M&A Deal Summary

IDFC Alternatives Limited, Tata Teleservices and Quippo Infrastructure Equipment Co. Acquire Viom Networks

On January 1, 2009, asset manager IDFC Alternatives Limited, Tata Teleservices and Quippo Infrastructure Equipment Co. acquired communications company Viom Networks

Acquisition Highlights
  • This is IDFC Alternatives Limited’s 1st, Tata Teleservices’ 1st and Quippo Infrastructure Equipment Co.’s 1st transaction in the Communications sector.
  • This is IDFC Alternatives Limited’s 15th, Tata Teleservices’ 1st and Quippo Infrastructure Equipment Co.’s 1st transaction in India.
Investment Fate
  • Viom Networks was sold to a consortium of buyers in 2015.

M&A Deal Summary

Date 2009-01-01
Target Viom Networks
Sector Communications
Buyer(s) IDFC Alternatives Limited
Tata Teleservices
Quippo Infrastructure Equipment Co.
Deal Type Joint Venture

Target

Viom Networks

Gurgaon, India
Viom Networks Ltd. is a provider of telecommunication services.

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Buyer(S) 3

Buyer

IDFC Alternatives Limited

Mumbai, India

Investor Investor Investor Investor Investor


Category Asset Manager
Founded 2002
PE ASSETS 2.2B USD
Size Large
Type Sector Agnostic
DESCRIPTION

IDFC Private Equity is a specialist private equity investor focused on infrastructure related investments in India. IDFC looks to invest between $40 and $100 million US in businesses dealing with power, telecom, oil & gas, and transportation. IDFC also looks to invest in businesses related to urban and rural infrastructure. IDFC typically invests in minority positions. IDFC Private Equity is a subsidiary of IDFC, an infrastructure focused financial institution. IDFC Private Equity was formed in 2002 and is based in Mumbai. As on 30 Jan 2019, Investcorp acquires IDFC Alternatives’ private equity, realty arms.


DEAL STATS #
Overall 15 of 19
Sector: Communications M&A 1 of 2
Type: Joint Venture M&A Deals 1 of 1
Country: India M&A 15 of 19
Year: 2009 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-12-16 Deepak Cables

Bangalore, India

Deepak Cables is a power infrastructure provider. The primary business areas include manufacturing of conductor cables, construction of transmission & distribution lines and electrical substations. Deepak Cables was founded in 1984 and is based in Bangalore, India.

Buy Rs200M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-08-26 Wireless TT Info Services

New Delhi, India

Wireless TT Info Services is an independent telecom tower company and a subsidiary of TTSL (India’s sixth largest mobile telecom operator and a Tata group company) and QTIL is promoted by SREI Infrastructure Finance Limited and Kanoria family. Wireless TT Info Services is based in New Delhi, India.

Buy -
Buyer

Tata Teleservices

Mumbai, India

Category Company
Sector Communications
DESCRIPTION

Tata Teleservices Ltd. is a provider of telecommunication services.


DEAL STATS #
Overall 1 of 2
Sector: Communications M&A 1 of 2
Type: Joint Venture M&A Deals 1 of 1
Country: India M&A 1 of 2
Year: 2009 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-26 Viom Networks

Gurgaon, India

Viom Networks Ltd. is a provider of telecommunication services.

Sell -
Buyer

Quippo Infrastructure Equipment Co.

New Delhi, India

Category Company
Founded 1999
Sector Retail
DESCRIPTION

Quippo Infrastructure Equipment Co. is a provider of construction equipment rental services.


DEAL STATS #
Overall 1 of 2
Sector: Communications M&A 1 of 2
Type: Joint Venture M&A Deals 1 of 1
Country: India M&A 1 of 2
Year: 2009 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-26 Viom Networks

Gurgaon, India

Viom Networks Ltd. is a provider of telecommunication services.

Sell -