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.
|TARGET||Acquirer/Industry||TYPE||DEAL VALUE (Rs crore)||STAKE (%)|
|Avnija Properties||KKR & Co LP/Cement and building products||Private Equity||750.0||21|
|National Stock Exchange of India||Temasek Holdings/Capital markets||Private Equity||670.9||5|
|Tech Mahindra||Unnamed Buyer/Technology||Investment||652.8||7|
|Spheris India||CBAY Inc. and MedQuist Inc/Technology||Acquisition||517.0||100|
|Lilliput Kidswear||Bain Capital and TPG Capital/Retail and consumer products||Private Equity||385.0||NA|
|Road and highway projects to be developed by TRIL Roads||Actis LLP/Infrastructure||Private Equity||344.7||NA|
|Aziz Pipe||Welspun-Gujarat Stahl/Metals and mining||Acquisition||258.8||100|
|Flyjac Logistics||Hitachi Transport System/Logistics||Acquisition||250.0||100|
|Convexity Solutions||CX Partners/Financial services||Private Equity||210.0||NA|
|EIH Holdings||EIH/Real estate, hospitality and construction||Acquisition||202.2||46|
|Famy Care||AIF Capital/Healthcare||Private Equity||175.0||NA|
|Pathways World School||Reliance Equity Advisors (India)/Education||Private Equity||100.0||NA|
|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.