Private equity firm Apollo Global Management is looking to sell its Hispanic grocery chain Heritage Grocers Group, which could fetch roughly $1.5 billion, as fear of immigration raids weakens consumer demand in Latino...
LVMH explores sale of its 50% stake in Rihanna-backed Fenty Beauty, sources say
Luxury goods giant LVMH is exploring a sale of its 50% stake in Fenty Beauty, which it co-owns with Grammy Award-winning singer and entrepreneur Rihanna, according to four people familiar with the matter. The company is...
Core Scientific’s board asks shareholders to vote for CoreWeave deal
Core Scientific’s board urged its shareholders on Wednesday to vote for the crypto miner’s proposed sale to CoreWeave as the company expects a number of benefits from the deal. CoreWeave announced its...
Sentinel Capital sells NSI Industries’ HVAC unit to Lennox for $550 million
Private equity firm Sentinel Capital Partners said on Thursday it sold the HVAC division of NSI Industries to Lennox International for about $550 million in cash. NSI Industries, a supplier of branded electrical...
NCLT dismisses shareholder oppression case against Jindal Poly group company
The National Company Law Tribunal (NCLT) has dismissed a lawsuit claiming shareholder oppression by a Jindal Poly Films group firm which indirectly owns packaging film assets acquired from Exxon Mobil in 2013 by the...
Prosus buys additional stake in Ixigo; Peak XV, Elevation sell shares
Dutch investment firm Prosus has bought an additional 5.06% stake in Le Travenues Technology, the listed parent of online travel aggregator Ixigo. The shares were acquired from existing shareholders Elevation Capital (1...
ISS recommends Staar shareholders reject Alcon’s $1.5 billion offer
Proxy advisory firm Institutional Shareholder Services on Wednesday recommended that investors in Staar Surgical reject an offer by Swiss eyecare giant Alcon, putting the $1.5 billion deal in doubt. The move marks...
Nordic Capital-led consortium raises takeover price for Bavarian Nordic to $38.94 per share
Bavarian Nordic said on Wednesday a consortium led by Nordic Capital and Permira has raised its offer price for the vaccine maker to 250 Danish crowns ($38.94) after its initial bid was not accepted by a sufficient...
Lone Star to take Hillenbrand private for $2.3 billion
Hillenbrand is being taken private by investment firm Lone Star Funds for $2.3 billion in cash, sending the industrial equipment maker’s shares surging about 19% in early trading. A Lone Star affiliate is offering...
Australia’s Macquarie to lift stake in London City Airport to 75%
Macquarie Group’s asset management arm will acquire an additional 50% stake in London City Airport, raising its total ownership to 75%, the Australian investment firm said on Wednesday, as it deepens its presence...
JTL Industries gains 6% after NCLT approves acquisition of RCI Industries
JTL Industries shares jumped 6.2 per cent on BSE, logging an intra-day high at ₹72.2 per share. At 12 PM, JTL Industries’ share price was up 1.75 per cent on BSE at ₹69.12 per share. In comparison, the BSE Sensex...
Morgan Stanley, MUFG launch $1 billion sale of Vena Energy India
Morgan Stanley and Mitsubishi UFJ Financial Group (MUFG) have begun the sale process for Global Infrastructure Partners (GIP)-owned Vena Global Group Pte Ltd’s Indian renewable energy platform, Vena Energy India, in a...
