“Japan’s largest ink manufacturer by revenue DIC Corporation has acquired Maharashtra-based resins manufacturer Ideal Chemi Plast Pvt Ltd in an undisclosed amount. Founded in 2004, Ideal Chemi Plat manufactures and sells acrylic, alkyd, polyester and other resins for auto refinishing, coil and wood ...

“Ebix Inc, a US-listed supplier of software and e-commerce services to finance and insurance companies, on Tuesday said that it has acquired Miles Software, an asset and wealth-management services provider, for at least $19 million dollars,” reported Mint . Universal Legal Advocates advised Miles So...

“Ebix, Inc, a leading international supplier of On-Demand software and E-commerce services to the insurance, financial, healthcare and e-learning industries, today announced that one of its Indian subsidiaries has signed agreements to acquire the assets of Delhi based Pearl International Tour &...

Amar Tea has bought a 26% stake of Madhav Agro Food for $24m. Legasis Partners advised Amar Tea led by partner Apurv Sardeshmukh and associates Vaishnavi Bhat , Mugha Joshi and Aanchal Lamba . Chartered accountants JAA Associates advised Madhav Agro Foods. This deal has not been reported by any main...

Evolent Health bought shares of Cicerone Health Solutions in Valence Health Solutions, including its subsidiary Indian subsidiary, as reported in Evolent’s quarterly statements . Legasis Partners advised Cicerone Health Solutions led partner Apurv Sardeshmukh , senior associate Mugdha Joshi and asso...

Kerry Indev Logistics Private Limited has bought a 74%-76% stake in Velex Logistics Private Limited, as mentioned in a report.

Legasis Partners advised Velex Logistics Private Limited led by a team of partner Apurv Sardeshmukh.

2018-06-11

Deal value: $41.2m

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Toshiba has increased its stake to 100% in UEM India, according to reports . Indian Law Partners advised Toshiba , led by a team of partner Gopika Pant , partner Vineet Gupta . Amicus Services acted for the promoters of UEM India. DSK Legal advised the other shareholder True North . 2018-03-01 {inco...

“iLink Systems, a global Software Solution Provider and Systems Integrator with a presence in the US, India, Middle-East and Southeast Asia, has announced its acquisition of Thinking Hut IT Solutions Pvt. Ltd., an India based IoT solution provider advised by SA Global Advisors,” reported PRWeb . Leg...

Acquisition by GST Acquisition Corp. of GST Autoleather Inc. and Other GST entities 50% stake in Tata Internation GST Autoleather Limited. Legasis Partners advised GST Autoleather Inc affiliated entities on its purchase of Tata International’s 50% stake in GST Autoleather Limited. The Legasis team w...

“Powered by the business of Dena Bank and Vijaya Bank, Bank of Baroda will become larger than ICICI Bank from 1 April following completion of the amalgamation process of three state-run banks. After State Bank of India (SBI) and HDFC Bank, with businesses of ₹ 45.85 trillion and ₹ 15.8 trillion resp...

“Emami has acquired German personal care brand Creme 21, which is large in the Middle-East, according to a company release. While the company did not share the deal value, Emami said the brand has been acquired at less than 1.5 times of its sales of Euro 8m,” reported the Economic Times . Khaitan &#...

“Ireland-based Ingersoll-Rand PLC has agreed to acquire Precision Flow Systems, which provides various pumps and other fluid management products, from funds advised by BC partners Advisors LP and The Carlyle Group ,” reported Houston Business Journal . Khaitan & Co advised Ingersoll Rand led by...

“Technology consulting and digital solutions firm Larsen & Toubro Infotech (LTI) announced that it has signed a definitive agreement to acquire [German company] NIELSEN+PARTNER (N+P) for $31.6m including earnouts and at a FY18 revenue multiple of about 3.2x,” reported the Economic Times . Khait...

Canada-based Ag Growth International Inc has acquired 100% of the shares outstanding of Indian company Milltec Machinery Limited for $109.5m, plus up to $38.4m based on attaining future financial goals. The transaction was funded by AGI’s revolving credit facility,” reported the company about the sa...

“Elara Technologies, which owns Housing.com, PropTiger, and Makaan.com, has acquired Gurugam-based rental brokerage platform FastFox to foray into online-to-offline home rentals. FastFox was valued at just under Rs 100 crores at the time of the transaction, the company said in a statement,” reported...

Sterling & Wilson Private Limited, “SWPL has agreed to acquire 100% of share capital of Unitech Power Transmission Ltd, a wholly owned subsidiary of Unitech Ltd, according to reports . Cyril Amarchand Mangaldas advised Sterling & Wilson Private Limited led by a team of partner Santosh Jana...

“The Weir Group PLC (‘Weir’ or ‘The Group’) is pleased to announce that it has entered into an agreement to sell its Flow Control division to First Reserve, a leading global private equity investment firm focused exclusively on energy, for an Enterprise Value of £275m,” reported the company . Cyril ...

“Sigma Systems, a leading global provider of create-sell-deliver software solutions for telecom, media, and high-tech companies, has entered into an agreement to be acquired by Australian based billing, data management and customer care company Hansen Technologies,” according to the company’s press ...

“Kansai Nerolac Paints Ltd has agreed to acquire a 100% stake in construction chemicals company Perma Construction Aids Pvt. Ltd for Rs 29.1 crore (about $4.16 million) in cash,” reported VCCircle . Desai & Diwanji advised Perma Construction Aids Private Limited and its shareholders led by a te...

Global fast-food giant McDonald’s has finally managed to regain control of its North Indian operations, which had been plagued by its protracted six-year battle with North Indian joint-venture ‘partner’ Connaught Plaza Restaurants Restaurants Private Limited, owned by businessman Vikram Bakshi, as r...