Mergers & Acquisitions
Kirloskar Acquires Two Companies In Germany: Kirloskar Electric Co. has picked up
stakes in two German firms. It will buy about 95 per cent in German manufacturing firm Lloyd Dynamowerke GmbH & Co and 100 per cent in Lloyd Beteiligungs GmbH from CMP Fonds I GmbH. The acquisitions will be done through its wholly [...]
Ambit Holdings Pvt. Ltd., Ashok Wadhwa’s financial services arm, has appointed Nikhil Puri as he Managing Director for Ambit Corporate Finance. Ambit Corporate Finance is a mergers and acquisitions advisory firm. Puri was previously working as Managing Director in the Global Industries Group. There his work involved accomplishing client and coverage related responsibilities across [...]
Private Equity
Sobha Developers To Raise Money From PE Investors via SPV’s: Sobha Developers Ltd, the Bangalore-based developer, is planning to dilute minority stake to private equity investors for projects in Bangalore, Pune and Gurgaon to raise funds.
Gopinath To Raise $200M To Fund Deccan Express Logistics’ Project : Deccan Express Logistics, an air and ground [...]
Citigroup - we know this banking giant is too big to fail. But is it also too big to manage?
After being among the biggest casualties of the subprime mortgage-related meltdown in the West, suffering huge write-downs and shedding jobs and non-core operations, Citigroup finally has its reorganization strategy. Citigroup’s Asia business will be split geographically [...]
The deal is official. Tata Capital, the financial services and investment arm of Tata Sons, has signed a memorandum of understanding with Mitsubishi UFJ Securities Co (MUS) for investment banking, global equity offerings and other services. The financial terms are not disclosed. The agreement covers a wide range of strategic business areas on the Indo-Japanese [...]
London & Pacific Healthcare Inc., a California-based healthcare advisory company, has acquired Mumbai-based YEN Healthcare Advisors Pvt. Ltd in an all stock deal. The acquisition has been done for an aggregate consideration of one million common shares of London & Pacific Healthcare, which amount to somewhere around $100,000-$150,000. The management stands to receive a further [...]
Banglore-based Idenizen Smartware Pvt ltd, a technology solutions provider for the education vertical, has received venture capital funding of $2.25 million (Rs 9 crore) from NEA-IndoUS Ventures. The firm’s flagship product, SmartCampus, helps integrate all key activities of an institute on to a single, integrated software-enabled platform - from administration to student and faculty activities [...]
Unitus Inc, a US based non-profit microfinance institution, has announced the launch of Unitus Capital, a financial advisory firm that will become a conduit between social entrepreneurs and capital market investors. The company will be based in Bangalore. The firm has also announced that Unitus Capital has received a seed funding of $5.5 million from [...]
This news has been in the market for a few days now. The troubled property and banking conglomerate Dawnay Day International is planning to sell its 50 per cent stake in the Indian joint venture, Dawnay Day AV Securities Pvt Ltd, which was formed in 2005. Other stakeholders of the firm are Alok Vajpeyi, who [...]
Leading investment bank Edelweiss Capital is venturing into asset reconstruction business, for which it’s on the lookout for foreign partners. Edelweiss will soon apply to Reserve Bank of India for an ARC licence.
Meanwhile, Edelweiss has hired Siby Antony as executive vice-president of Edelweiss Alternate Asset Advisors, the company which will run the ARC busiuness. [...]
Investment bankers have started bearing the brunt of the slowdown in IPOs and mergers and acquisitions in India. Investment banking fees in India have declined 37.8 per cent on year-on-year basis, a report says, quoting data from Thomson Reuters. The IPO pipeline has almost fully dried up, while there has been a dip in private [...]
The largest Japanese securities firm Nomura Group, which was last year negotiating to acquire a major stake in domestic investment bank Enam Securities, is now going solo in India. According to a report in Business Standard, Nomura is kicking off with an institutional brokerage business and has already put in place a team of seven [...]
The home-grown financial firms are increasingly looking at going global. Close on the heels of Religare Enterprises acquiring London’s oldest brokerage house Hichens Harrison in a $110 million deal early this year, now Reliance Money, the retail broking arm of Reliance Capital, is starting a fresh venture in Saudi Arabia to be called Riyada Reliance [...]
Deutsche Bank has got a new M&A head in India. The bank’s investment banking subsidiary Deutsche Equities India Pvt Ltd has announced the appointment of Amrit Singh as Head of M&A for India. Singh, whose appointment takes effect immediately, will report to Gordon Paterson, Head of M&A Asia Pacific regionally and to Sanjay Agarwal, Head [...]
Is Religare Enterprises, the financial services venture of the (erstwhile) Ranbaxy promoter group, close to sewing up another big ticket overseas acquisition? This seems likely. While there have been market reports that Religare is targeting few other financial firms in Europe for acquisition after buying out London’s oldest brokerage house Hichens Harrison for $110 million, [...]
