Investment Summary

GTI Capital Group and Elephant Capital Invest In Air Works

On December 29, 2010, private equity firms GTI Capital Group and Elephant Capital invested in aerospace company Air Works

Investment Highlights
  • This is GTI Capital Group’s 1st and Elephant Capital’s 1st transaction in the Aerospace sector.
  • This is GTI Capital Group’s 2nd and Elephant Capital’s 3rd transaction in India.

Investment Summary

Date 2010-12-29
Target Air Works
Sector Aerospace
Investor(s) GTI Capital Group
Elephant Capital
Deal Type Venture

Target

Air Works

Gurgaon, India
Air Works is an independent provider of Aviation Maintenance, Repair, and Overhaul (MRO) services in India and Aircraft Paint and Refinishing in the UK. Air Works was founded in 1951 and is based in Gurgaon, Haryana.

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Investor(S) 2

DESCRIPTION

GTI Capital Group is an investor and advisor focused on India. The Firm looks to assist Indian companies seeking to expand abroad as well as foreign companies wishing to establish within India. GTI works with a range of clients (corporate, management teams, entrepreneurs) and will consider investing in a variety of situations, including venture capital, growth equity, buyouts, public stocks, and debt. GTI has offices in New York City, London, and New Delhi.


DEAL STATS #
Overall 3 of 8
Sector: Aerospace M&A 1 of 1
Type: Venture M&A Deals 2 of 3
Country: India M&A 2 of 7
Year: 2010 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-10-01 Glori Energy

Houston, Texas, United States

Glori Energy is an energy technology and oil production company, provides services to third party exploration and production companies in North America and Brazil. It operates through Oil and Gas, and AERO Services segments. The AERO Services segment offers biotechnology solutions of enhanced oil recovery through a two-step process, including analysis phase, reservoir screening process that obtains field samples and evaluates potential of AERO system; and field deployment phase that deploys skid mounted injection equipment. Glori Energy was founded in 2005 and is based in Houston, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-02-21 StepOut

New Delhi, India

Ignighter is a privately funded Startup company based in Union Square, New York City. The idea for Ignighter came out of a real need the founders felt in their everyday lives to meet new people in a more fun, less awkward environment.

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Investor

Elephant Capital


Category Private Equity Firm
Founded 2007
PE ASSETS 58M GBP
Size Small
Type Sector Agnostic
DESCRIPTION

Elephant Capital is a private equity firm focused on opportunities in India. The Firm looks to invest $10 to $20 million per transaction and will consider both public and private companies. Elephant Capital does not have any sector preferences and generally seeks businesses that will benefit from India's young but aging demographics. Elephant Capital was established in 2008 and has offices in London and Delhi.


DEAL STATS #
Overall 4 of 4
Sector: Aerospace M&A 1 of 1
Type: Venture M&A Deals 1 of 1
Country: India M&A 3 of 3
Year: 2010 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-06-16 Amar Chitra Katha

Mumbai, India

Amar Chitra Katha is a publisher of comics for kids and adults. Amar Chitra Katha boasting of more than 400 comics in 20+ languages. Amar Chitra Katha was founded in 1967 and is based in Mumbai, India.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-03-17 Nitco

Mumbai, India

Nitco Limited manufactures and sells various tile products in India and internationally.

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