Tega Industries to Acquire Molycop for USD 1.48 Billion
The acquisition significantly expands Tega's product portfolio, global presence, and market share, with a substantial increase in revenue and EBITDA.
The acquisition of Molycop is expected to strengthen Tega's market position and create synergies, leading to potential growth and increased profitability.
* Tega Industries, along with Apollo Funds, will acquire 100% of AIP MC Holdings LLC (Molycop) through a special purpose vehicle (SPV). * Tega will hold approximately 77% equity stake in the SPV, while Apollo Funds will hold approximately 23%. * The upfront consideration is based on an estimated enterprise valuation of USD 1,480 million (₹ 13,002 crore), with a potential contingent payment of ~$120 million (₹ 1,054 crore) within 45 months. * Molycop is a leading global supplier of grinding media to the mining industry with 13 grinding ball manufacturing facilities and a presence in over 40 countries. * Molycop's turnover for FY25 (July-June) was USD 1,539 million (₹ 13,520 crore) with an EBITDA of USD 172 million (₹ 1,512 crore). * The acquisition is expected to close by 31 December 2025, subject to regulatory approvals and customary closing conditions. * The acquisition will be funded through a mix of equity (including QIP/preferential allotment) and debt. Tega's investment is approximately USD 248 million (₹ 2,179 crore). * Post-acquisition, the combined entity is expected to have a revenue of approximately $1.7 billion (₹ 15,207 crore) and an EBITDA of approximately $217 million (₹ 1,906 crore). * Tega expects synergies through complementary products, enhanced global presence and integrated product basket.
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Tega Industries Limited filed this with the NSE as a statutory disclosure, categorised under mergers & acquisitions. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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