M&A Deal Summary

Tata Group Acquires Tata 1mg

On June 10, 2021, Tata Group acquired e-commerce company Tata 1mg from HBM Partners, International Finance and Corisol Holding

Acquisition Highlights
  • This is Tata Group’s 2nd transaction in the E-Commerce sector.
  • This is Tata Group’s 3rd transaction in India.

M&A Deal Summary

Date 2021-06-10
Target Tata 1mg
Sector E-Commerce
Buyer(s) Tata Group
Sellers(s) HBM Partners
International Finance
Corisol Holding
Deal Type Add-on Acquisition

Target

Tata 1mg

New Delhi, India
Tata 1mg is an online pharmacy network and medicine search engine that allows users to order medicines and book for diagnostic test. Tata 1mg was founded in 2012 and is based in New Delhi, New Delhi.

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Buyer(S) 1

Buyer

Tata Group

Mumbai, India

Category Company
Founded 1868
Sector Diversified
DESCRIPTION

The Tata Group is an Indian multinational conglomerate. Tata maintains interests in a diverse set of businesses spanning communications, IT, engineering, materials, services, energy, consumer products and chemicals.


DEAL STATS #
Overall 4 of 4
Sector: E-Commerce M&A 2 of 2
Type: Add-on Acquisition M&A Deals 3 of 3
Country: India M&A 3 of 3
Year: 2021 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-28 BigBasket

Bangalore, India

BigBasket is India's first comprehensive online grocery store. The Company's founding team has deep offline and online retail experience having pioneered e-commerce in India with India's first e-commerce site FabMart.com in 1999, and then setting up and running the Fabmall - Trinethra chain of supermarkets (now called "More"). The Company launched operations in Bangalore in December 2011. BigBasket offers a range of merchandise that can rival that of any physical store. The Company also provides a guarantee for on-time delivery, lowest prices, and great quality. BigBasket was formed in 2011 and is based in Bangalore, India.

Buy -

Seller(S) 3

SELLER

HBM Partners

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2001
PE ASSETS 2.1B USD
Size Large
Type Sector Focused
DESCRIPTION

HBM Partners is a private investment firm focused on investing in entrepreneurial biopharma and other healthcare-related companies in Europe, North America, India and other Emerging Markets. HBM looks to invest $5 to $50 million per transaction and will consider private and public companies. HBM Partners was established in 2001 and is headquartered in Zug, Switzerland.


DEAL STATS #
Overall 25 of 38
Sector: E-Commerce M&A 1 of 1
Type: Add-on Acquisition M&A Deals 2 of 7
Country: India M&A 1 of 2
Year: 2021 M&A 7 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-05 APR

Balerna, Switzerland

APR is a pharmaceutical company, identifying, developing, and commercializing known molecules engineered with drug delivery systems in niche and rare diseases on a global basis. The pipeline includes products at different stage of development concentrated in 3 selected therapeutic areas: inherited metabolic recessive diseases, cancer supportive care and skin rare diseases. APR was founded in 1990 and is based in Balerna, Switzerland.

Sell Fr.75M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-18 Ambrx

San Diego, California, United States

Ambrx is a clinical-stage biopharmaceutical company with a proprietary synthetic biology technology platform to design and develop next-generation antibody-drug conjugates (ADCs). The company is advancing a focused portfolio of clinical and preclinical programs designed to optimize efficacy and safety of its candidate therapeutics in multiple cancer indications, including ARX517, its proprietary ADC targeting PSMA for metastatic castration-resistant prostate cancer (mCRPC); ARX788, its proprietary ADC targeting human epidermal growth factor receptor 2 (HER2) for metastatic HER2+ breast cancer; and ARX305, its proprietary ADC targeting CD-70 for renal cell carcinoma. Ambrx was founded in 2003 and is based in San Diego, California.

Sell -
SELLER

International Finance

Washington, District of Columbia, United States

Category Company
Sector Financial Services
DESCRIPTION

International Finance Corp. is a sister organization of the World Bank and a member of the World Bank Group—is a global development institution focused on the private sector in developing countries. International Finance is based in Washington, District of Columbia.


DEAL STATS #
Overall 2 of 2
Sector: E-Commerce M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: India M&A 2 of 2
Year: 2021 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-25 NephroPlus

Hyderabad, India

NephroPlus is a dialysis provider network offering highest quality dialysis services. NephroPlus was founded in 2009 and is based in Hyderabad, Telangana.

Sell $45M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-22 Doverie

Sofia, Bulgaria

Doverie is a pension fund that manages five pension funds, which are separate legal entities: General Pension Fund Doverie (GPF), Fund for Life-long Pension Payments Doverie (FLPP), Fund for Deferred Payments Doverie (FDP), Professional Pension Fund Doverie (PPF), and Voluntary Pension Fund Doverie (VPF). Doverie is based in Sofia, Bulgaria.

Buy -
SELLER

Corisol Holding

Zug, Switzerland

Category Company
Founded 1974
Sector Financial Services
DESCRIPTION

Corisol Holding, together with its wholly owned subsidiaries KWE Beteiligungen AG, Swiss Small Cap Invest AG and VBF Holding AG is a family office which also engages in philanthropical activities. Corisol Holding was founded in 1974 and is based in Zug, Switzerland.


DEAL STATS #
Overall 1 of 1
Sector: E-Commerce M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: India M&A 1 of 1
Year: 2021 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-27 Tata 1mg

New Delhi, India

Tata 1mg is an online pharmacy network and medicine search engine that allows users to order medicines and book for diagnostic test. Tata 1mg was founded in 2012 and is based in New Delhi, New Delhi.

Buy -