ArdorComm Media Group

Global Expansion

DH Advisory Joins Eight International to Strengthen M&A Advisory in the Middle East

UAE-based DH Advisory has joined Eight International, a global network of consultancy firms specializing in corporate advisory, financial services, and M&A. This partnership will enhance DH Advisory’s ability to support Middle Eastern clients while providing access to an international network of deal professionals. Operating from Dubai, DH Advisory focuses on buy-side and sell-side deal mandates for corporates, family businesses, and financial sponsors. Its team has a strong track record, having completed over 500 M&A transactions, with many professionals previously working at Big Four firms. Declan Hayes, Founder and Managing Partner at DH Advisory, expressed enthusiasm about the collaboration, stating, “Joining Eight International will allow us to better serve our Middle East clients by providing access to world-class deal professionals and a broader deal flow.” As part of the affiliation, Eight International clients seeking Middle Eastern opportunities will be connected with DH Advisory, while DH Advisory clients aiming for cross-border transactions will receive support from Eight International’s global members. Founded in 2016, Eight International now boasts 3,600 professionals across 15 countries, specializing in strategy, restructuring, forensic litigation, and M&A. Pascal Raidron, President of Eight International, welcomed DH Advisory, noting, “Their expertise strengthens our capabilities and allows us to strategically support businesses in the Middle East.” The announcement follows Eight International’s recent expansion into Oceania through the addition of McGrathNicol (350 staff) and comes a year after Eight Advisory’s acquisition in France. Source: consultancy.com

DH Advisory Joins Eight International to Strengthen M&A Advisory in the Middle East Read More »

Granules India Acquires Swiss CDMO Firm Senn Chemicals for ₹192 Crore

Hyderabad-based pharmaceutical company Granules India has acquired Switzerland-based CDMO firm Senn Chemicals AG for CHF 20 million (₹192 crore), marking its foray into the Contract Development and Manufacturing Organization (CDMO) space. Senn Chemicals specializes in peptide synthesis and peptide-based applications, catering to global clients with contract research, development, and manufacturing services. The acquisition is expected to be completed in the first half of 2025, Granules India stated. “By entering the rapidly growing peptide therapeutics segment and acquiring CDMO capabilities, we are expanding into next-generation therapeutics that align with our commitment to innovation and affordability,” said Krishna Prasad Chigurupati, Chairman & Managing Director of Granules India. With Senn’s expertise in peptide synthesis and Granules’ large-scale, cost-efficient manufacturing capabilities, the company aims to deliver high-quality peptide-based solutions globally. Rico Wiedenbruch, Chairman of Senn Chemicals AG, emphasized the strategic fit between the two companies: “With Granules’ scale, operational efficiency, and global reach in the pharmaceutical industry, we see tremendous potential to accelerate our growth and expand our capabilities in the rapidly growing peptide therapeutics segment.” This acquisition strengthens Granules India’s position in the global pharmaceutical landscape, expanding its footprint in next-generation therapeutics and peptide-based drug development. Source: Business Standard

Granules India Acquires Swiss CDMO Firm Senn Chemicals for ₹192 Crore Read More »

Sudarshan Chemical to Acquire Heubach Group’s Pigment Business for Rs 1,180 Crore

ArdorComm news

Pune-based Sudarshan Chemical Industries Ltd. (SCIL) has entered into a definitive agreement to acquire the global pigment business of Germany’s Heubach Group for Rs 1,180 crore (€127.5 million). This strategic acquisition is expected to significantly enhance SCIL’s product portfolio while expanding its global footprint, particularly in Europe and the Americas. The news of the acquisition boosted SCIL’s shares by 19.1%, pushing the stock price to Rs 1,208 and raising the company’s market valuation to Rs 8,359 crore. The deal, which involves both asset and share acquisition, will combine SCIL’s existing operations with Heubach’s strong technological expertise and established market presence, creating a powerhouse in the global pigment industry. Once the acquisition is completed, the merged entity will boast a broad pigment portfolio, 19 global sites, and a diversified asset footprint. In 2022, Heubach became the world’s second-largest pigment manufacturer following its integration with Clariant. However, the group has faced financial challenges over the past two years due to rising costs, inventory issues, and high interest rates. SCIL’s acquisition of Heubach comes with a clear turnaround plan to address these issues, according to an official statement from the company. Rajesh Rathi, Managing Director of SCIL, will lead the combined entity post-acquisition. The deal will require regulatory approvals from bodies such as the Competition Commission of India and other relevant authorities across different jurisdictions. The acquisition is expected to close within 3-4 months, pending these approvals and shareholder consent. SCIL has experienced a robust financial year, with its shares more than doubling in value. During FY24, the company reported a net profit of Rs 335 crore on revenues of Rs 2,141 crore. In the three months ending June 2024, SCIL recorded a net profit of Rs 41 crore on revenues of Rs 580 crore. Heubach Group’s consolidated turnover in 2023 was €879 million, down from €1,069 million in the previous year. With this acquisition, SCIL is poised to strengthen its global presence and leverage Heubach’s expertise to drive further growth and innovation in the pigment sector. Source: Business Standard

Sudarshan Chemical to Acquire Heubach Group’s Pigment Business for Rs 1,180 Crore Read More »

Tata Play Expands Globally with Innovative Solution for International OTT Providers

In a groundbreaking move, Tata Play has extended its presence beyond India by offering a white-label solution tailored for global OTT aggregators. This initiative commences with a collaborative project involving the leading Pay-TV provider in the Philippines, Cignal TV. Tata Play, a prominent content distribution platform in India, has introduced the Tata Play Binge PaaS (Platform as a Service) for OTT aggregators worldwide, providing comprehensive development and deployment opportunities. Harit Nagpal, Managing Director & CEO of Tata Play, highlighted the advantages for partner companies, including access to Tata Play’s extensive experience in areas such as commercial partnerships, recommendation engines, subscription management, analytics, and more. This enterprise solution marks the creation of a distinctive OTT content aggregation and distribution ecosystem. Tata Play Binge, a service under the Tata Group conglomerate, consolidates content from over 26 apps into a single platform. The company’s primary focus is to collaborate with various OTT partners and acquire subscribers in global markets. Tata Play will oversee the complete technology platform, which operates in the cloud. While the initial partnership began with Philippines’ Cignal TV, Nagpal confirmed ongoing discussions with numerous international players interested in utilizing Tata Play’s technology solution to evolve into OTT aggregators. Nagpal emphasized the global scalability of the cloud-based solution, making it applicable to regions worldwide, including Africa, South America, South Asia, and Europe. Tata Play Binge presently boasts nearly a million subscribers, resulting in significant insights into technology, user interfaces, and overall user experience. Many global players have been grappling with the challenge of finding such a solution, which Tata Play is now offering. Nagpal explained the rationale behind this initiative, stating that since Tata Play has already invested resources in developing the solution, they can become the backend support for entities looking to aggregate content worldwide. While it may take some time for this approach to gain widespread acceptance, it offers economies of scale to all participating OTT players and is mutually beneficial, with Tata Play charging a fee for its tech solution. This strategic move by Tata Play aligns with the evolving OTT market, which is experiencing substantial growth in user numbers. Entering the global market with a Platform as a Service (PaaS) solution is well-timed, potentially yielding incremental revenues and a first-mover advantage. Moreover, if content aggregation becomes a global trend, Tata Play stands to benefit by capturing a larger market share.

Tata Play Expands Globally with Innovative Solution for International OTT Providers Read More »