M&A Deal Summary

Vedanta Acquires AvanStrate

On December 27, 2017, Vedanta acquired manufacturer AvanStrate from The Carlyle Group

Acquisition Highlights
  • This is Vedanta’s 1st transaction in the Manufacturing sector.
  • This is Vedanta’s 1st transaction in Japan.

M&A Deal Summary

Date 2017-12-27
Target AvanStrate
Sector Manufacturing
Buyer(s) Vedanta
Sellers(s) The Carlyle Group
Deal Type Add-on Acquisition

Target

AvanStrate

Yokkaichi, Japan
AvanStrate is a manufacturer of glass substrates for liquid crystal display (LCD glass).

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Buyer(S) 1

Buyer

Vedanta

Mumbai, India

Category Company
Founded 1954
Sector Metals/Mining
Employees17,526
Revenue 1.42T INR (2024)
DESCRIPTION

Vedanta is a diversified natural resources company, with operations across zinc-lead-silver, oil & gas, iron ore, copper, aluminium and commercial power. Vedanta was founded in 1954 and is based in Mumbai, India.


DEAL STATS #
Overall 1 of 1
Sector (Manufacturing) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (Japan) 1 of 1
Year (2017) 1 of 1

Seller(S) 1

SELLER

The Carlyle Group

Washington, District of Columbia, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1987
PE ASSETS 435.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.

The Carlyle Group is a global investment firm that pursues private equity, credit, and real estate investments worldwide. Carlyle's private equity practice practice pursues buyouts, strategic minority equity investments, equity private placements, consolidations and buildups, and growth capital financings. With offices in 19 countries, Carlyle can easily target opportunities throughout North America, Europe, Asia, Australia, the Middle East/North Africa and Latin America. Broad sectors of interest include aerospace, defense, automotive and transportation, consumer, retail, energy and power, financial services, healthcare, industrial, infrastructure, technology services, business services, telecommunications and media. The Carlyle Group was formed in 1987 and is based in Washington DC.


DEAL STATS #
Overall 343 of 482
Sector (Manufacturing) 13 of 16
Type (Add-on Acquisition) 147 of 199
Country (Japan) 12 of 17
Year (2017) 26 of 26
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-27 BIS Industries

Sydney, Australia

BIS Industries is a provider of specialized logistics and materials handling solutions for the world’s biggest mining and resource companies. BIS Industries is based in Sydney, Australia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-01 Yes Bank

Mumbai, India

Yes Bank is a new private sector bank. The Bank is focused on high-growth, knowledge sectors such as life sciences, media/entertainment, business services, skills-based manufacturing and agribusiness. Yes Bank was founded in 2004 and is based in Mumbai, India.

Buy -