Ascent Capital Mergers and Acquisitions Summary

Private Equity Profile

Ascent Capital’s most common sectors for investment are financial services (14%) and retail (9%). The Firm’s most common investment types include venture (44%) and growth capital (27%). In total, Ascent Capital has invested in 1 US state and 2 different countries. Its largest (disclosed) acquisition occurred in 2006 when it acquired Consolidated Construction Consortium for $120M.

The Firm’s most common exit type is secondary sale (50%). Ascent Capital’s largest (disclosed) exit occurred in 2008 when it sold Excelsoft Technologies Pvt. for $2M.

Join Mergr to view Ascent Capital’s full profile and discover more middle-market private equity firms just like it.

M&A Summary

  • M&A Total Activity25
    • M&A Buy Activity23
    • M&A Sell Activity2
  • Total Sectors Invested 18
  • Total Countries Invested 2
  • M&A Buy/Sell Connections 3

Ascent Capital

16th Floor, UB City, #24 Vittal Mallya Road,
Bangalore, 560001
India
+91 80 3055 1230
www.ascentcapital.in
info@ascentcapital.in

Ascent Capital is a private equity firm focused on growth capital investments in promising Indian companies driven by 'visionary leadership'. In addition to providing growth financing, Ascent also helps young companies attract senior management talent and maintain high standards of corporate governance in preparation for an exit. Ascent invests in the range of $10 - $30 million per transaction. Ascent prefers investing in sectors that leverage India's outsourcing strengths, benefit form the country's infrastructure boom, and address a growing consumer market. Ascent Capital was formed in 2000 and is based in Bangalore.


Investment Criteria

Sectors of Interest: Business Services, Construction, Consumer Products, Electrical Equipment, Electronics, Energy Services and Equipment, Financial Services, Food, Information Technology, Infrastructure, Machinery, Manufacturing, Marketing, Media, Oil/Gas Exploration, Renewable Energy, Retail, Software

Target Transaction Types: Buyout (LBO, MBO, MBI), Growth Capital, Venture

Geographic Preferences: Central Asia/India

Transaction Criteria Min Max
Target Revenue - -
Target EBITDA - -
Investment Size 10 30
Enterprise Value - -
values in millions of USD

M&A Summary

Buy vs Sell

Year ≤ '15 '16 '17 '18 '19 '20 T
Buy (0.0/yr) # 23 - - - - - 23
vol $294M $294M
Sell (0.0/yr) # 2 - - - - - 2
vol $3M $3M
  25

Most Recent M&A

Company Date Value Type
People Combine Avenues Ltd. 2013-09-27 - Venture
Hyderabad, India · www.peoplecombine.com
Skanray Technologies Private Ltd. 2013-09-03 15M USD Growth Capital
Mysore, India · www.skanray.com
Credit Analysis and Research Ltd. 2013-08-30 4M USD Growth Capital
Mumbai, India · www.careratings.com
The Ratnakar Bank Ltd. (RBL Bank) 2013-01-01 55M USD Venture
Kolhapur, India · www.ratnakarbank.co.in
BigBasket.com 2012-03-05 - Venture
Bangalore, India · www.bigbasket.com
Kerala Institute of Medical Sciences Pvt. Ltd. 2012-01-25 3M INR Stake Purchase
Thiruvananthapuram, India · www.kimskerala.com
Karaikal Port Pvt. Ltd. 2011-09-16 - Growth Capital
Sholinganallur, India · www.karaikalport.com
Primus Retail Pvt. Ltd. 2011-02-22 2M INR Trade Sale - Public Company
Hyderabad, India · www.primusretail.com
IVRCL Limited 2010-10-04 - Stake Purchase
Hyderabad, India · www.ivrcl.com
GMR Energy Ltd. 2010-06-05 7M INR Buyout (LBO, MBO, MBI)
Bhubaneswar, India · www.gmrgroup.co.in
View All >>

M&A by Sector

Sector Current # Value All-time # Value
Financial Services 2 (14%) 59M (35%) 3 (13%) 64M (22%)
Construction 1 (7%) - 2 (9%) 120M (41%)
Healthcare Services 2 (14%) 17M (10%) 2 (9%) 17M (6%)
Retail - - 2 (9%) -
Energy Services and Equipment 1 (7%) 65M (39%) 1 (4%) 65M (22%)
Software 1 (7%) 16M (9%) 1 (4%) 16M (5%)
Infrastructure 1 (7%) 7M (4%) 1 (4%) 7M (2%)
Electrical Equipment 1 (7%) 3M (2%) 1 (4%) 3M (1%)
Renewable Energy - - 1 (4%) 2M (1%)
Information Technology - - 1 (4%) 662K (< 1%)
Business Services - - 1 (4%) -
Consumer Products - - 1 (4%) -
E-Commerce 1 (7%) - 1 (4%) -
Education 1 (7%) - 1 (4%) -
Machinery 1 (7%) - 1 (4%) -
Manufacturing - - 1 (4%) -
Marine 1 (7%) - 1 (4%) -
Marketing 1 (7%) - 1 (4%) -
Total 14 $167M 23 $294M

Acquisitions By Geo

State/Country Current # Value All-time # Value
India 13 (93%) 167M (100%) 22 (96%) 294M (100%)
United States 1 (7%) - 1 (4%) -
  Virginia 1 (7%) - 1 (4%) -
Domestic 13 (93%) 167M (100%) 22 (96%) 294M (100%)
Cross-border 1 (7%) - 1 (4%) -
Total 14 $167M 23 $294M

Acquisitions by Deal Type

Type Current # Value All-time # Value
Venture 3 (21%) 55M (33%) 10 (43%) 183M (62%)
Growth Capital 4 (29%) 34M (20%) 6 (26%) 34M (12%)
Buyout (LBO, MBO, MBI) 5 (36%) 75M (45%) 5 (22%) 75M (25%)
Stake Purchase 2 (14%) 3M (2%) 2 (9%) 3M (1%)
Total 14 $167M 23 $294M

Exits by Deal Type

Type Total # Value
Secondary Sale 1 (50%) 2M (56%)
Trade Sale - Public Company 1 (50%) 2M (44%)
Total 2 $3M

Deal Values

buy # Total
$100M to $1B 1 $120M
< $100M 11 $174M
TOTAL $294M
Largest Consolidated Construction Consortium Ltd.
$120M (2006-03-01)
sell # Total
< $100M 2 $3M
TOTAL $3M
Largest Excelsoft Technologies Pvt. Ltd.
$2M (2008-04-24)

Investor Summary

Size

Middle-Market

PE Assets

600M USD

Established

2000

Specialist/Generalist

Generalist

Leadership

Raja Kumar

Founder & CEO

Ajay Mittal

Founding Member & Partner

A. P. Vasantha Kumar

Founding Member & Partner

Subhasis Majumder

Partner

Sunil Kolangara

Partner

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