Ranked #3 with 18 mid-market & 15 small cap deals in 2010
Deloitte was ranked third by deal volumes in the Thomson Reuters 2010 M&A roundup. Deloitte got credit for 18 deals in the mid-market segment (deals upto USD 500 million) and 15 deals in the small cap segment (deals upto USD 50 million).
Some of the key deals advised by Deloitte include a minority stake picked up by CX partners in Thyrocare and Fidelity Growth Partner’s India investment in Shreem Electric Limited. Deloitte also assisted Harsha Engineers Ltd enter a joint venture with a German firm as the company was keen to diversify into the solar energy space, in order to tap the enormous potential in this sector in India.
Deloitte was an exclusive advisor to Elecon Engineering Company Limited in acquisition of Benzlers-Radicon Group.
Materials, Financial Services and Energy & Power were among the more active sectors in 2010.
“Infrastructure services, domestic demand led niche manufacturing are some of the attractive segments going forward along with FMCG, financial services, education healthcare and large infrastructure projects,” said Avinash Gupta, Leader - Financial Advisory, Deloitte Touche Tohmatsu India Private Limited. “Our aim at Deloitte is to focus on mid-market and small-cap deals and the year 2010 was a good start. Factors such as having access to better technologies, brand name and the opportunity to enter new markets would drive M&A in 2011 especially in the context of better economic prospects”
