M&A Deal Summary

Baring Private Equity Partners India Pvt. and Kotak Private Equity Group Acquires Muthoot Finance

On July 29, 2010, private equity firms Baring Private Equity Partners India Pvt. Ltd. and Kotak Private Equity Group acquired financial services company Muthoot Finance Ltd. for 157M INR

Acquisition Highlights
  • This is Baring Private Equity Partners India Pvt.’s 1st and Kotak Private Equity Group’s 2nd transaction in the Financial Services sector.
  • This is Baring Private Equity Partners India Pvt.’s 3rd and Kotak Private Equity Group’s 0th largest (disclosed) transaction.
  • This is Baring Private Equity Partners India Pvt.’s 8th and Kotak Private Equity Group’s 21st transaction in India.

M&A Deal Summary

Date 2010-07-29
Target Muthoot Finance Ltd.
Sector Financial Services
Buyer(s) Baring Private Equity Partners India Pvt. Ltd.
Kotak Private Equity Group
Deal Type Buyout (LBO, MBO, MBI)
Deal Value 157M INR

Target

Muthoot Finance Ltd.

Kochi, India
website
Muthoot Finance is a player and one of the most respected brands in the Non Banking Finance segment in India with primary business of lending against gold collateral. Muthoot Finance was founded in 1887 and is based in Kochi, India.

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Buyer(S) 2

Buyer

Baring Private Equity Partners India Pvt. Ltd.

Gurgaon, India

Investor Investor

website


Category Private Equity Firm
Founded 2004
PE ASSETS 1.1B USD
SizeLarge
Type Sector Agnostic
DESCRIPTION

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.


DEAL STATS #
Overall 12 of 17
Sector (Financial Services) 1 of 2
Type (Buyout (LBO, MBO, MBI)) 4 of 4
Country (India) 8 of 13
Year (2010) 2 of 4
Size (of disclosed) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-07-20 PharmARC Analytic Solutions Pvt. Ltd.

Bangalore, India

PharmARC is a global sales and marketing analysis company, dedicated to the pharmaceutical industry and allied consultants worldwide. It provides high-end sales and marketing analytics and business intelligence services. The company believes it can enhance the value of customer projects at a significantly economical cost while retaining excellence and accuracy. Its customers include 12 of the top 20 Pharmaceutical companies in the world.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-08-16 Shilpa Medicare Ltd.

Raichur, India

Shilpa Medicare is a manufacturer and exporter of high-quality Active Pharmaceutical Ingredients, Intermediates and speciality chemical products to major pharmaceutical companies across the globe. Shilpa Medicare was founded in 1987 and is based in Raichur, India.

Buy -
Buyer

Kotak Private Equity Group

Mumbai, India

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 2005
PE ASSETS 1.4B USD
SizeLarge
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 21 of 24
Sector (Financial Services) 2 of 3
Type (Buyout (LBO, MBO, MBI)) 3 of 3
Country (India) 21 of 24
Year (2010) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-07-28 Diamond Power Infrastructure Ltd.

Vadodara, India

Diamond Power Infrastructure Ltd is a fully integrated power solutions company that manufactures transmission and distribution equipment and provides turnkey EPC services. The Vadodara-based company's comprehensive portfolio of products includes power cables, power and distribution transformers, transmission and distribution conductors and transmission towers.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-12-30 Metahelix Life Sciences Ltd.

Bangalore, India

Metahelix is an agricultural biotechnology company focusing on developing traits and technologies for crop protection & improved productivity. Metahelix also provides customized research to select global Ag-biotech business using its proprietary technologies in crop transformation and functional genomics.

Sell -