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Cadila Healthcare Ltd has announced that its second overseas acquisition this year, the Company signed an agreement to acquire 100% stake in Quimica e Farmaceutica Nikkho do Brasil Ltda. (Nikkho), a mid-sized, privately held Company in Brazil. The Company is profit raking and had posted sales of US$ 26 mn for the Calendar Year 2006. The consideration paid represents sales multiple of around 1. […] The growing global discomfort over private equity (PE) groups is finding some resonance in India, too. Policymakers are planning to monitor their activities and investments to firm up views on whether norms applied on PEs need a review. Several top PE groups such as Blackstone, Carlyle Group, Warburg Pincus, CVC, Actis and Temasek have invested in scores of firms in India, driven by expectations of good returns in an economy growing at over 8% annually. […] First it was speculators and investors who rode the three-year real estate boom in India. Householders and companies followed, buying homes and commercial spaces. And now, lured by the massive opportunity and high returns, private equity (PE) is foraying into Indian real estate in a big way. While 2006 saw private equity investments worth $500 million (Rs 2,080 crore), the first six months of 2007 have already seen deals worth about $755 million (Rs 3,145 crore) announced. […] Another round of consolidation in the aviation sector may not be far away. The Wadias who own GoAir are willing to offload upto 26% stake in the company and are evaluating proposals from FIIs, strategic investors and private equity players. […] India Hospitality Corp (IHC) is buying Mumbai’s Mars Restaurants from Malaysian private equity fund Navis Capital Partners. It also has the option to buy restaurant chain Nirula’s from Navis by the year-end. IHC is a special purpose acquisition corporation (SPAC) promoted by two US-based entrepreneurs, hospitality sector investment and research analyst Jason Ader and entrepreneur-designer Andrew Sasoon, to acquire Indian businesses or assets in the hospitality and related industries. […] After years of silence, private equity groups are back on the prowl for Indian IT and BPO companies. Here’s why buyout firms are back to cutting deals. Flush with cash, private equity firms are gunning for deals in the Indian IT and BPO industry. After leading private equity firm Blackstone picked up an 80% stake in BPO firm Intelenet, rival PE firms like 3i and Carlyle are said to be in the race for Citigroup's BPO arm. […] Bank of India has signed the acquisition deed for acquiring 76% stake in PT Bank Swadesi, Indonesia. […] US-based scientific instruments maker PerkinElmer has acquired the 49% stake held by its Indian joint venture partner Labindia Instruments in PerkinElmer India for an undisclosed amount. The 51:49 joint venture was formed three years back and is believed to be clocking revenues of more than Rs 100 crore. PerkinElmer is engaged in the area of designing, manufacturing, marketing and servicing products and systems for life and analytical sciences and optoelectronics. […] Two mega deals brewing on Dalal St promise to set mind-boggling benchmarks on how much a broking house can possibly pay to attract equity research and investment banking talent in India. Japanese financial services powerhouse Nomura Holdings is close to acquiring Enam Financial Consultants, one of India’s leading institutional broking and investment banking firms with revenues of around Rs 1,500 crore. […] India on Thursday facilitated steel baron L N Mittal's foray into oil refining by allowing him to pick 49 per cent stake in Hindustan Petroleum Corp's Bhatinda refinery, which would become the single largest FDI recipient in the sector. Mittal Investments plans to acquire the stake in the 9 million tons per annum refinery for Rs 3,365 crore through its 100 per cent arm Mittal Energy Investments Pte Ltd, incorporated in Singapore. […] |