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Brief
Kotak’s private equity fund invests Rs 25 crore in Four Soft
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Srikanth Palem
CEO & MD
Four Soft
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Four Soft (4S) has received funding of Rs 25 crore from the
India Growth Fund (IGF) of Kotak SEAF India, a SEBI-registered private venture
capital fund. IGF received a preferential offering of 39,49,447 equity shares
of Rs 5 each at a premium of Rs 58.30 per share. The private equity fund is
managed by Kotak Mahindra Bank.
4S is an enterprise solutions company providing software
products exclusively for transportation, logistics and supply-chain management
markets, and also offers IT consultancy services.
Speaking on the investment, Srikanth Palem, CEO & MD, 4S said, “The
investment by Kotak SEAF India Fund comes at a right time as 4S is positioned
for consolidation and future growth. We are happy to get support from one of
the largest financial organisations in the country. We believe they will add
value to the long-term growth of the company.”
Added Nitin Deshmukh, Head, Private Equity, Kotak Mahindra Bank, “We are
excited about our investment in 4S which is one of the few software product
companies from India with blue chip customers across US, Europe and Asia. We
believe our investment, which is for the acquisition of the transport &
logistics (T&L) division of DCS Group Plc, will help 4S attain a leadership
position in the T&L vertical worldwide.”
The fund is investing $5-$15 million in emerging corporates which have an international
competitive advantage. The focus sectors include life sciences (pharma &
biotech), retailing, media, entertainment, light manufacturing and infrastructure-led
services.
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