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BT-Ernst and Young deal watch

Germany-based MHM Holding (MHM) has proposed the acquisition and subsequent delisting of Micro Inks' fully-paid equity shares.

     Print Edition: March 21, 2010

Germany-based MHM Holding (MHM) has proposed the acquisition and subsequent delisting of Micro Inks' fully-paid equity shares. MHM is the world's fourth-largest printing ink manufacturer and holds 70.5 per cent in Micro Inks. The acquisition is expected to give it more operational flexibility to leverage the business strengths of Micro Inks with its various entities across the globe.

TARGETAcquirer/IndustryTYPEDEAL VALUE (Rs crore)STAKE (per cent)
Unitech (wireless business)Telenor ASA/TelecommunicationAcquisition2,019.47.2
Tower Vision IndiaQuadrangle Group and others/TelecommunicationPrivate Equity1,404.2N.A
Micro InksMHM Holding GmbH/ChemicalsAcquisition34225
DB RealtyReliance Capital, ICICI Prudential Life Insurance, Janus Contrarian Fund, ING Janus Contrarian, India Capital Fund, India Equity Growth Fund/Real Estate, Hospitality and ConstructionPrivate Equity271.4N.A
Fame IndiaINOX Leisure/Media and EntertainmentAcquisition195.263.3
DPSCOrbis Power Ventures (an SPV floated by SREI infrastructure Finance)/InfrastructureAcquisition171.957
Orbit Corporation SPV (Orbit Highcity)IL&FS Trust Company, IIRF India Realty X Ltd. (PE fund managed by IL and FS Investment Managers), Moltana Holdings/Real Estate, Hospitality & ConstructionPrivate Equity16521.6
Anagram CapitalEdelweiss Capital/Financial ServicesAcquisition164100
Greenko PLCTPG and other investors/InfrastructurePrivate Equity157.1N.A
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 and Y do not undertake any responsibility with regard to any such decision. Data as on February 15, 2010. This list is not a complete list.

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