022 24172311
Sections
Search
Subscribe
DealCurry
Equity
Venture Capital
Private Equity
M&A

Mergers & Acquisitions | 3 October 2012

Paharpur Cooling Towers May Buyout SPX's Cooling Biz

by Paritosh Gajjar
Paharpur Cooling Towers May Buyout SPX's Cooling Biz
Share on Social Media Email Facebook Twitter Linkedin
 
@Paritosh
Swarup family promoted Paharpur Cooling Towers Limited (PCTL) is in talks to acquire American firm SPX Corporation’s cooling business.

SPX is undergoing restructuring of its global portfolio and has mandated JP Morgan for the sell off. Credit Suisse is representing Paharpur Cooling Towers.

ET stated that the deal could be a leveraged buyout with the target company valued at around $500-600 Mn in comparison to Paharpur’s revenue being R1159 Cr in 2010-11 with R227 Cr in net profits.

Seedfund Backed MyDentist To Raise Series B Round

Seedfund Backed MyDentist To Raise Series B Round

MyDentist, a dental clinic chain in Mumbai is planning to raise $10 Mn Series B round to expand its network of clinics to 130 by March 2013.

Read More...

Cleantech Fund Infuse Ventures Plans Investments

Cleantech Fund Infuse Ventures Plans Investments

Infuse Ventures, a VC fund aimed at backing early stage ventures in the clean technology space, is looking out for targets for making seed investments.

Read More...