To finance and gear investments like this:
http://www.hindustantimes.com/nonfram/180800/detECO06.htm Carlyle of US to invest $250 mn in IT sector HT Correspondent (New Delhi, August 17) CARLYLE GROUP, the US based leading private equity fund has decided to invest $250 million in Indian information technology (IT) sector. An announcement to this effect was made by company group managing director David here today. Talking to media, Rubenstein said that the proposed investment will be made in next three years and group's exposure in India would be one-third of the total investment of $750 million in Asia. The group plans to build a portfolio that consists primarily of strategic investments in technology initiatives supporting Asia's telecommunications infrastructure, wireless communication, Internet and software industries. Speaking on the occasion, Carlyle痴 managing director, Asia, Tony Jansz said that the company has already invested more than $20 million in six technology companies in India during the last five months. The limit for equity investment in the lower-end companies is two to ten million dollars and for that of high-end companies from $10-40 million, he said and added that the average investment period ranges from three to five years. Out of total $750 million, the group has earmarked $250 million for India and China each and balance $250 million for other Asian countries. However, Jansz ruled out making any investment in those dotcom companies whose revenue streams are based on advertisement. 展e are looking at technology and the proper revenue stream before taking fresh exposures.・ The group will also take exposures in telecom infrastructure like national long distance telephony. Jansz said that the group would also provide world-class supporting services to technology initiatives in India, China, Korea, Taiwan, Australia, Singapore and Hong Kong. ----------- Charles J
