India's third-largest software services exporter, Wipro Ltd, has acquired Singapore's Unza Holdings Ltd for about $246 million in cash, the company said on Friday.
New York-listed Wipro, which also has interests in consumer care and lightings, expects to complete the 100 per cent acquisition by end-July, it said in a statement. Unza is a maker of personal care products with operations in over 40 countries.
It has manufacturing plants in Malaysia, Vietnam, China and Indonesia. Wipro, which gets a bulk of its revenue by providing IT solutions and services such as systems integration, software application development and maintenance, has been buying up firms to accelerate growth.In October last year its Wipro Infotech unit said it was acquiring 3D Networks Pte and Planet PSG, part of Malaysia-based Planel One.
Wipro's engineering arm bought Swedish hydraulic components maker Hydrauto Group AB for $31 million in all cash deal in September. Wipro, which counts telecoms gear makers Cisco and Nortel, among key clients, is scheduled to announce its June quarter earnings on July 19.
Showing posts with label Unza. Show all posts
Showing posts with label Unza. Show all posts
Friday, July 6, 2007
Tuesday, May 15, 2007
Dabur's Unza buyout plan faces hurdles
Dabur India’s proposed buyout of Singapore consumer goods company Unza is delicately poised, with the management resisting the Indian company’s takeover bid. It’s learnt that the private equity (PE) investors who own Unza may begin independent negotiations with other interested parties.
However, talks between Dabur and the PE investors — Actis and Standard Chartered — haven’t fallen through and the Indian FMCG company is hopeful of a breakthrough this week.
At around Rs 650-675 crore, it would be Dabur’s most expensive buy so far and the largest overseas deal in the consumers goods space. Unza, a $150-million company, is majority-owned by Actis and Standard Chartered.
Unza is South-East Asia’s independent manufacturer of personal care products with 48 brands in its portfolio and presence in five markets like China, Singapore, Malaysia, Hong Kong and Indonesia.
Read more in The Economic Times article.
However, talks between Dabur and the PE investors — Actis and Standard Chartered — haven’t fallen through and the Indian FMCG company is hopeful of a breakthrough this week.
At around Rs 650-675 crore, it would be Dabur’s most expensive buy so far and the largest overseas deal in the consumers goods space. Unza, a $150-million company, is majority-owned by Actis and Standard Chartered.
Unza is South-East Asia’s independent manufacturer of personal care products with 48 brands in its portfolio and presence in five markets like China, Singapore, Malaysia, Hong Kong and Indonesia.
Read more in The Economic Times article.
Friday, March 23, 2007
Dabur to buy 60% stake in Singapore-based FMCG company Unza for Rs. 675 crores
Dabur is about to acquire over 60% stake in Singapore-based consumer goods company Unza Holdings for Rs. 600-675 crores. Dabur is expected to buy out the holdings of private equity funds Actis and Standard Chartered who hold 30% each in the $150 mn-Singapore company. The deal is touted to be one of the largest overseas acquisition deals in the FMCG space, and make it the third-largest FMCG company in India behind HLL and ITC with manufacturing facilities in China, Vietnam, Indonesia and Malaysia.
Unza is a leading personal care manufacturer and marketer in South-east Asia with 48 brands in its portfolio, and is equally owned by the company management and the two private equity funds.
Read more in The Economic Times article.
Unza is a leading personal care manufacturer and marketer in South-east Asia with 48 brands in its portfolio, and is equally owned by the company management and the two private equity funds.
Read more in The Economic Times article.
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