BT-Ernst and Young deal watch
Germany-based MHM Holding (MHM) has proposed the acquisition and subsequent delisting of Micro Inks' fully-paid equity shares.
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Germany-based MHM Holding (MHM) has proposed the acquisition and subsequent delisting of Micro Inks' fully-paid equity shares. MHM is the world's fourth-largest printing ink manufacturer and holds 70.5 per cent in Micro Inks. The acquisition is expected to give it more operational flexibility to leverage the business strengths of Micro Inks with its various entities across the globe.
TARGET | Acquirer/Industry | TYPE | DEAL VALUE (Rs crore) | STAKE (per cent) |
Unitech (wireless business) | Telenor ASA/Telecommunication | Acquisition | 2,019.4 | 7.2 |
Tower Vision India | Quadrangle Group and others/Telecommunication | Private Equity | 1,404.2 | N.A |
Micro Inks | MHM Holding GmbH/Chemicals | Acquisition | 342 | 25 |
DB Realty | Reliance Capital, ICICI Prudential Life Insurance, Janus Contrarian Fund, ING Janus Contrarian, India Capital Fund, India Equity Growth Fund/Real Estate, Hospitality and Construction | Private Equity | 271.4 | N.A |
Fame India | INOX Leisure/Media and Entertainment | Acquisition | 195.2 | 63.3 |
DPSC | Orbis Power Ventures (an SPV floated by SREI infrastructure Finance)/Infrastructure | Acquisition | 171.9 | 57 |
Orbit Corporation SPV (Orbit Highcity) | IL&FS Trust Company, IIRF India Realty X Ltd. (PE fund managed by IL and FS Investment Managers), Moltana Holdings/Real Estate, Hospitality & Construction | Private Equity | 165 | 21.6 |
Anagram Capital | Edelweiss Capital/Financial Services | Acquisition | 164 | 100 |
Greenko PLC | TPG and other investors/Infrastructure | Private Equity | 157.1 | N.A |
Ernst and Young is a leading M and 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 and Y do not undertake any responsibility with regard to any such decision. Data as on February 15, 2010. This list is not a complete list. |