M&A Deal Summary

Zee Entertainment Enterprises Acquires Fly-By-Wire International Pvt.

On March 15, 2016, Zee Entertainment Enterprises acquired airliner Fly-By-Wire International Pvt. for 9M USD

Acquisition Highlights
  • This is Zee Entertainment Enterprises’ 1st transaction in the Airlines sector.
  • This is Zee Entertainment Enterprises’ largest (disclosed) transaction.
  • This is Zee Entertainment Enterprises’ 3rd transaction in India.

M&A Deal Summary

Date 2016-03-15
Target Fly-By-Wire International Pvt.
Sector Airlines
Buyer(s) Zee Entertainment Enterprises
Deal Type Add-on Acquisition
Deal Value 9M USD

Target

Fly-By-Wire International Pvt.

Bengaluru, India
website
Fly-By-Wire International Pvt. Ltd. is a provider of aircraft charter services. It owns and operates one Bombardier Challenger 605 aircraft.

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Buyer(S) 1

Buyer

Zee Entertainment Enterprises

Mumbai, India

website


Category Company
Founded 1982
Sector Media
Revenue 80.9B INR (2023)
DESCRIPTION

Zee Entertainment Enterprises is one of India's major television, media and entertainment companies. It is amongst the largest producers and aggregators of Hindi programming in the world, with an extensive library housing over 210,000+ hours of television content. With rights to more than 3,500 movie titles from foremost studios and of iconic film stars, ZEEL houses the world's largest Hindi film library. Zee Entertainment Enterprises is based in Mumbai, India.


DEAL STATS #
Overall 3 of 3
Sector (Airlines) 1 of 1
Type (Add-on Acquisition) 3 of 3
Country (India) 3 of 3
Year (2016) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-15 Sarthak Entertainment Pvt

Cuttack, India

Sarthak Entertainment Pvt Ltd. is a regional GEC in Odisha, producing highly popular content ranging from serials, reality shows, other non-fiction shows and films. It is Odisha's favourite TV channel touching the lives of the rural and urban, young and old, in every corner of Odisha. It reaches nearly 5 million people every week.

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