M&A Deal Summary

Tanla Solutions Acquires Karix Mobile Pvt.

On August 1, 2018, Tanla Solutions acquired communications company Karix Mobile Pvt. from Blackstone Credit for 3.4B INR

Acquisition Highlights
  • This is Tanla Solutions’ 1st transaction in the Communications sector.
  • This is Tanla Solutions’ 0th largest (disclosed) transaction.
  • This is Tanla Solutions’ 1st transaction in India.

M&A Deal Summary

Date 2018-08-01
Target Karix Mobile Pvt.
Sector Communications
Buyer(s) Tanla Solutions
Sellers(s) Blackstone Credit
Deal Type Add-on Acquisition
Deal Value 3.4B INR

Target

Karix Mobile Pvt.

Mumbai, India
website
Karix Mobile Pvt. Ltd. empowers enterprises to use mobile to transform business at all stages of customer life cycle, from acquisition to retention. The company enables enterprises to intelligently personalize their two-way marketing & customer care interactions, across multiple channels through robust, secure and scalable mobile engagement platform.

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Buyer(S) 1

Buyer

Tanla Solutions

Hyderabad, India

website


Category Company
Founded 1995
Sector Information Technology
Employees500
Revenue 32.1B INR (2022)
DESCRIPTION

Tanla Solutions is a cloud communication service provider for mobile operators and enterprises. Tanla Solutions was founded in 1995 and is based in Hyderabad, India.


DEAL STATS #
Overall 1 of 2
Sector (Communications) 1 of 1
Type (Add-on Acquisition) 1 of 2
Country (India) 1 of 2
Year (2018) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-30 Gamooga

Hyderabad, India

Gamooga is a big data and AI-driven omni-channel marketing automation platform which enables businesses personally engage with their users across channels including email, SMS, voice, website, apps and other leading channels. Gamooga was founded in 2011 and is based in Hyderabad, India.

Buy Rs485M

Seller(S) 1

SELLER
DESCRIPTION

Blackstone Credit is the lending arm of alternative asset management firm The Blackstone Group. Blackstone Credit looks to provide a variety of capital needs, including loans, high yield and investment grade bonds, structured credit, mezzanine lending, and opportunistic financings. The Blackstone Group acquired lender GSO Capital Partners in 2008 which formed the foundation for Blackstone Credit. Blackstone Credit is based in New York City.


DEAL STATS #
Overall 6 of 11
Sector (Communications) 1 of 2
Type (Add-on Acquisition) 4 of 6
Country (India) 1 of 1
Year (2018) 1 of 1
Size (of disclosed) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-02 Miller Homes

Edinburgh, United Kingdom

Miller Homes is a privately-owned housebuilder in the UK that has a strong regional footprint through three divisions (Midlands & South, North, and Scotland) and a reputation for delivering quality, family homes in desirable and high-demand locations. Miller Homes focus on sustainable developments on the edge of urban or suburban areas, typically within 45 minutes of the nearest largest town or city, and is recognized for providing outstanding levels of customer service. In 2016, the company completed a total of 2,380 homes. Miller Homes was founded in 1934 and is based in Edinburgh, United Kingdom.

Sell £655M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-19 Targa Badlands

Houston, Texas, United States

Targa Badlands consists of operations and energy assets located in the Bakken and Three Forks Shale plays of the Williston Basin in North Dakota and include approximately 500 miles of crude oil gathering pipelines, 120 MBbl of operational crude oil storage capacity at the Johnsons Corner Terminal, 30 MBbl of operational crude oil storage capacity at the Alexander Terminal, 30 MBbl of operational crude oil storage at New Town and 25 MBbl of operational crude oil storage at Stanley. is a North Dakota based energy company comprising Bakken assets.

Buy -