• Investment World
• eWorld
• Catalyst
• Mentor
• Life
• Canvas
• Praxis
• Urban Pulse
• Brand Quest

Our Bureau

Bangalore , Dec. 17

AN American start-up private equity company has announced the acquisition of a local company producing bonsai plants, as part of its plans to set apart $20 million to take equity in small and medium companies in the old economy sector.

Announcing this on Wednesday, Mr Robert Palmer, founder Managing Director of The Gabriel Management Group (TGMG), a venture started by a group of professionals with other business interests, told newspersons that TGMG's focus in India would be healthcare, real estate, granite quarrying, horticulture and services business.

"Our mission is to build a portfolio of successful, cash-producing enterprises through strategic acquisition, recruitment and retention of superior leaders and enhanced operations," he added. Though he refused to divulge the amount spent on the acquisition of the newly formed local company, Bonsai Garden (India) Pvt Ltd, Mr Palmer and Mr Shyam Srinivas, Principal, TGMG, said that the product will be marketed under the brand name, `Bonsai Srinivas'.

TGMG will market the product in major metros and institutions and popularise the brand before exploring the export market. Bonsai Garden has been founded by Mr S. Srinivas and his daughter, Ms Shantala Srinivas.

The group has also entered into an investment pact with CompUSA, software solutions provider for enterprise and Government. It has taken equity in the company, which will take up medical transcription work for the mid-size hospitals in Mid-Western US.

Apart from investing in Indian companies, TGMG would be providing inputs in the area of branding and marketing.

Article E-Mail :: Comment :: Syndication

Stories in this Section
Hindustan Zinc raises prices

Copyright © 2003, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line