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April 11, 2013

Deal Alert: OCP Asia invests $15-M in HomeShop18

Hong Kong-based hedge fund OCP Asia Ltd. has invested $15 million HomeShop18, the Noida-based teleshopping arm of publicly listed Network18 Media & Investments Ltd. Network18 will also invest a similar amount in the company and continue to be the majority shareholder.

HomeShop18 launched India’s first 24-hour home shopping TV channel in 2008. Today, it operates across the Internet, TV and mobile channels through HomeShop18.com and the 24x7 channel. It has acquired a customer base of 6.1 million. 

OCP Asia was established in September 2009 by Stuart Wilson and Teall Edds.  

From the Venture Intelligence PE Deal database: SAIF had invested $2-M in May-06 for a 30% stake in HomeShop18. In Jul-08, SAIF and Capital18 had invested $21-M in the company. 

Source: BSE
 
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