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.
|TARGET||ACQUIRER/INDUSTRY||TYPE||DEAL VALUE (Rs crore)||STAKE (per cent)|
|Tower Portfolio||GTL Infrastructure/Telecommunication||Acquisition||8,400.0||100|
|Himadri Chemicals and Industries||Bain Capital India Investments/Chemicals||Private Equity||586.2||35.4|
|Max India||Goldman Sachs Group/Miscellaneous||Private Equity||536.7||NA|
|Coastal Projects||Barings, Sequoia Capital, Fidelity and Deutsche Bank/Infrastructure||Private Equity||250.0||16|
|Micromax Informatics||TA Associates/Telecommunication||Private Equity||205.4||NA|
|Ravin Cables||Prysmian Spa/Industrial Products||Acquisition||170.4||51|
|Indu Navayuga Infra Project||Plus Expressways Bhd/Infrastructure||Acquisition||99.9||74|
|Viceroy Hotels' Bangalore Project (Viceroy Bangalore Hotels)||JP Morgan India Property Mauritius/Real Estate, Hospitality and Construction||Private Equity||70.0||49.2|
|iYogi||Draper Fisher Jurvetson, SAP Ventures, Canaan Partners and SVB India Capital Partners and Construction/Technology||Private Equity||70.0||NA|
— 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.