Properties
  • NTPC To Acquire Stake In Overseas Coal Mines
  • Tech Mahindra To Acquire Lightbridge Communications Corporation
  • Kotak Mahindra To Acquire ING Vysya Bank
  • Hester Biosciences Buys Gujarat Agrofarm
  • VC Backed UrbanLadder Acqui-hires Home Decor Marketplace BuyNBrag
  • Future Group Acquires Actis' Nilgiri's Convenience Stores Chain
  • ING Vysya Merging With Kotak Mahindra Bank
  • Fidelity Backed Milk Mantra Buys Westernland Dairy
  • Avantha Group Sells Korba Power Project To Adani Power
  • American Tower Corporation Acquires Airtel's Nigeria Towers
  • Narayana Health Acquires Kolkata Based WestBank Hospital
  • Wayne Burt Capital To Acquire Distressed Assets In Power, Petrochem Sector
  • Adani Welspun Exploration Seeks To Acquire Shale, Oil Sand Assets Overseas
  • Detergent Maker Nirma May Acquire FMC Corp's Soda Ash Assets
  • Ascent Capital Backed KIMS Acquires Kerala Based Al Shifa Hospital
  • 8K Miles Software Buys Serj Solutions
Fund Raise:
  • Bill Gates Backs Impact Investor Unitus Seed
  • Rajeswari Infra Seeks FDI For Chennai Project
  • Financial Analytics Startup Aureus Analytics Raises Angel Investment
  • Organic E-Tailer OrganicShop Plans Fund Raise
  • Oxigen Services Plans Fund Raise
  • B2C Online Delivery Startup Delyver.com Secures Funding
PE Fund News:
  • IndiaBulls AMC To Float A Real Estate Fund
  • Accel India Sets Up Fourth Fund To Invest In Ecommerce, Tech Startups
  • Motilal Oswal Real Estate Raises Fund For IREF II
  • Cleantech Fund Infuse Ventures Plans Investments
  • SAIF India raises $350m for second fund since spinout
Targets n Plans:
  • Reliance Entertainment Plans Overseas Game Studios Acquisitions
  • Billionaire Businessman Nicolas Berggruen Owned Keys Hotels Plans To Sell Assets
Corporate News:
  • Starwood May Sell Majority Stake In Le Meridien Properties
  • Nimbus Communication To Offload Stake In Neo Sports
  • Kaveri Seed's Promoters Plan Stake Sale
  • Yum Restaurants To Sell Western India KFC Business To Franchisee
PE Exit:
  • Motilal Oswal Real Estate Exits Two Projects
Corporate Exit:
  • Alok Industries To Exit Retail Chain Store 21
  • Gammon India May Exit Gammon Infrastructure Projects
  • Financial Technologies Exits MCX-SX To Jhunjhunwala, Edelweiss, Others
 
Best Regards,
Chaitali Neogy

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Research Analyst GATEWAY CAPITAL LIMITED (Licenced  by Financial Service Commision, Mauritius) Associate : Capitalcorp Consulting #208, The Business Centre, Nr. Burjuman Center P 0 Box 117465, Dubai ,UAE
 
M +971 50 4239009 
T +971  4 3795200, F +971 4 3795300 E mail: chaitalim@gatewayamc.com 
Website:www.gatewayamc.com
Private Equity    .  Strategic Advisory    WE HAVE MOVED TO OUR NEW OFFICE. PLEASE NOTE THE NEW ADDRESS.
 
 
 
 
 

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Next Trillion Dollar Opportunity Fund

 Dear Sirs,

We are pleased to share with you the update as at August 31, 2013,  on the "Next Trillion Dollar Opportunity Fund" ("NTDOP"), a joint initiative with Gateway Capital & Motilal Oswal AMC, Mumbai. The Fund's investment strategy is managed by Motilal Oswal AMC. The Fund aims to invest primarily into mid & small cap companieswith a focus on identifying emerging sectors/stocks which are part of the Next Trillion Dollar GDP Growth Opportunity in India
Please find attached 
---Monthly Fact Sheet as at September 2013 
---September Newsletter  with updates on the portfolio companies of the fund
The Fund has significantly outperformed its benchmark (in USD terms), the CNX Midcap Index, across all time frames barring the last 3 months, since its inception in Sept 13, 2012:
  • Since its inception the fund has returned -17.74% vis a vis -24.52% by the benchmark index.
  • Fund Portfolio has a beta of 0.52 vs 1 thereby exhibiting lower volatility.
Performance Update:
During August 2013, Indian equities had a volatile period in Aug with the benchmark index Nifty losing 4.7% overall to end the month at sub-5500 level. The quarterly earnings season concluded mid-month with a mixed bag of results. 
On the global front, the Syrian crisis added to the INR's woes as the Brent spiraled up. With the INR continuing to depreciate, the RBI and Government took various measures to supppport the INR including the opening of forex swap windows to meet $ requirements for crude oil imports. Meanwhile, the National Spot Exchange (NSEL) payment crisis hit markets in early Aug as the commodities exchange suspended trading amidst fears of a default.
On the macro front, India's 1QFY14 GDP growth recorded a sharp deceleration, coming in at 4.4%. Over the month, two important Bills were passed in the Lower House of the Parliament - the Food Security Bill and the Land Acquisition Bill. The month also saw the appointment of Dr. Raghuram Rajan as RBI Governor from Sep 4.
Sector wise, banking, industrials and telecom were the worst hit while materials and IT were sectors significantly in the green. Flow-wise, August saw significant outflows from FIIs, who remained net sellers for the third consecutive month while DIIs switched to net buyers. On a positive side, FDI into India increased by 24.2% Y-o-Y to $3.95 bn in April-May 2013 vs. $3.18 bn of FDI in April-May 2012 according to data from the Department of Industrial Policy and Promotion (DIPP).
On the organisational front,
GlaxoSmithKline Consumer Healthcare, the makers of Horlicks, is revamping the £20.3m brand with new packaging, updated on pack claims and reformulation to help change the perception of the £143m malt category. 
Bosch has acquired 97 acres of land in Bidadi for the construction of this new manufacturing facility and is investing over Rs 250 crores for the initial development of the facility. The plant will be ready for commencement of production by the third quarter of 2015 with re-location of around 850 employees. The new Bidadi facility will house the production of several components of diesel fuel injection systems.
 
Fund Holdings and sector allocation:
The top five holdings of the funds as of date are as under:
  • Page Industries.
  • Pidilite Industries.
  • Eicher Motors.
  • GSK Consumer Healthcare.
  • Bosch Ltd.
Top three sector allocation are:
  • FMCG - 33.22%.
  • Banking and Finance - 21.64%.
  • Auto & Auto Ancillaries - 17.34%.
Market Outlook:
Market & Fund Outlook: 
As per the Fund Managers - 
September will keenly test the Government’s resolve to undertake some hard reforms as well such as a large quantum of diesel hike, pension and insurance bills and speeding up disinvestments which are key to repair the recent market damage and restore some government credibility. In the month, the Fed's meeting will be keenly watched for to provide further light on QE tapering plans even as the market will likely contend with the developments on Syria. The first RBI credit policy meet under the new Governor will also be an event which will be keenly watched for with regards to understanding future policy direction. 
We believe that while the current economic environment is challenged, there are certain concerns such as on the Current Account Deficit and Fiscal Deficit seems way overdone and do not warrant such adverse reaction for both the equity and currency markets.
We look forward to your participation in the fund with a 3 - 5 year time horizon, and a targeted return of around 15 - 20% p.a. While the portfolio comprises of high quality stocks, dollar cost averaging can be used a strategy to manage the volatility in Indian markets.
Best Regards,
Chaitali Neogy

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Research Analyst GATEWAY CAPITAL LIMITED
 

 

 

 

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