Baring Private Equity Partners India Pvt. Mergers and Acquisitions Summary

Private Equity Profile

Baring Private Equity Partners India Pvt.’s most common sectors for investment are life science (24%) and information technology (18%). The Firm’s most common investment types include growth capital (48%) and buyout (lbo, mbo, mbi) (24%). In total, Baring Private Equity Partners India Pvt. has invested in 2 US states and 2 different countries. Its largest (disclosed) acquisition occurred in 2012 when it acquired RMZ for $100M.

The Firm’s most common exit type is trade sale (50%).

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M&A Summary

  • M&A Total Activity21
    • M&A Buy Activity17
    • M&A Sell Activity4
  • Total Sectors Invested 9
  • Total Countries Invested 2
  • M&A Buy/Sell Connections 6
  • M&A Advisors 1

Baring Private Equity Partners India Pvt. Ltd.

9th Floor, Infinity Tower A, DLF Phase II,
Gurgaon, 122002
India,
+91-124-4321133
www.bpepindia.com
partnerships@bpepindia.com

Baring Private Equity Partners India (BPEP India) is an India focused private equity firm. The Group targets mid-market transactions and looks for companies with excellent management, recognized brands, strong distribution, and sustainable growth/cash-flows. Sectors of interest include information technology, life science, banking, financial services, insurance, energy, infrastructure, and consumer goods. The Firm will consider both control and minority investment positions. BPEP India was originally part of the Baring Private Equity Partners Group and became independent from the group and parent ING in 2004. BPEP India is based in Gurgaon.


Investment Criteria

Sectors of Interest: Business Services, Chemicals, Consumer Products, Energy Services and Equipment, Financial Services, Information Technology, Infrastructure, Insurance, Life Science, Manufacturing, Oil/Gas Exploration, Publishing, Renewable Energy, Software

Target Transaction Types: Buyout (LBO, MBO, MBI), Growth Capital, Secondary Buyout, Stake Purchase

Geographic Preferences: Central Asia/India

Transaction Criteria Min Max
Target Revenue - -
Target EBITDA - -
Investment Size - -
Enterprise Value - -

M&A Summary

Buy vs Sell

Year ≤ '15 '16 '17 '18 '19 '20 T
Buy (0.0/yr) # 17 - - - - - 17
vol $232M $232M
Sell (0.0/yr) # 4 - - - - - 4
  21

Most Recent M&A

Company Date Value Type
Manappuram Finance Ltd. 2012-07-20 - Stake Purchase
Kerala, India · www.manappuram.com
Marico Ltd. 2012-04-10 - PIPE
Mumbai, India · www.marico.com
RMZ Corp. 2012-02-02 100M USD Growth Capital
Ulsoor, India · www.rmzcorp.com
PharmARC Analytic Solutions Pvt. Ltd. 2012-01-25 - Add-on Acquisition
Bangalore, India · www.pharmarc.com
Muthoot Finance Ltd. 2011-04-13 - IPO
Kochi, India · www.muthootfinance.com
Cethar Ltd. 2010-12-30 90M USD Growth Capital
Tiruchirapalli, India · www.cethar.com
Shilpa Medicare Ltd. 2010-08-16 - Stake Purchase
Raichur, India · www.vbshilpa.com
Muthoot Finance Ltd. 2010-07-29 2M INR Buyout (LBO, MBO, MBI)
Kochi, India · www.muthootfinance.com
PharmARC Analytic Solutions Pvt. Ltd. 2010-07-20 - Going Private
Bangalore, India · www.pharmarc.com
ReaMetrix, Inc. 2009-11-24 - Growth Capital
San Carlos, California · www.reametrix.com
View All >>

M&A by Sector

Sector Current # Value All-time # Value
Life Science 4 (31%) 10M (4%) 4 (24%) 10M (4%)
Information Technology 2 (15%) - 3 (18%) 2M (1%)
Consumer Products 1 (8%) - 2 (12%) 4M (2%)
Financial Services 1 (8%) - 2 (12%) 2M (1%)
Business Services 1 (8%) - 2 (12%) -
Real Estate 1 (8%) 100M (45%) 1 (6%) 100M (43%)
Manufacturing 1 (8%) 90M (40%) 1 (6%) 90M (39%)
Renewable Energy 1 (8%) 22M (10%) 1 (6%) 22M (10%)
Software 1 (8%) 2M (1%) 1 (6%) 2M (1%)
Total 13 $224M 17 $232M

Acquisitions By Geo

State/Country Current # Value All-time # Value
India 10 (77%) 224M (100%) 14 (82%) 232M (100%)
United States 3 (23%) - 3 (18%) -
  California 2 (15%) - 2 (12%) -
  Pennsylvania 1 (8%) - 1 (6%) -
Domestic 10 (77%) 224M (100%) 14 (82%) 232M (100%)
Cross-border 3 (23%) - 3 (18%) -
Total 13 $224M 17 $232M

Acquisitions by Deal Type

Type Current # Value All-time # Value
Growth Capital 8 (62%) 214M (96%) 8 (47%) 214M (92%)
Buyout (LBO, MBO, MBI) 2 (15%) 10M (4%) 4 (24%) 16M (7%)
Stake Purchase 2 (15%) - 2 (12%) -
Secondary Buyout - - 1 (6%) 2M (1%)
Going Private - - 1 (6%) -
PIPE 1 (8%) - 1 (6%) -
Total 13 $224M 17 $232M

Exits by Deal Type

Type Total # Value
IPO 1 (25%) -
Secondary Sale 1 (25%) -
Trade Sale 1 (25%) -
Trade Sale - Public Company 1 (25%) -
Total 4 -

Top M&A Advisors

Legal Deals
Luthra & Luthra
1

Deal Values

buy # Total
< $100M 8 $232M
TOTAL $232M
Largest RMZ Corp.
$100M (2012-02-02)

M&A Connections

Deals %
Acquired from
PE Firm(s)
100%
1 100%
Exited to
PE Firm(s)
33%
1 33%
Strategic(s)
67%
2 67%