June 2010
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RSB acquires 70% stake in Belgian engineering firm

RSB Transmissions, engaged in manufacturing of automotive, construction and farm equipment, has acquired, through its Netherland based arm RSB Europe BV, 70 per cent stake in the Belgium based construction equipment aggregate manufacturer MSI (Mechanical Supplies International) for an undisclosed sum. RSB currently has 10 manufacturing plants spread over 7 locations in India and the USA While the turnover of MSI stood at 21 million Euro in the pre-recession period, its new owners now hope to take the turnover to 28 million Euro by 2012 without any additional investment. The Belgian company, situated in the city of Tessenderlo, manufactures heavy fabrication aggregates for excavators, off-highway machines and windmills which are similar to the products of RSB manufactured in its Jamshedpur, Dharwad and Chennai plants. […]

PE firm Warburg Pincus invests $85 mn in Metropolis Healthcare

Private equity firm Warburg Pincus India Pvt. Ltd has invested $85 million (around Rs390 crore) in Mumbai-based Metropolis Healthcare Ltd, a chain of diagnostic laboratories. The deal provides an exit for ICICI Venture Funds Management Co. Ltd, which hadinvested Rs35 crore in Metropolis in 2006. Apart from ICICI's stake sale to Warburg Pincus, the deal also includes additional capital infusion intoMetropolis by Warburg Pincus. The size of the stake acquired by Warburg Pincus was not disclosed. Metropolis has 55 laboratories, of which 45 are in India and the remaining 10 in South Africa, Sri Lanka and West Asia. “The funds are going to be used for inorganic growth,” said Ameera Patel, executive director and chief executiveof Metropolis. “We plan to start five greenfield laboratories and do four-five acquisitions.” […]