M&A Deal Summary

Craftsman Automation Acquires Sunbeam

On October 9, 2024, Craftsman Automation acquired automotive company Sunbeam from Kedaara Capital

Acquisition Highlights
  • This is Craftsman Automation’s 1st transaction in the Automotive sector.
  • This is Craftsman Automation’s 1st transaction in India.

M&A Deal Summary

Date 2024-10-09
Target Sunbeam
Sector Automotive
Buyer(s) Craftsman Automation
Sellers(s) Kedaara Capital
Deal Type Add-on Acquisition

Target

Sunbeam

Gurgaon, India
Sunbeam is an auto components company supplying cast, precision machined, and painted aluminum products. Sunbeam manufactures high volume, complex, and critical products such as crank cases, pistons, cylinder blocks and heads, and a variety of housings and covers. Sunbeam was founded in 1986 and is based in Gurgaon, Haryana.

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Buyer(S) 1

Buyer

Craftsman Automation

Coimbatore, India

Category Company
Founded 1986
Sector Automotive
Employees2,893
Revenue 56.4B INR (2025)
DESCRIPTION

Craftsman Automation operates as an engineering company. Craftsman Automation manufactures critical automotive components such as cylinder blocks, cylinder heads, gearbox housings, camshafts, etc. Craftsman Automation was founded in 1986 and is based in Coimbatore, Tamil Nadu.


DEAL STATS #
Overall 1 of 1
Sector: Automotive M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: India M&A 1 of 1
Year: 2024 M&A 1 of 1

Seller(S) 1

SELLER

Kedaara Capital

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2011
PE ASSETS 5.6B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Kedaara Capital is an operationally oriented private equity firm focused on control and select minority investments in India. The Firm is a generalist investor, with no sector preferences and looks to commit $25 to $75 million per transaction. The Firm does not invest in seed or early stage companies or in businesses where the market is unproven. Kedaara Capital was established 2011 and is headquartered in Mumbai.


DEAL STATS #
Overall 11 of 12
Sector: Automotive M&A 2 of 2
Type: Add-on Acquisition M&A Deals 2 of 2
Country: India M&A 10 of 11
Year: 2024 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-08-01 R1 RCM

Murray, Utah, United States

R1 RCM is a provider of services and technology to healthcare providers. The Company helps clients strengthen their financial stability and deliver better care at a more affordable cost to the communities they serve, increasing healthcare access for all. R1 RCM was founded in 2003 and is based in Murray, Utah.

Buy $8.9B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-12-11 Vishal Mega Mart

Gurugram, India

Vishal Mega Mart has a network of over 420 franchisee operated stores across India in over 200 cities. Vishal combines a private label, fast-fashion apparel offering with a variety of general merchandise and food & grocery products. Vishal Mega Mart was founded in 2001 and is based in Gurugram, Haryana.

Sell -