Soap and Detergent-maker Nirma Limited is acquiring the entire
cement operations (total capacity of 11 MTPA) of Lafarge India from
Switzerland-based global building materials major- LafargeHolcim, at an
enterprise value of USD 1.4 bn (~INR 9,400 crore) in India’s largest
leveraged buyout till date.
EV/ Tonne: USD 127/ tonne
About the Transaction
LafargeHolcim has entered into a definitive agreement with Nirma Limited
for selling its entire India business, subject to approval by
Competition Commission of India. The proceeds of the divestment will be
used by LafargeHolcim to reduce its debt. This transaction was essential
for completing the India leg of the global mega merger between Holcim
and Lafarge announced last year.
There have been 4,523 private equity
investments between 2007 and 2012 with a cumulative value of $80
billion. If we look at internet and technology, there were 1,038 venture
capital or private equity investments worth $7.5 billion within this
period.The average holding period for funds was four-five years and
hence a lot of exits should have happened in the period between 2012 and
Is India left far behind in the race for
securing Global Food Supplies?
By Nitin Jain Published: 4th August 2016
Food Security is a grave concern in
the world, and more so in a developing country like India. According to a
recent report by Food and Agriculture Organization of the United States
(FAO) by the year 2050 the world’s population will reach 9.1 billion,
which is 34 percent higher than today, and most of the increase will
come in developing countries. Urbanization will accelerate, with about
70 percent of the world’s population expected to be urban, compared with
49 percent today.
The story of immense prospects for
growth of SaaS model in India is now well established in the circles of
entrepreneurs and institutional investors. The market currently is
largely outward facing and the destiny for Indian companies is majorly
dependent on growth in the global markets. This however, is not bad
news. The global SaaS market for 2015 stood at USD 31 billion as per
NASSCOM and is expected to grow at a CAGR of 18% to reach a market size
of USD 72 billion by 2020.
The going is getting tough for the
online grocers in India. From 60+ startups in this space that started in
the last few years, we are now left with only a handful. Bigbasket,
Grofers, Zopnow, AaramShop are some of the leading ones and have
cumulatively raised upwards of $300 Mn. Most of the other e-grocers have
either shut shop or pivoted their business model. So, what are the
reasons grocery e-tailers have not been able to replace my call to the
local kirana? Will the online grocery startups get their unit economics
in place to build sustainable ventures?