M&A Deal Summary |
|
|---|---|
| Date | 2008-05-23 |
| Target | Centurion Bank of Punjab |
| Sector | Financial Services |
| Buyer(s) | HDFC Bank |
| Sellers(s) |
ChrysCapital
ICICI Venture True North Co. |
| Deal Type | Add-on Acquisition |
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| Category | Company |
|---|---|
| Founded | 1994 |
| Sector | Financial Services |
| Employees | 220,339 |
| Revenue | 2.37T INR (2025) |
HDFC Bank is a private sector banks. HDFC Bank offers a wide range of commercial and transactional banking services and treasury products to wholesale and retail customers. HDFC Bank was founded in 1994 and is based in Mumbai, Maharashtra.
| DEAL STATS | # |
|---|---|
| Overall | 2 of 3 |
| Sector: Financial Services M&A | 2 of 3 |
| Type: Add-on Acquisition M&A Deals | 2 of 2 |
| Country: India M&A | 2 of 3 |
| Year: 2008 M&A | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2000-02-01 |
Times Bank
India Times Bank Ltd. is a provider of financial services for commercial and individuals. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-04-04 |
HDFC
Mumbai, India HDFC provides long-term finance to households with the primary objective of meeting a social need of encouraging home ownership. HDFC was founded in 1977 and is based in Mumbai, India. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1999 |
| PE ASSETS | 5.0B USD |
| Size | Large |
| Type | Sector Agnostic |
ChrysCapital Management Co. is a private investment firm focused on opportunities in India. ChrysCapital looks for companies with revenues of $50 million to $1 billion and can commit up to $250 million of equity per transaction. Target sectors include business services, consumer goods and services, financial services, healthcare and pharmaceuticals. Prospective transactions include growth investments in private and listed companies, special situations, co-investments, and management buyouts/buy-ins. ChrysCapital was formed in 1999 and is based in Port Louis, Mauritius.
| DEAL STATS | # |
|---|---|
| Overall | 9 of 32 |
| Sector: Financial Services M&A | 3 of 8 |
| Type: Add-on Acquisition M&A Deals | 6 of 8 |
| Country: India M&A | 9 of 27 |
| Year: 2008 M&A | 1 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2008-05-07 |
Amtek
New Delhi, India Amtek is a manufacturer of forgings, machined, and assembled products for domestic and international original equipment manufacturers and Tier 1 suppliers of auto components. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2008-07-10 |
HCL Technologies
Noida, India HCL Technologies is an IT services company. The Company’s services portfolio includes application development and maintenance, package implementation services, engineering and R&D services, infrastructure management services and business process outsourcing services. It has a large active client base across banking, financial services and insurance, manufacturing, telecom, retail, media and healthcare verticals. HCL Technologies was founded in 1976 and is based in Noida, Uttar Pradesh. |
Buy | - |
| Category | Corporate Investor |
|---|---|
| Founded | 1988 |
| PE ASSETS | 5.5B USD |
| Size | Mega |
| Type | Sector Agnostic |
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 | 6 of 21 |
| Sector: Financial Services M&A | 1 of 4 |
| Type: Add-on Acquisition M&A Deals | 3 of 8 |
| Country: India M&A | 6 of 20 |
| Year: 2008 M&A | 2 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2008-04-01 |
Deccan Aviation
Bangalore, India Deccan Aviation Ltd is India's first budget airline and the country's largest private sector helicharter company. Promoted by ex-defense officers led by Capt. G. R. Gopinath, Air Deccan has redefined the airline landscape in India and is now not only the country's leading Low Cost Carrier but also the second largest airline in the country. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2008-08-07 |
MAS Financial Services
Ahmedabad, United States MAS Financial Services is a retail finance focused NBFC providing vehicle loans and micro loans to individuals. MAS Financial Services was founded in 1995 and is based in Ahmedabad, India. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1999 |
| PE ASSETS | 3.0B USD |
| Size | Large |
| Type | Sector Agnostic |
True North Co. is a private equity firm focused on making investments in growing middle-market companies operating in India. The Firm looks to invest a minimum of $50 million per transaction. Sectors of interest include consumer, healthcare, financial services, infrastructure services, and IT. True North does not invest in start-ups or early-stage companies. True North Co. was formed in 1999 and is headquartered in Mumbai.
| DEAL STATS | # |
|---|---|
| Overall | 6 of 22 |
| Sector: Financial Services M&A | 1 of 2 |
| Type: Add-on Acquisition M&A Deals | 3 of 13 |
| Country: India M&A | 6 of 19 |
| Year: 2008 M&A | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2008-01-01 |
Robo Silicon
Hyderabad, India Robo Silicon had a crushing plant and quarry in Hyderabad to supply manufactured sand to the construction industry. Robo was the first in the country to introduce the concept of manufactured sand. Robo Silicon was founded in 2001 and is based in Hyderabad, Telangana. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2008-06-01 |
ACT Fibernet
Bengaluru, India ACT Fibernet is a wired ISPs (Internet Service Providers) that has cutting-edge technology and high-speed broadband connectivity that the company provides to its customers. ACT Fibernet was founded in 2000 and is headquartered in Bengaluru, Karnataka. |
Buy | - |
