BT-Ernst & Young Deal Watch
Vijay Mallya-promoted United Breweries (UB) has decided to merge Millennium Alcobev and its subsidiaries with itself, in what is being seen as a consolidation of its beer business and integration of brewing capacities. Millennium Alcobev, a joint venture between UB and global beer major Heineken, and its subsidiaries account for approximately 10 per cent of India's brewing capacity.
Online education provider Core Projects and Technologies has acquired Georgia-based Technical System Integrators (TSI) and New York-based Keenan and Keenan Group (KKG) for approximately $20 million with a view to expand its footprint in the US education market. This deal will specifically enable Core Projects to provide end-to-end solutions in the K-12 and higher education segments in the US with an expanded service portfolio.
TARGET | ACQUIRER | INDUSTRY | TYPE | DEAL VALUE (Rs crore) | STAKE (%) |
SAE Towers Holdings | KEC International | Industrial products | Acquisition | 447 | 100 |
KGS Developers | Reliance Communications | Infrastructure | Investment | 226 | 15 |
Micromax Informatics | Sandstone Capital, Sequoia Capital | Telecom | Private equity | 205 | NA |
Millennium Alcobev | United Breweries | Consumer products | Acquisition | 197 | NA |
Cholamandalam Investment & Finance | Aquarius Investment Advisors, Amansa Capital | Financial services | Private equity | 150 | NA |
Credit Analysis & Research | A. Birla Equity, Bajaj Holdings & Investment | Professional services | Private equity | 150 | 10 |
Vishal Retail | TPG VW | Retail | Private equity | 102 | 100 |
Kale Consultants | Accelya Holding World SL | Technology | Investment | 98 | 36 |
Tech Systems Integrators LLC, and KKG | Core Projects | Technology | Acquisition | 94 | 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. Data as on September 27, 2010. This list is not a complete list. | |||||
