News - Portfolio Company News

New Silk Route Partners, an Asia-focused private equity fund, said on Tuesday it picked a significant minority stake in educational support services provider Varsity Education Management Pvt Ltd for an undisclosed sum.

New Delhi: Asia-focused private equity (PE) firm New Silk Route Partners LLC Tuesday said it has acquired a minority equity stake in India-based educational support services provider Varsity Education Management Pvt Ltd for an undisclosed sum.

Hyderabad: Private Equity fund, New Silk Route Group, has picked up a minority stake in Varsity Education Management Pvt Ltd with $30 million.

New Silk Route Partners, an Asia-focused private equity fund, said on Tuesday it picked a significant minority stake in educational support services provider Varsity Education Management Pvt Ltd for an undisclosed sum.

Amonix Inc., the leading designer and manufacturer of utility-scale concentrated photovoltaic (CPV) solar power systems and lead investor Kleiner Perkins Caufield & Byers (KPCB), announced their interim management plan in succession with the tragic passing of Amonix CEO, Brian Robertson. Robertson was a solar pioneer with significant expertise in the solar industry. He joined Amonix in late 2009 with the acquisition of Sunworks Solar LLC, where he was co-founder and CEO (2008-2009). Prior to that, he co-founded Sun Edison LLC. Under his leadership at Amonix, the company grew its installed marketshare and is well-positioned for ongoing success. His strong legacy will continue to be honored by Amonix and those he touched

Nectar Lifesciences has received US Food and Drug Administration's approval for its active pharmaceutical ingredients manufacturing plan. Nectar Lifesciences Ltd. announced that it has received US Food and Drug Administration's (USFDA) approval for its Active Pharmaceutical Ingredients (APIs) manufacturing plant Unit-II in Dera Bassi, Punjab. Followed by the recent audit of USFDA in June 2011 for its Drug Master File - Cefuroxime Axetil, NecLife received the confirmation of approval on September 7, 2011. NLL's API facility at Unit-ll, Dera Bassi has also been approved by Japan MOH, MCC South Africa and Korean FDA. NecLife's API as well as Formulations Facility have both been successfully inspected by EU authorities and are awaiting final approval.

International Finance Corporation (IFC) is looking to invest up to $11 million in Mahindra Solar One Pvt Ltd, a joint venture between the $12.5 billion Mahindra Group and solar power start-up Kiran Energy Solar Power Pvt Ltd. The deal may involve $5 million equity investment, along with $6 million in debt, by the private investment arm of the World Bank.

Thermax Limited and Amonix, Inc. today announced an agreement that will bring proven, concentrated photovoltaic (CPV) technology for clean power generation to India. In this exclusive partnership, Amonix will offer high-performance solar power generation systems and Thermax will be the Engineering, Procurement and Construction (EPC) partner to provide turnkey solutions to customers in India.