Private Equity Liquidity Events
UK's Volex acquires majority stake in inYantra Tech for $13-M
UK-based integrated manufacturing-services and power products company Volex plc has acquired a majority stake in inYantra Technologies Pvt Ltd, an electronics design and manufacturing services firm, for USD 13 million (around INR 100 crore).
Volex's partnership with inYantra will strengthen focus on two high-growth Indian sectors of medical electronics and electric vehicles (EVs) for inYantra Technologies. The association with Volex will also provide access to a global customer base.
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From the Venture Intelligence PE-VC Deal Database: In Mar-2011, Sonoma Management Partners had acquired the entire shareholding in Pune-based Ensoft Informatics Pvt. Ltd and renamed it as InYantra. (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)