Investment Summary

Exits Action Construction Equipment

On September 1, 2006, invested in machinery company Action Construction Equipment from ICICI Venture

Investment Highlights
  • This is transaction in the Machinery sector.
  • This is transaction in India.

Investment Summary
Date 2006-09-01
Target Action Construction Equipment
Sector Machinery
Sellers(s) ICICI Venture
Deal Type IPO

Target

Action Construction Equipment

Palwal, India
website
Action Construction Equipment is one of India's leading construction equipment manufacturers with over 50% market share in the mobile crane market. In addition to mobile cranes, Action also manufactures equipments like tower cranes, loaders, lorry loaders, etc. Besides its own products, the Company also markets imported construction equipment. Action has capitalized on the growth in the construction sector to achieve high growth over the past few years. Action Construction Equipment was founded in 1995 and is based in Palwal, India.

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Seller(S) 1

SELLER

ICICI Venture

Mumbai, India

Investor Investor Investor Investor Investor

website

Category Corporate Investor
Founded 1988
PE ASSETS 1.6B USD
Size Large
Type Sector Agnostic
DESCRIPTION

ICICI Venture is an India-focused investment firm that targets opportunities in private equity, real estate, and mezzanine finance with funds covering each investment strategy. ICICI's private equity practice looks for buyout and growth capital opportunities across sectors such as retail, media, information technology, consumer services, consumer goods, textiles, pharmaceuticals, biotech, oil, and non-consumer goods. ICICI Venture is a subsidiary of ICICI Bank and has offices in Mumbai and Bangalore.

DEAL STATS #
Overall 2 of 16
Sector (Machinery) 1 of 1
Type (IPO) 2 of 7
Country (India) 2 of 15
Year (2006) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-06-03 Centurion Bank of Punjab

Mumbai, India

Centurion Bank of Punjab Ltd. which primarily focused on retail, SMEs and agriculture, had a nationwide retail distribution reach with 240 branches and 386 ATMs.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-01-01 Reliance Petroleum

Mumbai, India

Reliance Petroleum Limited is setting up a 27 million metric tonnes per annum (mmtpa) Greenfield petroleum refinery and polypropylene plant in a Special Economic Zone in Jamnagar (Gujarat). The refinery will have a total atmospheric distillation capacity of approximately 580 kilo barrels per stream day (kbpsd). The polypropylene plant will have a capacity to produce 0.9 (mmtpa). Post completion, the refinery will rank as the sixth largest in the world.

Sell -
Mergr

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