M & A Tracker - June 2015
Since April 2015, around 182 M&A deals were announced / completed aggregating to approximately $3159.29 million; dominated by domestic deals (120 deals) followed by cross border deals (38 deals).
India
Corporate/Commercial Law
Since April 2015, around 182 M&A deals were announced /
completed aggregating to approximately $3159.29 million; dominated
by domestic deals (120 deals) followed by cross border deals (38
deals).
In terms of sectors, Materials saw the maximum deal value with
deals worth around $1264 million, followed by Health Care with $599
million.
India-UK specific deal announcements
|
No. |
Target Company |
Acquiring Company |
Deal Value
(in mn USD) |
Deal Highlights |
| 1 |
Harris Performance
Products Limited |
Royal Enfield Sales
Limited |
Undisclosed |
- This is the first acquisition by Royal Enfield
- Royal Enfield was to acquire the assets, employees, trade
names, know-how and intellectual property of Harris
|
| 2 |
Kallidus Inc. |
Infosys Limited |
120.00 |
- Was an all-cash transaction
- Kallidusis a m-commerce enabler, operates under its key product
'Skava'
|
Key India-related Deals
|
No. |
Target Company |
Acquiring Company |
Deal Value
(in mn USD) |
Deal Highlights |
| 1 |
Bharti Airtel
Limited |
Bharti Enterprises
(Holding) Private Limited |
200.00 |
- Bharti Airtel Limited is listed on BSE and NSE
- Sale of 4.2 % stake by Vodafone was due to new norms issued by
government barring a telecom operator from holding any stake in
competition under unified licenses
- Vodafone had acquired stake in Bharti Airtel under previous
licensing regime, Unified Access Service License (UASL), or 2G
licenses, under which telecom companies were permitted to hold up
to 9.9 per cent stake in other firms
|
| 2 |
Maithan Ispat
Limited |
Mesco Steels
Limited |
185.35 |
- The deal makes Maithan Ispat the wholly owned subsidiary of
Mesco Steels
- Mesco Steel will receive a distinctive advantage in high beam
and section mill, expandable to one million tons
|
| 3 |
UCB S.A., Certain
Product Business |
Dr. Reddy's
Laboratories Limited |
127.82 |
- Dr. Reddy's Laboratories Limited is India's second
largest drug maker by sales
- The transaction shall help strengthen Dr. Reddy's presence
in the areas of dermatology, pediatrics and respiratory verticals
with brands like Atarax, Nootropil, Zyrtec, Xyzal, Xyzal M,
etc.
- The transaction allows UCB to focus on its key neurology
business in India
|
| 4 |
Zomato Media Private
Limited |
Info Edge India Limited,
Sequoia Capital India Growth Fund II, Vy Capital Management Company
Limited |
50.00 |
- Info Edge's aggregate investment in Zomato will be about $
75.45 million
- Info Edge, along with its wholly-owned subsidiary will continue
to hold, on a fully converted and diluted basis, 50.1% of
Zomato
- Zomato has been aggressively expanding its global presence
through inorganic route.
|
| 5 |
Xerces Technologies
Private Limited |
JetSynthesys Private
Limited |
Undisclosed |
- Through this acquisition, JetSynthesys will strengthen its
already robust digital gaming portfolio, PlayIzzOn, to become a
larger player in the gaming space focused on building gaming
experiences for the global market including celebrity games and
enabling games to monetize effectively in India
- Xerces has developed leading gaming titles such as Cricket
Unlimited, StickMan Fighter, Bull Fighter, Mad Car Racing and the
movie-based game Bang Bang
|
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