M&A
Swelect investing $3.9M in PE-backed HHV Solar; SIDBI Venture Capital to exit
January 08, 2013 | Bhawna Gupta
In March 2008, HHV Solar raised $7m from SME Growth Fund, managed by SIDBI Venture Capital, and Aureos South Asia Fund, managed by Aureos Capital.
Golden Goenka Fincorp to acquire 50% stake in Purple Advertising Services for $3.2M
January 07, 2013 | Bhawna Gupta
Purple is currently constructing two studio complexes and a movie town for producing films, serials and reality shows.
eBay may invest in Snapdeal: Report
January 07, 2013 | Anand Rai
In July 2011, Snapdeal had raised $39.5 million in Series B funding, led by Bessemer Venture Partners, along with existing investors Nexus Venture Partners and Indo-US Venture Partners.
VC-backed Core Diagnostics scouting to buy other startups through stock deals
January 04, 2013 | Diksha Dutta
The Gurgaon-based healthcare startup has recently acquired US-based startup OncoMDx in a stock-swap deal.
Punj Lloyd arm makes $26.2M counteroffer to buy construction business of Australia’s Macmahon
January 03, 2013 | Pooja Sarkar
Warburg Pincus-backed Punj Lloyd, once a stock market darling, has been battling cost overruns and debt overhang stifling earning margins.
Jet Airways says in stake sale talks with Etihad
January 03, 2013 | TEAM VCC
This is the first time Jet Airways has officially confirmed an impending deal with Etihad; VCCircle reported in November Etihad could pick 24% in Naresh Goyal-led Jet Airways.
ArcelorMittal to sell $1.1B stake in Canadian unit
January 02, 2013 | Reuters
The group, which makes about 6-7% of the world's steel, will sell the stake in ArcelorMittal Mines Canada to a consortium including South Korean steelmaker POSCO and Taiwan-listed China Steel.
Geometric acquires 3Cap Technologies GmbH for $14.5M
January 02, 2013 | Sainul K Abudheen
The acquisition gives Geometric the ability to deliver embedded systems-based solutions and a stronger presence in Europe.
Sequoia-backed Moolchand buys Agra-based Pankaj Apollo Hospital
January 02, 2013 | Bhawna Gupta
Delhi-based Moolchand is eyeing additional acquisition opportunities to assemble a portfolio of 5-10 hospitals over the next few years.
Godrej Consumer Products acquires Colgate-Palmolive’s Soft & Gentle brand in UK
January 02, 2013 | TEAM VCC
GCPL expects this acquisition to be accretive in the first year itself.
Chennai-based IT company Saksoft acquires American firm Electronic Data Professionals
January 02, 2013 | Bhawna Gupta
In July 2011, Saksoft acquired Pune-based Synetairos Technologies for an undisclosed amount.
Saxon Global acquires Bangalore-based data analytics firm ISAC Global
December 28, 2012 | Bhawna Gupta
The acquisition is expected to boost expertise in big data analytics and web intelligence
Binani Industries to sell up to 40% in cement business
December 27, 2012 | Pooja Sarkar
Binani Cement generated around two-thirds of Rs 3,000cr consolidated revenues of the listed parent and is a profitable unit, as against the loss-making parent firm.
Clariant AG sells part of specialty chemical biz to SK Capital for $550M
December 27, 2012 | TEAM VCC
In the second phase of strategic restructuring, the Swiss firm has lined up its business units of leather services and detergents & intermediates.
Year in review: Top 5 M&A deals of 2012
December 27, 2012 | Madhav A Chanchani
Some of the biggest overseas acquisitions have taken place as Indian companies continue to target major assets abroad.
Cognizant acquires 6 companies of Germany’s C1 Group
December 24, 2012 | TEAM VCC
The deal is expected to be closed in the first quarter of 2013 and will help strengthen the firm’s revenues in Germany & Switzerland by about $100m.
Ascent Capital-backed Ramkrishna Forgings to buy Globe Forex and Travels
December 24, 2012 | Bhawna Gupta
Earlier this year, IFC said it could commit up to $20 million to part-fund Ramkrishna Forgings’ greenfield expansion programme in Jamshedpur.
Blume Ventures-backed SportsNest merges with PlayGroundOnline, raises fresh funds from investor
December 21, 2012 | Sonam Gulati
The idea of merger came from the owners of the companies and the next tranche of funding will be put in after 3-4 months.
PE-funded Mrs Bector Foods' promoters in talks for stake sale
December 21, 2012 | Diksha Dutta
In 2010, Motilal Oswal Private Equity Advisors picked up 20% share in the Ludhiana-based company by buying out the complete stake held by earlier investor, Jade Dragon, a unit of Goldman Sachs.
Zephyr Peacock-backed Metro Telworks scouts for mid-sized acquisitions
December 21, 2012 | Shrija Agrawal
The telecom services company would look at acquiring 2-3 companies for $2m-$10m.
