India:
M & A Tracker - August 2015
26 October 2015
BDO India LLP
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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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