Actis Exits From Sandhar Locking Devices
Actis is exiting it's investment in Sandhar Locking Devices Limited, a unit of 
Sandhar Technologies Limited. It had invested Rs.105 Cr for a miority stake in 2005.
Edelweiss is the sole advisor to the deal.
Transaction Reference: Business Standard
Gurgaon-based Sandhar Group is an auto component maker. It's products includes rear view mirror assemblies, locking devices, wheel rim and assembly, sheet metal components, zinc / Al die castings, injection moulding and design and manufacturing moulding, dies.
The company has collaboration with Honda Lock Mfg. Co. Ltd., Japan for manufacturing locks sets and rear view mirror in India.
In 2010, GVK Energy Ltd, a subsidiary of GVK Power & Infrastructure Limited raised Rs.435 Cr from Actis and Government of Singapore Investment Corporation, while Actis and Tata Realty & Infrastructure invested $200mn in TRIL Roads.
Actis is also planning to exit from Halonix Limited. Actis PE had acquired 66% in Halonix in 2007 through Actis India Fund. First, in May'06, Actis bought out promoter B.K Gupta's 47% stake in the company for Rs. 190 per share. This was followed by the mandatory open offer, leading to Actis gaining full control of the company by March'07.
Last year, Actis sold its 63% stake in Paras Pharma for about $726 mn, along with Sequoia Capital to Reckitt Benckiser.
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KVEZAR VIEW
| Date | Transaction | Type | Buyer | Size ($mn) |
|---|---|---|---|---|
| 09/05/11 | Sandhar Technologies - Actis LLP (Exit) | Private Equity | - | |
| 08/08/07 | - Sandhar Technologies(PE) | Private Equity | - | |
| 03/06/06 | Sandhar Technologies - Actis LLP | Private Equity | Actis LLP | 22.75 |
| Date | Type | Buyer | Target | Size ($mn) | State |
|---|---|---|---|---|---|
| 03/05/12 | Private Equity | Monetary Authority of Singapore | Samvardhana Motherson Finance Limited | 41.72 | Completed |
| 26/04/12 | Private Equity | International Finance Corporation | ATC Tires Private Limited | 160.00 | Planned |
| 26/04/12 | Private Equity | Commercial Engineers & Body Builders Co. Limited | - | Completed | |
| 25/04/12 | IPO / Offerings | Samvardhana Motherson Finance Limited | 315.88 | Called Off |
Fund |
||||
| Name | Corpus | Target Sector | Website | KeyContact |
|---|---|---|---|---|
| Actis LLP | Infrastructure Outsourcing BFSI Engineering / Capital Goods Real Estate |
http://www.act.is/ | Mahesh ChhabriaSreenivasulu VudayagiriSteven EnderbyG RathinamJ M TrivediSteven EnderbyG RathinamJ M TrivediPrabir TalatiArunima PatelMahesh ChhabriaSanjiv AggarwalShomik MukherjeeVijay Jacob | |
Company |
||||
| Name | Promoters | Office | Competitor | Website |
|---|---|---|---|---|
| Sandhar Technologies Limited | Jayant Davar | C-101 A, Ansal Plaza, HUDCO Place, Khelgaon Marg | www.sandhargroup.com | |
 |
Edelweiss Capital Limited (I-Bank) |
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