• search

KMB's private equity arm invests Rs 30 crore in a buy-out deal

Written by: Staff

Mumbai, May 9 (UNI) Kotak Mahindra Bank's private equity arm has invested Rs 30 crore in a buy-out deal in the power and control engineering products and solutions space, stated a release issued here today.

The deal entails the purchase and roll-up of two high-end power control equipment manufacturing companies, Dynaspede Integrated Systems Private Limited and Digitrac Power Controls Private Limited and a power management and audit company, Esco Electronics Private Limited.

It also includes two industrial automation software and robotics companies, Macrocomm Media and Content Management Pvt Ltd and Macrocomm Convergence India Pvt Ltd.

The consolidated entity, called Dynaspede Integrated, is a technology company offering high-end mechatronic solutions and is involved in the manufacture of drives, custom-built engineering products and process control machines, stated the release, adding that the entity will be ideally placed to provide end-to-end power management solutions to the mid-market segment.

Commenting on the Fund's buy-out deal, Kotak Mahindra Bank Private Equity Head Nitin Deshmukh said ''Dynaspede, with its wide product range and an experienced team combining technical, operations and marketing skills, is ideally positioned to leverage this opportunity.'' This is Kotak Mahindra Bank's private equity arm's sixth investment out of its USD 160 million ''India Growth Fund'', informed the release, adding that PricewaterhouseCoopers were the advisors for this transaction.


For Daily Alerts

For Breaking News from Oneindia
Get instant news updates throughout the day.

Notification Settings X
Time Settings
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Oneindia sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Oneindia website. However, you can change your cookie settings at any time. Learn more