Tata Motors fancying Jaguar, Land Rover?

speedy · 8th August 2007, 03:49

all funds are raised through selling of shares, foriegn investors and banks. tata's have goodwill in the market for people to put in money for them. dont think after two major aquisitions they would have problems raiseing money for the jaguar deal. i'm sure they would be able to turn the company around

khanak · 13th August 2007, 00:39

Quote:

Former Ford exec Nick Scheele is joining former Ford CEO Jacques Nasser as potential buyers of the Blue Oval's remaining British marques. Scheele has joined Ripplewood Holdings as an advisor, as Sir Nick has intimate knowledge of Jaguar from his time as leader of the brand in the 90's, and he was in charge of Ford of Europe when Ford purchased Land Rover. Ripplewood partner and former Chrysler President Tom Stallkamp recruited his old pal Scheele to help analyze the potential purchase. By some accounts Jaguar has lost over $10 billion for Ford since since the automaker was purchased in 1989, and a great deal of the financial and product disasters occured when Scheele was steering the ship in Europe. Hey, former Ford Exec Jim Padilla also ran Jaguar once, maybe he's next to get in on the bidding.

Source - But wait, there's one more: Former Ford exec wants Jag/Land Rover - Autoblog

deepakhon · 4th September 2007, 06:39

Sunday's edition of Deccan Herald, Bangalore edition had a news item that Tata and Fiat are planning to jointly bid for Jag and LR, with Tata being the majority partner.

-GS- · 13th September 2007, 12:04

Italian car maker Fiat is ready to lend technical support to Indian partner TATA in an eventual bid for Land Rover and Jaguar, the premium brands which Ford Motor is putting up for sale. “If Tata is interested in Jaguar and Land Rover, we are ready to provide technical support,” a Fiat spokesman told reporters attending the Frankfurt International Motor Show.
The spokesman clarified a comment made to reporters earlier in the day by Fiat chief executive Sergio Marchionne during a tour of the exhibits set up by the automaker’s various brands. In response to a question about Fiat’s interest in Land Rover and Jaguar through a Tata bid, Marchionne had joked: “For completely different reasons, we are interested in both.”
Last weekend, Fiat chairman Luca Cordero di Montezemolo had told reporters that the Italian automaker was not interested in the two British-based brands.

Link

deepaktpatil · 13th September 2007, 17:55

This should be good for we mere mortals in India, at least in distant future we may see some Jaguars and Land Rovers getting sold here directly.

speedy · 13th September 2007, 20:15

GS you could possibly have a fiat tata joint ventured jaguar and the land rover soon. hope all goes well on that front and the cars get indian owners soon.

-GS- · 14th September 2007, 10:54

It's lap two of the Jaguar-Landrover deal with Indian rivals Tatas and Mahindras on the verge of concluding their due diligence, the deal still looks to be anyone's game.
The Tatas are speeding ahead with their bid to acquire the iconic Jaguar and Landrover brands from US auto major Ford. Sources say Tata Motors has completed its due diligence of the two Ford brands and Tatas are said to be going it all alone for the brand acquisitions - atleast for now.
The Tata group is learnt to have appointed Citibank and JP Morgan Chase as its advisors and financiers for the deal.
Mahindra and Mahindra are not far behind and are expected to complete its due diligence in the next few days. But unlike the Tatas, M&M is likely to tie up with us private equity major Apollo for the Jaguar and Landrover bid. Sources tracking the deal say large private equity players are emerging as strong contenders as the deal is progressing.
Some of the front runners among them could be former Ford president, Nick Scheele, who has joined hands with New York-based private equity player Ripplewood holdings.
Scheele is pitted against Jacques Nasser, ford's former chief executive. Nasser is partnering one equity partners an affiliate of JP Morgan chase to bid for the two brands.
Ford management has hinted that the deal might get over by year-end or spill over to the next year. And while speculation is rife over the deal size, many say it could stretch over USD two billion and so there is still some distance to be covered before this exciting race draws to an end.

Source

rkg · 14th September 2007, 12:05

As per news report in today Economic times M&M withdrew from the race leaving TATA alone from India

-GS- · 27th September 2007, 13:23

BaCkSeAtDrIVeR · 20th October 2007, 15:50

So, what is the update on this?

safari_lover · 30th October 2007, 10:50

Tatas are beleived to have submitted the bids in the 2nd round.

source: Jaguar race: Tatas in 2nd lap- Automobiles-Auto-News By Industry-News-The Economic Times

Steeroid · 30th October 2007, 10:58

Tata Motors and One Equity Partners (a group of Private Equity players led by JP Morgan and headed by Jac Nasser, the Ex Chief Executive of Ford) are the two bidders left in the fray.

BaCkSeAtDrIVeR · 30th October 2007, 11:11

Ok. Let me venture a prediction.

One Equity Partners is going to win. Why??

Reason 1. With handing over part of the shares to OEP, Ford can continue to be "owners" of the respective companies, but the two will also cease to be subsidiaries. This will take away a big black hole in Ford's books.

Reason 2. Because the unions at the factories do not want a management change. A management change is likely to result in retrenchment.

Reason 3. Remember opposition No. 1 to Mittal's takeover of Arcelor?

scooby05 · 30th October 2007, 12:24

refer to my post 11 on this thread! Due diligence over long long back.
I Back Tata's all out. and why not, they know the way to go about with the Corus buy. OEP will get a slice[premium] thru the back door to back out or vice a versa. and thats how and for what these venture capitalist and investors work in any case. The Unions will be handled very well by Tata's assuring continuity and also jobs for the children of employees in other Tata enterprises!! IMO
So we see Jags and Range rovers in India by 2009/10

thefreak · 30th October 2007, 12:29

I feel that unless Tata's significantly outbid OEP it is going to go OEP's way. Reason is the Ex Chief Executive of Ford. He can tilt the deal in OEP's favor and Ford is known to have shown an inclination towards OEP (please dont ask me for sources read it in one of the hazar articles doing the round on the net)..

That said wouldn't it be wonderful if Tata actually outbid OEP and win the deal!

8th August 2007, 03:49	#61
speedy Senior - BHPian Join Date: Jan 2006 Location: Mumbai Meri Jaan Posts: 6,198 Thanked: 1,015 Times View My Garage	all funds are raised through selling of shares, foriegn investors and banks. tata's have goodwill in the market for people to put in money for them. dont think after two major aquisitions they would have problems raiseing money for the jaguar deal. i'm sure they would be able to turn the company around
	() Thanks

4th September 2007, 06:39	#63
deepakhon Senior - BHPian Join Date: Oct 2004 Location: Bangalore Posts: 1,440 Thanked: 56 Times	Sunday's edition of Deccan Herald, Bangalore edition had a news item that Tata and Fiat are planning to jointly bid for Jag and LR, with Tata being the majority partner.
	() Thanks

13th September 2007, 12:04	#64
-GS- BHPian Join Date: Feb 2007 Location: Delhi Posts: 390 Thanked: 17 Times	Italian car maker Fiat is ready to lend technical support to Indian partner TATA in an eventual bid for Land Rover and Jaguar, the premium brands which Ford Motor is putting up for sale. “If Tata is interested in Jaguar and Land Rover, we are ready to provide technical support,” a Fiat spokesman told reporters attending the Frankfurt International Motor Show. The spokesman clarified a comment made to reporters earlier in the day by Fiat chief executive Sergio Marchionne during a tour of the exhibits set up by the automaker’s various brands. In response to a question about Fiat’s interest in Land Rover and Jaguar through a Tata bid, Marchionne had joked: “For completely different reasons, we are interested in both.” Last weekend, Fiat chairman Luca Cordero di Montezemolo had told reporters that the Italian automaker was not interested in the two British-based brands. Link
	() Thanks

13th September 2007, 17:55	#65
deepaktpatil BHPian Join Date: Dec 2006 Location: KA 05, MH 10 Posts: 303 Thanked: 128 Times	This should be good for we mere mortals in India, at least in distant future we may see some Jaguars and Land Rovers getting sold here directly.
	() Thanks

13th September 2007, 20:15	#66
speedy Senior - BHPian Join Date: Jan 2006 Location: Mumbai Meri Jaan Posts: 6,198 Thanked: 1,015 Times View My Garage	GS you could possibly have a fiat tata joint ventured jaguar and the land rover soon. hope all goes well on that front and the cars get indian owners soon.
	() Thanks

14th September 2007, 10:54	#67
-GS- BHPian Join Date: Feb 2007 Location: Delhi Posts: 390 Thanked: 17 Times	It's lap two of the Jaguar-Landrover deal with Indian rivals Tatas and Mahindras on the verge of concluding their due diligence, the deal still looks to be anyone's game. The Tatas are speeding ahead with their bid to acquire the iconic Jaguar and Landrover brands from US auto major Ford. Sources say Tata Motors has completed its due diligence of the two Ford brands and Tatas are said to be going it all alone for the brand acquisitions - atleast for now. The Tata group is learnt to have appointed Citibank and JP Morgan Chase as its advisors and financiers for the deal. Mahindra and Mahindra are not far behind and are expected to complete its due diligence in the next few days. But unlike the Tatas, M&M is likely to tie up with us private equity major Apollo for the Jaguar and Landrover bid. Sources tracking the deal say large private equity players are emerging as strong contenders as the deal is progressing. Some of the front runners among them could be former Ford president, Nick Scheele, who has joined hands with New York-based private equity player Ripplewood holdings. Scheele is pitted against Jacques Nasser, ford's former chief executive. Nasser is partnering one equity partners an affiliate of JP Morgan chase to bid for the two brands. Ford management has hinted that the deal might get over by year-end or spill over to the next year. And while speculation is rife over the deal size, many say it could stretch over USD two billion and so there is still some distance to be covered before this exciting race draws to an end. Source
	() Thanks

14th September 2007, 12:05	#68
rkg Senior - BHPian Join Date: Apr 2005 Location: bangalore Posts: 1,044 Thanked: 574 Times	M&M withdrew from race As per news report in today Economic times M&M withdrew from the race leaving TATA alone from India
	() Thanks

27th September 2007, 13:23	#69
-GS- BHPian Join Date: Feb 2007 Location: Delhi Posts: 390 Thanked: 17 Times
	() Thanks

20th October 2007, 15:50	#70
BaCkSeAtDrIVeR Senior - BHPian Join Date: Jun 2007 Location: Kochi Posts: 2,461 Thanked: 542 Times	So, what is the update on this?
	() Thanks

30th October 2007, 10:50	#71
safari_lover Senior - BHPian Join Date: Feb 2007 Location: Bengaluru / Bagdal Posts: 1,104 Thanked: 565 Times	Tatas are beleived to have submitted the bids in the 2nd round. source: Jaguar race: Tatas in 2nd lap- Automobiles-Auto-News By Industry-News-The Economic Times
	() Thanks

30th October 2007, 10:58	#72
Steeroid Senior - BHPian Join Date: Mar 2005 Location: N.A Posts: 7,047 Thanked: 2,727 Times	Tata Motors and One Equity Partners (a group of Private Equity players led by JP Morgan and headed by Jac Nasser, the Ex Chief Executive of Ford) are the two bidders left in the fray.
	() Thanks

30th October 2007, 11:11	#73
BaCkSeAtDrIVeR Senior - BHPian Join Date: Jun 2007 Location: Kochi Posts: 2,461 Thanked: 542 Times	Ok. Let me venture a prediction. One Equity Partners is going to win. Why?? Reason 1. With handing over part of the shares to OEP, Ford can continue to be "owners" of the respective companies, but the two will also cease to be subsidiaries. This will take away a big black hole in Ford's books. Reason 2. Because the unions at the factories do not want a management change. A management change is likely to result in retrenchment. Reason 3. Remember opposition No. 1 to Mittal's takeover of Arcelor?
	() Thanks

30th October 2007, 12:24	#74
scooby05 Senior - BHPian Join Date: Jul 2005 Location: Mumbai Posts: 1,132 Thanked: 153 Times	refer to my post 11 on this thread! Due diligence over long long back. I Back Tata's all out. and why not, they know the way to go about with the Corus buy. OEP will get a slice[premium] thru the back door to back out or vice a versa. and thats how and for what these venture capitalist and investors work in any case. The Unions will be handled very well by Tata's assuring continuity and also jobs for the children of employees in other Tata enterprises!! IMO So we see Jags and Range rovers in India by 2009/10
	() Thanks

30th October 2007, 12:29	#75
thefreak BHPian Join Date: Aug 2007 Location: New Delhi Posts: 362 Thanked: 6 Times	I feel that unless Tata's significantly outbid OEP it is going to go OEP's way. Reason is the Ex Chief Executive of Ford. He can tilt the deal in OEP's favor and Ford is known to have shown an inclination towards OEP (please dont ask me for sources read it in one of the hazar articles doing the round on the net).. That said wouldn't it be wonderful if Tata actually outbid OEP and win the deal!
	() Thanks

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