19 Jun, 2013
The Leela Palace, Bengaluru
M&A
Etihad's Jet stake buy seen delayed until Aug
April 10, 2013 | Reuters
Etihad, which is expanding globally, has been in talks over an equity stake in Jet after India allowed foreign airlines to buy up to 49% in local carriers.
Spanish firm Ebro Foods buying Olam’s Indian rice mill unit for $14.5M
April 10, 2013 | Bhawna Gupta
In 2011, Olam acquired the bulk spices & private label businesses of Vallabhdas Kanji for $18 mn.
Manulife, HDFC Life in race for HSBC's stake in life insurance JV
April 10, 2013 | Reuters
HSBC, Europe's biggest bank, is selling its 26% stake valued at $200 million in a life insurance joint venture with Canara Bank Ltd and Oriental Bank of Commerce Ltd.
Pearson buys Educomp’s 50% stake in vocational education JV IndiaCan
April 09, 2013 | Bhawna Gupta
The sale comes as Educomp has been shedding assets since the beginning of this year.
Dabbagh Group to buy Gulf Oil in Saudi Arabian lubricant venture
April 09, 2013 | Reuters
Hinduja Group controlled Gulf Oil owns 49 per cent in the venture which is estimated to be valued at $700 million.
TCS to acquire French IT firm Alti for $97.5M
April 09, 2013 | Bhawna Gupta
The deal will be the largest overseas acquisition by TCS, giving Alti’s PE investors an exit.
JP Morgan-backed Leap Green Energy buys chunk of DLF’s wind power assets for $44M
April 05, 2013 | Pooja Sarkar
In January, DLF sold bulk of its wind power assets to VC-backed Bharat Light & Power.
Mahindra Holidays acquires 49% stake in Dubai-based Arabian Dreams Hotel Apartments
April 05, 2013 | TEAM VCC
MHRIL is looking to increase presence in Sri Lanka and Malaysia.
France’s Vilmorin buys remaining 39% stake in Bisco Bio Sciences for $25.4M
April 05, 2013 | Bhawna Gupta
Second Indian firm acquired by Vilmorin; last May, the French agri products firm acquired 61% stake in Bisco for an undisclosed sum.
Myntra acquires US-based virtual fitting room creator Fitiquette
April 05, 2013 | Sonam Gulati
Myntra has raised around $40 million in VC funding from Tiger Global, Kalaari Capital, IDG Ventures and Accel Partners.
Hindustan Unilever buys out local partner in Aquagel Chemicals
April 04, 2013 | Bhawna Gupta
The deal would give the FMCG firm full control over its existing product supplier.
Haribhakti Group joins hands with D B Desai Group
April 04, 2013 | Bhawna Gupta
This follows a recent split of a previous joint venture with international firm BDO Consulting, in which Haribhakti held majority stake.
McCann Worldgroup acquires database marketing firm End To End
April 04, 2013 | Bhawna Gupta
The acquisition will enable MWG India to boost its database marketing capabilities and increase its presence in the technology sector.
Qatar’s Hassad Food buys majority stake in Bush Foods; StanChart PE to exit at 3x
April 03, 2013 | Madhav A Chanchani
Hassad, owned by Qatar’s sovereign wealth fund, has valued the basmati rice maker at over $200 million.
Vienna-based Constantia to acquire 60% stake in Parikh Packaging
April 03, 2013 | Bruhadeeswaran R, Shrija Agrawal
Third acquisition by Constantia in CY2013; earlier it acquired Mexico’s Globalpack and Ohio-based Spear Group.
Soma Textiles sells Baramati unit to GTN Engineering for $5.5M
April 02, 2013 | Bhawna Gupta
The deal value is more than the market cap of the firm.
Nasdaq to buy eSpeed platform for $750M
April 02, 2013 | Reuters
The deal gives Nasdaq more exposure to fixed income markets, fitting into the company's strategy of expanding in asset classes beyond stock trading.
HCL sells entire stake in joint venture with NEC for $12M
April 01, 2013 | Sainul K Abudheen
Noida-based HCL formed the joint venture with NEC in 2005.
Cardiac Science sells diagnostic cardiology product line to Mortara Instruments for $21M
April 01, 2013 | Lohit Jagwani
The US-based arm of Opto Circuits will now focus on high margin resuscitation business.
Tradus buys online marketplace BuyThePrice.com
March 28, 2013 | Anand Rai
Both sites are backed by Naspers, a South Africa-based multinational group of media & e-commerce platforms.
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