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BT-Ernst and Young deal watch

Himadri Chemicals and Industries' preferential allotment of equity shares to private equity firm Bain Capital for some Rs 590 crore will help the Kolkata company to grow its business.

     Print Edition: February 21, 2010

Himadri Chemicals and Industries' preferential allotment of equity shares to private equity firm Bain Capital for some Rs 590 crore will help the Kolkata company to grow its business. The firm is likely to use the issue proceeds to partly finance its expansion plans into China, where it is setting up a coal tar pitch plant and increasing its coal tar distillation and carbon black manufacturing capacities.

 

TARGETACQUIRER/INDUSTRYTYPEDEAL VALUE (Rs crore)STAKE (per cent)
Tower PortfolioGTL Infrastructure/TelecommunicationAcquisition 8,400.0100
Himadri Chemicals and IndustriesBain Capital India Investments/ChemicalsPrivate Equity586.235.4
Max IndiaGoldman Sachs Group/MiscellaneousPrivate Equity536.7NA
Coastal ProjectsBarings, Sequoia Capital, Fidelity and Deutsche Bank/InfrastructurePrivate Equity250.016
Micromax InformaticsTA Associates/TelecommunicationPrivate Equity205.4NA
Ravin CablesPrysmian Spa/Industrial ProductsAcquisition 170.451
Indu Navayuga Infra ProjectPlus Expressways Bhd/InfrastructureAcquisition 99.974
Viceroy Hotels' Bangalore Project (Viceroy Bangalore Hotels)JP Morgan India Property Mauritius/Real Estate, Hospitality and ConstructionPrivate Equity70.049.2
iYogiDraper Fisher Jurvetson, SAP Ventures, Canaan Partners and SVB India Capital Partners and Construction/TechnologyPrivate Equity70.0NA

Ernst and Young is a leading M and A advisor in India. The data is based on media reports and company announcements. Any decision on the basis of this information should be taken only after professional advice. Business Today or E andY do not undertake any responsibility with regard to any such decision. Data as on January 25, 2010. This is not a complete list.

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