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M&A Deal Summary

Aimia Acquires Tufropes

On January 31, 2023, Aimia acquired manufacturer Tufropes for 250M CAD

Acquisition Highlights
  • This is Aimia’s 1st transaction in the Manufacturing sector.
  • This is Aimia’s largest (disclosed) transaction.
  • This is Aimia’s 1st transaction in India.

M&A Deal Summary
Date 2023-01-31
Target Tufropes
Sector Manufacturing
Buyer(s) Aimia
Deal Type Add-on Acquisition
Deal Value 250M CAD
Advisor(s) Kotak Investment Banking (Financial)

Target

Tufropes

Mumbai, India
Tufropes is a global manufacturer of high-performance synthetic fiber ropes and netting solutions for the aquaculture and maritime sectors, as well as diversified industrial end markets. Tufropes was founded in 1992 and is based in Mumbai, India.

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Buyer(S) 1

Buyer

Aimia

Toronto, Ontario, Canada
Category Company
Founded 1984
Sector Business Services
Employees18
Revenue 495M CAD (2024)
DESCRIPTION

Aimia is an investment holding company that makes long?term investments in public and private businesses. Aimia was founded in 1984 and is based in Toronto, Canada.

DEAL STATS #
Overall 7 of 7
Sector: Manufacturing M&A 1 of 1
Type: Add-on Acquisition M&A Deals 5 of 5
Country: India M&A 1 of 1
Year: 2023 M&A 1 of 1
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-27 Trade X

Mississauga, Ontario, Canada

Trade X is a global B2B cross-border automotive trading platform powered by its proprietary TRADE X 'Brain' data and analytics technology that connects buyers and sellers through a transparent and highly effective marketplace that aids sellers in finding the world's highest bidders and gives buyers access to the best source markets. Trade X was founded in 2018 and is based in Mississauga, Ontario.

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