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M&A

Accel Partners-funded CureFit to buy two healthcare firms

January 31, 2017 | Varun Arora

Former Flipkart executives Ankit Nagori and Mukesh Bansal’s yet-to-be-launched online preventive healthcare platform CureFit is in talks to acquire two companies including Seraniti, a mental health firm and an unnamed fitness centre in Bengaluru, a financial daily reported on Tuesday.

Exclusive: OneLoyalCard acqui-hires Swastika-backed Pocketin

January 30, 2017 | Binu Paul

OneLoyalCard.com, a Delhi-based table reservation and deals platform, has acqui-hired restaurant deals startup Pocketin for an undisclosed amount in an all-stock deal, as it looks to enhance its technology infrastructure and accelerate pan-India growth plans.

Vodafone India, Providence-backed Idea Cellular in merger talks

January 30, 2017 | Ranjani Raghavan & Maulik Vyas

Vodafone Group Plc is in talks to merge its India unit with local rival Idea Cellular Ltd in a development that could create the country’s biggest telecom operator and threaten top carrier Bharti Airtel Ltd as well as the fast-growing Reliance Jio Infocomm Ltd.

Piramal to acquire drugs from UK firm Mallinckrodt for $171 mn

January 30, 2017 | Joseph Rai

Billionaire Ajay Piramal-led Piramal Enterprises Ltd said on Monday it will acquire a portfolio of drugs from UK-based Mallinckrodt LLC for $171 million (Rs 1,163 crore) in its seventh pharmaceutical deal within two years.

On-demand maid provider Didi buys TimeMyTask

January 30, 2017 | Disha Sharma

On-demand maid service Didi has acquired home services startup TimeMyTask in an all-stock deal, Didi's co-founder and chief executive Jhonny Jha told Techcircle.

After the acquisition, TimeMyTask will operate under Didi's brand name. The new entity is valued around $10-15 million.

Clove Dental buys VC-backed Denty's

January 25, 2017 | Joseph Rai

Star Dental Centre Pvt. Ltd, operator of the Clove Dental clinic chain, has acquired rival Today's Healthcare India Pvt. Ltd in a rare consolidation move in a sector that is yet to prove its scalability for private investors.

Wipro to acquire Brazilian IT firm InfoSERVER

January 25, 2017 | TEAM VCC

Wipro Ltd, India’s third-largest software services exporter, said on Wednesday it has signed a pact to acquire Brazilian IT firm InfoSERVER SA for $8.7 million to expand its presence in Latin America.

Tata Steel to buy majority stake in Odisha port project

January 25, 2017 | Deepak Kumar Sahu

Tata Steel Ltd on Wednesday said that it has signed a definitive agreement with Creative Port Development Pvt. Ltd (CPDPL) and their promoters for the proposed development of Subarnarekha port in Odisha.

Exclusive: Lactalis hunts for more dairy deals to expand India biz

January 25, 2017 | Debjyoti Roy

French giant Groupe Lactalis SA is actively scouting for more acquisition opportunities in India, a senior executive told VCCircle, as it strives to become the top private dairy player in the world’s largest milk producing nation.

ABM Knowledgeware to invest $2.2 mn in InstaSafe; CIO Angel Network to exit

January 25, 2017 | Disha Sharma

E-governance solutions provider ABM Knowledgeware has approved a strategic investment in Bangalore-based security solutions provider InstaSafe Technologies Pvt. Ltd as it looks to add tech products to its portfolio.  

PE firm among five bidders for SRS Cinemas

January 25, 2017 | Bruhadeeswaran R

Diversified consumer services firm SRS Ltd has received preliminary bids from five suitors to buy its multiplex business, including one private equity firm and the top four players in the cinema exhibition space, two persons directly privy to the development told VCCircle.

Nippon Paper acquiring BK Modi Group’s paper cup making biz

January 24, 2017 | Bruhadeeswaran R

Japan’s Nippon Paper Industries Co. Ltd is entering the Indian market by acquiring the largest local paper cup manufacturing company owned by the BK Modi Group for an undisclosed amount.

Health insurance TPA Medi Assist acquires Mumbai firm

January 24, 2017 | Joseph Rai

Medi Assist Insurance TPA Pvt Ltd, which provides third-party administrator (TPA) services for health insurance claims, has acquired a smaller rival based in Mumbai, two people aware of the development told VCCircle.

BookMyShow buys online ticketing platform MastiTickets

January 24, 2017 | Dearton Thomas Hector

Mumbai-based Bigtree Entertainment Pvt. Ltd, which runs online ticketing platform BookMyShow, has acquired Hyderabad-based ticket-booking platform MastiTickets for an undisclosed amount.

Fairfax-backed Quess Corp picks up 26% stake in Heptagon Technologies

January 24, 2017 | Bruhadeeswaran R

Fairfax-controlled business services provider Quess Corp Ltd has announced the acquisition of a significant minority stake in Coimbatore-based Heptagon Technologies Pvt Ltd, a software development company, as it looks to cut costs and ramp up digitisation of business processes.

Carlyle-backed Cyient to acquire US-based Certon Software

January 24, 2017 | Joseph Rai

Software services firm Cyient Ltd said on Tuesday it has agreed to acquire the US-based Certon Software Inc in cash to strengthen its aerospace and defence vertical.

Mahindra to buy majority stake in Turkey’s Hisarlar for $19 mn

January 20, 2017 | Ankit Doshi

Mahindra & Mahindra Ltd, India’s biggest tractor maker, said on Friday it has agreed to acquire a 75.1% stake in Turkish farm machinery maker Hisarlar Makina Sanayi ve Ticaret Anonim Sirketi.

Zydus Cadila acquires US drugmaker Sentynl Therapeutics

January 20, 2017 | Joseph Rai

Cadila Healthcare Ltd, which operates under the brand Zydus Cadila, has purchased US-based specialty pharmaceuticals company Sentynl Therapeutics Inc for an undisclosed amount in its second acquisition within three weeks.

IL&FS may merge wind energy biz with PE-backed Orient Green Power

January 19, 2017 | Rounak Kumar Gunjan

Chennai-based Orient Green Power Company Ltd (OGPL) is in advanced talks to merge its wind energy assets with IL&FS Wind Energy Ltd, it said on Thursday.

ZDream Ventures acquires startup database platform Xeler8

January 19, 2017 | Disha Sharma

Chinese accelerator and venture fund ZDream Ventures has acquired Xeler8, Inc., an intelligence platform providing startup database to venture capital and private equity (PE) firms, according to a press statement.

ZDream, however, did not disclose the deal valuation.

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