"We have identified technology, media and telecommunications as potential areas where we would like to invest. We are expecting that by the end of this year, we will be finalizing deals worth USD 50 million by picking up stake in Indian companies," Acumen Capital Advisor Private India Limited, Managing Partner, Gautam Seengal said.
Presently, the firm is in talks with three companies to invest USD 10 million, which will help them in funding their expansion projects, he said but refused to divulge names of the companies.
"We are in negotiation with a Delhi-based company which is in the field of oil exploration. We are injecting a sum of USD 5 million in that company and would pick up 3 per cent stake in it. We are also holding talks with a Bangalore-based company which manufactures industrial arms. The size of the deal would range between USD 2.7 million to USD 3 million and 7 per cent stake would be acquired in it," he said.
Regarding the third company, he said, "It is a Delhi-based small IT company to whom we would lend USD 1.2 million and acquire 25 percent stake in the company."
"Our main aim of investing in companies is to remove impediments in growth prospects and nurture them in such a way that they achieve their business objectives," he said.