Reliance Jio: From Facebook to L Catterton, here's a list of all ten investors in Jio Platforms
L Catterton, the world’s largest consumer-focused private equity firm, will invest Rs 1,894.50 crore in exchange for a 0.39 percent stake in Jio Platforms, a record tenth investment in the Reliance Industries (RIL) digital unit in seven weeks.
RIL, the oil-to-retail-to-telecom conglomerate, has now sold 22.38 percent stake in Jio and collected Rs 104,326.65 crore from some of the world’s top technology investors in the largest continuous fundraising by a company anywhere in the world.
The investment by L Catterton, which has made more than 200 investments in leading consumer brands, in Jio Platforms is at an equity valuation of Rs 4.91 lakh crore and an enterprise valuation of Rs 5.16 lakh crore. It comes in the span of a little less than two hours after private equity firm TPG invested Rs 4,546.80 crore for a 0.93 percent stake.
Jio Platforms is the telecom unit of billionaire Mukesh Ambani's Reliance Industries (RIL).
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This is Jio Platforms' tenth deal in seven weeks, following investments from Facebook Inc, General Atlantic, Silver Lake, Vista Equity Partners, KKR and Mubadala Investment Company, ADIA and TPG Capital which also announced an investment on June 13.
Here's a summary of the ten investments Jio Platforms has received:
Facebook-Jio deal
The California-based company invested $5.7 billion (Rs 43,574 crore) into Jio Platforms for a 9.9 percent stake in the company.
The transaction, announced on April 22, is the largest of the six investments. It was also Facebook's biggest bet since it acquired messaging platform WhatsApp in 2014.
The deal also made Facebook the largest minority shareholder in Jio Platforms.
Jio-Silver Lake deal
Silver Lake Partners acquired a 1.15 percent stake in Jio Platforms for Rs 5,655.75 crore ($750 million).
Jio-Vista deal
Vista Equity Partners bought a 2.32 percent stake in Jio Platforms for Rs 11,367 crore.
Jio-General Atlantic deal
Private equity firm General Atlantic picked up a 1.34 percent stake in Jio Platforms for 6,598.38 crore.
Jio-KKR deal
KKR acquired a 2.32 percent stake in Jio Platforms for Rs 11,367 crore, similar to the deal made with Vista Equity Partners.
Jio-Mubadala deal
The deal with the Abu Dhabi-based sovereign investor, announced on June 5, valued Jio Platforms at an equity value of Rs 4.91 lakh crore and an enterprise value of Rs 5.16 lakh crore.
Facebook 's investment had valued Jio Platforms at a pre-money enterprise value of Rs 4.62 lakh crore ($65.95 billion).
Jio-Silver Lake deal 2.0
Silver Lake will invest an additional Rs 4,546.8 crore in Jio Platforms for 0.93 percent stake. The aggregate investment by Silver Lake is now Rs 10,202.55 crore for a 2.08 percent stake in Jio Platforms.
Jio-ADIA deal
Abu Dhabi Investment Authority (ADIA) will pump Rs 5,683.5 crore into Jio Platforms.
ADIA’s investment at an equity valuation of Rs 4.91 lakh crore and enterprise valuation of Rs 5.16 lakh crore.
Jio-TPG Capital dealTPG’s investment in Jio is Rs 4,546.80 crore for a 0.93 percent stake assigning it an equity valuation of Rs 4.91 lakh crore and an enterprise valuation of Rs 5.16 lakh crore.
Jio-L Catterton deal
L Catterton will invest Rs 1,894.50 crore in exchange for a 0.39 percent stake in Jio Platforms, a record tenth investment in the Reliance Industries (RIL) digital unit in seven weeks.
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