M&A in India

M&A in India


Dabur Pharma plans overseas buys
India’s leading cancer medicine maker Dabur Pharma is on the lookout for overseas acquisitions, Mohit Burman, its newly appointed chairman, indicated.In an exclusive interview, Burman, who took charge of Dabur Pharma on Thursday, told Business Standard that the change of guard, is in line with Dabur Group’s overall plan to engage the new-generation managerial heads throughout its business empire.“The immediate thing to do is to chart a higher growth path by looking at global opportunities. Dabur Pharma is a speciality oncology company. It will continue to be so. Over the last 10 -15 years, we have established our credentials and have a global reputation,” he said.Dabur’s acquisition of an over 14 per cent stake in Punjab Tractors and the acquisition of Balsara’s Home and Hygiene business were all driven by him. Burman is taking charge of Dabur Pharma at a stage when the company is consolidating its position in several South East Asian markets.(Source: Business Standard)
Posted by Sandeep at 11:56 PM 0 comments
Labels: Dabur Pharma, India, Pharma

FM's statement to accelerate India's global quest
Finance Minister P Chidambaram on Friday asked Indian industry to go global and assured that the government will help them in raising capital for acquiring businesses abroad."We must look beyond 9 per cent growth, which is possible only through inorganic way," he told captains of the Indian industry at the NDTV Profit business leadership awards here.International Monetary Fund has revised upward its forecast for the growth of Indian economy to nine per cent and various other agencies were also estimating between 8.5-9.0 per cent GDP expansion, he added.Chidambaram said while companies must grow organically in the domestic market, they would have to go out and buy businesses abroad for expanding."We all felt delighted when Tatas acquired Corus and all the major Indian companies should make efforts to become among the top five global brands," he said."If you (companies) want money or capital, the government will support in raising the required funds," he added.The finance minister said Indians were already working with top global companies in advertising, public relations and many other sectors and it was time to realise that Indian industry will have to become globally competitive.(Source: Economic Times)
Posted by Sandeep at 12:48 AM 0 comments
Labels: Government, India
Friday, July 27, 2007

ICICI Venture, Indivision pick up 20% in Tops for Rs 175 cr
ICICI Venture Funds Management, a leading private equity player, and Future group’s private equity arm — Indivision, have together picked up around 20% stake in Tops Security, the flagship of the Tops Group, for Rs 175 crore. ICICI Venture has invested Rs 110 crore while Indivision invested Rs 65 crore in the Mumbai-based security service provider.The deal is the first-ever private equity investment in the company, majority of which is owned by the initial promoters, the Nanda family. Rakesh Jhunjhunwala, a leading investor holds 16% stake in the company.When contacted by ET, senior Tops Group officials declined to comment on the deal. With a turnover in excess of Rs 260 crore, Tops Group is one of the leading brand in the Indian security industry, and is growing at CAGR of about 50%, compared to the average growth rate of 21% in the domestic security market.Tops Group’s activities span across manned guarding, investigations, cash management services, special security squads for executive protection, event security management, copyright protection, facility management, advanced training, security audits, integration of security equipment and emergency response.(Source: Economic Times)
Posted by Sandeep at 12:54 PM 0 comments
Labels: ICICI ventures, India, Indivision, Security, Tops

ICICI Venture sells 5% in Subhiksha to ICICI Pru MF
ICICI Venture, which holds 30% stake in discount retail chain Subhiksha, has offloaded 5% to ICICI Prudential Mutual Fund for an estimated Rs 75 croreThis brings ICICI Venture’s shareholding in the company to 25%. When contacted, Subhikhsha managing director R Subramaniam confirmed the change in equity stakes, reports Benny Antony in Mumbai.ICICI Venture had initially taken a 10% stake in the company in July 2000. It had increased its stake in the retail outlet with another round of funding worth Rs 25 crore in late 2004. Started in March 1997 in Chennai, the retail chain, which operates in four verticals namely fruits and vegetables, pharmaceuticals, FMCG and telecom, currently has 800 stores. The company was recently in the news following speculations that it might be acquired by Reliance Retail.The company had, however, denied any such development. It is planning to increase retail presence across the country to 1,000 outlets by the year-end. The company, which had clocked revenues of around Rs 800 crore during FY07, is also looking to tap the capital market after reaching the 1,000-store mark.Subhiksha had raised Rs 80 crore through a rights issue recently and is planning to achieve a turnover of around Rs 3,500 crore by the year-end.(Source: Economic Times)
Posted by Sandeep at 12:45 PM 0 comments
Labels: ICICI ventures, India, Retail, Subhiksha
Thursday, July 26, 2007

General Atlantic to put in Rs 242 cr in IBS
General Atlantic, a private equity player, today announced an investment of $60 million (Rs 242 crore) in Kerala-based IBS Software Services -- which provides IT solutions for the transport and logistic industries -- to pick up a minority stake. IBS is also building two campuses in India with an estimated cost of Rs 200 crore -- one in Thiruvananthapuram and another in Kochi with a capacity to accommodate 8,000 people. The campuses will be used for product development and support services for the travel, transport and logistics verticals. The first phase of the centre in Thiruvananthapuram will be operational in a few months time. Meanwhile, IBS is looking at acquiring a US-based aircraft maintenance and repair solution company, and planning to foray into the shipping and ports vertical by designing customised solutions. As part of the shipping vertical, IBS Software has already formed a core group of intelligence (CGI) by including representatives from various international ports and shipping companies. (Source: Business Standard)
Posted by Sandeep at 12:12 PM 0 comments
Labels: General Atlantic, IBS, India, IT

TPC, REL eyeing stake in power exchanges
Tata Power Company (TPC) and Reliance Energy (REL) are in talks with commodity exchanges, MCX and NCDEX, to pick up equity stake in two power exchanges proposed to be set up by them.While MCX and its partner in the proposed exchange, Power Trading Corporation (PTC), have offered TPC minority stake, REL sources confirmed that the company is being approached by NCDEX, but it has not taken any decision yet.(Source: Economic Times)
Posted by Sandeep at 2:50 AM 0 comments
Labels: Power, power exchange, Reliance Energy, Tata Power

Infy acquires Philips BPO
Infosys Technologies, on Wednesday, took another step in increasing its footprint in Europe by signing a $250-million outsourcing contract with Royal Philips Electronics of the Netherlands. As part of the agreement, Philips will enter into a seven-year contract with Infosys BPO which will provide finance and accounting (F&A) services and the processing of purchasing orders.The deal, structured like an acquisition, also includes the taking over of Philips’ three shared service centres in Chennai, Thailand and Poland with 1,400 people by Infosys BPO. The latter will make an upfront cash payment of $28 million to Philips. Infosys BPO chairman TV Mohandas Pai told ET, “The cash payment is because Philips had invested in setting up the centres, IP and processes.”(Source: Economic Times)
Posted by Sandeep at 2:39 AM 0 comments
Labels: India, Infosys BPO, Philips
Older Posts
Subscribe to: Posts (Atom)
Contributors
Sandeep
Amit Sharda
Gaurav Mehta

Stay Connected



Get Sector "Wise"
Aviation
Banking
Entertainment
Information Technology
Pharma
Telecom
Any Conferences?

Blog Archive
▼ 2007 (193)
▼ July (65)
Dabur Pharma plans overseas buys
FM's statement to accelerate India's global quest
ICICI Venture, Indivision pick up 20% in Tops for ...
ICICI Venture sells 5% in Subhiksha to ICICI Pru M...
General Atlantic to put in Rs 242 cr in IBS
TPC, REL eyeing stake in power exchanges
Infy acquires Philips BPO
Lehman, Warburg, Carlyle eye 20% of Angel Broking
ONGC mulls takeover of US listed oil firm
Patni Acquires Life Sciences Services Company Tara...
GE buys 15% in Titagarh Wagons
ICICI may offer stake in holding company
India Mergers & Acquisitions Forum - 2007
UB planning to sell 20% stake in its aviation busi...
NCDEX in JV with NTPC, NHPC to launch power exchan...
Alcan sells Utkal stake to Hindalco
Biocon plans M&As to boost bio-pharma biz
Tata Tea competes with Coke for beverage buys
Bajaj chasing Ducati, Triumph
Tata Motors invests in Thailand automobile plant
Tata, M&M may bid for Jaguar & Land Rover
GE Shipping acquires modern Supramax
Credit Suisse to check in to Park Hotels with $55 ...
Mastek buys US-based TPA for $9mn
Bajaj may join hands with Renault
VSoft buys Coopman Consultancy
Indonesian invite for Tata Steel
Essar Steel bidding for Stelco
Dubai firm buys 2.87% of ICICI Bank
Yash Birla Group buys Kennametal JV
DLF to pump Rs 1,250 cr in DT Cinemas
Natco acquires US drug store
Megasoft to acquire US company for Rs 260 cr
M&A marketshare limit be 40%: BSNL
L&T goes to Hazira for manufacturing JVs
PTC to pick up 26% stake in MCX's Energy exchange
Orange acquires GTL’s IT services biz
CWT gets majority stake in AFL
Nalco looks for JV partners
Tishman, ICICI Vent JV to raise 2nd realty fund
Tecnova scouts for European firm
Lehman-led team to pick 5% in Edelweiss
Australia's IAG in JV talks with HDFC
Hinduja BPO may offer consultancy, keen on US acqu...
IFCI to go ahead with 26% stake sale
Biyani looks for buys overseas to spruce up back-e...
Wolfensohn's private fund picks 6% in Fabindia
Dishman acquires Solvay's fine chemicals
MTNL close to taking over Lanka’s Suntel
GE Shipping buys Suezmax tanker
Rolta to buy Canada's Orion Technology
Wipro buys Singapore's Unza for $246 mn
Patni acquires Logan-Orviss
JM Financial to pick up 60% in ASK Securities
Essar eyes shipping, telecom JVs in Vietnam
Temasek to buy 5% in Bharti Airtel
Ashok Leyland in JV with Finland's Alteams
Godrej Sara Lee buys Sara Lee biz in India
Tiger Airways to launch first flight in India
Tata Group buys Innovative Foods
Max India eyes control of two CROs in US
Global PE players eye stake in JetLite
acquisitions are set to play a dominant role in Pe...
Spentex buys Czech firm Schoeller for $25mn
Cranes Soft buys Proland, Caravel
► June (106)
► May (22)