Acquisition History / PI Opportunities Fund I - Scheme II / Sagar Cements Limited

PI Opportunities Fund I - Scheme II Acquires Sagar Cements Limited

Announced January 2022 — $39.5M

PI Opportunities Fund I - Scheme IICement2022

What happened

Cement manufacturer Acquired through PI Opportunities Fund I - Scheme II, a vehicle of Premji Invest; Premji Foundation. Source: https://www.cci.gov.in/images/summaryorders/en/summary1652851588.pdf

Acquirer
PI Opportunities Fund I - Scheme II
Target
Sagar Cements Limited
Announced
January 2022
Price
$39.5M
Industry
Cement
Buyer type
Private equity
Fund vehicle
PI Opportunities Fund I - Scheme II
Backing investors
Premji Invest, Premji Foundation
Status
Closed

By the numbers

PI Opportunities Fund I - Scheme II's acquisition history
1st of 3 tracked deals
Disclosed prices
2 of 3 PI Opportunities Fund I - Scheme II deals
PI Opportunities Fund I - Scheme II's average disclosed price
$82.3M
PI Opportunities Fund I - Scheme II's largest disclosed deal
SNV Aviation Private Limited (Akasa Air) ($125M)
Tracked acquisitions in 2022
78 across all acquirers
PI Opportunities Fund I - Scheme II in Cement
1 acquisition

Frequently Asked Questions About This Acquisition

When did PI Opportunities Fund I - Scheme II acquire Sagar Cements Limited?

PI Opportunities Fund I - Scheme II acquired Sagar Cements Limited on January 2022. This was PI Opportunities Fund I - Scheme II's 1st publicly tracked acquisition out of 3 we have on record.

How much did PI Opportunities Fund I - Scheme II pay for Sagar Cements Limited?

PI Opportunities Fund I - Scheme II paid $39.5M for Sagar Cements Limited.

What does Sagar Cements Limited do?

Cement manufacturer Acquired through PI Opportunities Fund I - Scheme II, a vehicle of Premji Invest; Premji Foundation. Source: https://www.cci.gov.in/images/summaryorders/en/summary1652851588.pdf

What other Cement companies has PI Opportunities Fund I - Scheme II acquired?

Sagar Cements Limited is PI Opportunities Fund I - Scheme II's only publicly tracked acquisition in Cement so far.

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