M&A
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.
Bookmyshow.com acquires Ticketgreen.com, strengthens footprint in South India
March 08, 2013 | Anand Rai
In August 2012, Accel Partners invested over $18 million to buy a large minority stake in Bookmyshow.
Post Haribhakti split, BDO to form JV with MZS & Associates for India play
March 06, 2013 | Bruhadeeswaran R, Shrija Agrawal
FDI is barred in accounting services in India and international firms, including the Big Four, operate through such tie-ups.
Zamil completes acquisition of Advantec Coils
March 06, 2013 | TEAM VCC
Besides making airconditioners as an OEM, it also sells ACs under its own brand in a highly crowded market.
IPG Mediabrands buys Interactive Avenues; investors Anupam Mittal, WestBridge exit
March 06, 2013 | Sonam Gulati
The digital media firm will become a part of IPG Mediabrands’ data-driven digital services and technologies arm.
Fabindia acquires 40% stake in Organic India
March 06, 2013 | TEAM VCC
In March last year, Premji Invest, the investment fund owned by Wipro Chairman Azim Premji, had acquired 7% stake in Fabindia for Rs 100-125 crore.
Welspun Projects to sell 72% EPC order book to Leighton Welspun for $20.8M
March 05, 2013 | Bhawna Gupta
In April 2011, Welspun Group picked 35% stake in the Indian arm of the Leighton Group, one of the world’s largest construction firms, to form a joint venture.
Facor Alloys acquires 51% stake in Dutch firm Dillenburg Bergen for $10M
March 05, 2013 | Bhawna Gupta
In April 2011, Facor Alloys acquired Chhattisgarh-based BEC Power for $3.56 million.
BS Enviro to buy 51% stake in Harbinger Capital-controlled Skywater India
March 05, 2013 | Bhawna Gupta
Last August, BS Ltd acquired an undisclosed stake in Hyderabad-based online travel company AbhiBus Services.
GMR to sell 70% in Singapore power plant to FPM Power Holdings for $530M
March 04, 2013 | Bhawna Gupta
In September 2011, Petronas acquired 30% stake in the GMR venture for $38.52 million.
Myntra to seal non-ecom acquisition
March 04, 2013 | Sonam Gulati
The deal is expected to close in 2-3 weeks.
Tree House acquiring national pre-school chain Brainworks
March 04, 2013 | TEAM VCC
Tree House, which is backed by Matrix Partners, Omidya Network, Aditya Birla PE and Unilazer Ventures, acquired the pre-school business of MT Educare in 2012.
Belgium’s Aliaxis to buy majority stake in Ashirvad Pipes for $148M
March 01, 2013 | Bhawna Gupta
Firm to be run as JV by existing promoters; Ashirvad revenues increased from Rs 100 crore in 2008 to Rs 610 crore in 2012.
YKK AP to buy aluminium extrusion biz of Bhoruka for $22.29M
March 01, 2013 | Bhawna Gupta
Move to pay debt after lenders initiated restructuring exercise to sell the assets of the company and recover dues in 2011.
Info Edge buys semantic search software startup MakeSense for $1.5M
March 01, 2013 | TEAM VCC
In the past two weeks, Info Edge also invested more to acquire majority stake in existing investee firms Zomato and Meritnation.
