REC Power Development and Consultancy Limited (RECPDCL), a subsidiary of state-owned REC Limited, has transferred the KPS1 Transmission Ltd project-specific Special Purpose Vehicle (SPV) to Megha Engineering &...
KSB acquires Bharat Pumps and Compressors
KSB Limited, one of the leading suppliers of pumps, valves, and systems, recently announced the acquisition of technology from Bharat Pumps and Compressors Ltd. Naini, Prayagraj, informed KSB in a media release. “With...
Apax Partners set to buy up to 40% stake in engineering firm Quest Global
PE Group Apax Partners is all set to acquire a significant minority stake in Quest Global Services, a leading engineering outsourcing firm, after outbidding the only other firm contender The Carlyle Group, said multiple...
With $1 billion, Apax leads in race for Quest Global stake
Private equity firm Apax Partners has emerged as the frontrunner to acquire a stake in engineering services provider Quest Global Services Pte Ltd, two people with knowledge of the development said. Apax Partners is...
Axiscades acquires Mistral Solutions for Rs 296 crore
Axiscades Technologies Ltd on Friday announced the completion of the acquisition of Mistral Solutions Private Ltd (MSPL) for Rs 296 crore. In a statement, Axiscades said it completed the acquisition of MSPL in a phased...
Triveni Engineering promoter to sell 7% stake
The promoter of Triveni Engineering Industries Ltd Dhruv Sawhney will pare his stake in the company through a secondary placement. This will comprise 17 million shares or a 7.03% stake in the company at ₹280-285 apiece...
Vienna-based RHI Magnesita to buy Dalmia Bharat Refractories’ refractory business for Rs 1,708 cr
RHI Magnesita is in process of acquiring the refractory business of Dalmia Bharat Refractories Limited (DBRL) in India for about Rs 1,708 crore, Stefan Borgas, CEO of the Vienna-based company, has said. The share swap...
France’s Atos in talks to sell Italian business to Italy’s Lutech
Atos, under investor pressure to boost profitability and its shares, said on Thursday it had entered into exclusive negotiations with Italian engineering firm Lutech to sell some of its assets in Italy for cash. The...
Apax, TA, Carlyle shortlisted for likely $1 billion Quest Global deal
Apax Partners, TA Associates and the Carlyle Group are the three private equity contenders shortlisted after an initial screening of non-binding bids to acquire a significant minority stake in Singapore-based...
NCLT disposes insolvency plea against Gannon Dunkerley citing settlement talk
The Mumbai bench of the National Company Law Tribunal (NCLT) has disposed of an insolvency petition filed by Canara Bank against Gannon Dunkerley & Co, as lenders are considering a settlement proposal from the...
NCLT admits insolvency plea against infrastructure firm Valecha Engineering
A bankruptcy court in Mumbai has admitted listed infrastructure firm Valecha Engineering under the Corporate Insolvency Resolution Process (CIRP) and has appointed Anurag Kumar Sinha as the interim resolution...
KKR acquires Ness Digital Engineering for over $500 million
U.S. private equity firm KKR & Co. said on Thursday it signed a definitive agreement to buy 100 percent stake in Ness Digital Engineering, a digital services transformation company, from The Rohatyn Group. Although...
