Gurgaon-headquartered auto parts manufacturer Sandhar Technologies Ltd has acquired the cabin business of Arkay Fabsteel Systems Pvt. Limited of Ambethan, Pune, the company said in a press release. The acquisition will double company's production capacity for cabins. With this Sandhar enters into the designing and manufacturing of operator cabins for Back Hoe Loaders, Excavators, Wheel Loaders, Cranes, Skid Steers and Tractors. The acquisition will also get Sandhar access to cabin business and customers at Pune which includes JCB, Atlas Copco, Tafe, Mahindra Construction Equipment, Ashok Leyland, John Deere and Potain. Shade Capital acted as financial advisor to Arkay Fabsteel Systems Pvt. Ltd.
Olam International Limited sold Taraori Rice Mills Private Limited, the holding company for its rice milling assets in India, to Spanish rice and pasta manufacturer, Ebro Foods, for $14.5 million. Shade Capital acted as sole financial advisor to Olam for the transaction.
Delhi-based Pristine logistics & Infraprojects Pvt. Ltd. announced the investment of Rs.600 million from UTI Capital. Company is involved in setting up inland container depots and private freight terminals under public-private partnership model of Indian Railways. Shade Capital acted as sole financial advisor for the transaction.
Bush Foods Overseas Private Limited announced the investment of Rs.1100 million form Standard Chartered Private Equity. Company is among India's leading rice companies. Shade Capital acted as sole financial advisor for the transaction.
IL&FS India Realty Fund II announced the investment of Rs 800 million in Aria Hotels and Consultancy Services Private Limited("Aria"), a subsidiary of Asian Hotels (West) Ltd, for a 33% stake. Asian Hotels (West) Ltd owns and operates Hyatt Regency Mumbai. Aria is developing the 500 room JW Marriott Hotel in New Delhi at a project cost of Rs 7 billion. Shade Capital were exclusive financial advisors to Aria for the placement
Adhunik Power and Natural Resources Ltd("APNRL"), a part of the Kolkata based Adhunik Group, announced that IDFC Project Equity will acquire a 27% stake for Rs. 2.5 billion.The entire investment will go towards setting up a 540-megawatt coal fired thermal power project in Jamshedpur, Jharkhand over the next two years. Shade Capital acted as exclusive financial advisors to APNRL for the transaction.
Olam India (Exports) Ltd("Olam") acquired the sugar complex of Girdharilal Sugar and allied Industries Ltd for a total consideration of Rs. 490 million. the sugar complex is located in Madhya Pradesh, Central India. Shade Capital acted as exclusive financial advisors to Olam for the acquisition.
Sherwin-Williams, USA agreed to acquire 100% shareholding of Nitco Paints Ltd., a Mumbai based privately held exterior paints and coatings manufacturer. The acquisition marked the entry of Sherwin-Williams into the Indian paint market. Shade Capital were the exclusive financial advisors to Sherwin-Williams for the acquisition.
Bhilwara Energy Ltd, a part of the LNJ Bhilwara Group,. announced that it had entered into an agreement for private equity placement with New York Life Investment Management Fund II, LLC and Jacob Ballas Capital for about Rs. 620 million rupees. Shade Capital were financial advisors to Bhilwara Energy Ltd for the transaction.
Caparo Engineering India Pvt Ltd, a part of the UK based Caparo Group, completed the acquisition of the Sheet Metal Business of International Auto Ltd (IAL), flagship company of RSB Group. IAL is one of the major suppliers of sheet metal auto components to Tata Motors Ltd. The acquisition from IAL comprises the sheet metal operations at Pune and Jamshedpur. Shade Capital were exclusive financial advisors to Caparo for the transaction
Heg Ltd("HEG"), a part of the LNJ Bhilwara Group, divested its sponge iron business located in Durg, Chhattisgarh to Jai Balaji Industries Ltd for a consideration of Rs. 885 million.The divestiture marked the exit of Heg from the non core business of sponge iron and steel. Shade Capital acted as exclusive financial advisors to HEG for the transaction