Investment Summary

ChrysCapital and 2i Capital Group Exits Titagarh Rail Systems

On June 11, 2012, invested in automotive company Titagarh Rail Systems from ChrysCapital and 2i Capital Group

Investment Highlights
  • This is transaction in the Automotive sector.
  • This is transaction in India.

Investment Summary

Date 2012-06-11
Target Titagarh Rail Systems
Sector Automotive
Sellers(s) ChrysCapital
2i Capital Group
Deal Type Stake Sale

Target

Titagarh Rail Systems

Kolkata, India
Titagarh Rail Systems is the second largest freight wagon manufacturer in India. The Company has the capability to produce a wide range of wagons including flat bed, boxed, open type and passenger coaches. TWL also has a niche fabrication business catering to civil construction and defense sectors. Titagarh Rail Systems was founded in 1997 and is based in Kolkata, India.

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Seller(S) 2

SELLER

ChrysCapital

Port Louis, Mauritius

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
PE ASSETS 5.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

ChrysCapital Management Co. is a private investment firm focused on opportunities in India. ChrysCapital looks for companies with revenues of $50 million to $1 billion and can commit up to $250 million of equity per transaction. Target sectors include business services, consumer goods and services, financial services, healthcare and pharmaceuticals. Prospective transactions include growth investments in private and listed companies, special situations, co-investments, and management buyouts/buy-ins. ChrysCapital was formed in 1999 and is based in Port Louis, Mauritius.


DEAL STATS #
Overall 16 of 32
Sector: Automotive M&A 1 of 2
Type: Stake Sale M&A Deals 5 of 8
Country: India M&A 15 of 27
Year: 2012 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-03-12 AU Small Finance Bank

Jaipur, India

AU Small Finance Bank is a diversified Non-Banking Finance Company (NBFC) focusing on secured retail lending across four segments - commercial vehicles, Small & Medium Enterprise (SME), Micro SME (MSME), and affordable housing loans. AU Small Finance Bank was founded in 1996 and is based in Jaipur, Rajasthan.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-06-25 Balakrishna Industries

Mumbai, India

Balakrishna Industries is a niche low-cost tyre manufacturer focused on manufacturing & exports of off-the-road (OTR) tyres. The Company has an extensive network of distributors across 75 countries and 95% of revenues are derived from exports. Balkrishna also sells to a number of prominent OEMs like JCB, Terex, Ingersoll Rand and Case New Holland. Balakrishna Industries was founded in 1961 and is based in Mumbai, India.

Sell -
SELLER

2i Capital Group

Bangalore, India

Category Private Equity Firm
PE ASSETS 200M USD
Size Small
Type Sector Agnostic
DESCRIPTION

2i Capital Group is an India-based private investment firm focused on growth investments in mid-sized, mid-stage unlisted companies across the industrial and service sectors. 2i looks for businesses with strong management that are looking to take advantage of the growing trend of consumerism/consumption in India. 2i prefers growth companies with strong intellectual property and the potential to gain significant market share. 2i Capital was formed in 2000 and is based in Bangalore.


DEAL STATS #
Overall 3 of 3
Sector: Automotive M&A 1 of 1
Type: Stake Sale M&A Deals 1 of 1
Country: India M&A 3 of 3
Year: 2012 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-01-01 VI

Mumbai, India

VI provides pan India Voice and Data services across 2G, 3G and 4G platform. The Company is developing infrastructure to introduce newer and smarter technologies, making both retail and enterprise customers future ready with innovative offerings, conveniently accessible through an ecosystem of digital channels as well as extensive on-ground presence. VI was founded in 1995 and is based in Mumbai, India.

Sell -