M&A Deal Summary

AGI Acquires Milltec Machinery

On March 28, 2018, AGI acquired machinery company Milltec Machinery from Multiples Alternate Asset Management for 110M USD

Acquisition Highlights
  • This is AGI’s 17th transaction in the Machinery sector.
  • This is AGI’s 2nd largest (disclosed) transaction.
  • This is AGI’s 1st transaction in India.

M&A Deal Summary
Date 2018-03-28
Target Milltec Machinery
Sector Machinery
Buyer(s) AGI
Sellers(s) Multiples Alternate Asset Management
Deal Type Add-on Acquisition
Deal Value 110M USD

Target

Milltec Machinery

Bengaluru, India
Milltec Machinery is a manufacturer of agro processing equipment. The Company offers end to end solutions to the grain milling industry including products across cleaning, de-husking, polishing, grading, whitening and sorting. Milltec Machinery was founded in 1998 and is based in Bengaluru, India.

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Buyer(S) 1

Buyer

AGI

Winnipeg, Manitoba, Canada
Category Company
Founded 1996
Sector Machinery
Employees2,780
Revenue 1.5B CAD (2023)
DESCRIPTION

AGI is a manufacturer of portable and stationary grain handling, storage and conditioning equipment including augers, belt conveyors, grain storage bins, grain handling accessories and grain aeration equipment. AGI was incorporated in 1996 and is based in Winnipeg, Canada.

DEAL STATS #
Overall 20 of 21
Sector (Machinery) 17 of 17
Type (Add-on Acquisition) 19 of 20
Country (India) 1 of 1
Year (2018) 3 of 4
Size (of disclosed) 2 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-17 Junge Control

Cedar Rapids, Iowa, United States

Junge Control, Inc. is a manufacturer of automation, measurement and blending systems for the agriculture and fuel industries. Junge Control, Inc. was established in 1979 and is based in Cedar Rapids, Iowa.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-26 Sabe Group Companies

Chauché, France

Sabe Group Companies is a provider of processing solutions to the food, pet food, animal feed, fertilizer and biomass industries. Sabe serves a global client base and has a turnkey approach that typically involves engineering, project management, manufacturing of equipment, and installation.

Buy -

Seller(S) 1

SELLER

Multiples Alternate Asset Management

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2009
PE ASSETS 3.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Multiples Alternate Asset Management is a private equity firm focused on opportunities throughout India. The Firm does not have any sector preferences and will consider a range of opportunities, from minority stakes to buyouts. Multiples was formed in 2009 and is headquartered in Mumbai.

DEAL STATS #
Overall 5 of 7
Sector (Machinery) 1 of 1
Type (Add-on Acquisition) 2 of 3
Country (India) 5 of 7
Year (2018) 1 of 1
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-01 Arvind Fashions

Ahmedabad, India

Arvind Fashions is an apparel company, catering to consumers across the income pyramid. It has a mix of international and indigenous brands including US Polo, Tommy Hilfiger, Arrow, Flying Machine, Calvin Klein and others. The Company has created a unique platform for launching and scaling brands. Arvind Fashions was founded in 1993 and is based in Ahmedabad, India.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-14 APAC Financial Services

Mumbai , India

APAC Financial Services is an NBFC with focus on providing credit to micro, small and medium enterprises, and affordable housing finance. APAC’s target segments present significant market opportunities and whitespaces. APAC Financial Services was founded in 2018 and is based in Mumbai, India.

Buy -
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