British insurer and asset manager M&G has bought a majority stake in European real estate investor BauMont, as it prepares to buy up more commercial property in anticipation of a market recovery. M&G told...
Canada’s BCE to acquire US internet firm Ziply for $3.6 bln
Canadian telecom firm BCE said on Monday it would buy internet services provider Ziply Fiber for C$5 billion ($3.60 billion) in cash, as it looks to expand its fiber footprint in the United States. BCE’s shares...
Zydus to acquire Naturell, the maker of Ritebite Max Protein for Rs 390 crore
Zydus Wellness said it will enter into a definitive agreement to acquire Naturell, the maker of Ritebite Max Protein bars and snacks for Rs 390 crore in an all cash deal. The maker of Complan and Glucon-D said the...
AO Smith Corp completes acquisition of Pureit from Hindustan Unilever
AO Smith Corporation announced on Friday that it has completed the acquisition of Pureit, a residential water purifier brand, from Hindustan Unilever. In July, both companies had announced that they had signed an...
TGI Fridays operator files for bankruptcy amid financial woes
TGI Fridays, an American casual dining chain, said on Saturday that it has filed for Chapter 11 bankruptcy protection after grappling with prolonged financial challenges and a collapsed deal with UK-based Hostmore. In a...
Shore Capital, Silver Lake in talks over $8.6 billion pet care deal, Bloomberg News reports
Private equity firm Shore Capital Partners is in talks to partner with Silver Lake Management to combine two veterinary groups through an $8.6 billion deal, Bloomberg News reported on Friday, citing people familiar with...
Thyssenkrupp CFO: Spin-off of marine division possible in 2026
Thyssenkrupp is working on a spin-off of its warship division after private equity firm Carlyle dropped out as a bidder last week, the group’s CFO said, flagging 2026 as a realistic time frame for when such a move...
Norway’s sovereign wealth fund buys 98% of US office building for $217 mln
Norway’s sovereign wealth fund said on Tuesday it has bought a 97.7% stake in an office property in Menlo Park in the San Francisco bay area for $217 million, in a joint venture with U.S. real estate investment...
Hargreaves Lansdown expects takeover by CVC-led consortium to complete in Q1 2025
Hargreaves Lansdown, Britain’s largest investment platform, said on Tuesday it expects the completion of its agreed 5.4 billion pound ($7 billion) takeover by an international consortium in the first quarter of...
InsuranceDekho set to acquire rival RenewBuy valuing it at $300-350 million
Gurugram-based insurance broker InsuranceDekho is in talks to acquire its smaller rival RenewBuy in a largely share-swap deal marking a major consolidation event in the insurance distribution sector, said three people...
UK investment firm Low Carbon sells 6 GW Dutch battery storage portfolio
UK-based renewable energy investor Low Carbon said it has sold a 6 gigawatt portfolio of battery storage projects in the Netherlands to S4 Energy, which is majority-owned by global commodities merchant Castleton...
Cybersecurity firm Rapid7 fields buyout interest, sources say
Rapid7, a cybersecurity firm with a market value of about $2.5 billion, is exploring options with its investment bankers after attracting acquisition interest from buyout firms, according to people familiar with the...
