IndusInd International Holdings Ltd (IIHL) Chairman Ashok P Hinduja said the delisting of Reliance Capital is one of the last milestones towards the closure of the acquisition of the debt-ridden financial firm...
Bain matches CC Capital’s offer for Australia’s Insignia Financial at $1.92 bln
Insignia Financial’s shares hit a three-year high on Thursday, driven by a revised takeover offer of A$3.07 billion ($1.92 billion) from U.S.-based Bain Capital, matching the bid of rival CC Capital Partners and...
Consumer lender Ally Financial to sell credit card business to CardWorks
Consumer lender Ally Financial has agreed to sell its credit card business to credit and payments firm CardWorks, the companies said on Wednesday. Shares of Ally jumped 8.6% in premarket trading. The sale comes as Ally...
Burmans’ Religare open offer to acquire additional 26% stake to start on Jan 27
Burmans’ Religare Enterprises’ open offer to acquire an additional 26 per cent stake from the open market would commence on January 27 following the regulatory approvals. Last month, the Reserve Bank...
Uruguay’s DLocal CEO Eyes Acquisition, Denies Fintech Is On Sale
Payment services provider DLocal Ltd. is analyzing whether to buy a smaller fintech rival this year after the company itself was the target of takeover proposals, Chief Executive Officer Pedro Arnt said in an interview...
Bain Capital raises bid for Australia’s Insignia to $1.8 bln, matches CC Capital
Shares of Australia’s Insignia Financial hit a more than three-year high on Monday as a bidding war escalated, with private equity firm Bain Capital raising its offer to A$2.87 billion ($1.76 billion), in line...
Paychex to buy rival Paycor in $4.1 bln deal to expand AI-driven HR products
Paychex said on Tuesday it will acquire payroll processing firm Paycor HCM for about $4.1 billion in cash, as the HR management firm looks to broaden its artificial intelligence capabilities and consolidate its market...
BTG and XP submit top offers for Brazilian unit of Julius Baer, source says
A pair of Brazilian financial heavyweights has submitted the most competitive offers so far to acquire the local unit of Swiss-based lender Julius Baer, a person familiar with the deal said on Monday. The source pointed...
Australia’s Insignia gets $1.8 billion bid from CC Capital, topping Bain offer
Insignia Financial shares shot to a three-year high on Monday after it revealed a A$2.87 billion ($1.78 billion) takeover bid from U.S.-based investment manager CC Capital Partners, eclipsing a A$2.67 billion offer from...
Centerview Partners open to exploring options, including IPO or stake sale, WSJ reports
U.S.-headquartered Centerview Partners is becoming more open to exploring its options, including selling a stake in the boutique bank firm to an outside investor or going public, the Wall Street Journal reported on...
RBL Bank divests entire 8.16% stake via OFS in DAM Capital after IPO for ₹163 crore
RBL Bank has divested its entire 8.16 per cent stake in DAM Capital Advisors through an offer for sale (OFS) during the investment bank’s initial public offering (IPO), raising ₹163.32 crore. RBL Bank said in a...
TVS Credit to make a bid for Avendus Capital
TVS Credit has joined the race for KKR-backed investment bank Avendus Capital as part of its strategy to expand the group’s financial services business, three people with knowledge of the development said. The...
