• Target: Tricog Health Services India Limited
• Investor: Inventus Capital Partners, Blume Ventures, Angel Investors
• Year: 2016
• Type: Fund Raising

Deal Profile

Tricog Health Services Pvt. Ltd. (“Tricog” or the “Company”) is engaged in the business of providing predictive analytics for the healthcare industry. Tricog offers remote diagnostics for ECGs using machine learning and algorithms. Inventus Capital Partners and Blume Ventures have infused capital into the Company to enhance and quicken the algorithm development and roll out of the diagnostic services. Tricog is also the first Company to be included in GE Healthcare’s global accelerator program.

Aurum Partner’s Role:

• Creating all deal collateral and creation of the transaction structure
• Generating investor interest and representing the company in all initial dealing with investors
• Negotiating the term sheet, assistance in documentation and closing; coordinating between 3 investor sets, the company and the Promoters in ensuring a smooth closure

Aurum led the Series B Investment into the Company by a clutch of investors – institutional and angels.

Acquirer: JK Group

Deal Profile

Aurum Equity Partners advised JK Group for the acquisition of Kesoram Industries Limited’s tyre and tube manufacturing facility in Laksar, Uttarakhand for INR 2,195 crore. JK Tyres is India’s third-largest tyre manufacturer. The acquisition reinforces JK Group’s leadership position in the Truck and Bus Radials Segment and also provides them entry into the highly lucrative two and three wheeler tyres segment. Transaction announced in September 2015 and closed in April 2016.

Aurum Partner’s Role:

• Deal sourcing and primary contact with the target
• Coordination of due diligence activities
• Business Plan preparation and valuation
• Negotiations on valuation and other transaction terms with the target
• Transaction structuring
• Assistance with legal documentation

Aurum played a comprehensive role as deal advisor and led all the activities throughout the life cycle of the transaction.

• Target: Vikas Publishing
• Acquirer: S. Chand Group
• Year: 2012
• Deal Value: Undisclosed
• Type: Acquisition

Deal Profile

Vikas Publishing House Pvt. Ltd. (“VPH” or the “Company”) engaged in publishing of school, college and general interest books, is amongst India’s top 5 publishing houses. Vikas and Madhuban brands are particularly strong in the K12, higher education and custom publishing business. The promoters of Vikas were seeking full exit in Vikas to a strategic party. S Chand was keen to grow through acquisitions.

Aurum Partner’s Role:

• Effective, intense and complex commercial negotiations (including deal structuring) with the S. Chand Group
• Finalization and legal closure of definitive documentation inter-se parties

Aurum lead the successful closure of the largest deal in Indian publishing industry so far

• Target: Everstone Capital
• Acquirer: S. Chand
• Year: 2012
• Deal Value: Undisclosed
• Type: Fund Raising

Deal Profile

S. Chand was set up over five decades ago as a household name in the education segment in India. It was amongst the top three publishing houses in India. The promoters of S. Chand were keen to restructure operations to create a single legal entity and then raise private equity for both organic and inorganic expansion. Inorganic route was a key driver of the new growth strategy at S. Chand.

Aurum Partner’s Role:

• Identification of relevant and interested private equity funds
• Valuation and business plan assessment
• Negotiations on commercials / valuation and other terms with the private equity investor(s)
• Assistance and coordinating financial and legal due diligence
• Negotiations and closure of legal documentation

Aurum Partner negotiated a back to back deal involving fund raising and acquisition to create India’s largest publishing house – S. Chand

• Target: M-Power Energy
• Acquirer: Laureate
• Year: 2013
• Deal Value: Undisclosed
• Type: Acquisition

Deal Profile

M-Power Energy India Pvt. Ltd. (“M-Power” or the “Company”) is engaged in the business of providing Education, Training, Consultancy and Research services to the Oil & Gas Industry. Education services include distance learning programs, placement services and development of hostel infrastructure for client institutes. The promoters of M-Power were seeking a structured exit in M-Power to a strategic party. Laureate was keen on establishing a foothold in the education services sector in India.

Aurum Partner’s Role:

• Complicated structuring of the transaction to ensure regulatory compliance
• Multi level price negotiation and conceptualization of transaction instruments to facilitate a time and performance linked exit for promoters
• Co-ordination of 2 diligence exercises spread 6 months apart and finalization and legal closure of definitive documentation inter-se parties

Aurum lead the successful structuring and closure of the complex sell side mandate in the education services sector

• Target: Deccan Chronicle
• Acquirer: Land Interactive Media Pvt. Ltd (A SPV floated by a group of investors)
• Year: 2013
• Type: Restructuring (Distress)

Deal Profile

Deccan Chronicle, a publicly listed entity involved in print media and retail businesses. It publishes Deccan Chronicle, the most widely circulated English daily in South India. The company in distress with a debt of over $800 Million and had defaulted on almost all loans. Aurum advised a group of investors who were keen to provide the much needed “distress capital” to resurrect Deccan Chronicle.

Aurum Partner’s Role:

• Preparing contours of the restructuring plan
• Coordinating a through legal due diligence particularly pertaining to lenders – charges, security, quantum etc.
• Business Plan Formulation for Investors
• Preparing scheme u/s 391-394 of the Indian Companies Act, 1956 for the proposed restructuring

Aurum advised on the preparation of the extremely complex restructuring of Deccan Chronicle. Scheme pending with Indian Courts.