Global private equity funds General Atlantic, TPG Capital, Warburg Pincus and Ontario Teachers’ Pension Plan are in contention for acquiring a majority stake in Altimetrik at a valuation of about $1.5 billion (Rs...
Cinven to explore $3 billion sale of software maker Jaggaer, sources say
Private equity firm Cinven is preparing to explore a sale of Jaggaer that it hopes will value the maker of supply chain software at about $3 billion, including debt, according to people familiar with the matter. Cinven...
TVS Holdings to acquire 80.74% stake in Home Credit India Finance for Rs 554 crore
TVS Holdings Ltd on Friday said it will acquire 80.74 per cent stake in Home Credit India Finance Pvt Ltd for an aggregate consideration Rs 554.06 crore. The Board of Directors at its meeting held on Friday approved the...
Mubadala Capital’s $3 bln Fortress bid clears key US regulatory hurdle, FT reports
Abu Dhabi sovereign investor Mubadala Capital’s $3 billion bid for New York-based Fortress Investment Group has a significant U.S. regulatory hurdle after the parties agreed to important concessions, the Financial...
Pilates chain Solidcore explores sale, sources say
Pilates studio operator Solidcore is exploring options including a potential sale that could value the fitness chain at more than $750 million, including debt, people familiar with the matter said on Thursday. The...
Wipro Infra Engineering’s hydraulics business acquires Canadian firm
Wipro Hydraulics, the hydraulic cylinders and components manufacturing business of Wipro Infrastructure Engineering (WIN), on Thursday said it signed a definitive agreement to acquire Canada-based Mailhot Industries...
Bharti Enterprises sells shares of ICICI Lombard for Rs 663 crore
Sunil Bharti Mittal-promoted Bharti Enterprises on Thursday offloaded shares of ICICI Lombard General Insurance Company for Rs 663 crore through open market transactions. Axis Mutual Fund (MF), Aditya Birla Sun Life MF...
Swan Energy update on acquisition of Reliance Naval & Engineering
Swan Energy announced that in accordance with the order of the Hon’ble NCLT, Ahmedabad Bench dated 23 December 2022, issuance of 1 equity share for every 275 equity shares held by the existing shareholders of RNEL...
Venturi makes a secondary bet on K12 Techno for $27 million
Singapore-based private equity firm Venturi Partners Pte. Ltd has acquired a 5.12% stake in K12 Techno Services Pvt. Ltd from Navneet Education Ltd for ₹225 crore ($27 million), according to a joint statement from the...
Fincantieri buys Leonardo’s submarine business in 415 mln euro deal
Italian shipbuilder Fincantieri said on Thursday it had bought Leonardo’s Underwater Armament Systems (UAS), in a deal giving the submarine business line an enterprise value of 415 million euros ($447.20 million)...
Board of Mercury EV-Tech approves acquisition of majority stake in Traclaxx Tractors
The Board of Directors of Mercury EV-Tech at its held on 08 May 2024 approved the acquisition of 65% stake in Traclaxx Tractors, equivalent to 5,23,900 equity shares of Rs. 10 each at a price of Rs. 10 each, total...
Board of Datamatics Global Services approves acquisition of balance stake in JVC
The Board of Datamatics Global Services at its meeting held on 08 May 2024 has approved to acquire balance 23% stake in Datamatics Cloud Solution from CloudGrowth. On completion of the acquisition, the JVC will become...
