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BT-Ernst and Young Deal Watch

PE firms Bain Capital and TPG Capital acquired an undisclosed stake in Lilliput Kidswear—manufacturer, retailer and exporter of children's apparel—for close to Rs 385 crore.

     Print Edition: June 13, 2010

PE firms Bain Capital and TPG Capital acquired an undisclosed stake in Lilliput Kidswear—manufacturer, retailer and exporter of children's apparel—for close to Rs 385 crore. Lilliput will utilise the capital to fund its expansion plans. Currently, Lilliput operates around 235 exclusive brand outlets in India and 30 overseas.

TARGETAcquirer/IndustryTYPEDEAL VALUE (Rs crore)STAKE (%)
Avnija PropertiesKKR & Co LP/Cement and building productsPrivate Equity750.021
National Stock Exchange of IndiaTemasek Holdings/Capital marketsPrivate Equity670.95
Tech MahindraUnnamed Buyer/TechnologyInvestment652.87
Spheris IndiaCBAY Inc. and MedQuist Inc/TechnologyAcquisition517.0100
Lilliput KidswearBain Capital and TPG Capital/Retail and consumer productsPrivate Equity385.0NA
Road and highway projects to be developed by TRIL RoadsActis LLP/InfrastructurePrivate Equity344.7NA
Aziz PipeWelspun-Gujarat Stahl/Metals and miningAcquisition258.8100
Flyjac LogisticsHitachi Transport System/LogisticsAcquisition250.0100
Convexity SolutionsCX Partners/Financial servicesPrivate Equity210.0NA
EIH HoldingsEIH/Real estate, hospitality and constructionAcquisition202.246
Famy CareAIF Capital/HealthcarePrivate Equity175.0NA
Pathways World SchoolReliance Equity Advisors (India)/EducationPrivate Equity100.0NA
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 May 10, 2010. This list is not a complete list.

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