Blackstone Inc. is considering options including a sale of its majority stake in visa outsourcing and technology services firm VFS Global after receiving interest from prospective investors, people familiar with the...
Nazara acquires 15.8% stake in esports firm Stan for $2.2 million
Listed gaming and media firm Nazara Technologies acquired a 15.86% stake in esports community platform Stan for Rs 18.4 crore ($2.2 million) in cash from its existing investors. The investment was made through...
Angel Studios to go public via $1.6 bln SPAC deal
Angel Studios said on Wednesday it would go public in the U.S. via a merger with blank-check firm Southport Acquisition Corp in a deal valued at $1.6 billion. The company, whose movie “Sound of Freedom” was...
Buyout firm EQT explores $2 bln sale of Banking Circle, sources say
Private equity firm EQT is exploring a sale of its majority stake in Banking Circle, hoping any deal would value the payments processor at more than $2 billion, including debt, several people familiar with the matter...
Couche-Tard considers raising offer price for Seven & i, Bloomberg News reports
Canada’s Alimentation Couche-Tard is discussing how much it could raise the offer price to buy Japan’s Seven & i Holdings, Bloomberg News reported on Thursday, citing unnamed sources familiar with Couche...
MCA notifies deal value threshold, other changes in M&A regime
The Ministry of Corporate Affairs (MCA) on Tuesday notified key provisions of its merger control regime, including on deal value thresholds for regulatory oversights and exemptions, which, experts said, would enable the...
GoKwik acquires Shopify app Return Prime, forays into global market
GoKwik, an eCommerce enabler has acquired Return Prime, a global returns management app in the Shopify ecosystem. Founded in 2021, Bengaluru-based Return Prime by Sashwat Swaroop provides a customer return platform for...
Jaimin Gupta acquires majority stake in Gujarat-based Aarvee Denims and Exports
Jaimin Gupta, the founder of men’s fashion brand Barcelona, along with other investors have acquired a majority stake in Gujarat based Aarvee Denims and Exports. Last week, Aarvee said it has approved the...
Digital cos with 10% India users need CCI nod for mergers & acquisitions
Mergers and acquisitions involving digital firms that have one tenth of their global users or gross merchandise value in the previous one year or annual turnover in India would require clearance from the Competition...
Competitive dynamics in focus as US tries to stop Tapestry-Capri merger
The U.S. Federal Trade Commission urged a federal judge in New York to block Tapestry’s $8.5 billion merger with rival handbag maker Capri Holdings at a trial on Monday, arguing it will eliminate fierce head-to...
Progress to buy Cloud Software unit ShareFile for $875 million
Progress Software said on Monday it would buy Cloud Software Group’s unit ShareFile for about $875 million, as the AI-powered software firm looks to boost its enterprise product portfolio. The transaction is...
Permira raises takeover offer for Squarespace to $7.2 bln
Permira has agreed to increase its offer price to take website-design software company Squarespace private, now valuing the deal at $7.2 billion, the companies said on Monday. The private equity firm will offer $46.50...
