M&A Deal Summary

Kotak Private Equity Group and SIDBI Venture Capital Acquire Dynaspede

On May 9, 2006, private equity firm Kotak Private Equity Group and growth capital firm SIDBI Venture Capital acquired electronics company Dynaspede for 30M INR

Acquisition Highlights
  • This is Kotak Private Equity Group’s 1st and SIDBI Venture Capital’s 1st transaction in the Electronics sector.
  • This is Kotak Private Equity Group’s and SIDBI Venture Capital’s 3rd largest (disclosed) transaction.
  • This is Kotak Private Equity Group’s 10th and SIDBI Venture Capital’s 5th transaction in India.

M&A Deal Summary
Date 2006-05-09
Target Dynaspede
Sector Electronics
Buyer(s) Kotak Private Equity Group
SIDBI Venture Capital
Deal Type Buyout (LBO, MBO, MBI)
Deal Value 30M INR

Target

Dynaspede

Hosur, India
Dynaspede specialises in design and manufacture of electro-mechanical components and sub-systems for a wide spectrum of industries in two business sectors, Mechatronics and Power Systems. It has extended service offerings in Engineering design, Product development, Prototyping and Testing. Dynaspede also offers contract manufacturing facilities and distribution services for its partners through its network. Dynaspede was founded in 1978 and is based in Hosur, India.

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Buyer(S) 2

Buyer

Kotak Private Equity Group

Mumbai, India

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2005
PE ASSETS 1.4B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Kotak Private Equity Group (KPEG) is the private equity investment arm of financial services firm, Kotak Mahindra Group. KPEG looks to invest $20 to $40 million in a variety of mid-sized Indian companies to support expansion, acquisitions, or buyouts KPEG targets businesses with strong management and growth potential operating in fragmented industries. Sectors of interest include life science, retail, media/entertainment, light manufacturing, agriculture, food processing, healthcare, distribution, and IT/software. Kotak is based in Mumbai.

DEAL STATS #
Overall 10 of 24
Sector (Electronics) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 1 of 3
Country (India) 10 of 24
Year (2006) 3 of 3
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-04-01 NovaLead Pharma Pvt.

Pune, India

NovaLead Pharma Pvt. Ltd. is a drug discovery and development company focused on finding new indications for generic drugs. Enabled by proprietary technology platform, NovaLead follows a differenciated research approach of finding new targets for generic drugs thereby creating new indication opportunity.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-03-14 9X Media Pvt.

Mumbai, India

9X Media Pvt. Ltd. is a television broadcasting company operating 9XM, India’s major Hindi music channel. 9XM combines trendy Bollywood music with its own lovable animated characters, who sizzle up the songs with their non-stop whacky humour.

Buy -
Buyer

SIDBI Venture Capital

Navi Mumbai, India
Category Growth Capital Firm
Founded 1999
Size Small
Type Sector Agnostic
DESCRIPTION

SIDBI Venture Capital Limited is a private investment firm that seeks growth oriented investment opportunities across India. In addition to early stage company commitments, SIDBI Venture will also consider growth investments in businesses with a track record of proven technology or business model. Sectors of interest include life sciences, retailing, light engineering, food processing, information technology, infrastructure related services, healthcare, logistics and distribution. SIDBI Venture Capital was formed in 1999 and is based in Mumbai.

DEAL STATS #
Overall 5 of 50
Sector (Electronics) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 2 of 14
Country (India) 5 of 47
Year (2006) 1 of 6
Size (of disclosed) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-01-01 Carzonrent

Delhi, India

Carzonrent is the licensee of Hertz for India. The Company offers Chauffer drive, Self drive, Fleet Management Services and Limousine Services. carzonrent was founded in 2000 and is based in Delhi, India.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-05-30 Indo Shell Mould

Coimbatore, India

Indo Shell Mould Ltd. manufacturer of ferrous and non-ferrous shell moulded casting components for two-wheeler automobile industry, hydraulic industry and home appliances.

Buy -
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