Media Coverage Details

Headland Capital Partners invests

Rs. 40 crore in Microqual Techno Ltd.

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1. Hindu Business Line Mumbai New Delhi Kolkata Bangalore Chennai Hyderabad Kochi Pune

December 10, 2010

11 11 11 11 11 11 11 11

2. Financial Express Mumbai December 10, 2010 6

3. Mint Mumbai Ahmedabad

December 11, 2010 11 11

4. Western Times Ahmedabad December 12, 2010 3

Online

Website Link

5. Press Trust of India

6. VCCircle http://www.vccircle.com/500/news/headland-asian-ventures-puts-rs-40cr-in-microqual-techno

7. India Infoline http://www.indiainfoline.com/Markets/News/Headland-Capital-Partners-invests-Rs.-400mn-in-Microqual-Techno/5017510421

8. Venture Intelligence http://ventureintelligence.blogspot.com/2010/12/deal-alert-headland-capital-invests.html

9. MSN News http://news.in.msn.com/business/article.aspx?cp-documentid=4679104

10. Yahoo News http://in.news.yahoo.com/headland-invests-rs-40-cr-microqual-techno.html

11. Deal Curry http://www.dealcurry.com/20101210-Telecom-Infra-Firm-Microqual-Techno-Raises-Rs-40-Cr-From-Headland-Asian-Ventures.htm

12. Telecom Knight http://telecomknight.com/?p=1228

13. Silobreaker http://www.silobreaker.com/telecom-infra-firm-microqual-techno-raises-rs-40-cr-from-headland-asian-ventures-5_2263926046107631727

14. Alt Assets http://www.altassets.net/private-equity-blogs/viewrss/59339.html

15. Feed Age http://www.feedage.com/feeds/9094990/vccircle-feeds

16. M Profit http://www.mprofitindia.com/view-post.php

17. Connect.in http://connect.in.com/sbi/news-299637-1-2.html

Publication The Hindu Business Line Date December 10, 2010 Edition Mumbai, New Delhi, Kolkata, Bangalore, Chennai,

Hyderabad, Kochi, Pune Page no. 11

Publication Financial Express Date December 10, 2010 Edition Mumbai Page no. 6

Publication Mint Date December 11, 2010 Edition Mumbai, Ahmedabad Page no. 11

Publication Western Times Date December 12, 2010 Edition Ahmedabad Page no. 3

Website Press Trust of India Link

Headland invests Rs 40-crore in Microqual Techno Mumbai, Dec 9 (PTI) Telecom infrastructure provider, Microqual Techno, today said it has raised growth funding of Rs 40-crore from a wholly-owned subsidiary of Headland Asian Ventures Fund 3(HAV3), a fund advised by Headland Capital Partners (Headland). The funds will be utilised for expansion in Bangladesh, Nepal, Africa and other emerging markets, strategic acquisitions and implementing newer technologies, the company said in a statement here. This is the second round of funding received by Microqual which is a comprehensive infrastructure solutions provider for the Indian telecommunications sector. Its clients include all major telecom carriers, it said. The company had secured the first funding in July 2007 from IndoUS Venture Partners, JAFCO Investment (Asia-Pacific) and BTS India Private Equity Fund. Ernst & Young India were the exclusive financial advisors to Microqual for this round of Series B funding. "The telecom industry continues to grow at a rapid pace and has a long-term potential both in Indian and emerging markets. To be a differentiator in the telecom industry, we believe that we have to think out of the box to drive costs down for our clients. We would like to use existing resources for alternate applications which will enable us to continue to redefine competition," Microqual Techno's Founder and CEO, Mahesh Choudhary, said

Website The Hindu Business Line Link http://www.thehindubusinessline.com/2010/12/10/stories/20101

21052861100.htm

Microqual Techno raises Rs 40 cr Our Bureau Mumbai, Dec. 9 Telecom infrastructure company Microqual Techno has raised Rs 40 crore from a wholly owned subsidiary of a fund advised by Headland Capital Partners. Microqual will use the funds for expansion (in Bangladesh, Nepal, Africa and other emerging markets), strategic acquisitions, and implementing of new technologies, according to a press statement. The companies did not disclose the stake Headland would pick up in Microqual. “We were attracted to Microqual due to its ability to understand and address the opportunities in the dynamic telecom sector. We look forward to working closely with the management team to realise their business and growth aspirations,” said Mr Alok Gupta, Partner of Headland. The company had secured the first funding in July 2007 from IndoUS Venture Partners, JAFCO Investment (Asia Pacific) Ltd and BTS India Private Equity Fund.

Website VCCircle Link http://www.vccircle.com/500/news/headland-asian-ventures-puts-

rs-40cr-in-microqual-techno

Headland Asian Ventures Puts Rs 40Cr In Microqual Techno December 09 2010, 18:23:00 IST| Shrija Agrawal

The telecom infrastructure solutions provider is looking at strategic acquisitions and a listing in 2011.

Headland Asian Ventures Fund 3 Limited (HAV3), a fund advised by Headland Capital Partners Limited (Headland) (formerly HSBC Private Equity (Asia) Limited) has invested Rs 40 crore in Microqual Techno Ltd, a telecom infrastructure provider. Sources close to the development told VCCircle that the PE fund has picked up a minority stake less than 15%, valuing the company at around Rs 300 crore.

This is the second round of institutional funding into Microqual, which raised an undisclosed amount from IndoUS Venture Partners, JAFCO Investment (Asia Pacific) Ltd and BTS India Private Equity Fund in July 2007. None of the investors have exited in the current round of capital infusion, Mahesh Choudhary, Founder and CEO, Microqual Techno told VCCircle.

This is also the first deal after the management team of HSBC Private Equity (Asia) Limited or HPEA, the regional PE arm of HSBC Group Holdings PLC (HBC), completed its buyout of the company and re-christened it Headland Capital Partners Ltd.

Headquartered in Mumbai, Microqual Techno Ltd. is a total product and service provider of end-to-end infrastructure solutions to wireless telecommunication operators (GSM, CDMA, WiMax and 3G) with strong execution capabilities. It manufactures and supplies passive microwave components, radio frequency antennas and cables, in-building solutions materials, tower accessories, electrical and mechanical site materials required for telecom infrastructure installation.

It also provides complete lifecycle of services from site implementation, managed services, engineering, procurement & construction and project management. Microqual has three manufacturing facilities at Aurangabad, Bengaluru and Rudrapur, and a R&D department at Bengaluru.

About 50% of the revenues comes from the development of products and the rest from the services. The company registered revenues of about Rs 250 crore last year and has a projection of about Rs 350 crore in the next year, Choudhary added. Choudhary added that they will come up with a public offering in 2011.

"The objective of our company is to reduce opex, capex, and space (ROCS) for its customers by bundling its products with services and offering end-to-end solutions under a single umbrella," said Choudhary.

The monies raised in this funding will be utilised for expansion in Bangladesh, Nepal, Africa & other emerging markets, strategic acquisitions, and implementing newer technologies. Choudhary added that the company is charting an inorganic growth plan and is looking at acquisition opportunities which provide them with “new concepts, new technologies and newer areas”. It is looking for technology solutions such as those which can provide multi- antennae sharing and even those that can reduce the time in building up of towers.

Choudary added that much of the focus will be on product enhancement, R&D, inorganic expansion and foraying into newer geographies both internationally and domestically. At present, the company is looking to expand more deeply into the Northern and Western regions of the country.

Microqual clientele consists of Airtel, orange, Reliance Infocomm, BPL Mobile among others on the cellulars service providers side and Ericsson, Alcatel and Nokia among others on the OEM side.

Telecom infrastructure providers have seen a huge traction by PE funds in the recent past. Some of the deals in the space include : Macquarie-SBI Infrastructure Fund's infusion of $30.4 million into Viom Networks, Small Industries Development Bank of India putting in $0.2 million in SM Wireless Solutions and Zephyr Peacock India fund II investing $4.8million into SM Wireless Solutions.

Website India Infoline Link http://www.indiainfoline.com/Markets/News/Headland-Capital-

Partners-invests-Rs.-400mn-in-Microqual-Techno/5017510421

Headland Capital Partners invests Rs. 400mn in Microqual Techno

India Infoline News Service / 19:02 , Dec 10, 2010 This is the second round of funding received by Microqual which is a comprehensive infrastructure solutions provider for the Indian telecommunications sector.

Microqual Techno Ltd. one of India’s leading telecom infrastructure providers has raised growth funding of Rs. 400mn from a wholly owned subsidiary of The Headland Asian Ventures Fund 3 Limited (HAV3), a fund advised by Headland Capital Partners Limited (Headland) (formerly HSBC Private Equity (Asia) Limited).

This is the second round of funding received by Microqual which is a comprehensive infrastructure solutions provider for the Indian telecommunications sector. Its clients include all major telecom carriers.

The funds will be utilised for expansion in Bangladesh, Nepal, Africa & other emerging markets, strategic acquisitions, and implementing newer technologies. The company had secured the first funding in July 2007 from IndoUS Venture Partners, JAFCO Investment (Asia Pacific) Ltd. and BTS India Private Equity Fund.

Speaking on the development Mr. Mahesh Choudhary, Founder and CEO of Microqual Techno Ltd. said, “The telecom industry continues to grow at a rapid pace and has a long term potential both in Indian and emerging markets. To be a differentiator in the telecom industry we believe that we have to think out of the box to drive costs down for our clients. We would like to use existing resources for alternate applications which will enable us to continue to redefine competition.”

He added, “We have been able to grow the company from strength to strength by working on the core problems of our customers and designing innovative solutions to address the same. Microqual fully understands the changing needs of mobile operators in an ever increasing price competitive environment and their customer’s need to build and operate networks with optimal investment and yet “go to market” in shortest timeframe.”

James Savage, Partner of Headland also commented on the investment, “Microqual has grown into a leading provider of telecom infrastructure products and services in the

Indian market. With some exciting new products and innovative services being launched in India and significant potential to service its customers overseas, we believe that Microqual is well positioned to capitalise on these opportunities.”

Alok Gupta, Partner of Headland based in Mumbai also commented on the investment, “We were attracted to Microqual due to its ability to understand and address the opportunities in the dynamic telecom sector. We look forward to working closely with the management team to realize their business and growth aspirations.”

Since inception in 1999, Microqual has demonstrated rapid growth from being just a component supplier to becoming one of India’s leading total service providers of telecom infrastructure.

Ernst & Young India were the exclusive financial advisors to Microqual for this round of Series B funding as well as the Series A round in 2007.

Website Venture Intelligence Link http://ventureintelligence.blogspot.com/2010/12/deal-alert-

headland-capital-invests.html

Deal Alert: Headland Capital invests Rs.40-Cr in Microqual Techno

D e c e m b e r 0 9 , 2 0 1 0 Microqual Techno Ltd. one of India’s leading telecom infrastructure providers has raised growth funding of Rs. 40 crore from a wholly owned subsidiary of The Headland Asian Ventures Fund 3 Limited (HAV3), a fund advised by Headland Capital Partners Limited (Headland) (formerly HSBC Private Equity (Asia) Limited). This is the second round of funding received by Microqual which is a comprehensive infrastructure solutions provider for the Indian telecommunications sector. Its clients include all major telecom carriers. The funds will be utilised for expansion in Bangladesh, Nepal, Africa & other emerging markets, strategic acquisitions, and implementing newer technologies. The company had secured the first funding in July 2007 from IndoUS Venture Partners, JAFCO Investment (Asia Pacific) Ltd. and BTS India Private Equity Fund. Ernst & Young India were the exclusive financial advisors to Microqual for this round of Series B funding as well as the Series A round in 2007. Speaking on the development Mr. Mahesh Choudhary, Founder and CEO of Microqual Techno Ltd. said, “The telecom industry continues to grow at a rapid pace and has a long term potential both in Indian and emerging markets. To be a differentiator in the telecom industry we believe that we have to think out of the box to drive costs down for our clients. We would like to use existing resources for alternate applications which will enable us to continue to redefine competition.” He added, “We have been able to grow the company from strength to strength by working on the core problems of our customers and designing innovative solutions to address the same. Microqual fully understands the changing needs of mobile operators in an ever increasing price competitive environment and their customer’s need to build and operate networks with optimal investment and yet “go to market” in shortest timeframe.” James Savage, Partner of Headland also commented on the investment, “Microqual has grown into a leading provider of telecom infrastructure products and services in the Indian market. With some exciting new products and innovative services being launched

in India and significant potential to service its customers overseas, we believe that Microqual is well positioned to capitalise on these opportunities.” Alok Gupta, Partner of Headland based in Mumbai also commented on the investment, “We were attracted to Microqual due to its ability to understand and address the opportunities in the dynamic telecom sector. We look forward to working closely with the management team to realize their business and growth aspirations.” Since inception in 1999, Microqual has demonstrated rapid growth from being just a component supplier to becoming one of India’s leading total service providers of telecom infrastructure.

Website MSN News Link http://news.in.msn.com/business/article.aspx?cp-

documentid=4679104

Headland invests Rs 40 cr in Microqual Techno Mumbai, Dec 9 (PTI) Telecom infrastructure provider Microqual Techno today said it has raised growth funds to the tune of Rs 40 crore from a wholly-owned subsidiary of Headland Asian Ventures Fund 3(HAV3). The funds will be utilised for expansion in Bangladesh, Nepal, Africa and other emerging markets, strategic acquisitions and implementing newer technologies, the company said in a statement here. This is the second round of funding received by Microqual which is a comprehensive infrastructure solutions provider for the Indian telecommunications sector. Its clients include all major telecom carriers, it said. The company had secured the first funding in July 2007 from IndoUS Venture Partners, JAFCO Investment (Asia-Pacific) and BTS India Private Equity Fund. Ernst & Young India were the exclusive financial advisors to Microqual for this round of Series B funding.

Website Yahoo News Link http://in.news.yahoo.com/headland-invests-rs-40-cr-microqual-

techno.html

Headland invests Rs 40 cr in Microqual Techno

PTI – Fri, Dec 10 12:09 AM IST

Mumbai, Dec 9 (PTI) Telecom infrastructure provider Microqual Techno today said it has raised growth funds to the tune of Rs 40 crore from a wholly-owned subsidiary of Headland Asian Ventures Fund 3(HAV3).

The funds will be utilised for expansion in Bangladesh, Nepal, Africa and other emerging markets, strategic acquisitions and implementing newer technologies, the company said in a statement here.

This is the second round of funding received by Microqual which is a comprehensive infrastructure solutions provider for the Indian telecommunications sector. Its clients include all major telecom carriers, it said.

The company had secured the first funding in July 2007 from IndoUS Venture Partners, JAFCO Investment (Asia-Pacific) and BTS India Private Equity Fund.

Ernst & Young India were the exclusive financial advisors to Microqual for this round of Series B funding.

Website Deal Curry Link http://www.dealcurry.com/20101210-Telecom-Infra-Firm-

Microqual-Techno-Raises-Rs-40-Cr-From-Headland-Asian-Ventures.htm

Telecom Infra Firm Microqual Techno Raises Rs 40 Cr From Headland Asian Ventures

by Irfan Khan | December 10,2010 - 11:54 AM

Telecom infrastructure company Microqual Techno Limited has raised Rs.40 Cr from Headland Asian Ventures Fund 3 Limited (HAV3), a fund advised by Headland Capital Partners Limited (Headland) (formerly HSBC Private Equity (Asia) Limited) . Microqual will use the funds for expansion in Bangladesh, Nepal, Africa and other emerging markets, strategic acquisitions and implementing of new technologies. This is the second round of funding received by Microqual. The company had secured the first funding in July 2007 from IndoUS Venture Partners, JAFCO Investment (Asia Pacific) Ltd and BTS India Private Equity Fund.

Ernst & Young India were the exclusive financial advisors to Microqual for this round of Series B funding as well as the Series A round in 2007.

Transaction Reference: The Hindu Business Line

TRANSACTION NOTE

Mumbai-based Microqual Techno Ltd. is a comprehensive infrastructure solutions provider in the telecommunications sector. It manufactures and supplies passive microwave components, radio frequency antennas and cables, in-building solutions materials, tower accessories, electrical and mechanical site materials required for telecom infrastructure installation

It also provides complete lifecycle of services from site implementation, managed services, engineering, procurement & construction and project management. Microqual has three manufacturing facilities at Aurangabad, Bengaluru and Rudrapur, and a dedicated R&D department at Bengaluru.

Microqual client list includes Airtel, Reliance Infocomm, BPL Mobile, Ericsson, Alcatel, Nokia and others.

Last week, the management of HSBC Private Equity (Asia) Ltd, the regional private equity (PE) arm of HSBC Group Holdings PLC, bought the PE business from the bank and renamed it Headland Capital Partners Ltd.

Headland Capital Partners is planning to launch a dedicated India-focused venture capital (VC) fund

This year, in the telecom infrastructure space, Macquarie-SBI Infrastructure Fund invested $30.4 Mn into Viom Networks for 11% stake and Zephyr Peacock invested in Metro Wireless Engineering.

Website Telecom Knight Link http://telecomknight.com/?p=1228

Microqual Techno get Rs 40 crore funding from Headland Capital Partners

Microqual Techno Ltd, a telecom infrastructure provider, has received Rs 40 crore (400 million rupees) of funding from a wholly-owned subsidiary of The Headland Asian Ventures Fund 3 Limited (HAV3).

The funds will be utilised for expansion in Bangladesh, Nepal, Africa and other emerging markets, strategic acquisitions and implementing newer technologies, Microqual Techno said in a statement.

HAV3 is a fund advised by Headland Capital Partners Ltd (formerly HSBC Private Equity (Asia) Ltd).

“The telecom industry continues to grow at a rapid pace and has a long term potential both in Indian and emerging markets. To be a differentiator in the telecom industry we believe that we have to think out of the box to drive costs down for our clients. We would like to use existing resources for alternate applications which will enable us to continue to redefine competition,” Mahesh Choudhary, CEO, Microqual Techno said.

“We have been able to grow the company from strength to strength by working on the core problems of our customers and designing innovative solutions to address the same. Microqual fully understands the changing needs of mobile operators in an ever increasing price competitive environment and their customer’s need to build and operate networks with optimal investment and yet go-to-market in shortest timeframe,” he said.

This is the second round of funding for Microqual, as the company had secured another funding in July 2007 from IndoUS Venture Partners, JAFCO Investment (Asia Pacific) Ltd and BTS India Private Equity Fund.

Website Silo Breaker Link http://www.silobreaker.com/telecom-infra-firm-microqual-

techno-raises-rs-40-cr-from-headland-asian-ventures-5_2263926046107631727

Telecom Infra Firm Microqual Techno Raises Rs 40 Cr From Headland Asian Ventures

Telecom infrastructure company Microqual Techno Limited has raised Rs.40 Cr

from Headland Asian Ventures Fund 3 Limited (HAV3), a fund advised by

Headland Capital Partners Limited (Headland) (formerly HSBC Private

Equity (Asia) Limited) .

Microqual will use the funds for expansion in Bangladesh, Nepal, Africa and other

emerging markets, strategic acquisitions and implementing of new technologies.

This is the second round of funding received by Microqual. The company had secured

the first funding in July 2007 from IndoUS Venture Partners, JAFCO Investment

(Asia Pacific) Ltd and BTS India Private Equity Fund.

Ernst & Young India were the exclusive financial advisors to Microqual for this round

of Series B funding as well as the Series A round in 2007.

Website Alt Assets Link http://www.altassets.net/private-equity-blogs/viewrss/59339.html

Headland Asian Ventures Puts Rs 40Cr In Microqual Techno December 10 2010, 09:23:00 IST | SHRIJA AGRAWAL

The telecom infrastructure solutions provider is looking at strategic acquisitions and a listing in 2011.

Headland Asian Ventures Fund 3 Limited (HAV3), a fund advised by Headland Capital Partners Limited (Headland) (formerly HSBC Private Equity (Asia) Limited) has invested Rs 40 crore in Microqual Techno Ltd, a telecom infrastructure provider. Sources close to the development told VCCircle that the PE fund has picked up a minority stake less than 15%, valuing the company at around Rs 300 crore.

This is the second round of institutional funding into Microqual, which raised about Rs 40 crores from IndoUS Venture Partners, JAFCO Investment (Asia Pacific) Ltd and BTS India Private Equity Fund in July 2007. None of the investors have exited in the current round of capital infusion, Mahesh Choudhary, Founder and CEO, Microqual Techno told VCCircle.

This is also the first deal of HSBC Private Equity under a new brand name- Headland Capital Partners. Recently, the management team of HSBC Private Equity (Asia) Limited or HPEA, the regional PE arm of HSBC Group Holdings PLC (HBC), completed its buyout of the company and re-christened it Headland Capital Partners Ltd.

Headquartered in Mumbai, Microqual Techno Ltd. is a total product and service provider of end-to-end infrastructure solutions to wireless telecommunication operators (GSM, CDMA, WiMax and 3G) with strong execution capabilities. It manufactures and supplies passive microwave components, radio frequency antennas and cables, in-building solutions materials, tower accessories, electrical and mechanical site materials required for telecom infrastructure installation.

It also provides complete lifecycle of services from site implementation, managed services, engineering, procurement & construction and project management. Microqual has three manufacturing facilities at Aurangabad, Bengaluru and Rudrapur, and a R&D department at Bengaluru.

About 50% of the revenues comes from the development of products and the rest from the services. The company registered revenues of about Rs 235 crore last year and has a projection of about Rs 350 crore in the next year, Choudhary added. Choudhary added that they will come up with a public offering in 2011.

"The objective of our company is to reduce opex, capex, and space (ROCS) for its customers by bundling its products with services and offering end-to-end solutions under a single umbrella," said Choudhary.

The monies raised in this funding will be utilised for expansion in Bangladesh, Nepal, Africa & other emerging markets, strategic acquisitions, and implementing newer technologies. Choudhary added that the company is charting an inorganic growth plan and is looking at acquisition opportunities which provide them with “new concepts, new technologies and newer areas”. It is looking for technology solutions such as those which can provide multi- antennae sharing and even those that can reduce the time in building up of towers.

Choudary added that much of the focus will be on product enhancement, R&D, inorganic expansion and foraying into newer geographies both internationally and domestically. At present, the company is looking to expand more deeply into the Northern and Western regions of the country.

Microqual clientele consists of Airtel, orange, Reliance Infocomm, BPL Mobile among others on the cellulars service providers side and Ericsson, Alcatel and Nokia among others on the OEM side.

Telecom infrastructure providers have seen a huge traction by PE funds in the recent past. Some of the deals in the space include : Macquarie-SBI Infrastructure Fund's infusion of $30.4 million into Viom Networks, Small Industries Development Bank of India putting in $0.2 million in SM Wireless Solutions and Zephyr Peacock India fund II investing $4.8million into Metro Wireless Engineering.

Website Feed Age Link http://www.feedage.com/feeds/9094990/vccircle-feeds

Headland Asian Ventures Puts Rs 40Cr In Microqual Techno

Thu, 09 Dec 2010 18:27:26 +0530

Headland Asian Ventures Fund 3 Limited (HAV3), a fund advised by Headland Capital Partners Limited (Headland) (formerly HSBC Private Equity (Asia) Limited) has invested Rs 40 crore in Microqual Techno Ltd, a telecom infrastructure provider. Sources close to the development told VCCircle that the PE fund has picked up a minority stake less than 15%, valuing the company at around Rs 300 crore. This is the second round of institutional funding into Microqual, which raised about Rs 40 crores from IndoUS Venture Partners, JAFCO Investment (Asia Pacific) Ltd and BTS India Private Equity Fund in July 2007. None of the investors have exited in the current round of capital infusion, Mahesh Choudhary, Founder and CEO, Microqual Techno told VCCircle. This is also the first deal of HSBC Private Equity under a new brand name- Headland Capital Partners. Recently, the management team of HSBC Private Equity (Asia) Limited or HPEA, the regional PE arm of HSBC Group Holdings PLC (HBC), completed its buyout of the company and re-christened it Headland Capital Partners Ltd. Headquartered in Mumbai, Microqual Techno Ltd. is a total product and service provider of end-to-end infrastructure solutions to wireless telecommunication operators (GSM, CDMA, WiMax and 3G) with strong execution capabilities. It manufactures and supplies passive microwave components, radio frequency antennas and cables, in-building solutions materials, tower accessories, electrical and mechanical site materials required for telecom infrastructure installation. It also provides complete lifecycle of services from site implementation, managed services, engineering, procurement & construction and project management. Microqual has three manufacturing facilities at Aurangabad, Bengaluru and Rudrapur, and a R&D department at Bengaluru. About 50% of the revenues comes from the development of products and the rest from the services. The company registered revenues of about Rs 235 crore last year and has a projection of about Rs 350 crore in the next year, Choudhary added. Choudhary added that they will come up with a public offering in 2011. "The objective of our company is to reduce opex, capex, and space (ROCS) for its customers by bundling its products with services and offering end-to-end solutions under a single umbrella," said Choudhary.

The monies raised in this funding will be utilised for expansion in Bangladesh, Nepal, Africa & other emerging markets, strategic acquisitions, and implementing newer technologies. Choudhary added that the company is charting an inorganic growth plan and is looking at acquisition opportunities which provide them with “new concepts, new technologies and newer areas”. It is looking for technology solutions such as those which can provide multi- antennae sharing and even those that can reduce the time in building up of towers. Choudary added that much of the focus will be on product enhancement, R&D, inorganic expansion and foraying into newer geographies both internationally and domestically. At present, the company is looking to expand more deeply into the Northern and Western regions of the country. Microqual clientele consists of Airtel, orange, Reliance Infocomm, BPL Mobile among others on the cellulars service providers side and Ericsson, Alcatel and Nokia among others on the OEM side. Telecom infrastructure providers have seen a huge traction by PE funds in the recent past. Some of the deals in the space include: Macquarie-SBI Infrastructure Fund's infusion of $30.4 million into Viom Networks, Small Industries Development Bank of India putting in $0.2 million in SM Wireless Solutions and Zephyr Peacock India fund II investing $4.8million into Metro Wireless Engineering.

Website M Profit Link http://www.mprofitindia.com/view-post.php

Microqual Techno raises Rs 40 cr

Our Bureau Mumbai, Dec. 9

Telecom infrastructure company Microqual Techno has raised Rs 40 crore from a wholly owned subsidiary of a fund advised by Headland Capital Partners.

Microqual will use the funds for expansion (in Bangladesh, Nepal, Africa and other emerging markets), strategic acquisitions, and implementing of new technologies, according to a press statement.

The companies did not disclose the stake Headland would pick up in Microqual.

“We were attracted to Microqual due to its ability to understand and address the opportunities in the dynamic telecom sector. We look forward to working closely with the management team to realise their business and growth aspirations,” said Mr Alok Gupta, Partner of Headland.

The company had secured the first funding in July 2007 from IndoUS Venture Partners, JAFCO Investment (Asia Pacific) Ltd and BTS India Private Equity Fund.

Website Connect. In Link http://connect.in.com/sbi/news-299637-1-2.html

Headland Asian Ventures Puts Rs 40Cr In Microqual Techno The telecom infrastructure solutions provider is looking at strategic acquisitions and a listing in 2011. Headland Asian Ventures Fund 3 Limited (HAV3), a fund advised by Headland Capital Partners Limited (Headland) (formerly HSBC Private Equity (Asia) Limited) has invested Rs 40 crore in Microqual Techno Ltd, a telecom infrastructure provider. Sources close to the development told VCCircle that the PE fund has picked up a minority stake less than 15%, valuing the company at around Rs 300 crore. This is the second round of institutional funding into Microqual, which raised about Rs 40 crores from IndoUS Venture Partners, JAFCO Investment (Asia Pacific) Ltd and BTS India Private Equity Fund in July 2007. None of the investors have exited in the current round of capital infusion, Mahesh Choudhary, Founder and CEO, Microqual Techno told VCCircle. This is also the first deal of HSBC Private Equity under a new brand name- Headland Capital Partners. Recently, the management team of HSBC Private Equity (Asia) Limited or HPEA, the regional PE arm of HSBC Group Holdings PLC (HBC), completed its buyout of the company and re-christened it Headland Capital Partners Ltd. Headquartered in Mumbai, Microqual Techno Ltd. is a total product and service provider of end-to-end infrastructure solutions to wireless telecommunication operators (GSM, CDMA, WiMax and 3G) with strong execution capabilities. It manufactures and supplies passive microwave components, radio frequency antennas and cables, in-building solutions materials, tower accessories, electrical and mechanical site materials required for telecom infrastructure installation.