The Competition Commission of India (CCI) on Tuesday approved Bain Capital’s proposed acquisition of a stake in Manappuram Finance. Bain Capital through its two affiliates — BC Asia Investments XXV and BC...
New Zealand’s Xero to buy US fintech Melio for $2.5 billion
New Zealand accounting software giant Xero agreed to buy New York payments provider Melio for $2.5 billion, the companies said on Wednesday, accelerating the Kiwi firm’s push into the U.S. with the country’s...
$230mn deal: Partners Group to acquire 75% of Infinity Fincorp
Swiss private equity major Partners Group is all set to acquire a majority stake in Infinity Fincorp Solutions, a Mumbai-based non-banking financial company (NBFC) focused on micro-loans against property, according to...
Jio Financial acquires SBI’s full stake in JPBL for ₹104.54 crore
Jio Financial Services on Wednesday announced that it has acquired 79,080,000 equity shares of Jio Payments Bank (JPBL) from the State Bank of India (SBI) for ₹104.54 crore. Consequent to this acquisition, JPBL has...
UGRO Capital shares rally 7% as firm to acquire Profectus Capital for Rs 1,400 crore cash deal
UGRO Capital shares rallied 7% to their intraday high of Rs 183.35 on the BSE on Wednesday as the non-banking financial company (NBFC) is all set to acquire Profectus Capital Private Limited for Rs 1400 crore in an all...
InCred Money set to acquire discount broker Stocko, marking entry into retail broking
InCred Money, the digital-first wealthtech platform of financial services firm InCred Group, said it is set to acquire discount broking platform Stocko, marking its entry into the retail broking space. It did not...
Japan’s Mizuho is said to be on cusp of buying Indian investment bank Avendus
Mizuho Financial Group Inc. is on the verge of buying a majority stake in investment bank Avendus Capital Pvt, people familiar with the matter said, in what would be the latest acquisition by a Japanese bank in India...
L&T Finance completes acquisition of Paul Merchants Finance’s gold loan business
L&T Finance Ltd. (LTF), on Monday, announced the completion of transfer of gold loan business of Paul Merchants Finance Private Ltd. (PMFL), a wholly owned subsidiary of Paul Merchants Ltd., to LTF. LTF is one of...
Mizuho to acquire Avendus from KKR at $700 million valuation
Mizuho Financial Group is set to acquire KKR-backed Avendus Capital, valuing the homegrown investment bank at Rs 6,000 crore ($700 million), ending months of protracted negotiations with several twists and turns, said...
Bitcoin ATM Operator CoinFlip Explores Potential $1B Sale
CoinFlip, a Chicago-based operator of more than 5,500 cryptocurrency ATMs globally, is exploring a potential sale as merger and acquisition activity heats up across the digital asset sector, according to Bloomberg. The...
Zaggle to acquire spend management firm Dice Enterprises for Rs 123 Cr
Zaggle Prepaid Ocean Services Ltd., a Mumbai-listed financial technology company, said on Wednesday it has agreed to acquire the entire share capital of Dice Enterprises Private Limited for Rs 123 crore. The...
UK’s Rosebank Industries raises $1.55 billion for US-based ECI’s acquisition
British investment firm Rosebank Industries (ROSE.L) on Friday said it will raise about 1.14 billion pounds ($1.55 billion) to finance the acquisition of U.S.-based Electrical Components International. Rosebank, which...
