Fiber network owner Zayo Group is in the lead to buy the Crown Castle’s assets in a deal that could be valued at over $8 billion, a source familiar with the matter told Reuters. Zayo, owned by Sweden’s EQT...
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American Axle to buy GKN automotive owner Dowlais in $1.4 billion deal
Detroit-based American Axle and Manufacturing will buy GKN Automotive owner Dowlais in a cash-and-stock deal, valuing the London-listed firm at about 1.16 billion pounds ($1.44 billion), the companies said on Wednesday...
Northvolt sells stake in battery unit to Volvo, to explore North American deals
Swedish electric-vehicle battery maker Northvolt agreed with Volvo Cars on Wednesday to sell its stake in their joint battery venture Novo Energy for an undisclosed sum and explore potential collaborations in North...
Bain Capital proposes to take Surgery Partners private
Bain Capital Private Equity has proposed to acquire the remaining shares of surgical facility operator Surgery Partners it does not already own for $25.75 apiece, a filing showed on Tuesday. Bain Capital has a 39% stake...
Alibaba’s Tsai-backed firm buys 12% of Italian luxury sneaker maker Golden Goose
Blue Pool, a Hong Kong-based investment firm backed by Alibaba co-founder Joe Tsai, has bought a 12% stake in Italian luxury sneaker maker Golden Goose, the Venice-based brand said on Tuesday. The investment comes after...
Euronext to acquire Nasdaq’s Nordic power futures business
Pan-European stock exchange Euronext on Tuesday announced it would acquire Nasdaq’s Nordic power futures activities, as it seeks to widen its business in the northern European electricity market. Euronext’s...
First-ever India logistics MBO: LOGOS team acquires $1 billion assets in two countries
A private consortium led by LOGOS Group co-founder Trent Iliffe, along with former India CEO Mehul Shah and Vietnam CEO Glenn Hughes, has acquired the LOGOS Vietnam and India business in a deal valued at $100 million...
360 One Wealth acquires Batlivala & Karani Securities for Rs 1884 crores
Wealth management company, 360 One Wealth and Asset Management (WAM) Monday announced the acquisition of Batlivala & Karani Securities and Batlivala & Karani Finserv for ₹1,884 crore. Of the total consideration...
Sadhana Nitro Chem completes acquisition of Calchem Industries (India)
Sadhana Nitro Chem (SNCL) has completed the acquisition of Calchem Industries (India) along with the plant, land and machinery at Roha that is adjacent to SNCL’s current factory. The payment of the requisite...
LVMH Sells Stella McCartney Stake Back to Founder After Downturn
LVMH Moët Hennessy Louis Vuitton SE is selling the stake it owns in Stella McCartney back to the brand’s founder as the luxury group cleans up its portfolio of labels amid a downturn for high-end goods. Stella...
Enel, KKR among potential bidders for UK’s Cubico, sources say
Italy’s Enel and private equity group KKR are among potential bidders for Britain-based Cubico Sustainable Investments, people with knowledge of the process said. Two of Canada’s biggest pension funds...
Emerson to buy remaining stake in AspenTech for $7.2 billion
U.S. industrial company Emerson Electric agreed to pay $7.2 billion to buy the remaining shares in software supplier AspenTech that it does not already own, the companies said on Monday. The takeout deal strengthens...
