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BT-Ernst and Young deal watch

Shree Renuka Sugars Ltd (SRSL) will acquire the controlling stake in Equipav S.A. Acucar e Alcool, one of Brazil's largest sugar and ethanol companies.

     Print Edition: April 18, 2010

Shree Renuka Sugars Ltd (SRSL) will acquire the controlling stake in Equipav S.A. Acucar e Alcool, one of Brazil's largest sugar and ethanol companies. Through this transaction, SRSL is likely to secure raw material supplies by gaining access to Equipav's facilities in Sao Paulo. SRSL has now become a backward integrated company, from sugarcane cultivation to the production of finished sugar.

TARGETAcquirer/IndustryTYPEDEAL VALUE (Rs crore)STAKE (%)
Equipav S.A. Acucar e AlcoolShree Renuka Sugars Ltd/Sugar & EthanolAcquisition5,351.0#50.8
Parkway Holdings LtdFortis Healthcare Ltd/HealthcareInvestment3,129.523.9
Trinity Coal CorpEssar Group/Metals and MiningAcquisition2,726.5100
Essar Telecom InfrastructureAmerican Tower Corp/TelecommunicationsAcquisition1,996.4100
Northgate Capital LLCReligare Enterprises Ltd/Financial ServicesAcquisition922.9NA
Doosan International IndiaDoosan Infracore Ltd/Industrial ProductsAcquisition898.3100
Aspen’s Campos FacilityStrides Arcolab Ltd/PharmaceuticalsAcquisition342.9100
Nectar LifesciencesNew Silk Route Partners/PharmaceuticalsPrivate Equity251.5NA
Ambit Corporate FinanceQInvest, LLC/Financial ServicesPrivate Equity250.025
Fame India LtdReliance MediaWorks/Media and EntertainmentAcquisition231.362.1
IntegreonActis/Professional ServicesPrivate Equity230.2NA
K-Air India Gases LtdTaiyo Nippon Sanso Corp/ChemicalsAcquisition228.151
Zicom’s Security SystemsSchneider Electric/TechnologyAcquisition223.6100
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. *As on March 15, 2010. #Includes net debt of Rs 3,821 crore and an equity value of Rs 1,530 crore. This list is not a complete list.

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