Adtiya Birla PE Picks up 20% in Anupam Industries
Aditya Birla Private Equity Fund has bought 20% stake in Anupam Industries Ltd for Rs 50cr, valuing the company at Rs 250cr.
The investment will provide alternate financing to Anupam Industries, help in introducing new products and list the company on Indian stock exchanges in the next few years.
Bharat Banka, MD and CEO of the fund, will join the board of Anupam Industries.
Adtiya Birla PE fund had closed its India-centric fund in January by raising Rs 675cr from domestic investors. Out of the total corpus, 20% had been contributed by the Aditya Birla Group. The fund aims to exploit the capital needs of SMEs to scale up operations to meet the demand that will be created by the massive public spending in infrastructure.
Aditya Birla has invested in 3 companies through 'Naman Investments.' In June 2008, it had acquired 25% stake in V Mart Retail for an undisclosed amount. It has also invested in Bombay Stock Exchange and Core Projects & Technologies Ltd.
Anupam Industries is a Gujarat-based crane manufacturer. The company installs various types and special purpose EOT and GOLIATH cranes in all core sectors like Construction, Steel, Power, Cement, Refinery and Heavy engineering & manufacturing industry. It has an annual turnover of Rs 150cr.
According to an article dated May 2009 in DNA , there are around 200 crane manufacturers in India with a size of Rs2000cr approximately. The market size is around 500 to 600 cranes in a year which includes both new and used ones.
The primary driver for the tower crane industry in India is the investment in Infrastructure industry. Major players in the industry are Electromech, Federal Engineers and Reva Industries among others.
Transaction Reference: TOI
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KVEZAR VIEW
| Date | Transaction | Type | Buyer | Size ($mn) |
|---|---|---|---|---|
| 17/02/10 | Anupam Industries- Aditya Birla PE | Private Equity | Aditya Birla Private Equity Fund I | 10.84 |
| Date | Type | Buyer | Target | Size ($mn) | State |
|---|---|---|---|---|---|
| 07/02/12 | Private Equity | IDFC Private Equity | Regen Powertech Private Limited | 20.39 | Announced |
| 07/02/12 | M&A | Piramal Healthcare Limited | Looking For | - | Planned |
| 03/02/12 | M&A | ThyssenKrupp Elevator India Private Limited | Eros Elevators & Escalators Private Limited | - | Completed |
| 31/01/12 | M&A | Inox India Limited | Looking For | 20.00 | Planned |
Fund |
||||
| Name | Corpus | Target Sector | Website | KeyContact |
|---|---|---|---|---|
| Aditya Birla Private Equity Fund I | 250 | Education Media Healthcare Infrastructure Transport & Logistics |
www.adityabirla-pe.com | Shamik MoitraAchin BhardwajMehul MarooSailesh ShenoiSunil JainBhavna MohanNagaraj CherukuriBharat BankaRahul D ShahAmitvikram SharmaGaurav Pandya |
Company |
||||
| Name | Promoters | Office | Competitor | Website |
|---|---|---|---|---|
| Anupam Industries Limited | J.C. Patel & Family | 138 GIDC, Vithal Udyog Nagar, Vallabh Vidyanagar, Anand, Gujarat |
Reva Industries Limited Federal Equipment Private Limited Electromech Engineering Services Private Limited Pranav Construction Systems Private Limited ElectroMech Material Handling Systems (India) Private Limited |
www.anupamgroup.com |
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