Now Available MERGERS AND ACQUISITIONS IN INFRASTRUCTURE AND REAL ESTATE 2017 Research Report Data-set (Excel) 52 Weekly Newsletters 2 Quarterly Updates India Infrastructure Research www.indiainfrastructure.com
Table of Contents SECTION I: MARKET ANALYSIS AND OUTLOOK 1. Overview Macroeconomic Trends Growth in M&A Activity Overall M&A Trends Big Ticket Deals Sector-wise Analysis Recent Policy and Regulatory Reforms Valuations and Returns Issues and Concerns Outlook 2. Deal Analysis and Trends Current Size Growth Trends Sectoral Analysis Top Deals since 2014 3. Stressed Assets Current Scenario Sector-wise Break-up of Stressed Assets SDR and S4A Schemes Recent Companies invoking SDR/S4A Key Buyers Groups Issues and Challenges Projects/Sectors at Risk of Slipping into Stressed Territory 4. Valuations Trends and Returns Current Valuation Scenario Key Valuation Trends Factors Impacting Valuations Issues and Challenges Historical Returns Expected Returns The Way Forward 5. Focus on Buyer/Investor Groups Deal Analysis by Buyer Groups Most Active Investors Investment Strategies Exit Strategies New Funds Launched since 2016 (Infrastructure and Real Estate Focused) 6. Impact of Key Policy and Regulatory Changes FDI Norms Insolvency and Bankruptcy Code, 2016 Issues with Debt Restructuring Schemes Impact of REITs/InvITs General Anti Avoidance Rules (GAAR) Sector-specific Policy Changes Other Recent Regulatory Changes 7. Future Outlook Growth Drivers Outlook for M&A Activity across Sectors Outlook on Valuations Expected Split of Buyer Groups Factors that could inhibit M&As SECTION II: DEAL TYPE ANALYSIS 8. Mergers and Acquisitions M&A Concept Investment Experience Sectoral Trends Focus on Joint Ventures Valuations Scenario Key Recent Deals 9. Acquisition by Financial Investors Investment Experience Sectoral Trends Valuations Scenario Historical Returns Key Recent Deals Key Deals by ARCs 10. Asset Sales Current Scenario Investment Experience Sectoral Trends Key Recent Deals Analysis by Buyers Valuation Scenario Past Returns SECTION III: SECTORAL ANALYSIS 11. Roads 12. Ports
13. Conventional Power 14. Renewables 15. Telecommunications 16. Oil and Gas New HELP Regime New Gas Pricing Policy for HPHT and Deepwater Fields Other Key Policy Changes 17. Urban Infrastructure 18. Logistics Game Changer - GST Key Growth Drivers 19. Cement and Steel Release Date: September 9, 2017 No. of slides: 281 20. Real Estate SECTION IV: LIST OF M&A DEALS 23. Data Set The data set includes a complete list of M&A deals in the infrastructure and real estate space for the Indian market for the period 2014 to 2017. The parameters covered include: - Deal value - Type of deal - Sector - Target company - Investor/buyer groups - Date of investment - Exit details (wherever applicable) - Etc. Two Quarterly Updates Each quarterly update (November 2017 and February 2018) will include updates on deal activity. It will cover the following areas: Deal size Date of deal finalisation Acquirer and target company Sector Sub-sector Deal type Buyer/Investor details Weekly Newsletters The weekly newsletter will comprise 4-6 pages. The focus areas of this newsletter are policy, equity moves, debt/bond issues, mergers and acquisitions, loans and credit, credit ratings, primary and public issues, joint ventures/agreements and financial results. The lending institutions covered include financial institutions, nationalised banks, private banks, foreign banks, multilateral institutions and bilateral funding agencies.
List of Tables and Figures LIST OF TABLES Weighted Average Lending Rates (%) Top 10 M&A Deals Since 2014 Sector-wise Deals (by Value Rs billion) Sector-wise Deals (by Volume) Top 15 Deals in Infrastructure Top 10 Deals in Real Estate Top Financial Investors in Infrastructure and Real Estate during 2014-2017 (till July) New Funds Launched since 2016 Key Concerns with Extant Debt Restructuring Schemes Pure Mergers Deals in Infrastructure and Real Estate Sector-wise M&A Deals (by Value Rs billion) Sector-wise M&A Deals (by Volume) Key Joint Ventures in Real Estate Recent M&A Deals in Infrastructure and Real Estate Sector-wise AF Deals (by Value Rs billion) Sector-wise AF Deals (by Volume) Recent AF Deals in Infrastructure and Real Estate Key Loan Takeovers by ARCs in Infrastructure and Real Estate Geographical Split of Asset Sales Key Distressed Asset Funds/ARCs with Interest from PE Players and Financial Institutions Sectoral Trends in Asset Sales - By Number of Deals Sectoral Trends in Asset Sales - By Value of Deals (Rs billion) Sectoral Trends in Asset Sales - Top Deals in Sectors with Significant Activity (by Value) Top 10 Key Recent Asset Sales (in 2017) Key Sales of Stressed Assets Key Buyers of Assets Key Exits from Project equity Investments in Infrastructure Sector Deal Analysis in Roads - By Type of Buyers ToT Projects Identified in Andhra Pradesh (for First Bundle) ToT Projects Identified in Gujarat (for First Bundle) Year-wise Capacity Addition at Indian Ports during First Four Years of Twelfth Plan (2012-17) (mt) Port-wise Efficiency Performance in 2015-16 and 2016-17 Annual Trend in Conventional Power - Generation, Capacity Addition, and Plant Load Factor Growth in Distribution Segment Analysis of Power Deals By Sub-sector Deal Analysis in Power - By Type of Buyers Top 10 Key M&A Deals in Conventional Power Sources of Investment for Stressed Assets in Power Sector Year-wise Growth in Wind Power Capacity Top M&A Deals in Renewables between 2014-17 (till July) Trend in Tenancy Ratio Key M&A Deals in Telecommunications during 2014-17 (till July) Key M&A Deals in the Oil and Gas Sector during 2014-17 (till July) Sector-wise Projected Demand for Natural Gas (mmscmd) Swachh Bharat Mission - Progress So Far (Status of Toilets and Municipal Solid Waste Management) M&A Deals in the Urban Infrastructure Sector during 2014-17 (till July) Cost of Logistics Activities in India Logistics Performance Index, 2016 Warehousing Capacity across Public Sector Corporations Sector-wise Savings in Logistics Costs post GST Implementation Average Deal Size in Logistics Key Deals in Logistics during 2014-17 (till July) Cold Chain Infrastructure Requirements Recent Initiatives in the Steel Industry Recent Initiatives in the Cement Industry Key M&A Deals in Cement and Steel during 2014-17 (till July) Projected Steel Demand by 2022-23 Projected Cement Production by 2022-23 Segment-wise Effects of Demoneitsaion on Real Estate Key M&A Deals in Real Estate During 2014-17 (till July) Key Asset Managers in Race for REIT/InvIT Listings LIST OF FIGURES Trend in Exchange Rate (INR-USD) Trend in FDI Equity Inflow in Infrastructure Annual Trend in M&A Deal Activity in Infrastructure and Real Estate Sectors Trend in Average Deal Size Sector-wise Deals (by Value Rs billion) Sector-wise Deals (by Volume) Type-wise Split of Deals (by Value) Type-wise Split of Deals (by Volume) Trend of M&A Deals (by Value) Trend of M&A Deals (by Volume) Trend of AF Deals (by Value) Trend of AF Deals (by Volume) Trend of Asset Sales (by Value) Trend of Asset Sales (by Volume) Geographical Split of Deals (by Value) Geographical Split of Deals (by Volume) Analysis of Deals by Buyer Split of Deals by Various Investor Classes (in Value Terms) Gross Non-performing Assets in the Banking Sector Sectoral Stressed Advances Ratio (proportion of stressed advances to total exposure) Stress in Road Projects (Rs billion)
Stress in Power Generation Projects (Rs billion) Sectors at Risk of Slipping into Stressed Territory Buyer Split in Deals during 2014-2017 (till July) (by Value) Buyer Split in Deals during 2014-2017 (till July) (by Volume) Sector-wise Deals by Corporates (by Value) Sector-wise Deals by Corporates (by Volume) Sector-wise Deals by Financial Investors (by Value) Sector-wise Deals by Financial Investors (by Volume) Geographical Split of M&A in Infrastructure and Real Estate (by value) Average Deal Size of M&A between 2014-17 (till July) Geographical Split of AF Deals (by value) Geographical Split of AF Deals (by volume) Investor-wise Analysis of AF Deals (by value) Investor-wise Analysis of AF Deals (by volume) Average Deal Size of AF between 2014-17 (till July) Asset Sales - By Buyers Trend in Average Deal Value of Asset Sales (Rs billion per deal) Size of Indian Road Network (km) Trend in M&A Activity in Roads Sector Trend in Average Deal Size in Roads Sector Deal Analysis - By Type of Transaction in Roads Deal Analysis - By Geography in Roads Cargo Traffic at Major Ports Cargo Traffic at Non-major Ports Capacity at Indian Ports during 2011-12 to 2015-16 Average Turnaround Time on Port Account (days) Average Output Per Ship Berth-day (tonnes) Trend in M&A Deals in Ports Growth in Transmission Line Length (circuit km) Growth in Transformer Capacity (MVA) Trend in Average Deal Size in Conventional Power Deal Analysis - M&A in Conventional Power Sector Deal Analysis - By Type of Transaction in Conventional Power Deal Analysis - By Geography Conventional Power Growth in Renewable Energy - Cumulative Installed Capacity Share of Different Technologies in Renewable Energy Installed Capacity Solar Power Capacity Growth Capacity Addition Trends in Wind Trend in M&A Deals in Renewables Average Deal Size in Renewables Analysis by Buyer Class in Renewables Analysis by Sub-sector in Renewables Growth in No. of Telecom Subscribers Trend in Wireless and Wireline Subscribers Wireless and Wireline Teledensity (as of June 2017) Urban-Rural Constitution of Teledensity (as of June 2017) Number of Towers and Tenancies Trend in M&A Deals in Telecom Sub-sector wise M&A Deals in Telecom Geography-wise M&A Deals in Telecom Fuel-wise Energy Consumption (2016) Trend in Production and Consumption of Natural Gas Trend in of Crude Oil Production Trend in Imports of Crude Oil and LNG Trend in M&A Deals in Oil and Gas Segment-wise M&A Deals in Oil and Gas M&A Deals According to Geographical Spread in Oil and Gas Growth in Operational Urban Rail Network in India Cumulative Average Passenger Ridership on Operational Rail-based Systems Operational BRT Systems in India Distribution of Main Drinking Water Sources Growth in Sewage Generation and Urban Population Top 10 States with Maximum Sewage Generation in Urban Areas (mld) Growth in Sewage Generation-Treatment Gap State-wise Sewage Treatment Capacity Growth in MSW Generation and Urban Population Top 10 States with Maximum MSW Generation in Urban Areas Trend in M&A Deals in Urban Infrastructure Segment-wise M&A Deals in Urban Infrastructure M&A Deals According to Geographical Spread in Urban Infrastructure Cost-wise Share of Different Logistics Segments Modal Mix for Cargo Transportation Growth in Freight Traffic Type-wise Share in the Indian Warehousing and Storage Industry Growth of ICDs and CFSs Trend in M&A Deals in Logistics Segment-wise M&A Deals in Logistics Geography-wise Deals in Logistics Container Traffic Growth Projections for IR Installed Capacity of Cement Industry Trend in Production and Dispatch/Consumption of Cement Installed Capacity of Steel Industry Trend in Production and Dispatch/Consumption of Steel Trend in M&A Deals in Cement and Steel Segment-wise M&A Deals in Cement and Steel M&A Deals According to Geographical Spread in Cement and Steel Trend in Supply of Real Estate Segment-wise Supply Trends in Real Estate Trend in M&A Deals in Real Estate Segment-wise M&A Deals in Real Estate M&A Deals According to Geographical Spread in Real Estate Potential Yields from REITs (2017)
I would like to purchase Mergers and Acquisitions In Infrastructure and Real Estate 2017 Annual Subscription Package: Report Price Format (PDF) Rs 1,00,000 GST (18%) Rs 18,000 Total Rs 118,000 I am enclosing a cheque/demand draft for Rs, vide cheque/demand draft no. drawn on dated in favour of India Infrastructure Publishing Pvt. Ltd. Signature NName (Block Letters) Designation Company Company GST No. Mailing Address Telephone Mobile E-mail Wire transfer details: Beneficiary : India Infrastructure Publishing Pvt. Ltd. Contact details: Bank Name : The Hongkong and Shanghai Banking Corporation Ltd Bank Address : R-47, Greater Kailash 1, New Delhi - 110048 Account No. : 094179587002 Swift Code : HSBCINBB IFSC Code : HSBC0110006 GSTIN : 07AAACI5880R1ZV Dhruba Jyoti Malkhandi Manager Sales and Marketing, Information Products India Infrastructure Publishing Pvt. Ltd. B-17, Qutab Institutional Area, New Delhi 110016, India Tel: +91-11-45793069, 41034600, 41034601; Fax: +91-11-26531196 Mobile: +91-82 855 80343 Email: dhruv.malkhandi@indiainfrastructure.com MERGERS AND ACQUISITIONS IN INFRASTRUCTURE AND REAL ESTATE 2017 India Infrastructure Research www.indiainfrastructure.com