At meeting held on 11 March 2024. The Board of Pitti Engineering (PEL) at its meeting held on 11 March 2024 has approved the secondary acquisition of 100% of the equity share capital of Bagadia Chaitra Industries. The...
Nidec, KPS compete for Siemens’ $3 bln Innomotics unit, Bloomberg reports
Japan’s Nidec Corp and U.S.-based private equity firm KPS Capital Partners are competing to acquire Siemens AG’s Innomotics large motors business, Bloomberg News reported on Monday. The sale of the motors...
Astorg considers sale of IP software firm Anaqua, sources say
Private equity firm Astorg is considering a sale of its U.S.-based intellectual property software firm Anaqua, four people familiar with the matter told Reuters, with two of them saying the company could be worth as...
Standard General makes offer to buy remaining stake in casino operator Bally’s
Hedge fund Standard General on Monday offered to buy the remaining stake in Bally’s Corp that it does not already own in a deal that values the casino operator at about $684 million. Shares of Bally’s, which...
Max India explores PE deals for Antara stake sale
Max India Ltd is in talks with private equity (PE) firms to sell 5-10% stake in its subsidiary Antara Assisted Care Services Ltd, two people aware of the development said. Max India, part of the $4 billion Max Group, is...
Netherlands, Germany near deal on TenneT grid, sources say
The Netherlands is close to announcing a deal to sell TenneT Holding’s power grid in Germany to the government in Berlin, two people familiar with the matter told Reuters on Sunday. One of the sources said the...
Partners considers sale of German renewables firm VSB, sources say
Partners Group is exploring options, including a sale, for German renewable energy company VSB Group, six sources familiar with the matter said. The Swiss private equity firm has been interviewing financial advisers in...
Kering and EssilorLuxottica among suitors for eyewear maker Marcolin, FT reports
Gucci-owner Kering and Ray-Ban parent EssilorLuxottica are among the suitors for Italian eyewear manufacturer Marcolin, the Financial Times reported on Saturday. New York-headquartered eyewear maker Marchon has also...
Partners considers sale of German renewables firm VSB, sources say
Partners Group is exploring options, including a sale, for German renewable energy company VSB Group, six sources familiar with the matter said. The Swiss private equity firm has been interviewing financial advisers in...
Indonesia’s Indosat set to launch stake sale in $1 bln fibre business, sources say
Indonesia’s Indosat Ooredoo Hutchison (IOH) is set to begin a process to sell a minority stake in its fibre business as early as March, in a deal that could value the asset at over $1 billion, said two people with...
Adani Enterprises arm acquires France-based Le Marche Duty Free
Gautam Adani-led Adani Enterprises on Wednesday said that the company’s Dubai arm, Ospree International FZCO, has acquired France-based Le Marche Duty Free SAS (LMDF) at a cost of 5,000 euros. In an attempt to...
Vertoz Ventures into the CloudTech Sector through the Strategic Merger
While the Company already specializes in MadTech solutions with its diverse platforms and services that facilitate a wide range of digital marketing and advertising technology, this amalgamation will add a plethora of...
