M&A Deal Summary

Kothari Group Acquires Bharat Fritz Werner

On June 15, 2013, Kothari Group acquired machinery company Bharat Fritz Werner from Kotak Private Equity Group

Acquisition Highlights
  • This is Kothari Group’s 1st transaction in the Machinery sector.
  • This is Kothari Group’s 1st transaction in India.

M&A Deal Summary

Date 2013-06-15
Target Bharat Fritz Werner
Sector Machinery
Buyer(s) Kothari Group
Sellers(s) Kotak Private Equity Group
Deal Type Add-on Acquisition

Target

Bharat Fritz Werner

Bengaluru, India
Bharat Fritz Werner (BFW) is a manufacturer of CNC machines and machine tools in India. The company manufactures full line of CNC vertical and CNC horizontal machining centers catering to different industry segments. The company has a strong engineering base owing to its German parentage. Bharat Fritz Werner was founded in 1961 and is based in Bengaluru, Karnataka.

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Buyer(S) 1

Buyer

Kothari Group

Solapur, India

Category Company
Founded 1980
Sector Machinery
DESCRIPTION

Kothari Group help Indian farmers by providing a world class micro irrigation technology at a fair & competitive price. The customers who love their products & services are those who do not appreciate quality compromise in any product or service they offer. Kothari Group was founded in 1980 and is based in Solapur, Maharashtra.


DEAL STATS #
Overall 1 of 1
Sector: Machinery M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: India M&A 1 of 1
Year: 2013 M&A 1 of 1

Seller(S) 1

SELLER

Kotak Private Equity Group

Mumbai, India

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2005
PE ASSETS 1.4B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Kotak Private Equity Group (KPEG) is the private equity investment arm of financial services firm, Kotak Mahindra Group. KPEG looks to invest $20 to $40 million in a variety of mid-sized Indian companies to support expansion, acquisitions, or buyouts KPEG targets businesses with strong management and growth potential operating in fragmented industries. Sectors of interest include life science, retail, media/entertainment, light manufacturing, agriculture, food processing, healthcare, distribution, and IT/software. Kotak is based in Mumbai.


DEAL STATS #
Overall 7 of 18
Sector: Machinery M&A 1 of 1
Type: Add-on Acquisition M&A Deals 3 of 5
Country: India M&A 7 of 17
Year: 2013 M&A 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-02-10 Minda

Noida, India

Minda manufactures and assembles safety and security systems, and its associated components for the automotive industry in India, rest of Asia, the Americas, and Europe. It also supplies products like Connective Systems, Plastic interior parts and Die-Casting products to various auto OEMs. MCL caters to large and marquee customers including Bajaj Auto, Tata Motors, TVS Motors, Mahindra & Mahindra, Daimler Benz, Audi, Volkswagen and Fiat. Minda was founded in 1958 and is based in Noida, Uttar Pradesh.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-10-01 VLife Sciences Technologies

Pune, India

VLife Sciences Technologies is a provider of licensed software and research solutions for discovery research projects in a variety of sectors. The software offers numerous unique and specialized features for applications in computer aided molecular discovery, bioinformatics, biotechnology and chemoinformatics. VLife Sciences Technologies was founded in 2002 and is based in Pune, Maharashtra.

Sell -