Capital One Financial said on Thursday it will acquire fintech firm Brex in a cash and stock deal valued at $5.15 billion and reported a rise in quarterly profit on the back of higher interest income from its credit...
Fintech Airwallex buys South Korea’s Paynuri in Asia expansion
Airwallex has acquired South Korea’s Paynuri Co Ltd, securing local payments licences and a foreign-exchange business registration that will allow it to operate directly in the country as the Australia-founded...
State Street to buy 23% stake in Groww Mutual Fund for ₹580 crore
State Street, the world’s fourth-largest asset manager, has agreed to invest ₹580 crore for a 23% stake in the mutual fund unit of Billionbrains Garage Ventures Ltd, the parent of broker Groww. The transaction involves...
Shriram Finance gets shareholders’ nod for MUFG deal-linked proposals, sources say
India’s Shriram Finance shareholders voted in favour of three proposals linked to the non-bank lender’s deal with Japanese investment bank MUFG signed last month, two sources with direct knowledge of the...
TPG Capital nearing acquisition of 30%-40% stake in IIFL Capital Services, ET reports
TPG Capital is closing in on a deal to acquire a 30% to 40% stake in India’s IIFL Capital Services, potentially becoming the single largest shareholder in the company, local newspaper Economic Times reported on...
UK’s Oakley Capital to acquire GLAS in $1.35 billion deal, Sky News reports
British private equity firm Oakley Capital has agreed to buy a majority stake in debt administration services firm Global Loan Agency Service (GLAS) in a 1 billion pound ($1.35 billion) deal, Sky News reported on Sunday...
Edelweiss completes sale of 10% stake in asset management business to WestBridge
Edelweiss Financial Services Ltd has completed the divestment of a 10% stake in its asset management business to global investment firm WestBridge Capital. This is part of a broader agreement under which WestBridge is...
UK’s IPF agrees to $733 million takeover by BasePoint entity
British lender International Personal Finance said on Monday it has agreed to a 543 million-pound ($732.51 million) takeover by a company associated with BasePoint Capital, finalising terms ahead of a December 31...
NCLAT rejects insolvency plea against Jumbo Finvest, upheld NCLT order
Appellate tribunal NCLAT has rejected Equitas Small Finance Bank’s appeal to initiate insolvency proceedings against Jumbo Finvest, upholding a National Company Law Tribunal order in the matter. Earlier, the...
Hillhouse joins Temasek in race for up to 6% stake in Quest Global
Asia-focused private equity firm Hillhouse Investment Management has entered the race to acquire about 6% of Quest Global, the Singapore-headquartered engineering services outsourcing company, at an estimated valuation...
Shriram Finance board to weigh stake sale to MUFG
Shriram Finance’s board would meet Friday to likely consider an equity stake sale in the vehicle financier to Japanese banking giant, the Mitsubishi UFJ Financial Group (MUFG). Shriram said in a customary filing...
CVB Financial to buy Heritage Commerce in $811 million deal in Bay Area push
Regional lender CVB Financial will buy smaller rival Heritage Commerce in an $811 million all-stock deal, as it looks to expand its presence into the Bay Area that is a major powerhouse of the U.S. economy. The deal...
