M&A Deal Summary

New Silk Route Acquires KS Oils

On June 30, 2009, growth capital firm New Silk Route acquired consumer products company KS Oils from Baring Private Equity Asia and CVC Capital Partners for 90M USD

Acquisition Highlights
  • This is New Silk Route’s 1st transaction in the Consumer Products sector.
  • This is New Silk Route’s largest (disclosed) transaction.
  • This is New Silk Route’s 8th transaction in India.

M&A Deal Summary

Date 2009-06-30
Target KS Oils
Sector Consumer Products
Buyer(s) New Silk Route
Sellers(s) Baring Private Equity Asia
CVC Capital Partners
Deal Type Secondary Buyout
Deal Value 90M USD

Target

KS Oils

Morena, India
website
K S Oils Limited is a Fast Moving Consumer Goods edible oil player from India with two leading brands, Double Sher and Kalash. KS Oils was founded in 1985 and is based in Morena, India.

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Buyer(S) 1

Buyer

New Silk Route

New York, New York, United States

Investor Investor Investor

website


Category Growth Capital Firm
Founded 2006
PE ASSETS 1.4B USD
Size Large
Type Sector Agnostic
DESCRIPTION

New Silk Route Partners LLC (NSR Partners) is a private equity firm focused on investing in rapidly growing companies in Asia and the Middle East. NSR seeks to fund companies in need of financing to accelerate growth, established businesses looking to enter new verticals, diversified companies trying to unlock value in subsidiaries, and buyouts with growth potential. Sectors of interest include consumer services, infrastructure, communications, IT, manufacturing, engineering, and financial services. New Silk Route was formed in 2006 and has offices in New York City, Mumbai, Bangalore, and Dubai.


DEAL STATS #
Overall 10 of 18
Sector (Consumer Products) 1 of 1
Type (Secondary Buyout) 2 of 2
Country (India) 8 of 15
Year (2009) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-08-01 Destimoney

Mumbai, India

Destimoney is a full service financial organizations . Company distributes third party financial products and provides retail broking services. Destimoney was founded in 2006 and is based in Mumbai, India.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-03-02 Nectar Lifesciences

Chandigargh, India

Nectar Lifesciences is a Research Driven pharmaceutical organization, engaged in manufacturing and delivering high quality pharmaceutical products. Nectar Lifesciences was founded in 1995 and is based in Chandigarh, India.

Buy -

Seller(S) 2

SELLER

Baring Private Equity Asia

Hong Kong, China

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1997
PE ASSETS 17.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Baring Private Equity Asia is an Asia-focused private equity group specializing in growth equity investments and buyouts of companies valued between $300 million and $1.5 billion. Baring looks for companies that require capital for organic expansion, recapitalizations, or to fund acquisitions. The Group's geographic coverage spans China, India, Japan, Singapore, Hong Kong, and Taiwan. Baring Private Equity Asia was formed in 1997 and is based in Hong Kong.


DEAL STATS #
Overall 1 of 21
Sector (Consumer Products) 1 of 3
Type (Secondary Buyout) 1 of 6
Country (India) 1 of 3
Year (2009) 1 of 1
Size (of disclosed) 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-09-01 Nord Anglia Education

Hong Kong, China

Nord Anglia Education, Inc. is an international operator of premium schools, serving students from kindergarten through the end of secondary school (K-12). Together, they educate more than 37,000 students from kindergarten through to the end of secondary education. Providing high-quality education to both expatriates and local students in the markets where it operates, Nord Anglia attracts top teaching talent globally and has established collaborations with leading post-secondary institutions, including The Juilliard School, the Massachusetts Institute of Technology and King's College London.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-10-30 Hsufuchi

Dongguan, China

Hsufuchi, Inc. is a confectionary and snack food producer in China.

Buy -
SELLER

CVC Capital Partners

Luxembourg, Luxembourg

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1981
PE ASSETS 177.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

CVC Capital Partners is a global private equity firm focused on investments in large companies located in Europe, North America, and Asia. CVC looks for opportunities with stable cash flows and talented management, and will consider businesses in a variety of industries. Target sectors include textiles, industrial products, waste management, building materials, energy/utilities, business services, financial services, distribution, healthcare, media, semiconductors, and gaming. CVC can handle transactions valued from €200 million to €10 billion. CVC Capital Partners was formed in 1981 and is based in Luxembourg.


DEAL STATS #
Overall 71 of 171
Sector (Consumer Products) 5 of 10
Type (Secondary Buyout) 18 of 41
Country (India) 1 of 1
Year (2009) 3 of 4
Size (of disclosed) 51 of 53
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-06-12 MagnaChip

Luxembourg, Luxembourg

MagnaChip is a designer, developer and manufacturer of mixed-signal and digital multimedia semiconductors. It focuses on CMOS image sensors and flat panel display drivers designed for a wide variety of consumer electronics applications such as mobile handsets, flat panel televisions, computer monitors, digital cameras and PDAs. Magnachip Semiconductor was founded in 2004 and is based in Luxembourg, Luxembourg.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-08-28 Skylark

Musashino, Japan

Skylark is a family restaurant operator in Japan, with some 4,400 outlets. Skylark's restaurant brands are highly recognized throughout Japan although relatively unknown overseas. Skylark was founded in 1962 and is based in Musashino, Japan.

Sell -