M&A Deal Summary

Bharati Shipyard Acquires Tebma Shipyards

On November 24, 2010, Bharati Shipyard acquired marine company Tebma Shipyards from ICICI Venture for 76M INR

Acquisition Highlights
  • This is Bharati Shipyard’s 1st transaction in the Marine sector.
  • This is Bharati Shipyard’s largest (disclosed) transaction.
  • This is Bharati Shipyard’s 1st transaction in India.

M&A Deal Summary
Date 2010-11-24
Target Tebma Shipyards
Sector Marine
Buyer(s) Bharati Shipyard
Sellers(s) ICICI Venture
Deal Type Add-on Acquisition
Deal Value 76M INR

Target

Tebma Shipyards

Chennai, India
Tebma is one of the three major private sector players in the Indian shipbuilding industry. Tebma was incorporated in 1984 and commenced commercial operations in 1987. It is promoted by a team of six marine professionals aggregating over 150 man-years’ experience in the shipbuilding and repair industry. The Company was historically focused on building tugs and dredgers and has built 106 vessels till 2006 catering to the requirements of a diverse clientele including leading ports, shipping companies, Indian navy, lake authorities and dredging service providers for the public as well as the private sector.

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Buyer(S) 1

Buyer

Bharati Shipyard

Mumbai, India
Category Company
Founded 1973
Sector Marine
DESCRIPTION

Bharati Shipyard Ltd. is a private sector shipyard is engaged in design and construction of Sea-going, Coastal, Harbour, Inland crafts and vessels.

DEAL STATS #
Overall 1 of 1
Sector (Marine) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (India) 1 of 1
Year (2010) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

ICICI Venture

Mumbai, India

Investor Investor Investor Investor Investor

Category Corporate Investor
Founded 1988
PE ASSETS 1.6B USD
Size Large
Type Sector Agnostic
DESCRIPTION

ICICI Venture is an India-focused investment firm that targets opportunities in private equity, real estate, and mezzanine finance with funds covering each investment strategy. ICICI's private equity practice looks for buyout and growth capital opportunities across sectors such as retail, media, information technology, consumer services, consumer goods, textiles, pharmaceuticals, biotech, oil, and non-consumer goods. ICICI Venture is a subsidiary of ICICI Bank and has offices in Mumbai and Bangalore.

DEAL STATS #
Overall 9 of 16
Sector (Marine) 1 of 1
Type (Add-on Acquisition) 6 of 7
Country (India) 9 of 15
Year (2010) 3 of 3
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-11-03 RFCL

New Delhi, India

ICICI Venture effected a leveraged buyout of the allied businesses of Ranbaxy Laboratories Ltd comprising the Animal Healthcare business ("AHC"), the Fine Chemicals business ("FC"), and the Diagnostics business ("DGN). The combined business is now called RFCL. The businesses are among the top 5 in their respective segments in highly fragmented yet growth markets and partnerships around the globe with industry leaders such as Alpharma, Biokit, Fisher Scientific and Mallinckrodt Baker, among others. The Allied Businesses' key strengths lie in their distribution and customer relationships, with the majority of manufacturing outsourced to third parties. RFCL is constructing a multi-product plant in duty free zone in Haridwar.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-04-09 TeamLease

Bengaluru, India

TeamLease is a staffing company and has tied up with employment exchanges across 10 states in India. TeamLease was founded in 2002 and is based in Bengaluru, India.

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