Private Equity

Liquidity Events

Adani in talks to acquire stake in MRO Air Works

Indian Express  

The Adani Group, which manages seven airports in India, is looking to buy a stake in India's largest independent aircraft maintenance, repair and overhaul (MRO) company Air Works. The target company services IndiGo, Vistara, many foreign airlines and has a presence in 27 cities.

From the Venture Intelligence PE-VC Deal Database: Between Nov-2007 and May-2015, India Engineering had raised over USD 80 M from GTI Group, NEA, Elephant Capital, Others. (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)