Deal street buzzing with M&As worth $50bn
Of the 58 Merger and acquisitions struck in November alone by India Inc, cross-border deals cornered a lion's share. 11 tips to grow beyond start-up phase
By TNN |
NEW DELHI: Merger and acquisitions (M&A) by India Inc in 2007 crossed the $50-billion mark, with one more month still to go. According to data compiled by consultancy major Grant Thornton, in November, India Inc sealed deals worth $940 million, taking the total for 11 months this year to $50.79 billion from 638 deals.
A total of 58 M&A deals were announced in November against 51 deals amounting to $610 million in October, according to the report. Cross-border deals accounted for a large pie of the deals in November, totalling $830 million from 32 deals compared to 26 domestic deals (wherein both the acquirer and target company were Indian), which had an announced value of $110 million.
Out of the 32 cross-border deals, 22 were outbound, wherein Indian companies acquired businesses worth $690 million overseas and 10 were inbound with an announced value of $130 million.
Significant deals during the month were DLF acquisition of Aman Resorts for $250 million, Plethico Pharmaceutical’s buyout of Natrol for $171.89 million and Bajaj Auto’s acquisition of 14.50% stake in KTM Power Sports AG in Austria for $81.40 million.
Meanwhile, the total number of private equity (PE) deals announced during November stood at 38 with an announced value of $2.3 billion against 43 deals amounting to $1.8 billion in October.
The most significant PE deals were $800 million investment by ICICI Venture Funds Management in Jaypee Infratech, a subsidiary of the Jaypee Group and Merrill Lynch’s $377-million fund infusion in seven residential housing projects of DLF.
The other major PE deals were Goldman Sach’s $250 million investment in Vatika group. The total number of PE deals during the 11 months stood at 374, with an announced value of $15.920 billion.
A total of 58 M&A deals were announced in November against 51 deals amounting to $610 million in October, according to the report. Cross-border deals accounted for a large pie of the deals in November, totalling $830 million from 32 deals compared to 26 domestic deals (wherein both the acquirer and target company were Indian), which had an announced value of $110 million.
Out of the 32 cross-border deals, 22 were outbound, wherein Indian companies acquired businesses worth $690 million overseas and 10 were inbound with an announced value of $130 million.
Significant deals during the month were DLF acquisition of Aman Resorts for $250 million, Plethico Pharmaceutical’s buyout of Natrol for $171.89 million and Bajaj Auto’s acquisition of 14.50% stake in KTM Power Sports AG in Austria for $81.40 million.
Meanwhile, the total number of private equity (PE) deals announced during November stood at 38 with an announced value of $2.3 billion against 43 deals amounting to $1.8 billion in October.
The most significant PE deals were $800 million investment by ICICI Venture Funds Management in Jaypee Infratech, a subsidiary of the Jaypee Group and Merrill Lynch’s $377-million fund infusion in seven residential housing projects of DLF.
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The other major PE deals were Goldman Sach’s $250 million investment in Vatika group. The total number of PE deals during the 11 months stood at 374, with an announced value of $15.920 billion.
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