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M&A

Swiggy, Pepperfry attract VC funding; Adani buys Oz port operator

September 24, 2016 | Keshav Sunkara

The week saw its fair share of prominent deals involving companies including Pepperfry, DEN Networks, Aptus Value Housing Finance and Swiggy.

Morepen in talks to sell OTC business

September 23, 2016 | Ranjani Raghavan

Morepen Laboratories is in advanced discussions to sell its over the counter (OTC) business to Piramal Enterprises. 

The firm has hired consulting firm Deloitte to find buyers for its OTC business, according to separate media reports. 

Vedanta unit Hindustan Zinc plans to sell wind energy assets

September 23, 2016 | Rounak Kumar Gunjan

In a sign of growing consolidation in the Indian clean energy space, Hindustan Zinc Ltd (HZL), a subsidiary of Vedanta Resources Plc, is exploring the sale of its wind power projects and has appointed IDFC Ltd to carry out the mandate.

Wipro’s consumer arm acquires Chinese FMCG firm

September 22, 2016 | Debjyoti Roy

Wipro Consumer Care & Lighting (WCCL), part of billionaire Azim Premji-led Wipro Group, has acquired Chinese fast moving consumer goods (FMCG) company Zhongshan Ma Er Daily Products Ltd, in an all-cash deal.

Future Group acquires retail chain Sangam Direct

September 22, 2016 | Debjyoti Roy

Kishore Biyani-led Future Group has bought Sangam Direct, a chain of retail stores earlier known as Sabka Bazaar, from Wadhawan Retail Ventures Pvt. Ltd for an undisclosed amount, two media reports said.

Edelweiss to acquire Ambit Alpha hedge fund

September 22, 2016 | TEAM VCC

Financial services group Edelweiss has agreed to acquire Ambit Investment Advisors' flagship hedge fund, Ambit Alpha Fund, the two companies said on Thursday.

The companies didn’t disclose financial terms of the transaction.

Essel Propack buys out partner in European JV

September 21, 2016 | Debjyoti Roy

Essel Propack, a manufacturer of laminated and seamless or extruded plastic tubes, has acquired 75.1% stake it did not own in its European joint venture Essel Deutschland Germany (EDG), it said on Wednesday.

Healthcare M&As, IPOs stay buoyant; PE/VC deals dwindle

September 21, 2016 | Joseph Rai

Merger and acquisition activity in India’s healthcare sector has remained buoyant so far this year and back-to-back successful initial public offerings have indicated strong investor appetite, although private equity and venture capital deals have slowed in line with other sectors.

Exclusive: Sagar Ratna promoter buys out PE firm; might merge with Shree Rathnam

September 21, 2016 | Debjyoti Roy

Jayaram Banan, founder of popular south Indian restaurant chain Sagar Ratna, has bought back the stake held by the company’s majority stakeholder India Equity Partners (IEP), ending a long running feud between the two parties, a person privy to the development told VCCircle.

Hospitals should take structured approach to boost performance: Alvarez & Marsal report

September 21, 2016 | Ranjani Raghavan

Private hospital operators need to move from an ‘entrepreneurial, intuitive approach’ toward a more structured approach to improve performance, professional services firm Alvarez & Marsal says in a report. 

Indian Oil, GAIL to pick up 49% stake in Adani’s Dhamra LNG terminal

September 20, 2016 | PTI

State-owned refiner Indian Oil Corporation (IOC) and gas utility GAIL India Ltd will tomorrow sign a pact to take 49 per cent stake in Adani Group's Rs 5,000-crore Dhamra LNG project in Odisha.

TeamLease to acquire NichePro to boost IT staffing business

September 20, 2016 | Bruhadeeswaran R

Staffing firm TeamLease Services Ltd has agreed to buy Bengaluru-based NichePro Technologies Pvt. Ltd for Rs 29.5 crore ($4.4 million) in its second deal within three months to strengthen its information technology staffing vertical.

Adani Ports to acquire Australia’s Abbot Point Bulkcoal for $14.5 mn

September 20, 2016 | PTI

Adani Ports and Special Economic Zone (APSEZ) today said its arm APO has inked a pact to acquire Australian firm APB, which operates and maintains Abbot Point Coal Terminal in Queensland, for an estimated AUD 19.25 million (about Rs 97.5 crore).

Exclusive: S Chand & Co in talks to acquire Kolkata publishing house

September 19, 2016 | Debjyoti Roy

Education-focused publishing house S Chand & Company Pvt. Ltd is set to acquire a large regional publisher in Kolkata in what could be one of the biggest deals in the industry, a person privy to the development told VCCircle.

Dentsu Aegis Network acquires Perfect Relations

September 19, 2016 | Ranjani Raghavan

Media and digital marketing group Dentsu Aegis Network Ltd said on Monday it has acquired public relations firm Perfect Relations to strengthen its communications business in India.

Future Group may acquire retail biz of Heritage Foods

September 19, 2016 | Debjyoti Roy

Kishore Biyani-led Future Group is in advanced discussions to acquire the retail business of Hyderabad-based Heritage Foods Ltd, in what would be the retail major’s second big acquisition in southern India in two years.

OVL’s Vankor stake buy, RCom-Aircel merger dominate deals space

September 17, 2016 | Keshav Sunkara

In the deals space, the week gone by saw companies operating across sectors as diverse as finance, agriculture and cosmetics raised funding.

Axis Bank buys 13.67% stake in asset reconstruction firm ACRE for $3.4 mn

September 16, 2016 | PTI

Private sector Axis Bank will buy 13.67 per cent stake in Assets Care and Reconstruction Enterprise (ACRE) from IFCI Ltd for Rs 22.72 crore.

A share purchase agreement has been completed between the two companies for the stake transfer.

Heineken ups stake in Kingfisher beer maker for $23 mn

September 16, 2016 | Ranjani Raghavan

Dutch brewer Heineken has increased its equity stake in United Breweries Ltd by acquiring an additional 0.7% through an open market transaction on Friday, further firming up its grip over the Kingfisher beer maker.

Sheroes acquires online counselling platform LoveDoctor

September 16, 2016 | Priya Prasad

Sheroes.in, a career platform for women, said on Friday it has acquired relationship and sexual health counselling platform LoveDoctor.in.

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