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New Deal


Announced

Sundaram Finance to acquire Principal AMC for $46m.

Financials

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Transaction Value£33m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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Acquisition

Friendly

Pending

Domestic

Asset Managers and Custodians

Private

India

fund asset management

Majority

Single Bidder

Synopsis

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Sundaram Finance, a financial and investment service provider in India, agreed to acquire Principal AMC, a mutual fund asset management company, for $46m. Sunil Subramaniam, Managing Director, Sundaram Asset Management Company, said the transaction will strengthen Sundaram MF presence in the market place with the addition of a range of schemes with a good long term performance track record across the large and mid-cap segments.

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