Investment Summary

Multiples Alternate Asset Management, Aditya Birla PE Advisors, Motilal Oswal Private Equity Advisors, Madison India Capital and Reliance Infrastructure Exits IEX

On October 14, 2017, invested in internet software and services company IEX from Multiples Alternate Asset Management, Aditya Birla PE Advisors, Motilal Oswal Private Equity Advisors, Madison India Capital and Reliance Infrastructure

Investment Highlights
  • This is transaction in the Internet Software and Services sector.
  • This is transaction in India.

Investment Summary

Date 2017-10-14
Target IEX
Sector Internet Software and Services
Sellers(s) Multiples Alternate Asset Management
Aditya Birla PE Advisors
Motilal Oswal Private Equity Advisors
Madison India Capital
Reliance Infrastructure
Deal Type IPO

Target

IEX

Noida, India
EX is an automated and online power exchange and offers products that permit trading in electricity (for physical delivery) and renewable energy certificates. Indian Energy Exchange was founded in 2007 and is based in Noida, Uttar Pradesh.

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Seller(S) 5

SELLER
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 3 of 9
Sector: Internet Software and Services M&A 1 of 2
Type: IPO M&A Deals 1 of 2
Country: India M&A 3 of 8
Year: 2017 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-07 RBL Bank

Mumbai, India

RBL Bank operates as a scheduled commercial bank. It is continuously expanding its presence across India through a growing network of branches and ATMs. RBL Bank was established in 1943 and is based in Mumbai, Maharashtra.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-01 Arvind Fashions

Ahmedabad, India

Arvind Fashions is an apparel company, catering to consumers across the income pyramid. It has a mix of international and indigenous brands, including US Polo, Tommy Hilfiger, Arrow, Flying Machine, Calvin Klein, and others. The Company has created a unique platform for launching and scaling brands. Arvind Fashions was founded in 1993 and is based in Ahmedabad, Gujarat.

Sell -
SELLER

Aditya Birla PE Advisors


Category Private Equity Firm
Founded 2009
PE ASSETS 11.2B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Aditya Birla Private Equity is a private equity investment group focused on investing in growth-oriented companies throughout India. The Firm is sector agnostic and targets businesses with proven business models and the potential to be leaders in their markets. Aditya Birla Private Equity was established in 2007 and is headquartered in Mumbai.


DEAL STATS #
Overall 1 of 1
Sector: Internet Software and Services M&A 1 of 1
Type: IPO M&A Deals 1 of 1
Country: India M&A 1 of 1
Year: 2017 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-10-01 IEX

Noida, India

EX is an automated and online power exchange and offers products that permit trading in electricity (for physical delivery) and renewable energy certificates. Indian Energy Exchange was founded in 2007 and is based in Noida, Uttar Pradesh.

Buy -
SELLER
DESCRIPTION

Motilal Oswal Private Equity Advisors is the private equity arm of Motilal Oswal Financial Services Limited, a diversified financial services group. Motilal Oswal Private Equity Advisors looks to invest in and acquire mid-sized growth oriented companies throughout India. The Firm targets businesses in need of capital to to expand into new geographies and products. Motilal Oswal Private Equity Advisors was established in 2006 and is headquartered in Mumbai, Maharashtra.


DEAL STATS #
Overall 3 of 11
Sector: Internet Software and Services M&A 1 of 1
Type: IPO M&A Deals 2 of 7
Country: India M&A 3 of 9
Year: 2017 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-07 Fincare

Bengaluru, India

Fincare enables financial inclusion of the underbanked base of pyramid, mass retail and micro & small enterprise segments. Fincare was founded in 2007 and is based in Bengaluru, Karnataka.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-01 Cycle

Mysuru, India

Cycle is an agarbathi and spiritual-products company offering incense sticks, dhoops and sambranis, along with lifestyle and functional air-care products such as vaporizers, aromatic candles, room fresheners, car fresheners and bathroom fresheners. The portfolio also includes puja essentials like oils, kumkum and chandan. Cycle was founded in 1948 and is based in Mysuru, Karnataka.

Buy -
SELLER

Madison India Capital

Port Louis, Mauritius

Category Private Equity Firm
PE ASSETS 1.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Madison India Capital Partners is an Indian private investment group focused on mid-sized companies in the media, communications and business services sectors. Specific areas of interest include radio and television broadcasting, publishing, marketing services, content and distribution, information services, offshore services related to media and communications, and telecommunications. The Firm's target investment size is $5 to $20 million in transactions valued up to $100 million. Madison India Capital is based in Gurgaon.


DEAL STATS #
Overall 2 of 3
Sector: Internet Software and Services M&A 1 of 2
Type: IPO M&A Deals 1 of 1
Country: India M&A 2 of 3
Year: 2017 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-01 Pine Labs

Noida, India

Pine Labs offers a merchant platform that includes technology and financial solutions for merchants to help them in increasing their revenue, reducing the cost and complexity of running a business, and managing the risks involved. Pine Labs was founded in 1998 and is based in Noida, Uttar Pradesh.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-23 Net4 India

New Delhi, India

Net4India is a provider of the data center, cloud hosting, and network services. The company’s services include domain name registration, web hosting, broadband access, hosted voice, network integration and applications over broadband, primarily to SMEs in India.

Sell -
SELLER

Reliance Infrastructure

Navi Mumbai, India

Category Company
Founded 1929
Sector Infrastructure
DESCRIPTION

Reliance Infrastructure Ltd. is one of the largest infrastructure companies, developing projects through various Special Purpose Vehicles (SPVs) in several high growth sectors such as power, roads, metro rail and airport in the infrastructure space and in the defense sector. RInfra is a major player in providing Engineering, Procurement and Construction (EPC) services for developing power, infrastructure, metro and road projects.


DEAL STATS #
Overall 1 of 2
Sector: Internet Software and Services M&A 1 of 1
Type: IPO M&A Deals 1 of 1
Country: India M&A 1 of 2
Year: 2017 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-10-01 IEX

Noida, India

EX is an automated and online power exchange and offers products that permit trading in electricity (for physical delivery) and renewable energy certificates. Indian Energy Exchange was founded in 2007 and is based in Noida, Uttar Pradesh.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-18 DA Toll Road Pvt.

India

DA Toll Road Pvt. Ltd. is a toll road in the state of Haryana/Uttar Pradesh, India. DATRPL operates the 180-kilometer, six-lane toll road connecting the national capital, Delhi, with Agra on National Highway (NH) 2. The road is a 26-year concession, granted in 2010, for strengthening and widening the four-lane highway to a six-lane configuration and began collecting tolls in October 2012.

Sell -