M&A Deal Summary

Pantaloon Retail India Acquires Home Solutions Retail India

On February 1, 2010, Pantaloon Retail India acquired consumer products company Home Solutions Retail India from ICICI Venture

Acquisition Highlights
  • This is Pantaloon Retail India’s 1st transaction in the Consumer Products sector.
  • This is Pantaloon Retail India’s 1st transaction in India.

M&A Deal Summary

Date 2010-02-01
Target Home Solutions Retail India
Sector Consumer Products
Buyer(s) Pantaloon Retail India
Sellers(s) ICICI Venture
Deal Type Add-on Acquisition

Target

Home Solutions Retail India

Mumbai, India
Home Solutions Retail India Ltd (HSRIL) is a subsidiary of Pantaloon Retail (India) Limited, flagship company of the Future Group promoted by Mr. Kishore Biyani. Home Solutions focuses on three verticals namely Consumer Electronics, Furniture & furnishings and Home Improvement. By building the business as a separate legal entity, the strategy is to create focus and build relevant competencies. Home is one of the largest categories of specialty retail worldwide.

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Buyer(S) 1

Buyer

Pantaloon Retail India

Mumbai,

Category Company
Sector Retail
DESCRIPTION

Pantaloon Retail India Ltd. operates a chain of dual-format stores selling consumer electronics, furniture, home improvement products and building materials in the lifestyle and value segments.


DEAL STATS #
Overall 1 of 1
Sector: Consumer Products M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: India M&A 1 of 1
Year: 2010 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 8 of 21
Sector: Consumer Products M&A 1 of 3
Type: Add-on Acquisition M&A Deals 5 of 8
Country: India M&A 8 of 20
Year: 2010 M&A 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-08-19 Perlecan Pharma

Hyderabad, India

Perlecan Pharma is India's first integrated drug development company and is promoted by Dr. Reddy's Laboratories Limited (DRL) with equity capital commitment from ICICI Venture and other investors. The capital committed is to be used for funding R&D, clinical development and drug filing costs of 4 molecules. Perlecan Pharma has in-licensed 4 NCEs (New Chemical Entities) in the area of Cardiovascular and Metabolic disorders from DRL. The company's key objective is to advance the clinical development of NCE assets through Phase II and thereafter seek out-licensing, co-development or joint commercialization opportunities. Perlecan Pharma was founded in 2005 and is based in Hyderabad, India.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-03-31 Star Health and Allied Insurance

Chennai, India

Star Health and Allied Insurance is a standalone health insurer. Star Health and Allied Insurance was founded in 2005 and is based in Chennai, Tamilnadu.

Buy -