M&A Deal Summary

Tube Investments of India Acquires Lotus

On May 11, 2023, Tube Investments of India acquired medical products company Lotus from Samara Capital

Acquisition Highlights
  • This is Tube Investments of India’s 1st transaction in the Medical Products sector.
  • This is Tube Investments of India’s 1st transaction in India.

M&A Deal Summary

Date 2023-05-11
Target Lotus
Sector Medical Products
Buyer(s) Tube Investments of India
Sellers(s) Samara Capital
Deal Type Add-on Acquisition
Advisor(s) o3 Capital (Financial)

Target

Lotus

Mumbai, India
Lotus offers comprehensive range of surgical devices. Lotus designs, develops and manufactures products using high ended technology under clean room conditions - and under the supervision of highly skilled personnel and qualified staff. Lotus is based in Mumbai, India.

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Buyer(S) 1

Buyer

Tube Investments of India

Chennai, India

Category Company
Founded 1955
Sector Engineering
Employees3,219
Revenue 189.2B INR (2025)
DESCRIPTION

Tube Investments of India is an engineering and manufacturing company that specializes in bicycles, metal formed products, and chains. Tube Investments of India was founded in 1955 and is based in Chennai, Tamil Nadu.


DEAL STATS #
Overall 1 of 1
Sector: Medical Products M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: India M&A 1 of 1
Year: 2023 M&A 1 of 1

Seller(S) 1

DESCRIPTION

Samara Capital is an India-based private equity firm focused on acquiring interests in emerging Indian companies. Samara specifically looks for sectors or business models that offer significant opportunities and are poised for rapid growth or transformation. Industries of interest include infrastructure, consumer products/services, financial services, pharmaceuticals/healthcare, IT, business process outsourcing, media, and manufacturing. Samara Capital was formed in 2006 and has offices in Mumbai and and New Delhi.


DEAL STATS #
Overall 3 of 3
Sector: Medical Products M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: India M&A 3 of 3
Year: 2023 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-09 Sapphire Foods

Mumbai, India

Sapphire Foods is a franchisee operator of the US fast-food giant Yum Brands. Sapphire Foods operates 437 KFC, Pizza Hut, and Taco Bell restaurants in India, Sri Lanka, and the Maldives. Sapphire Foods was incorporated in 2009 and is based in Mumbai, Maharashtra.

Sell -