DealCurry: Mergers & Acquisitions Deals

Tue, September 07, 2010

Mergers & Acquisitions

KEC International To Acquire SAE Towers For $95 Mn
by Deeshesh Chheda | September 07, 2010, 10:01 AM

KEC International Limited is set to buy SAE Towers Holdings LLC (SAE Towers) for $95 Mn from Washington-based private equity firm ACON Investments.

The transaction is expected to close in September 2010, subject to regulatory approvals and customary closing conditions.

This acquisition will strengthen KEC’s global leadership position in the large and growing markets of North America and Latin America. SAE Towers has a significant presence in geographic areas which are of substantial interest to KEC.

Headquartered in Houston, Texas, SAE Towers is the manufacturer of steel lattice transmission towers in US with annnual production capacity of 100,000 metric tons.

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Confidence Petro Acquires Bangalore-Based Sneha Petroleum
by Deeshesh Chheda | September 06, 2010, 05:48 PM

Confidence Petroleum India Limited (CPIL) has acquired Bangalore-based Sneha Petroleum.

Sneha Petroleum is engaged in providing services of LPG bottling, LPG storage facility and DPT job work for Bharat Petroleum.

This acquisition will help CPIL by way of feeding market of auto LPG, industrial LPG, LPG bottling assistance and DTP business in the Southern region. The acquisition will also help CPIL to save huge amount on storage of LPG required to feeds its auto LPG stations (ALDS) in Karnataka, Tamil Nadu, Andhra Pradesh and nearby markets.

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Prism Informatics To Buy 51% In A Saudi Firm IMT
by Deeshesh Chheda | September 06, 2010, 05:35 PM

Prism Informatics Limited is set to buy 51% stake in Information Management Technologies Company Limited (IMT), a subsidiary of Al Suwaidi Holding Company.

Prism Informatics has signed a memorandum of understanding (MoU) with Al Suwaidi Holding Company for purchase of 51% stake in Information Management Technologies (IMT) that provides IT solution services in the Middle East.

IMT is a technology solutions provider in IS security, IT infrastructure management, enterprise mobility & business applications.

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Spedag Group Acquires Controlling Stake In PL Shipping
by Irfan Khan | September 06, 2010, 05:28 PM

Switzerland based M+R Spedag Group has acquired a contolling stake in PL Shipping & Logistics Limited in an all cash deal. The deal size is estimated to be around 480 Mn Swiss Francs.

This investment will be used to incorporate two new firms. The incorporation is expected to offer Spedag’s customers and agent partners’ access to an extended Asian network, enhanced IT capabilities and an increased scope of services.

Post deal, Daniel Richner, owner and president of M+R Spedag will become the chairman of PL Shipping and Logistics.

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GTL Infra, R-Infratel Merger Called Off
by Deeshesh Chheda | September 06, 2010, 02:09 PM

The mega merger in the telecom tower space of Rs.50,000 crore ($11 billion) between Anil Ambani's Reliance Infratel (R-Infratel) and Manoj Tirodkar's GTL Infrastructure has been called off as both sides failed to reach an agreement.

GTL Infra's Board of Directors had earlier given an in-principle approval for the merger of Reliance Infratel Ltd's tower assets into the Company.

But, after a careful review, the Committee of Directors in their meeting held on September 6, has conveyed that the Non-Binding Term Sheet signed by both parties dated June 27, expired on August 31.

Subsequently, despite efforts, both parties have neither extended the Term Sheet nor entered into any definitive transaction agreements as envisaged therein. Consequently, the process of merger as originally contemplated would not take place.

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BSE Plans To Buy 51% Stake In CAMS For Rs 650 Cr

ADAG Buys 15% In KGS Developers For Rs 225 Cr

Reliance Cap Trustee Acquires 8.68% Stake In Trent For Rs 21.2 Cr

Cipla To Acquire 25% In Cipla Medpro's Manufacturing Unit

Weir Group Acquires BDK Engineering's Valve Business

Latest DealCurry Notes

PE Fund SIDOFI Communication To Buy 10% In Asianet

September 07, 2010, 10:48 AM | Deeshesh Chheda

Mauritius-based private equity fund SIDOFI Communication Investment is set to acquire nearly 10% stake in Kerala-based broadcaster Asianet Communication Limited (ACL), which is backed by leading broadcaster Star TV India.

SIDOFI will buy this stake from another Mauritius-based private equity fund Americorp Ventures. Americorp bought 9.33% stake in Asianet in 2005 for Rs.6.6 crore valuing Asianet at Rs.70 crore.

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M&A

»	KEC International To Acquire SAE Towers For $95 Mn
»	Confidence Petro Acquires Bangalore-Based Sneha Petroleum
»	Prism Informatics To Buy 51% In A Saudi Firm IMT
»	Spedag Group Acquires Controlling Stake In PL Shipping

PRIVATE EQUITY

»	Clearwater Capital Acquires 9.99% Stake in Oricon Enterprises
»	Baer Capital Plans New PE Fund, To Raise $300 Mn
»	Cethar Vessels Plans To Raise Rs 400 Cr PE
»	Zenox Lifesciences To Raise PE Funding

VENTURE CAPITAL

»	Lok Capital, Aavishkaar Invest Rs 17.5 Cr In Pune MFI Suryoday
»	Aavishkaar Partially Exits Servals Automation, Shree Kamdhenu
»	Vriti Infocom Raises Series-B Funding From JAFCO Asia, Intel Capital
»	IFC To Invest In Receivable Management Firm India Collections

I.P.O. / OFFERINGS

»	Shilpi Cable Files DRHP To Raise Rs 56 Cr Via IPO
»	Murli Industries To Raise Rs 1000 Cr To Fund Its Projects
»	Reliance MediaWorks To Raise Rs 500 Cr Via QIP
»	Elder Pharma Plans To Raise $50 Mn QIP