M&A Deal Summary

Suprajit Engineering Acquires Halonix

On May 6, 2015, Suprajit Engineering acquired electrical equipment company Halonix from Actis Capital for 24M USD

Acquisition Highlights
  • This is Suprajit Engineering’s 1st transaction in the Electrical Equipment sector.
  • This is Suprajit Engineering’s largest (disclosed) transaction.
  • This is Suprajit Engineering’s 1st transaction in India.

M&A Deal Summary
Date 2015-05-06
Target Halonix
Sector Electrical Equipment
Buyer(s) Suprajit Engineering
Sellers(s) Actis Capital
Deal Type Add-on Acquisition
Deal Value 24M USD

Target

Halonix

Noida, India
website
Halonix is a lamp manufacturer. Halonix was founded in 1991 and is based in Noida, India.

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Buyer(S) 1

Buyer

Suprajit Engineering

Bengaluru, India

website

Category Company
Founded 1985
Sector Automotive
Employees1,590
Revenue 18.3B INR (2022)
DESCRIPTION

Suprajit Engineering is a manufacturer and seller of liner cables to the automotive industry. Suprajit Engineering was founded in 1985 and is based in Bengaluru, India.

DEAL STATS #
Overall 2 of 3
Sector (Electrical Equipment) 1 of 1
Type (Add-on Acquisition) 1 of 2
Country (India) 1 of 1
Year (2015) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-04-25 CTP Gills Cables

Lichfield, United Kingdom

CTP Gills Cables Ltd. manufactures control cables at its Packington Hall facility near Tamworth, but in recent years has been actively pursuing a strategy of outsourcing manufacture to lower cost regions.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-11 Wescon Controls

Wichita, Kansas, United States

Wescon Controls is a supplier of mission critical controls to the Outdoor Power Equipment market and a significant player in non-automotive controls to the Agriculture, Construction, PowerSports Vehicles, and Motorcycle markets. It provides quality products, support and service that meets or exceeds customer expectations. Wescon Controls is based in Wichita, Kansas.

Buy -

Seller(S) 1

SELLER

Actis Capital

London, United Kingdom

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 2004
PE ASSETS 24.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Actis Capital is a private equity firm focused on investments in emerging markets. Actis segments its investment activity into three areas. These include private equity, energy, and real estate. Actis' private equity team looks for buyout and growth capital opportunities requiring at least $50 million in financing. Depending on the situation, Actis will consider both controlling and minority investment situations. Sectors of interest include financial services, consumer and retail, business services, and industrial. Actis' energy group seeks to invest in in a variety of energy and utility projects. Actis' real estate team invests equity capital in office, residential, industrial, hotel and retail projects. Actis Capital was established in 2004 and is based in London.

DEAL STATS #
Overall 51 of 81
Sector (Electrical Equipment) 2 of 2
Type (Add-on Acquisition) 23 of 41
Country (India) 13 of 19
Year (2015) 1 of 5
Size (of disclosed) 16 of 18
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-02-17 Lekela

Amsterdam, Netherlands

Lekela is a renewable power generation company which delivers utility-scale projects across Africa. Lekela is based in Amsterdam, Netherlands.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-16 Globeleq

St. Peter Port Guernsey, United Kingdom

Globeleq has a strong management team dedicated to the development of greenfield power generation projects in the emerging markets.

Sell -
Mergr

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