U.S. law firm Michael Best & Friedrich said on Tuesday that it has absorbed a small Los Angeles firm, adding to an uptick in law firm mergers this year. Milwaukee-founded Michael Best, which has more than 300...
StanChart’s crypto unit in talks to buy Alan Howard-backed firm, Bloomberg reports
Standard Chartered Plc’s, crypto unit, Zodia Markets, is in talks to acquire billionaire hedge fund manager Alan Howard-backed Elwood Capital Management’s OTC business, Bloomberg News reported on Tuesday...
Revolut CEO to sell part of stake in $500 million share sale, Sky News reports
British fintech company Revolut’s CEO Nikolay Storonsky will cash in part of his multibillion-dollar stake in the company as part of a $500 million share sale, Sky News reported on Sunday. The Financial Times...
Saks owner to buy luxury retailer Neiman Marcus in $2.65-billion deal
Saks Fifth Avenue parent HBC will acquire department-store chain Neiman Marcus in a $2.65-billion deal, the companies said on Thursday, giving them stronger negotiating power with vendors and greater ability to control...
Rheinmetall, Leonardo CEOs say deal paves way for EU defence consolidation
The newly formed joint venture between Germany’s Rheinmetall and Italy’s Leonardo is a first step in the consolidation of the European defence vehicle sector, the chief executives of the two groups said on...
Lighthouse Funds talking to investors to offload its stake in footwear maker Aqualite Industries
Private equity major Lighthouse Funds is looking to exit its six-year-old bet in footwear maker Aqualite Industries, and it has already started early talks with prospective investors, two people familiar with the matter...
Saks owner to buy Neiman Marcus, source says
The parent of Saks Fifth Avenue agreed to buy rival Neiman Marcus, a person familiar with the matter told Reuters on Wednesday, a move that is expected to give the struggling luxury retailers more power to negotiate...
Arkhouse, Brigade Capital raise buyout offer for Macy’s to $6.9 bln, WSJ reports
Arkhouse Management and Brigade Capital Management have raised their bid to buy Macy’s for about $6.9 billion, the Wall Street Journal reported on Wednesday citing people familiar with the matter. Shares of the...
Aramco, ADNOC reportedly weighing bids for Australia’s Santos, but analysts sceptical
Saudi Aramco and Abu Dhabi National Oil Company (ADNOC) have been separately considering bids for Santos, Bloomberg News reported, sending shares of the Australian gas producer up 6.5% on Thursday. Both Saudi Aramco and...
KKR to buy Varsity Brands from Bain Capital for $4.75 billion, sources say
Private equity firm KKR & Co agreed to acquire Varsity Brands, a U.S. maker of sports uniforms and school yearbooks, from buyout firm Bain Capital for about $4.75 billion, including debt, people familiar with the...
Artisan Investments raises stake in Philips to 10%, regulatory filing shows
U.S. asset management firm Artisan Investments has raised its stake in Philips to 10%, sending the healthcare technology group’s shares rising on Wednesday, a week after the Dutch company’s biggest...
Adi-Nadir group buys out 12.5% in Godrej Industries from Rishad Naoroji
The Adi-Nadir Godrej faction has agreed to buy out the 12.65 percent stake estimated at Rs 3858 crore in Godrej Industries via block deals from RKN Enterprises which is owned by Rishad Naoroji, a cousin of Adi Godrej...
