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Abhishek Dadoo

Partner at Khaitan & Co

Lawyer

Mumbai

Deal Bio

Total Deals40

Valued Deals31

Total Value£ 9.68 B

Avg. Deal Size£ 312 M

Market Context

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17 Apr 2020|United States|Entertainment

Target: STX FILMWORKS INC

Bidder: EROS INTERNATIONAL PLC

16 Service Providers

7 Target | 5 Bidder | 4 Vendor

52 Dealmakers

29 Target | 12 Bidder | 11 Vendor

£ 764 M

Value

20 Jul 2020|United States|Software

Target: MAJESCO

Bidder: THOMA BRAVO LLC

12 Service Providers

5 Target | 7 Bidder

52 Dealmakers

38 Target | 14 Bidder

£ 579 M

Value

11 Feb 2021|India|Diversified Financials

Target: MAGMA FINCORP

Bidder: RISING SUN HOLDINGS

9 Service Providers

5 Target | 4 Bidder

14 Dealmakers

3 Target | 11 Bidder

£ 342 M

Value

31 May 2021|India|Mortgage Finance

Target: PNB HOUSING FINANCE

Bidder: THE CARLYLE GROUP

8 Service Providers

2 Target | 5 Bidder | 1 Vendor

31 Dealmakers

5 Target | 23 Bidder | 3 Vendor

£ 388 M

Value

16 Jul 2021|India|Digital Services

Target: JUST DIAL LIMITED

Bidder: RELIANCE RETAIL VENTURES LIMITED

11 Service Providers

4 Target | 7 Bidder

23 Dealmakers

1 Target | 22 Bidder

£ 552 M

Value

24 Jan 2022|India|Consumer Services: Other

Target: SWIGGY

Bidder: SEGANTII CAPITAL

11 Service Providers

3 Target | 8 Bidder

26 Dealmakers

5 Target | 29 Bidder

£ 515 M

Value

21 Feb 2022|India|Pharmaceuticals

Target: JAGSONPAL PHARMACEUTICALS

Bidder: CONVERGENT FINANCE LLP

4 Service Providers

3 Target | 1 Bidder

21 Dealmakers

23 Target | 1 Bidder

£ 26 M

Value

08 Dec 2021|India|Biotechnology

Target: VEEDA CLINICAL RESEARCH

Bidder: WHITE OAK INVESTMENT MANAGEMENT PRIVATE LIMITED

2 Service Providers

1 Target | 1 Bidder

5 Dealmakers

2 Target | 3 Bidder

£ 6 M

Value

25 Nov 2021|India|Management Consulting

Target: APARAJITHA CORPORATE SERVICES PVT LTD

Bidder: XCELERATE PTE LTD

5 Service Providers

2 Target | 3 Bidder

13 Dealmakers

2 Target | 11 Bidder

n/a

Value

09 Jun 2022|India|Mortgage Finance

Target: IIFL HOME FINANCE

Bidder: ABU DHABI INVESTMENT AUTHORITY (ADIA)

7 Service Providers

4 Target | 2 Bidder | 1 Vendor

38 Dealmakers

33 Target | 5 Bidder

£ 236 M

Value

28 Feb 2022|India|Capital Goods

Target: EVEREADY INDUSTRIES INDIA

Bidder: BURMAN GROUP

3 Service Providers

2 Target | 1 Bidder

11 Dealmakers

4 Target | 7 Bidder

£ 143 M

Value

18 Dec 2021|India|Consumer Lending

Target: SK FINANCE

Bidder: MASSACHUSETTS INSTITUTE OF TECHNOLOGY

3 Service Providers

1 Target | 2 Bidder

8 Dealmakers

1 Target | 7 Bidder

n/a

Value

03 Dec 2021|India|Chemicals: Diversified

Target: AETHER INDUSTRIES

Bidder: WHITE OAK INVESTMENT MANAGEMENT PRIVATE LIMITED

3 Service Providers

1 Target | 2 Bidder

5 Dealmakers

1 Target | 4 Bidder

n/a

Value

01 Aug 2022|India|Specialty Chemicals

Target: INEOS STYROLUTION INDIA

Bidder: SHIVA GROUP

3 Service Providers

1 Bidder | 2 Vendor

18 Dealmakers

2 Bidder | 16 Vendor

£ 117 M

Value

14 Dec 2022|India|Consumer Lending

Target: POONAWALLA FINCORP (HOUSING FINANCE UNIT)

Bidder: TPG CAPITAL LP

5 Service Providers

1 Target | 2 Bidder | 2 Vendor

38 Dealmakers

1 Target | 17 Bidder | 20 Vendor

£ 383 M

Value

29 Nov 2022|India|Food Products

Target: BEL/ BRITANNIA JOINT VENTURE

Bidder: BRITANNIA INDUSTRIES LTD

3 Service Providers

3 Bidder

19 Dealmakers

19 Bidder

n/a

Value

26 Jun 2023|India|Specialty Contracting

Target: STRATA GEOSYSTEMS

Bidder: INFRA.MARKET

4 Service Providers

3 Target | 1 Bidder

14 Dealmakers

13 Target | 1 Bidder

£ 87 M

Value

02 Feb 2023|India|Financial Data and Systems

Target: NATIONAL STOCK EXCHANGE OF INDIA LTD

Bidder: INDIA ALTERNATIVES PRIVATE EQUITY FUND

3 Service Providers

1 Target | 2 Bidder

8 Dealmakers

1 Target | 7 Bidder

n/a

Value

03 Aug 2023|India|Cement

Target: SANGHI INDUSTRIES

Bidder: AMBUJA CEMENTS LIMITED

6 Service Providers

2 Target | 4 Bidder

32 Dealmakers

20 Target | 12 Bidder

£ 269 M

Value

01 Apr 2023|India|Semiconductors

Target: AVALON TECHNOLOGIES

Bidder: NOMURA HOLDINGS INC

2 Service Providers

1 Target | 1 Bidder

4 Dealmakers

1 Target | 3 Bidder

£ 36 M

Value

06 Jul 2023|India|Entertainment

Target: UFO MOVIEZ/ QUBE CINEMA JOINT VENTURE

Bidder: UFO MOVIEZ

3 Service Providers

3 Bidder

10 Dealmakers

10 Bidder

n/a

Value

06 Sep 2023|India|Pharmaceuticals

Target: IND-SWIFT (API AND CRAMS BUSINESSES)

Bidder: INDIA RESURGENCE FUND

5 Service Providers

2 Bidder | 3 Vendor

47 Dealmakers

31 Bidder | 16 Vendor

£ 159 M

Value

12 Aug 2023|India|Telecommunications Equipment

Target: RR KABEL

Bidder: WHITE OAK INVESTMENT MANAGEMENT PRIVATE LIMITED

4 Service Providers

2 Target | 2 Bidder

10 Dealmakers

4 Target | 6 Bidder

n/a

Value

27 Nov 2023|Qatar|Health Care Services

Target: ASTER DM HEALTHCARE (GULF BUSINESS)

Bidder: FAJR CAPITAL

15 Service Providers

1 Target | 5 Bidder | 9 Vendor

32 Dealmakers

1 Target | 15 Bidder | 16 Vendor

£ 876 M

Value

28 Jul 2024|India|Cement

Target: INDIA CEMENTS

Bidder: ULTRATECH CEMENT LIMITED

5 Service Providers

1 Target | 4 Bidder

26 Dealmakers

1 Target | 25 Bidder

£ 366 M

Value

20 Jun 2024|India|Capital Goods

Target: BRFL TEXTILES

Bidder: GOKALDAS EXPORTS LTD

4 Service Providers

2 Target | 2 Bidder

31 Dealmakers

5 Target | 26 Bidder

£ 28 M

Value

06 Apr 2024|India|Real Estate Holding and Development

Target: INDIABULLS REAL ESTATE

Bidder: EMBASSY GROUP

1 Service Providers

1 Bidder

5 Dealmakers

5 Bidder

£ 106 M

Value

26 Jul 2024|India|Building: Climate Control

Target: JOHNSON CONTROLS-HITACHI AIR CONDITIONING INDIA

Bidder: ROBERT BOSCH GMBH

4 Service Providers

4 Bidder

5 Dealmakers

5 Bidder

£ 107 M

Value

06 Aug 2024|India|Energy / Utility Services

Target: RENOM ENERGY SERVICES

Bidder: SUZLON GROUP

2 Service Providers

2 Bidder

20 Dealmakers

20 Bidder

£ 61 M

Value

22 Oct 2024|India|Cement

Target: ORIENT CEMENT

Bidder: AMBUJA CEMENTS LIMITED

5 Service Providers

2 Target | 3 Bidder

11 Dealmakers

9 Target | 2 Bidder

£ 346 M

Value

25 Oct 2024|India|Construction Services

Target: ITD CEMENTATION

Bidder: RENEW EXIM

3 Service Providers

1 Target | 1 Bidder | 1 Vendor

19 Dealmakers

2 Target | 1 Bidder | 16 Vendor

£ 528 M

Value

11 Oct 2024|India|Construction Services

Target: AFCONS INFRASTRUCTURE

Bidder: GOSWAMI INFRATECH

4 Service Providers

1 Target | 3 Bidder

9 Dealmakers

1 Target | 8 Bidder

n/a

Value

30 Dec 2024|India|Food Products

Target: AWL AGRI BUSINESS LIMITED (FORMER ADANI WILMAR)

Bidder: WILMAR INTERNATIONAL LIMITED

2 Service Providers

2 Bidder

13 Dealmakers

13 Bidder

£ 1.11 B

Value

27 Jan 2025|India|Investment Banking

Target: BATLIVALA & KARANI SECURITIES INDIA

Bidder: 360 ONE PORTFOLIOS

3 Service Providers

3 Bidder

20 Dealmakers

20 Bidder

£ 164 M

Value

25 Nov 2024|India|Pharmaceuticals

Target: ONESOURCE SPECIALTY PHARMA

Bidder: WHITE OAK INVESTMENT MANAGEMENT PRIVATE LIMITED

2 Service Providers

1 Target | 1 Bidder

4 Dealmakers

1 Target | 3 Bidder

£ 75 M

Value

24 Feb 2025|India|Containers and Packaging

Target: ESSEL PROPACK LIMITED (EPL)

Bidder: INDORAMA NETHERLANDS BV

9 Service Providers

1 Target | 4 Bidder | 4 Vendor

52 Dealmakers

1 Target | 33 Bidder | 20 Vendor

£ 174 M

Value

06 Dec 2024|India|Building Roofing/Wallboard and Plumbing

Target: SIMPOLO VITRIFIED PRIVATE LIMITED

Bidder: WHITE OAK INVESTMENT MANAGEMENT PRIVATE LIMITED

3 Service Providers

1 Target | 2 Bidder

7 Dealmakers

1 Target | 6 Bidder

n/a

Value

13 Mar 2025|India|Real Estate Holding and Development

Target: KOLTE-PATIL DEVELOPERS

Bidder: BLACKSTONE GROUP INC

4 Service Providers

1 Target | 3 Bidder

44 Dealmakers

2 Target | 43 Bidder

£ 103 M

Value

20 Mar 2025|India|Consumer Lending

Target: MANAPPURAM FINANCE

Bidder: BAIN CAPITAL LP

3 Service Providers

2 Target | 1 Bidder

20 Dealmakers

18 Target | 2 Bidder

£ 391 M

Value

17 Jul 2025|India|Food Products

Target: AWL AGRI BUSINESS LIMITED (FORMER ADANI WILMAR)

Bidder: WILMAR INTERNATIONAL LIMITED

4 Service Providers

1 Target | 2 Bidder | 1 Vendor

15 Dealmakers

1 Target | 13 Bidder | 1 Vendor

£ 624 M

Value