M&A
WPIL acquires pump manufacturing firm Mody Industries
March 28, 2013 | Bhawna Gupta
In the last two years, WPIL has struck two overseas acquisitions in the pumps business.
GMR-controlled Homeland Energy to sell stake in two South African coal blocks
March 28, 2013 | Bhawna Gupta
GMR, which now has a debt burden of over $7 billion, aims to slash its debt by selling assets.
Future Generali to merge with L&T General Insurance; L&T to own 51% stake
March 26, 2013 | Bhawna Gupta
Earlier this month, Future Group sold a minority stake in the life insurance arm to Industrial Investment Trust.
HSIL sells glass making unit AGI Glasspack
March 25, 2013 | Bhawna Gupta
In January this year, Henderson Equity Partners exited HSIL with 2x returns.
Brazil’s Gerdau acquires Kalyani’s stake in Andhra steel JV
March 19, 2013 | Bruhadeeswaran R
This is the first Asian plant for the Brazilian steel firm.
Asian Paints acquires 51% stake in kitchen components maker Sleek Group
March 19, 2013 | TEAM VCC
Last year, Reliance Equity Advisors Ltd invested $20 million for 13.7% stake in kitchen appliances maker Butterfly Gandhimathi Appliances Ltd.
France’s Bureau Veritas to acquire industrial testing & inspection firm Sievert
March 19, 2013 | Bruhadeeswaran R
Two years ago, Bureau Veritas acquired Bangalore-based Civil-Aid Technoclinic Pvt Ltd.
AGC Networks acquires part of Transcend United Technologies
March 18, 2013 | Bhawna Gupta
Public listed AGC Networks is a subsidiary of Aegis Ltd, which in turn is part of Essar Group.
Qatar Investment Authority may make $12.1B bid for Marks & Spencer
March 18, 2013 | Reuters
QIA has approached several large private equity houses, including CVC Capital Partners, to gauge their interest in participating, and has spoken to lenders about financing an offer.
Metropolis Healthcare in talks to acquire a diagnostic chain for up to $65M
March 15, 2013 | Lohit Jagwani
Three years ago, Warburg Pincus committed $85 million in Metropolis in a deal which also had a secondary component where ICICI Venture exited.
Parenteral Drugs to sell Goa unit to Fresenius Kabi for $36.8M
March 15, 2013 | Bhawna Gupta
German healthcare firm Fresenius Kabi acquired Dabur Pharma in 2008.
Milestone Capital close to selling realty funds business
March 14, 2013 | Shrija Agrawal, Madhav A Chanchani
A clutch of high networth individuals are expected to buy the realty funds business through a special purpose vehicle.
Fulcrum-backed Four Fountains Spa acquires Power Spa, charts expansion plans
March 14, 2013 | Bruhadeeswaran R
The company, which was looking for Series B round for acquisition & expansion plans, is increasingly shifting towards a franchise-based model for further growth.
PE-backed ValueFirst acquires mobile video service clk2c.com
March 14, 2013 | Anand Rai
ValueFirst is backed by Headland Capital Partners (formerly HSBC PE (Asia) Ltd) and NEA that invested Rs 70 crore in the company in early 2011.
Nadathur acquires Mumbai-based Insight Engineering Systems
March 13, 2013 | Bhawna Gupta
With the acquisition, Nadathur has strengthened its focus on creating a technology platform in the engineering space.
Bharti Airtel raises stake in Nigerian telecom arm to 79%
March 13, 2013 | Bhawna Gupta
Airtel has been involved in a legal case with a minority shareholder of its Nigerian arm, which had over $1.2 billion in revenues in FY12.
Reliance Games buys mobile games companies in Japan, S. Korea to expand global footprint
March 12, 2013 | Anand Rai
With these two acquisitions, the company wants to tap the mobile gaming markets in Japan ($5.5 billion) and South Korea ($1.3 billion).
Berger acquires architectural paint business of Sherwin-Williams in India
March 12, 2013 | Bhawna Gupta
Nalanda India Fund holds 5.2 per cent stake in Berger Paints.
Amtek Auto to buy German auto component major
March 11, 2013 | Bhawna Gupta
The deal could be valued around $90 million, as per VCCircle estimates.
Pantaloon Retail to sell 22.5% of group’s life insurance venture to IITL
March 08, 2013 | TEAM VCC
This is the first leg of a larger plan where Future Group is cutting stake in both life insurance and general insurance ventures.
