According to data compiled by leading global financial information provider Dealogic, The Tata group of companies had paid a total of $133 million in advisory fees to banks advising on acquisitions since 2006.
The amount of $133 million assumes significance as the group had acquired as many as 56 businesses with a total volume of $20.6 billion in the last two years, accounting for 82% of their total merger and acquisition volume.
Since 2002, the Tata group has made as many as 106 acquisitions valued at $24.2 billion. Tatas M&A activities are mostly outbound as only 13% of Tata Group acquisitions have been domestic, that is targets based in India. The average acquisition size by the Tata Group is $284 million.
The recent acquisition of Jaguar Cars and Land Rover for $2.3 billion is the second largest acquisition by the group, following Tata Steels acquisition of Anglo-Dutch steel maker Corus for $12.1 billion, essaying the largest overseas takeover by an Indian company.
Dealogic further added that the UK is the most targeted nation with a M&A volume of $16 billion through seven deals, and this accounts for 82% of the total M&A acquisitions. Some of the significant acquisitions by the Tata group in the UK include the Corus Group, the Tetley group and the latest British marquees Jaguar and Land Rover.
While the acquisition of General Chemical Industrial Products by Tata Chemicals and the take over of Glaceau by Tata Tea are the two major deals announced in the US.