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Dear Reader,

Welcome to the Aurum Deal Compass, the monthly newsletter provided to you connected with our news and updates. 

We hope you enjoy this newsletter. Contact us for any questions, or feedback.

Thanks for your time,
The Aurum Team
Deal of the Month 

JSW Energy Limited (JEL) is acquiring the 1,000 MW (4X250 MW) power plant in Chhattisgarh’s Tamnar village in Raigarh district for an Enterprise Value of INR 65 billion from Jindal Steel and Power Limited (JSPL).

Enterprise Value per MW:  INR 65 million per MW

The Transaction
The deal will be completed in two stages, an initial consideration of INR 40 billion and an additional INR 25 billion, if the plant secures a long-term power purchase agreement and fuel security before 2018. The plant also serves nearby JSPL facilities, and will be fully decoupled as part of the transaction.

The plant will be transferred to a special purpose vehicle - Everbest Steel & Mining Holding before the transaction closure. The deal also involves payment of an interest-bearing advance of INR 5 billion, after approval from the shareholders of JSW Energy and Jindal Steel, and the Competition Commission of India.

Click here to learn more about this deal.. 

Disclaimer: Aurum Equity Partners LLP was not a part of this deal in any way. 

WEBINAR

Indian Medical Devices Industry
29th June 2016
 
With healthcare delivery expanding fast, the medical device industry needs to make rapid strides in manufacturing and local innovation. With growing interest of the strategic players and private equity, coupled with rising Government initiatives, the industry is poised for exponential growth.

Join the Aurum CXO Dialogues webinar to discuss the key trends and opportunities in the Indian Medical Devices Industry.

Patanjali: A Disruptive Force of Indian FMCG?

 
By Shweta Jain

Published: 3rd June 2016

Patanjali Ayurved Limited (PAL), based out of New Delhi, is one of the fastest growing FMCG companies in India. From a modest start, this newest entrant has been registering phenomenal growth and its success has been nothing less than staggering.
 
No longer perceived to be an innocuous venture, PAL is taking on the established brands head on and coming out triumphant. But, does it have what it takes sustain its hyper growth and be the disruptive force of Indian FMCG?
 

Indian Automotive Industry in the e-Commerce Era

 
By Ketan Salhotra

Published: 26th May 2016
 
The “Great Indian e-Commerce story” is unravelling at a breath-taking pace. The e-Commerce industry in India is expected to reach USD 38 billion by 2016, a jump of 67% from 2015 revenues of USD 23 billion, as per the industry lobby ASSOCHAM .

Gross merchandize value of the top three e-commerce companies (Flipkart, Snapdeal and Amazon) has already exceeded that of the top 10 offline retailers in the country.

Besides consumer retail, online business models have also touched and penetrated into other sectors like financial services, healthcare, real estate, automotives etc.

Continue Reading..
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