M & A in India

Since June 1, 2015, around 146 M&A deals were announced aggregating to approx. $4,216 million; dominated by domestic deals (97 deals) followed by cross border deals (49 deals). In terms of sectors, Industrials saw the maximum deal value with deals worth around $1,020 million, followed by Materials with $770 million.

For the same period, around 268 PE deals were announced valuing to approx. $3,834 million; dominated by Angel / Seed funding deals (128 deals) followed by Venture Capital funding deals (95 deals). In terms of sectors, Consumer Discretionary witnessed the maximum deal value worth $1,287 million followed by Financials with $760 million.

Deals Closed

No. Target Company Acquiring Company(ies) / Fund(s) Deal Value(in mn USD) Deal Highlights
1 OneWeb Ltd. Bharti Enterprises Ltd., Qualcomm Inc., Qualcomm Inc., Airbus S.A.S., Airbus S.A.S., Virgin Group, Hughes Network Systems LLC, Coca Cola Company, Intelsat S. A., Grupo Salinas 500.00
  • OneWeb Ltd., the UK-based company is engaged in building a communication network with an initial constellation of 648 low-earth orbit satellites that provide connectivity.
  • It has a patented mobile terminal which helps during connectivity challenges and sudden infrastructure crisis.
  • The company also provides in flight connectivity to business jet, commercial airlines and military aviation.
  • The investment by Bharti Enterprises' telecommunication arm Bharti Airtel will make it a preferred distributor of the service in India, Bangladesh, Sri Lanka and Africa, with a strong focus on rural markets.
  • It would act as an additional network connector in areas where the regular telecom tower is either not operational or down.
2 Valcambi S A Rajesh Exports Limited 400.00
  • Valcambi's services include transportation, reception, assaying, refining, manufacturing, financing and storage.
  • It was an all-cash transaction
  • This acquisition will add significantly to the revenues and profitability of the REL group in the coming years which will help expand the Global jewelry business.
  • Post the transaction, Valcambi S A operates as a subsidiary of Rajesh Exports Ltd.
3 SmartPlay Technologies India Pvt. Ltd. Aricent Inc. 172.34
  • Design services firm Aricent Inc. have acquired Bengaluru – India based semiconductor services firm SmartPlay Technologies India Pvt. Ltd.
  • SmartPlay has presence in India, Germany, Singapore and the USA.
  • The acquisition will expand Aricent's 10,000-strong engineering team, which caters to nine core industries including telecommunications, networking, consumer electronics, industrial automation, semiconductor, automotive, internet services, consumer and enterprise software and media and entertainment.
4 Prism TV Pvt. Ltd. Nickelodeon Asia Holdings Pvt. Ltd. 153.00
  • Prism TV Pvt. Ltd. is engaged in providing channel broadcasting.
  • It currently operates Colors Bangla, Colors Marathi, Colors Kannada, Colors Odia and Colors Gujarati.
  • The company was incorporated in 2008 and is based in Hyderabad, Andhra Pradesh.
  • The deal gives Nickelodeon Asia Holdings a significant presence in the fast growing regional TV sector in India, where almost 60% of the 1.2 billion people speak regional dialects as their first language.
5 Ind-Barath Energy Utkal Ltd. Macquarie Infrastructure and Real Assets 122.04
  • Ind-Barath Energy Utkal Ltd. is engaged in the business of generation, transmission, distribution and supplying of electric power.
  • Macquarie Infrastructure & Real Assets (MIRA) has invested $122.04 million in its Ind-Bharath Energy Utkal Ltd unit.
  • The deal has helped 3i Capital and PTC Financial Services exit the Company and raised money to develop a 700 MW thermal project in Orissa.
  • The company, as per the agreement, will sell 500 MW power out of the 700 MW to Tamil Nadu at Rs 4.91 per unit with a clause of passing higher fuel cost to customers, while the rest of the 200 MW will be available for merchant power business.

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