Crisis-hit non-bank financier Kinara Capital Pvt. Ltd is tapping strategic investors—fintechs and other non-banking financial companies (NBFCs)—to pump in funds in exchange for a majority stake in the company, said...
Payments firm BILL is exploring a sale, sources say
Payments firm BILL Holdings is exploring a sale, two sources familiar with the matter told Reuters on Tuesday, as it faces pressure from activist investors. Shares of the company — which has a market capitalization of...
Financial services firm JTC agrees to $3 billion buyout proposal from Permira
London-listed financial services firm JTC Plc said on Monday that it has accepted a fourth revised buyout proposal from British private equity firm Permira, valuing the company at 2.3 billion pounds ($3.09 billion).
Blackstone entity gets CCI approval to acquire 80% stake in Aadhar Housing Finance
The Competition Commission of India (CCI) on Friday approved investment firm Blackstone’s arm’s proposal to acquire up to 80.15 per cent stake in Aadhar Housing Finance Ltd. US-based investment firm...
Aquarian Capital to buy insurer Brighthouse in $4.1 billion deal
Abu Dhabi-backed financial investor Aquarian Capital has agreed to take private U.S. life insurance and annuity provider Brighthouse Financial in a $4.1 billion deal, culminating a long running saga over the fate of the...
Nexi says it no longer has commitment to buy Sabadell unit, but is open to new deal
Italian payments group Nexi no longer has any commitment or obligation to buy Sabadell’s retailers’ payments unit, but is open to discussing a possible future deal on different terms, its CEO said on...
Abu Dhabi’s IHC seeks CCI nod to buy 43% stake in Sammaan Capital for $1 billion
Abu Dhabi-based International Holding Company has sought approval from the fair trade regulator CCI to purchase a 43.46 per cent stake in Sammaan Capital for USD 1 billion (around Rs 8,850 crore). International Holding...
Australia’s Pepper Money in talks to buy Westpac’s mortgage broking portfolio
Australian non-bank lender Pepper Money said on Thursday it is part of a consortium that is negotiating with major financial institution Westpac over acquiring the latter’s mortgage broking portfolio. Westpac shut...
Mastercard poised to buy crypto firm Zerohash for nearly $2 billion, Fortune reports
Mastercard is in late-stage talks to acquire crypto startup Zerohash for between $1.5 billion and $2 billion, Fortune reported on Wednesday, citing five sources familiar with the matter. If the deal goes through, it...
Advent International’s arm exits India’s Aditya Birla Capital, exchange data shows
U.S.-based private equity investor Advent International’s affiliate Jomei Investments has exited its entire 2% equity stake in India’s Aditya Birla Capital, exchange data showed on Tuesday. Jomei sold its 53...
Nicolet Bankshares to buy MidWestOne in $864 million stock deal
Nicolet Bankshares is acquiring MidWestOne Financial Group for $864 million in stock, in one of the bigger bank deals of the year. Nicolet will issue 0.3175 of its shares for each common stock of MidWestOne, valuing the...
Canaccord Genuity in early talks over possible sale of British wealth arm, sources say
Canadian financial services group Canaccord Genuity has been sounding out potential bidders, including CVC and Advent, for its British wealth arm, two people with knowledge of the matter told Reuters. The CEO of the...
