Acacia Partners buys 4.6% in Net4India

Acacia Partners and its associate funds have acquired 4.6% in network and application services provider Net4 India Limited for Rs 11 crore (USD 2.3 million).

February 04, 2011 / 15:09 IST

Acacia Partners and its associate funds have acquired 4.6% in network and application services provider Net4 India Limited for Rs 11 crore (USD 2.3 million). Net4 India, a Noida-based company, is a provider of hosted email, web hosting and domain name registration in the Asia-Pacific region.

It offers internet bandwidth services, data centre solutions, VoIP solutions, and enterprise messaging & hosting solutions.

Net4 India has been on a fund-raising spree over the past year and half. It raised Rs 8 crore from QS India Hosting, an investment arm of international private equity firm Quilvest group that is listed on the Luxembourg Stock Exchange. The PE firm that also has an indirect investment in SKS Microfinance through its investment in Kismet Capital, picked 3.4% in Net4 India last August at a price of Rs 116 per share.

first published: Feb 4, 2011 02:44 pm

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