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...
NCLT allows Lotus Auto liquidator’s petition to sell company as a going concern
The National Company Law Tribunal’s (NCLT) New Delhi bench has allowed a petition filed by the liquidator of Lotus Auto Engineering to sell the company as a going concern without its dissolution. A similar plea was also...
NCLT sets aside fresh demand raised against KSS Petron over dues
Once a moratorium begins under the Insolvency & Bankruptcy Code (IBC), no fresh demand or inquiry can be commenced with regard to past dues against the company, the bankruptcy court clarified on a recent application...
Trelleborg to buy KKR’s Minnesota Rubber and Plastics in $1 bln deal
Swedish engineering firm Trelleborg AB has agreed to acquire Minnesota Rubber and Plastics from private equity firm KKR & Co Inc for about $1 billion in cash, the companies said in a statement on Tuesday. The deal...
UK’s valve maker Spirax-Sarco in talks to acquire Vulcanic Group
Valve maker Spirax-Sarco Engineering said it had entered exclusive negotiations with French private-equity firm Qualium to acquire Vulcanic Group of Companies for 261.7 million euros ($272.87 million) on a cash-and-debt...
Jain Irrigation to merge Rs 4,200-cr worth global irrigation biz with Temasek-owned Rivulis
Jain Irrigation Systems Ltd on Tuesday said its global irrigation business will be merged with Temasek-owned Rivulis in a cash-and-stock deal, a move that will help the company reduce its consolidated debt by Rs 2,700...
Punj Lloyd goes into liquidation as lenders reject bid
The dedicated bankruptcy court admitted Atul Punj-promoted Punj Lloyd for liquidation after its lenders rejected the revival plan submitted by a consortium of Prudent ARC and Payard Investments. The company has admitted...
DSM announces 3.85 bln euro sale of engineering materials business
Dutch bioscience and foods company DSM announced the sale of its engineering materials subsidiary for 3.85 billion euros ($4.13 billion) to private equity firm Advent International and German chemicals company Lanxess...
