Intex Plans To Raise Funds Through PE
Intex Technologies (India) is planning to raise Rs.250-300 Cr through PE in the next three-five years for its expansion plans.
Currently, it is in talks with six PE players for the same and once the funds is raised, it will then plan an IPO to raise more funds.
Transaction Reference: BS
Founded in 1996, Delhi-based Intex Technologies is an IT hardware, mobile phones and electronics company. Its brand 'Intex' covers 7 business segments - personal computers, consumer electronics, computer peripherals, retail, mobile phones, enterprise business and international business.
Its sales are routed through a channel network comprising distributors and dealers across India and has 3 manufacturing units located in Jammu, Nalagarh (HP) and Manpura (HP).
In its expansion plans, Intex is planning to get into netbooks and notebooks segment, will increase its retail store ‘Intex Square’ from current 18 to 100 by next year and will also increase its headcount by 500 people by the year end from the current 1,800.
Intex reported a turnover of Rs.466 Cr in 2008-09.
Recently, Spice Mobility has planned to raise Rs.300 Cr by selling 3.2 Cr treasury shares for expansion of its mobile retail outlets and for acquisitions of smaller firms in the value added services (VAS) space.
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KVEZAR VIEW
| Date | Transaction | Type | Buyer | Size ($mn) |
|---|---|---|---|---|
| 05/07/10 | Intex Technologies - PE Funding | Private Equity | Looking For | 64.20 |
| Date | Type | Buyer | Target | Size ($mn) | State |
|---|---|---|---|---|---|
| 31/01/12 | M&A | Kajaria Ceramics Limited | Jaxx Vitrified Private Limited | 1.26 | Completed |
| 23/01/12 | Private Equity | Baytree Capital Associates | Godrej Consumer Products Limited | 136.45 | Completed |
| 13/01/12 | M&A | Fabbrica Italiana | Writefine Products Private Limited | - | Completed |
| 19/12/11 | M&A | Wep Peripheral - Printer Division | - | Completed |
Company |
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| Name | Promoters | Office | Competitor | Website |
|---|---|---|---|---|
| Intex Technologies (India) Limited | Narendra Bansal & Family | D - 18/2, Okhla Industrial Area, Phase-II, New Delhi-110020. Delhi, India. |
Creative Technology Limited S Mobility Limited (Formerly Spice Mobility Ltd) |
www.intextechnologies.com |
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