Cross Border Transactions

Client Transaction Details Value
(US$ mn)
Year
JTEKT Corporation – Sona Koyo Steering Systems Exclusive Financial Advisors to JTEKT Corporation for acquisition of 25.1% stake in Sona Koyo Steering Systems Limited from Sona Group, followed by an Open Offer to acquire additional 26% stake 126 2017
Tata Chemicals - Yara International Sale of the Urea Business of Tata Chemicals to Yara International. Kotak was the lead advisor on the transaction to Tata Chemicals. 400 2016
American Tower Corporation American Tower Corporation to acquire a 51% controlling interest in Viom Networks Limited. Kotak Investment Banking and Evercore are joint financial advisors to American Tower. 1,170 2015
Tubacex Tubacex, the world’s leading Spanish manufacturer of stainless steel tubular solutions, acquired a majority stake in Prakash Steelage’s seamless stainless steel tube division 42 2015
Toshiba Buy-side Advisor for Acquisition of Strategic Stake in UEM India Pvt. Ltd. by Toshiba Corporation Undisclosed 2014
Mahindra Group – CIE Automotive Global alliance between Mahindra Group & CIE Automotive, Spain for auto components business and open offers for Mahindra Forgings Limited and Mahindra Composites Limited. Kotak Investment Banking was the exclusive financial advisor to the Mahindra Group and is the manager to the open offers. 900 2013
Hitachi Limited Financial Advisor for acquisition of 100% stake in Prizm Payments Services by Hitachi Ltd. Undisclosed 2013
Vijai Electricals Sale of major part of Electricity Transmission and Distribution (T&D) business to Toshiba Corporation 200 approx 2013
Mitsui – Arch Pharmalabs Limited. Mitsui & Co., Ltd. has acquired an additional 27.29% of the shares of Arch Pharmalabs Limited for US$ 68 million taking their post transaction shareholding to 31.96%. Kotak Investment Banking and GCA Savvian Corporation were the Exclusive Financial Advisors to Mitsui & Co., Ltd. for the transaction. 68 2013
Isuzu-Sumitomo Corporation Acquisition of 11% stake by Isuzu Motors in SML Isuzu from Sumitomo Corporation Undisclosed 2011
Kokuyo Co., Ltd. Exclusive financial advisor to Kokuyo Co., Ltd., a Japanese stationery and furniture products player, for acquisition of majority stake in Camlin 91 2011
Sumitomo Corporation Advisor to Sumitomo Corporation for acquisition of minority stake in VA Tech Wabag Undisclosed 2011
SBS Holdings SBS Holdings Inc’s acquisition of 80% stake in Atlas Logistics Limited. Kotak Investment Banking and GCA Savvian jointly advised SBS Holdings on the transaction. Confidential 2011
Tube Investments of India Exclusive financial advisor for acquisition of 77% stake in Sedis, a leading European manufacturer of industrial and auto chains based out of France Confidential 2010
Mahindra & Mahindra Agreement to acquire 51% stake by M&M in China's 3rd largest tractor company 54 2008
CRH Acquired 50% stake in My Home Industries Limited 825 2008
Mahindra Lifespaces Joint venture between Mahindra Lifespace Developers Ltd. and Ayala Land for a residential development in Chennai Confidential 2008
Thomas Cook Limited Acquisition of upto 74.9% stake (including Open Offer) in Thomas Cook (India) Limited and 100% stake in Thomas Cook Egypt and Thomas Cook Lebanon 383 2008
Allcargo Logistics Preferential allotment of up to 10.30% stake to Blackstone 80 2008
Goldman Sachs    Majority Buyout of Sigma Electric Manufacturing Corp 170 2007
CAMS Sale of part equity stake in CAMS by HDFC Group and other shareholder to Advent International Confidential 2007
Wal-Mart Advised Wal-Mart for its India Entry Strategy and JV with Bharti Enterprises for Cash-n-Carry operations in India Confidential 2007
NCC Private Placement of 12% stake by Nagarjuna Constructions Company to Blackstone 154 2007
Apollo Hospitals    Apax Partners picked up a stake in Apollo Hospitals through a private placement 108 2007
Gokaldas Exports    Sale of controlling stake by Gokaldas Exports to Blackstone and Manager to the related Open Offer 165 2007
SREI Infrastructure    Joint Venture between SREI and BNP Paribas Leasing Group for a strategic partnership in equipment finance in India 195 2007
Anchor Electricals Private Limited Divestment of 80% stake in Anchor Electricals Private Limited to Matsushita Electrical Works Ltd. 500 2007
Bombay Stock Exchange Investment by Singapore Stock Exchange in BSE by way of preferential issue of shares 50 2007
Hutchison Essar Sale of controlling interest in Hutchison Essar to Vodafone 12183 2007
Bombay Stock Exchange Investment by Deutsche Bourse in BSE by way of preferential issue of shares 50 2007
Bank of Baroda Joint venture in Asset Management in India between Pioneer Investments and Bank of Baroda Confidential 2007
Mahindra Acquisition of 90.47% stake in Schoneweiss & Co. GmbH Confidential 2006
Mahindra Acquisition of 67.9% stake in JECO Holding AG - largest outbound auto component acquisition 205 2006
Bain Capital Bain Capital made an open offer to the shareholders of FCI (India), consequent to its global acquisition of the FCI Group 13 2006
Thomas Cook Divestment of 60% stake in Thomas Cook India Limited to Dubai International Group 101 2005
Huber Group Huber Group acquired 50.5% stake in Micro Inks from the Promoters and another 20% through the tender offer Confidential 2005
Standard & Poor's Standard & Poor's acquired a controlling stake in CRISIL through a voluntary conditional open offer made to shareholders of CRISIL Limited with a conditionality threshold to ensure a minimum of 51% stake, to get a larger footprint in the Indian ratings space 81 2005
Hindustan Motors Actis Capital LLP acquired a financial stake in the components business of Hindustan Motors through a structure involving spin-off of the division into its subsidiary AVTEC Limited 108 2005
Krone ADC Telecommunications made an offer to the shareholders of Krone (India), consequent to its global acquisition of Krone 2 2004
Warburg Pincus Warburg Pincus, currently the largest international private equity investor in India, picked up a stake in Kotak Mahindra Bank Limited through a private placement Confidential 2004
HCL HCL Technologies Limited bought out its joint venture partner Deutsche Bank, AG in DSI Confidential 2004
Patni Patni acquired the privately held U.S. telecom services provider, Cymbal, which gave Patni an entry into the telecom vertical and an access to a foray of telecom clients to offer its outsourcing and consulting services 78 2004
Citigroup Citigroup consolidated and delisted it's BPO subsidiary, e-Serve to acquire better control over sensitive data and processes 135 2004
eBay eBay acquired Baazee.com Inc. and its subsidiary, Baazee.com India Private Limited, the largest online marketplace in India 56 2004

Team Leader

Joined Kotak Mahindra Group in 1999

Specialist in M&A Advisory, Deal Structuring, Restructuring, Valuations, JVs and India Entry services. Intimately familiar with the regulatory framework for M&A (including cross-border M&A), open offers, buybacks and delisting offers.

Outbound M&A expertise has been built by liaising with international investment banks across Japan, Europe, the UK and the US, and is currently working on many initiatives covering these geographies.

Member of SEBI's Takeover Regulations Advisory Committee, which recommended a new set of Takeover Regulations for Indian listed companies in 2010.

An Engineer from the Indian Institute of Technology, Delhi and MBA from the Indian Institute of Management, Ahmedabad.

Leadership Team