M&A Deal Summary

Multiples Alternate Asset Management Acquires Montra Electric

On January 1, 2023, private equity firm Multiples Alternate Asset Management acquired automotive company Montra Electric

Acquisition Highlights
  • This is Multiples Alternate Asset Management’s 1st transaction in the Automotive sector.
  • This is Multiples Alternate Asset Management’s 23rd transaction in India.

M&A Deal Summary

Date 2023-01-01
Target Montra Electric
Sector Automotive
Buyer(s) Multiples Alternate Asset Management
Deal Type Buyout (LBO, MBO, MBI)

Target

Montra Electric

Chennai, India
Montra Electric is a comprehensive commercial vehicle-focussed EV platform with presence across three-wheelers, MHCVs, tractors, and SCVs. The company is a category creator in the electric MHCVs and tractors segment and has truly differentiated products in the electric three-wheelers and SCVs segment. Montra Electric is based in Chennai, India.

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Buyer(S) 1

DESCRIPTION

Multiples Alternate Asset Management is a private equity firm focused on opportunities throughout India. The Firm does not have any sector preferences and will consider a range of opportunities, from minority stakes to buyouts. Multiples was formed in 2009 and is headquartered in Mumbai.


DEAL STATS #
Overall 25 of 28
Sector: Automotive M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 4 of 5
Country: India M&A 23 of 26
Year: 2023 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-19 Niyo

Bengaluru, India

Niyo offers digital savings accounts as well as wealth management services to customers in partnership with banks and other financial institutions. Niyo was founded in 2015 and is based in Bengaluru, India.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-07-05 Veritas Finance

Chennai, India

Veritas Finance provides MSME financing across semi-urban and rural geographies, which is a large and underserved market. Veritas Finance was founded in 2015 and is based in Chennai, India.

Buy -