India’s largest institutional investor and insurer Life Insurance Corp of India (LIC) has raised its stake in IT bluechip Tech Mahindra Ltd to 8.88% from 6.87% since November, highlighting domestic fund managers’...
Apax leads race for $450-$500M stake buy in IBS
Private equity firm Apax Partners is the front-runner to acquire a significant minority stake in IBS Software from Blackstone and has signed an agreement for exclusive negotiations to buy a 32% stake in the software...
Apax, CVC Capital, TH Lee bid for Blackstone’s 32% stake in IBS Software
Private equity groups Apax Partners, CVC Capital, and Thomas H. Lee Partners (TH Lee) are vying to acquire a minority stake in IBS Software, a leading SaaS solutions provider to the global travel industry, from their...
China’s Bestpath to go public in US via $1.2 bln SPAC deal
Chinese tech firm Bestpath said on Monday it had agreed to go public in the United States through a merger with a blank-check vehicle in a deal with an equity value of about $1.2 billion. Founded in 2019, Bestpath is a...
Accenture to acquire Bengaluru-based industrial AI firm Flutura
Global professional services company Accenture on Tuesday said it is acquiring industrial artificial intelligence (AI) company Flutura for an undisclosed sum. Bengaluru-headquartered Flutura will strengthen...
IT services firm DXC says it terminated potential takeover talks
DXC Technology said it had terminated discussions regarding a potential takeover of the IT services company, citing the unnamed buyer’s challenges in raising necessary capital amid current market conditions. In...
Atos in talks with Kretinsky over sale of Tech Foundations business-Le Monde
French technology consultancy Atos is in talks with Czech businessman Daniel Kretinsky about the possible sale of its Tech Foundations business, Le Monde reported on Wednesday. The discussions are taking place...
Sonata Software jumps over 4% on acquiring US-based Quant Systems
Sonata Software jumped 4.5 per cent to a high of Rs 721 in intra-day trades on Thursday on the BSE, after the company’s North America arm inked an agreement to buy 100 per cent stake in Quant Systems Inc, a Texas...
UK-based IT firm Noventiq to list in U.S. through SPAC deal
London-listed IT company Noventiq said it will combine with California-based blank-check firm Corner Growth Acquisition Corp for a Nasdaq listing. Noventiq said the current price of its listed global depository receipts...
Happiest Minds to acquire SMI via upfront, deferred equity for Rs 111 cr
Happiest Minds Technologies announced that it has signed an agreement to acquire Madurai-headquartered IT services company SMI through a combination of upfront and deferred equity consideration amounting to Rs 111 crore...
Tredence eyes debut acquisition in 2023
Advent International-backed data science and analytics firm Tredence Inc. is looking to roll out its inorganic growth plans with its debut acquisition this year, said co-founder Shashank Dubey. In an interview, Dubey...
Google seeks stay on CCI order in NCLAT
Google has moved the National Company Law Appellate Tribunal (NCLAT) seeking a stay on an order of the Competition Commission of India (CCI) that has imposed a penalty of ₹1,337.76 crore on the US tech giant for...
