Introduction

Discovering opportunity in a crisis: M&A

Dealmaking in India came down to a more natural course in 2019 after hitting a record high the previous year when it crossed the psychological milestone of $100 billion for the first time ever. While private equity and venture capital investment activity remained strong, lack of big ticket buys shrunk the value of mergers and acquisitions (M&As). Indeed for the first time ever, value of PE deals was neck to neck with M&As, reflecting the changing contours of dealmaking.

But with some top notch global firms such as Saudi Aramco and ArcelorMittal evincing interest in Indian assets and local behemoths like L&T, Adani and JSW adding to their inorganic growth plank the M&A ecosystem is far from quiet.

The global business lockdown has created a raft of opportunities for Indian firms waiting with cash eyeing quality international assets. At the same time the folly of putting most eggs in one basket (read-China) is now more than apparent to the global majors and this creates a picture where MNCs would look more seriously at putting up an India base to derisk their supply chains. Not to mention the more hectic domestic M&A scenario as firms look to scale up with mergers to create a stronger business and snap up troubled rivals.

All in all, the ecosystem for M&As is only expected to become more exciting.

But there are various shades that an acquirer needs to be careful about starting with better due diligence on the target. Post deal the job becomes even harder as its time to see through the more critical aspect of integration.

To discuss the emerging opportunities and challenges, learnings from past moves that worked as well as those that didn’t, Mosaic Digital, the corporate banner behind VCCircle.com, is organising its next edition of M&A Summit (virtual event) on 26th June.


Agenda

26 Jun, 2020
Friday
  • 9:00 AM – 9:30 AM

    Registration

  • 9:30 AM – 9:40 AM

    Opening Address

    By Jaideep Mehta, CEO, Mosaic Digital

  • 9:40 AM – 10:00 AM

    Opening Conversation

    Aman Malik, Senior Editor, VCCircle in conversation with Harsh Shah, CEO, IndiGrid

  • 10:00 AM – 10:30 AM

    Panel Discussion 1: Treasure hunt in a perfect storm

    The global business disruption due to the worldwide lockdown has not just put firms on a reset mode but also pushed thousands of companies on the road to bankruptcy. How do cash rich firms look at inorganic growth strategy to pick a good asset? Would cheap buy necessarily translate into a good fit? How do sellers play with their pawns at a time of depressed valuations?

    Speakers:
    Nitin D Parekh, Chief Financial Officer, Cadila Healthcare Limited
    Rakesh R Sony, Global Head - Strategy and M&A, Tata Consumer Products Limited
    Ashutosh Goel, VP- Group M&A, Mahindra

    Moderator: Bruhadeeswaran R, Assistant Editor, VCCircle

  • 10:30 AM – 10:40 AM

    QnA Session

  • 10:40 AM – 11:00 AM

    Fireside Chat

    Ankit Doshi, Special Correspondent, VCCircle in conversation with Rahul Kumar, Managing Director, Lactalis India

  • 11:00 AM – 11:30 AM

    Panel Discussion 2: Ticking the right due diligence boxes

    Many M&As end up being an albatross around the neck of the acquirer due to flaws in reading the business outlook and ignoring the red flags. How should acquirers strengthen the due diligence process to make the filters more effective? What lessons can one leverage from successful transactions and deals that came to bite later?

    Speakers:
    Vivek Karve, CFO, Marico Limited
    Debolina Partap, General Counsel, Wockhardt Limited
    Manoj Bhat, CFO, Tech Mahindra

    Moderator: Beena Parmar, Special Correspondent, VCCircle

  • 11:30 AM – 11:40 AM

    QnA Session

  • 11:40 AM – 12:10 PM

    Panel Discussion 3: Post deal blues

    Transactions also fail as the human and business synergies required between the two parties after inking a deal is not carefully thought through or implemented. How can acquirers ensure they can enhance the target’s USP to make a solid growth platform? What are the protocols to follow to energise the human resource of the target firm and integrate into a different culture? Are there learnings on productivity to be imbibed by the acquirers themselves?

    Speakers:
    Archana Bhaskar, CHRO, Dr. Reddy's Laboratories Ltd.
    S. Ramakrishnan (Ramki), Chief Financial Officer, Quess Corp Limited 
    Ramesh Swaminathan, Executive Director, Global CFO & Head Corporate Affairs, Lupin

    Moderator: Narinder Kapur, Correspondent, VCCircle

  • 12:10 PM – 12:20 PM

    QnA Session

  • 12:20 PM – Onwards

    End of the event


Speakers 2020

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Vivek Karve

Chief Financial Officer, Marico Limited
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S. Ramakrishnan

Chief Financial Officer, Quess Corp Limited
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Debolina Partap

General Counsel, Wockhardt Limited
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Nitin D Parekh

Chief Financial Officer, Cadila Healthcare Limited
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Rakesh R Sony

Global Head - Strategy and M&A, Tata Consumer Products Limited
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Rahul Kumar

Managing Director, Lactalis India
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Ashutosh Goel

VP- Group M&A, Mahindra
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Manoj Bhat

CFO, Tech Mahindra
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Ramesh Swaminathan

Executive Director, Global CFO & Head Corporate Affairs, Lupin Ltd.
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Archana Bhaskar

CHRO, Dr. Reddy's
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Harsh Shah

CEO, IndiGrid

Past Speakers

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Yogesh Mahansaria

Serial Entrepreneur (Co-founder Alliance Tire Group, Mahansaria Tyres; former co-promoter Balkrishna Inds),
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Vijay Paradkar

Vice President (M&A), Mahindra & Mahindra Ltd
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Anil Raibagi

Senior Vice President and Global Head- M & A, Wipro Ltd
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Gautam Gode

Co-Founder & Managing Director, Samara Capital
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Subrata Kumar Nag

Group CEO & Executive Director, Quess Corp
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Manas Datta

Group CFO, Wockhardt
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Vikas Wadhawan

CFO, PropTiger.com
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Devki Nandan

SVP & Head - M&A, JSW Infrastructure Ltd.
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Sumit Jalan

MD, Credit Suisse Asia Pacific
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Varsha Jhawar

Head - M&A and Investment Banking, Alantra India
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Vikram Narula

Co-MD, The Carlyle Group
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Sourav Das

Sr Finance Manager-Mergers & Acquisitions, Hindustan Unilever Limited
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Roopal Kulsrestha

Partner - M & A, Private Equity & General Corporate, Shardul Amarchand Mangaldas &Co
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Iqbal Khan

Senior Partner - Private Equity, M & A & General Corporate, Shardul Amarchand Mangaldas &Co
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Vijay Madhav Paradkar

Vice President & Head of Mergers and Acquisitions, Mahindra & Mahindra Limited

Want to be part of it?

VCC Events opens up the avenues for participation. Join hands to be a part of India’s largest gathering of alternative investments leaders, industry stakeholders and Asia’s influential limited partners, general partners and marquee advisors. Your chance to actively participate and augment yourself as thought leaders.


Do you have any queries?

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