Vijay Mallya-promoted United Breweries (UB) has decided to merge Millennium Alcobev and its subsidiaries with itself, in what is being seen as a consolidation of its beer business and integration of brewing capacities. Millennium Alcobev, a joint venture between UB and global beer major Heineken, and its subsidiaries account for approximately 10 per cent of India's brewing capacity.
Online education provider Core Projects and Technologies has acquired Georgia-based Technical System Integrators (TSI) and New York-based Keenan and Keenan Group (KKG) for approximately $20 million with a view to expand its footprint in the US education market. This deal will specifically enable Core Projects to provide end-to-end solutions in the K-12 and higher education segments in the US with an expanded service portfolio.
DEAL VALUE (Rs crore)
SAE Towers Holdings
Sandstone Capital, Sequoia Capital
Cholamandalam Investment & Finance
Aquarius Investment Advisors, Amansa Capital
Credit Analysis & Research
A. Birla Equity, Bajaj Holdings & Investment
Accelya Holding World SL
Tech Systems Integrators LLC, and KKG
Ernst & Young is a leading M&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&Y do not undertake any responsibility with regard to any such decision. Data as on September 27, 2010. This list is not a complete list.