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Mumbai, Feb 4:
India Value Fund Advisors (IVFA) has teamed up with Hicare founder A Mahendran to acquire the pest control company from Danish multinational ISS Global. The deal, including primary growth capital, is worth around Rs 200 crore.
ISS Hicare is currently India's second largest pest control services provider according to IVFA. It operates across 27 cities and serves more than 100,000 residential customers and 10,000 commercial customers.
The Indian pest control industry is estimated at $166 million (around Rs 1,038 crore) in size and growing at around 15 per cent annually, driven by the countrys large and growing urban population, rising income levels and improving awareness of health and safety issues.
The market has historically been serviced either by do it yourself products, such as insecticide sprays, or the unorganised local players. With only two national players, Pest Control of India and Hicare in the market, two multinationals Rentokil and SIS-Terminix are also present.
Hicare was founded by Godrej Industries and Mahendran Holdings in 2004, where Mahendran was a co promoter of the company along with Godrej Industries, to provide pest control services. Mahendran built up the business when he was a managing director at Godrej. The company was later acquired by Danish multinational ISS Global in 2009.
IVFA, that manage over $1.2 billion in assets, has joined hands with Mahendran through GoodLife Products Limited, a group company of Mahendran Holdings Limited.
Vikram Nirula and Haresh Chawla from IVFA have joined as Directors on the board of the company and Mahendran would be Chairman. The private equity firm would support the expansion of Hicare's branch network and the introduction of new services and products.
(This article was published on February 4, 2014)
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IVFA teams up with Hicare founder to acquire pest control firm
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Newswise The Sustainable Sites Initiative (SITES) program has certified landscapes at a federal courthouse in New Mexico, a Washington, D.C. elementary school, a campus plaza in Washington, D.C., and an urban plaza in Washington state.
The four projects certified by the nations most comprehensive rating system for sustainable landscapes are at: Albuquerques Pete V. Domenici U.S. Courthouse, which received a two star certification; Brent Elementary School in Washington D.C., which received one star; Square 80 Plaza at The George Washington University, also in D.C. with one star; and East Bay Public Plaza in Olympia, Washington, with one star.
The SITES program is a collaboration of the American Society of Landscape Architects, the Lady Bird Johnson Wildflower Center of The University of Texas at Austin, and the United States Botanic Garden. The program was created to fill a critical need for a comprehensive set of guidelines and a system for recognizing sustainable landscapes based on their planning, design, construction and intended maintenance. This voluntary national rating system and set of performance benchmarks can be applied to projects of all sizes and on sites with or without buildings.
"It is exciting to see a growing number of projects across the country that have applied an integrative design process to meet rigorous sustainability guidelines, while finding ways to address urgent environmental and social challenges," said SITES Program Director Danielle Pieranunzi, who is based at the Wildflower Center. We are thrilled to certify these four new projects that truly exemplify the breadth of approaches to sustainable site design and development.
The newly certified projects applied the 2009 SITES Guidelines and Performance Benchmarks and met the requirements for pilot certification. There are now 30 landscape projects at universities, businesses and public spaces that have achieved this recognition. The SITES rating system was created by dozens of the countrys leading sustainability experts, scientists and design professionals.
The four newly certified projects each incorporate sustainable features that were evaluated using a rating system with certification levels of one to four stars. These landscape projects include the following sustainable features:
Pete V. Domenici United States Courthouse Sustainable Landscape Renovation, Two Stars, Rios Clementi Hale Studios, Albuquerque, N.M. This federal courthouse is the first project constructed by the General Services Administration to achieve SITES certification. Originally constructed in 1998, the underutilized hardscaped plazas, overwatered lawns and faulty water feature of the existing courthouse exemplified resource inefficiency, disconnection from its environment, and distance from the public. The landscape renovation reconceives the site as a cohesive park-like landscape rooted within the rich cultural, climatic and hydrological fabric of the Rio Grande Basin. Innovative strategies include the selective removal and re-use of excess concrete paving to create seat wall terraces which direct site storm water into a series of native habitat rain gardens. The project creates a bold landscape and dignified setting for court operations while enhancing the efficiency and sustainable operations through improved water management, decreased energy use and increased urban habitat.
Brent Elementary Schoolyard Greening, One Star, Sustainable Life Designs, Washington, D.C. Located five blocks from the nations Capitol, this greyfield site with asphalt dominated grounds was transformed into a sustainable landscape that educates students, parents, and neighborhood residents about green infrastructure. Improvements include the removal of 1,600 square feet of asphalt and the installation of pollinator gardens, stormwater management features, new play equipment, and 7,000 square feet of outdoor classrooms to enhance outdoor play and learning that were achieved through numerous volunteer hours. The stormwater management features include a rain garden, rain barrel, and bio-retention swale. A formerly trash-strewn space behind the school building is now an urban canyon" that helps manage stormwater and provides native habitat.
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Four Landscape Projects Bring Total to 30 Certified by National Sustainability Rating System
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