In September 2013, Intellecap’s Investment Banking Practice announced the successful closure of funding for Punjab Renewable Energy Systems Private Limited (PRES) from Swiss-based responsAbility Investments. Intellecap acted as the sole advisor to this deal.
Case Studies: Investment Banking
In August 2013, Intellecap’s investment banking practice announced the successful closure of Series A funding for Gramco Infratech Private Limited. As sole advisors for this transaction, Intellecap raised INR 15 Cr from the Samriddhi Fund, an impact investor focused on low income states of India.
In September 2012, Intellecap successfully advised Arohan Financial Services on the sale of its business to IntelleCash Microfinance Network. Arohan Financial Services is a Microfinance Institution (MFI) which provides financial services to the urban and semi-urban poor in West Bengal, Bihar, and Assam, three Low Income States in India. Arohan had operations in 93 branches across 19 districts in these States, with a loan portfolio size of approximately USD 8.4 million.
NationWide Primary Healthcare provides personalised General Practitioner (GP) services and paediatric care to individuals, families, and corporate groups in India. The Company's primary focus is on proactive management of every day ailments and effectively managing chronic conditions. The Company plans to open 1,500 clinics across India over the next 5 years, revolutionising primary healthcare in the country.
In 2011, Intellecap raised USD 30 million for Bandhan, a Microfinance Institution (MFI) in India. The International Finance Corporation (IFC) was the sole investor in this transaction, and it was IFC's largest in India's microfinance sector.
Bandhan is currently the largest Indian MFI with an outstanding loan portfolio of USD 660 million. The Company provides loans, micro- pensions and remittance services to 3.8 million poor and low- income people across 18 States, including Low Income States such as Bihar, Uttar Pradesh and Jharkhand where poverty levels are the highest.
Waterlife provides safe water to underserved populations in rural India in an affordable and sustainable manner. In 2011 Intellecap raised USD 4 million for Waterlife from Matrix Partners and Aavishkaar Micro Venture Capital Fund, two experienced venture capital investors.
Since the investment was completed Waterlife increased the number of its installations from 5 to 137, grew its Clients from 1 million to over 2.6 million and expanded into 7 Indian states. In 2012 Waterlife was selected as one of the winners of the G20 Challenge on Inclusive Business Innovation.