M&A Deal Summary

Aditya Birla Retail Acquires Trinethra Super Retail

On December 1, 2006, Aditya Birla Retail acquired retailer Trinethra Super Retail from True North Co.

Acquisition Highlights
  • This is Aditya Birla Retail’s 1st transaction in the Retail sector.
  • This is Aditya Birla Retail’s 1st transaction in India.

M&A Deal Summary

Date 2006-12-01
Target Trinethra Super Retail
Sector Retail
Buyer(s) Aditya Birla Retail
Sellers(s) True North Co.
Deal Type Add-on Acquisition

Target

Trinethra Super Retail

Hyderabad, India
Trinethra Super Retail Ltd. is a leading grocery retail chain in the state of Andhra Pradesh, South India. It had 88 retail stores.

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Buyer(S) 1

Buyer

Aditya Birla Retail

Mumbai, India

Category Company
Founded 1988
Sector Retail
DESCRIPTION

Aditya Birla Retail Ltd. operates in FMCG products, fruits, vegetables, groceries, frozen food, bakery, homecare, personal care, pharmacy, general merchandise and apparel and footwear.


DEAL STATS #
Overall 1 of 1
Sector: Retail M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: India M&A 1 of 1
Year: 2006 M&A 1 of 1

Seller(S) 1

SELLER

True North Co.

Mumbai, India

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
PE ASSETS 3.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

True North Co. is a private equity firm focused on making investments in growing middle-market companies operating in India. The Firm looks to invest a minimum of $50 million per transaction. Sectors of interest include consumer, healthcare, financial services, infrastructure services, and IT. True North does not invest in start-ups or early-stage companies. True North Co. was formed in 1999 and is headquartered in Mumbai.


DEAL STATS #
Overall 3 of 22
Sector: Retail M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 13
Country: India M&A 3 of 19
Year: 2006 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-06-03 Centurion Bank of Punjab

Mumbai, India

Centurion Bank of Punjab Ltd. which primarily focused on retail, SMEs and agriculture, had a nationwide retail distribution reach with 240 branches and 386 ATMs.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-02-01 TTK Healthcare TPA Pvt.

Bengaluru, India

TTK Healthcare TPA Pvt. Ltd. is a licensed third-party healthcare administrator (TPA) based in Bengaluru, administering health insurance policies. TTK was rated amongst the top three TPAs in India. It was performing multiple activities like enrollment, pre-authorization, claims processing and adjudication and finance for health insurance companies. All claims processing worked on a distributed model to maintain high quality standard and quick response time to beneficiaries.

Sell -