|
Home » Private Equity » Retail / Leisure/ Travel/ Textile » TPG Keen To Acquire Promoter's Stake in Vishal Retail |
|
|
TPG Keen To Acquire Promoter's Stake in Vishal Retail
by Irfan Khan | February 06,2010 - 11:07 AM
Topics : Private Equity
Industries : Retail / Leisure/ Travel/ Textile
|
|
|
|
TPG is interested in acquiring majority stake in debt ridden Vishal Retail as the company has gone in fro CDR. TPG is ready to pay about $53 Mn for the promoter's 63% stake in the company, valuing the retailer at $84.13 Mn. It was reported on DealCurry yesterday that the company might opt for a stake sale as it looks to pay off its Rs 730 Cr debt. TPG Capital - formerly known as Texas Capital Group was founded in 1992. It's area of focus include consumer/retail, media and telecommunications, industrials, technology, travel/leisure, and health care. TPGs Investment in India | Date | Target | Size ($ Mn) | | May'09 | Indiabulls Real Estate Ltd | 200.00 | | Sept'08 | Shriram Retail Holdings Pvt Ltd | 147.00 | | May'08 | Shriram City Union Finance Ltd | 22.39 | | Sept'05 | Shriram Holdings (Madras) Pvt. Ltd. | - | | Feb'04 | Matrix Laboratories Ltd | 74.00 | Source: BS
|
|
|
|
|
|
|
| |
| Date | Type | Sub Type | Buyer | Size |
| Vishal Retail - TPG |
| 06/02/10 |
Private Equity |
Stake Sale |
TPG Capital Inc. |
54.00 |
| Vishal Retail - Looking For PE |
| 05/02/10 |
Private Equity |
Looking For Buyer |
|
0.00 |
| Vishal Retail - Gaja Capital Partners, |
| 28/08/06 |
Private Equity |
|
Gaja Capital Partners |
8.40 |
|
Recent Transactions In The Sector |
|
| Date | Type | Buyer | Target | Size | State |
| 06/09/10 |
M&A |
Reliance Capital Asset Management Limited |
Trent Limited |
4.56 |
Completed |
| |
| 13/08/10 |
Private Equity |
SAIF Partners |
Catmoss Retail Limited |
21.37 |
Completed |
| |
| 27/07/10 |
Private Equity |
TLG Capital |
Refeel Cartridge Engineering Private Limited |
4.46 |
Completed |
| |
| 22/06/10 |
Venture Capital |
Shapoorjee Chandabhoy Finvest Private Limted |
Liverpool Retail India Limited |
3.30 |
Announced |
| |
| Fund |
| Name | Corpus | Target Sector | Website | KeyContact | Email | No |
| TPG Capital Inc. |
50000 |
Consumer Goods
Retail
Telecom
Media
Technology |
http://www.texaspacificgroup.com/ |
David Bonderman |
|
0 |
| | | | | James Coulter |
|
0 |
| |
| Company |
| Name | Promoters | Office | Competitor | Website |
| Vishal Retail Limited |
Uma Agarwal & Group |
Plot No. 332, Near TELCO Service Station, Behind Shokeen Farmlands, Rangpuri,New Delhi 110037 |
Trent Limited
V Mart Retail Private Limited
Aditya Birla Retail Limited |
www.vishalmegamart.net |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Latest DealCurry Notes |
| |
|
PE Fund SIDOFI Communication To Buy 10% In Asianet
|
|
September 07, 2010, 10:48 AM | Deeshesh Chheda
|
Mauritius-based private equity fund SIDOFI Communication Investment is set to acquire nearly 10% stake in Kerala-based broadcaster Asianet Communication Limited (ACL), which is backed by leading broadcaster Star TV India.
SIDOFI will buy this stake from another Mauritius-based private equity fund Americorp Ventures. Americorp bought 9.33% stake in Asianet in 2005 for Rs.6.6 crore valuing Asianet at Rs.70 crore.
|
|
|
|
| M&A |
|
|
| |
| PRIVATE EQUITY |
|
|
| |
| VENTURE CAPITAL |
|
|
| |
| I.P.O. / OFFERINGS |
|
|
| |
| |
|
