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. 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.

TARGET	Acquirer/Industry	TYPE	DEAL VALUE (Rs crore)	STAKE (%)
Equipav S.A. Acucar e Alcool	Shree Renuka Sugars Ltd/Sugar & Ethanol	Acquisition	5,351.0#	50.8
Parkway Holdings Ltd	Fortis Healthcare Ltd/Healthcare	Investment	3,129.5	23.9
Trinity Coal Corp	Essar Group/Metals and Mining	Acquisition	2,726.5	100
Essar Telecom Infrastructure	American Tower Corp/Telecommunications	Acquisition	1,996.4	100
Northgate Capital LLC	Religare Enterprises Ltd/Financial Services	Acquisition	922.9	NA
Doosan International India	Doosan Infracore Ltd/Industrial Products	Acquisition	898.3	100
Aspen’s Campos Facility	Strides Arcolab Ltd/Pharmaceuticals	Acquisition	342.9	100
Nectar Lifesciences	New Silk Route Partners/Pharmaceuticals	Private Equity	251.5	NA
Ambit Corporate Finance	QInvest, LLC/Financial Services	Private Equity	250.0	25
Fame India Ltd	Reliance MediaWorks/Media and Entertainment	Acquisition	231.3	62.1
Integreon	Actis/Professional Services	Private Equity	230.2	NA
K-Air India Gases Ltd	Taiyo Nippon Sanso Corp/Chemicals	Acquisition	228.1	51
Zicom’s Security Systems	Schneider Electric/Technology	Acquisition	223.6	100
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.