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PRIMEPRIME
A Corporate Profile
M&AM&A // ADVISORYADVISORY CLIENTS CLIENTS ((SSample ample LList)ist)
Asian Paints : Market Leader in Paints
Business India Group : Leading Publishing House
Camlin : Leading Company in Stationery Products and Art Materials
Champagne Indage : An internationally acclaimed Winery
Clariant : Subsidiary of Clariant A.G. - spun off from Sandoz
El Forge : Auto ancilliary
Godrej-Sara Lee : Leader in Household Insecticides
Hoechst Schering Agrevo : Agrochemicals
M&AM&A // ADVISORYADVISORY CLIENTS CLIENTS ((SSample List)ample List)
International Bestfoods (formerly Corn Products) : Foods MNC
I.C.I. India : Subsidiary of I.C.I. Plc
Jindal Group : Leading player in the Steel Sector
Knoll Pharma : MNC Pharmaceutical Company
Lyka Labs : Domestic Pharmaceutical Formulations Company
S B &T International : Indian Jewellery Export House
S Kumars Nationwide : Textile Major
Shyam Telecom : Leading Telecom Player
INVESTOR RELATIONSHIPSINVESTOR RELATIONSHIPS – – FOREIGN INSTITUTIONS (Sample List)FOREIGN INSTITUTIONS (Sample List)
Grantham Mayo
Lloyd George
Oppenheimer
Karma Capital
Morgan Stanley
Alliance Capital
Citibank Private Equity
Schroders Venture Capital
Standard Chartered Private Equity
American International Group
INVESTOR RELATIONSHIPSINVESTOR RELATIONSHIPS – – FOREIGN INSTITUTIONS (Sample List)FOREIGN INSTITUTIONS (Sample List)
Jardine Fleming Chase
SAC Capital Advisors
Indea Capital
Indus Capital
Kuvera Capital
ChrysCapital
ICF Advisors
International Equity Partners
Kingdon Capital
Aeneas Capital
INVESTOR RELATIONSHIPSINVESTOR RELATIONSHIPS – – DOMESTIC INSTITUTIONS (Sample List)DOMESTIC INSTITUTIONS (Sample List)
Unit Trust of India
Canbank Mutual Fund
Prudential ICICI
HSBC
Tata Mutual Fund
Principal Mutual Fund
Sahara Mutual Fund
Benchmark Mutual Fund
HDFC Bank
SBI Mutual Fund
KEY DEALS KEY DEALS
BALRAMPUR CHINI MILLS BALRAMPUR CHINI MILLS LIMITEDLIMITED
Regarded as the Best Indian Sugar Company
Private Equity deal with Citicorp International Finance Corporation aggregating Rs 1 Bn
Wide range of services provided over the years– Path-breaking private placement aggregating Rs 265 MM
– Subsequent advisory services for restructuring of the group
– Contineous coverage of the company post-placement
– Arranged debt funds of US$ 15 MM from IFC Washington
HEXACOM INDIA LIMITEDHEXACOM INDIA LIMITED
Advisor to Shyam Telecom group for divestment of their stake in Hexacom (leading cellular player in Rajasthan) to Bharti Tele-Ventures Limited
Deal Size : Rs 4.3 Bn for 67.5% stake
Deal Structure– Rs 550 MM in cash
– Rs 3.75 Bn in Optionally Convertible Redeemable Debentures of Bharti Tele-Ventures Limited
JINDAL IRON & STEEL COMPANY JINDAL IRON & STEEL COMPANY LIMITEDLIMITED
Private Equity deal with Citicorp Banking Corp, Bahrain (Citibank Private Equity)
Deal Size : Upto US$ 10 MM
Deal structured to include– Direct investment in the company of Rs 148 MM
– Balance through secondary market
MONNET ISPAT LIMITEDMONNET ISPAT LIMITED
Private Equity deal with CVC International (Citibank Private Equity)
Deal Size - US$ 10 MM Deal structured to include
– Direct investment in the company of Rs 353 MM
– Balance Rs 98 MM in Monnet Power Limited, an associate company to be merged with Monnet Ispat Limited
– Post merger CVC to hold 13.8% of Monnet Ispat Limited on a fully diluted basis
JINDAL STAINLESS LIMITEDJINDAL STAINLESS LIMITED
Private Equity deal with Latin American Investment Bank Bahamas Ltd (Citibank Private Equity)
Deal Size - US$ 6 MM
Deal structured to include– Purchase of existing Foreign Currency Convertible Bonds (FCCBs)
by the investor
– Conversion of FCCBs into equity
INDRAPRASTHA APOLLO INDRAPRASTHA APOLLO HOSPITAL LIMITEDHOSPITAL LIMITED
Funding provided to a new corporate hospital Private Equity deal with Schroders (TWL Holdings)
aggregating Rs 370 MM Deal structured to include
– part investment in hospital company’s equity
– part investment in holding company (pharmacy services)
Lead Managed IPO aggregating Rs 230 MM An investment partnership converted to a strategic
partnership
SHYAM TELECOM LIMITEDSHYAM TELECOM LIMITED
A leading telecom equipment supplier
Private placement of listed equity aggregating Rs 800 MM
Funds for expansion of activities and retirement of high cost debt
Investment by a wide spectrum of investors
Currently providing advisory services
PANTALOON RETAIL (I) LIMITEDPANTALOON RETAIL (I) LIMITED
A leading retailing company
Private placement of listed equity aggregating Rs 140 MM
Funds for expansion of retailing activities
Investment by a wide spectrum of investors
AMEX INFORMATION AMEX INFORMATION TECHNOLOGIES LIMITEDTECHNOLOGIES LIMITED
Funding provided to a growing software company
Initial private placement deal
Subsequent IPO aggregating Rs 69 MM
CHAMPAGNE INDAGE LIMITEDCHAMPAGNE INDAGE LIMITED
A winery which has drawn rave reviews from international wine connoisseurs and have won a number of awards at the International Wine and Spirit competition held annually at London
Private placement of listed equity aggregating Rs 88 MM
Investment by Mutual Funds
Further syndication of debt funds for the Group
CAPTAIN COOKCAPTAIN COOK
A Brand Acquisition (Rs 750 MM)
One of the leading players in the domestic branded salt & atta (wheat) businesses
Acquisition by International Bestfoods Ltd (formerly Corn Products Company)
Acquisition of the salt business, manufacturing facilities & distribution network
TARLA DALAL FOODSTARLA DALAL FOODS
A Brand Acquisition
“Tarla Dalal” - A household name associated with vegetarian cooking, extremely well-known Indian author
Acquisition by International Bestfoods Ltd (formerly Corn Products Company)
Acquisition of the instant foods business
LEADING EDGE SYSTEMS LIMITEDLEADING EDGE SYSTEMS LIMITED
Lead Managed the IPO
Subsequent Private Placement of listed equity aggregating Rs 360 MM– Priced at premium to market
– Investment by The India Private Equity Fund (Mauritius) - a fund sponsored by CIBC Oppenheimer Corp. and Chase Manhattan Bank N.A
Corporate advisory services
UNITED TELE-SHOPPING & UNITED TELE-SHOPPING & MARKETING CO. LTD (TSN)MARKETING CO. LTD (TSN)
Tele-marketing company promoted by the Unilazer (UTV) group
Placement of unlisted equity aggregating Rs 72 MM to fund future growth opportunities
Investment by Draper International & Walden-Nikko
SECURE METERS LIMITEDSECURE METERS LIMITED
Private equity aggregating Rs 110 MM raised for buying out a U.K. based technology provider
Innovative convertible instrument
Initial placement to Morgan Stanley, HDFC Bank and Prime
Arranged new investors - International Equity Partners and Citibank to replace existing investors
Original investors made good returns
GODREJ SARA LEEGODREJ SARA LEE
“Jet” mosquito repellents - Brand Acquisition (Rs 300 MM)
Consolidation of brands by the largest player in the industry
Deal started as an IPO mandate, converted into an acquisition for the Godrej Group - now a Sara Lee company
OUR TRACK RECORD OUR TRACK RECORD AS LEAD MANAGERS TO ISSUESAS LEAD MANAGERS TO ISSUES
Have lead managed over 20 Rights / Public Issues / Open Offers / Delisting Offers
Raised over Rs 2.3 Bn
Not a single devolvement to date
SELECT DEALSSELECT DEALS
Rs MM
Amex Information Technologies Ltd 69
Dhampur Sugar Mills Ltd 416
Garware Wall Ropes Ltd 556
Indraprastha Medical Corporation Ltd 229
Leading Edge Systems Ltd 41
Ras KMK Lamipack Ltd 90
Veejay Lakshmi Engg Works Ltd 170
HUMAN RESOURCESHUMAN RESOURCES
Current Strength: 30 people
Key employees bring a variety of experience from sectors such as investment banking, brokerage houses, commercial banking, service industries and others
PRIME’S UNIQUE FACETS (I)PRIME’S UNIQUE FACETS (I)
Small, extremely focused team
Highly flexible business thrust; constantly reacting to market stimuli and needs– Private Equity
– Private Placements
– Changing/Emerging Investment Trends
– Evolving legal framework/Guidelines on Takeovers / Buy Backs / Delisting
PRIME’S UNIQUE FACETS (II)PRIME’S UNIQUE FACETS (II)
Key people always involved in every deal – Totally hands on
Baggage of large organization absent
Not figuring in league tables– Not perceived a weakness
Eyes and ears constantly trained to capture market moods and sentiments
THANK YOUTHANK YOU
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