French investment company Wendel will acquire U.S. asset investment firm Monroe Capital, it said on Tuesday, with an initial investment of $1.13 billion for 75% of the company’s shares. With the acquisition...
Engineering software firm Altair explores sale, sources say
Altair Engineering, an engineering software maker with a market value of nearly $9 billion, is exploring a sale after receiving acquisition interest, three people familiar with the matter said on Tuesday. Troy, Michigan...
Tupperware cancels auction, agrees to lender takeover
Bankrupt Tupperware Brands agreed on Tuesday to sell its business to a group of lenders for $23.5 million in cash and over $63 million in debt relief, canceling its plans for an open-market auction of its assets. The...
Welspun Corp’s subsidiary Sintex-BAPL acquires 100% stake in Weetek Plastics for Rs 85 crores
Welspun Corp Limited part of Welspun Group through its subsidiary Sintex-BAPL Limited has acquired 100% of the equity shares and non-cumulative redeemable preference shares of ‘Weetek Plastics Private Limited’ for an...
NCLT dismisses Anil Dhirubhai Ambani Ventures’ plea to block use of ‘Reliance’ brand by Hinduja Group
The Mumbai bench of the National Company Law Tribunal (NCLT) has dismissed an application filed by Anil Dhirubhai Ambani Ventures Pvt Ltd (ADAVL) seeking to stop the Hinduja Group from using the ‘Reliance’ brand as part...
BTG Pactual gets green light to buy AccorInvest hotels in Brazil for $300 mln
Funds managed by Brazilian investment bank BTG Pactual received preliminary approval on Friday from the country´s antitrust regulator to buy the hotel operations of AccorInvest in Brazil for 1.7 billion reais ($300...
Ocean Wilsons sells stake in Brazilian unit to MSC in $765 mln deal
Investment holding company Ocean Wilsons has agreed to sell its 56.47% stake in Brazilian unit Wilson Sons to shipping services provider SAS for 4.35 billion reais ($764.9 million), it said on Monday. London-listed...
Fintech giant Stripe to buy crypto startup Bridge
Stripe will buy stablecoin infrastructure provider startup Bridge, the fintech said in a tweet on Monday without disclosing the deal value. The deal is valued at $1.1 billion, Forbes reported, last week, citing people...
Sophos buys Secureworks for $859 mln to beef up cybersecurity portfolio
Thoma Bravo-backed cybersecurity firm Sophos said on Monday it would acquire SecureWorks from Dell Technologies for $859 million in cash to strengthen its product lineup for enterprise customers. Secureworks...
Royal Mail’s sister business GLS to buy 20% stake in Greece’s ACS for $80 million
Parcel services firm GLS, the international sister business to the UK’s Royal Mail, has agreed to buy a 20% stake in Greece’s ACS for 74 million euros ($80.06 million), their parent International...
PTC Industries shares rise over 4% on acquiring stake in UK-based Trac Precision Solutions
Shares of PTC Industries Limited jumped more than 4 per cent on Monday, October 21, to ₹13,480 following the announcement of the company’s strategic acquisition of Trac Precision Solutions Limited (TSPL), a UK-based...
Cirque du Soleil Investor Hein Park Explores Stake Sale
Hein Park Capital Management is exploring the sale of its stake in Cirque du Soleil Entertainment Group, the company known for its live shows in Las Vegas and elsewhere, according to people with knowledge of the matter...
