M&A Deal Summary

Kingfisher Airlines Acquires Deccan Aviation

On April 1, 2008, Kingfisher Airlines acquired airliner Deccan Aviation from ICICI Venture

Acquisition Highlights
  • This is Kingfisher Airlines’ 1st transaction in the Airlines sector.
  • This is Kingfisher Airlines’ 1st transaction in India.

M&A Deal Summary

Date 2008-04-01
Target Deccan Aviation
Sector Airlines
Buyer(s) Kingfisher Airlines
Sellers(s) ICICI Venture
Deal Type Add-on Acquisition

Target

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.

Search 214,239 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 1

Buyer

Kingfisher Airlines

Bangalore, India

Category Company
Founded 2004
Sector Airlines
DESCRIPTION

Formed in 2004, Kingfisher Airlines is an Indian passenger airline group based in India.


DEAL STATS #
Overall 1 of 1
Sector: Airlines M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: India M&A 1 of 1
Year: 2008 M&A 1 of 1

Seller(S) 1

SELLER

ICICI Venture

Mumbai, India

Investor Investor Investor Investor Investor


Category Corporate Investor
Founded 1988
PE ASSETS 5.5B USD
Size Mega
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 5 of 21
Sector: Airlines M&A 1 of 1
Type: Add-on Acquisition M&A Deals 2 of 8
Country: India M&A 5 of 20
Year: 2008 M&A 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-01-01 Metalcastello

Castel di Casio, Italy

Metalcastello is a subcontractor manufacturing gears in small quantities to meet customer demands. Metalcastello was founded in 1952 and is based in Castel di Casio, Italy.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-05-23 Centurion Bank of Punjab

Mumbai, India

Centurion Bank of Punjab Ltd. which primarily focused on retail, SMEs and agriculture, had a nationwide retail distribution reach with 240 branches and 386 ATMs.

Sell -