CFA India Advises Electronica Machine Tools, Ltd. in Capital Raise from IFCI Venture Capital

Corporate Finance Associates (CFA), an international middle-market investment banking firm providing merger and acquisition business valuation, capital resource and financial advisory services announced it advised Electronica Machine Tools, Ltd. of Pune, India in the capital raise of USD $5.5 Million from IFCI Venture Capital. Funds will be used to expand Electronica's international presence and introduce high technology automation solutions in the defense, nuclear, food & beverage and pharmaceutical verticals.

Founded in 1973, Electronica Machine Tools, Ltd was the first Indian manufacturer of electronic discharge machines (EDMs). Their in-house research and development center and specialized technology center is located in Switzerland and manufacturing plants are located in Pune, Maharashtra, India and China. Electronica Machine Tools designs, manufacturers, finances and maintains custom designed automation systems and machine tools for automotive, defense, nuclear, food & beverage and pharmaceutical clients.

Electronica Machine Tools currently manufactures EDMs and computer numeric controlled (CNC) wirecut EDMs with installations in approximately 60% of the major tool rooms in India. Their products are also exported to Latin America, Russia, the Middle East and Europe.

"We are pleased to have IFCI Venture Capital Funds as an investor in our company. The investment has come at the right time when we are prepared to strengthen our overseas presence and also provide high technology automation solutions to identified industry verticals in India," said Ravi Ratnaparkhi, managing director of Electronica Machine Tools.

Girish Narasimhan Managing Director of CFA India, worked closely with Electronica Machine Tools management during the transaction. "It has been a true pleasure working with the leadership at Electronic. It is always personally gratifying to see the needs and goals of my clients being met," said Narasimhan.

Transaction Information

On October 1, 2010 Electronica Machine, Tools Ltd. received funding of USD $5.5 Million from IFCI Venture Capital in a private transaction. The terms were not disclosed. Girish Narasimhan of CFA India advised Electronica Machine Tools, Ltd.

About Corporate Finance Associates

Corporate Finance Associates is a major investment banking services firm, providing middle-market companies with a range of financial advisory services including mergers, acquisitions, capital sourcing, and corporate restructuring. A senior principal guides clients through every challenge, advocates on their behalf, and leverages CFA's experience and extensive resources. CFA has over 20 offices in United States, three in Canada, three in India and 11 partner offices throughout Europe. More information about buying or selling a business is available at www.corporatefinanceassociates.com.