Global private equity (PE) firm Blackstone Inc. is looking to sell as much as 50% stake in PGP Glass Pvt. Ltd that it acquired three years ago, three people aware of the development said. The PE firm has named...
Macy’s investors mount $5.8 billion buyout bid
An investor group consisting of Arkhouse Management and Brigade Capital has made a $5.8 billion offer to take department store chain Macy’s private, according to a person familiar with the matter on Sunday...
ChrysCapital acquires 75% stake in ProHance, enters SaaS segment
Private equity firm ChrysCapital said it has acquired a 75% stake in ProHance Analytics, a Bengaluru-based business-to-business software-as-a-service (B2B SaaS) platform offering workforce analytics and operations...
CVC, Warburg in race to acquire digital technology firm To The New
The US-based private equity majors including CVC Capital and Warburg Pincus have joined the race to acquire To The New, Singapore-based digital technology company. There are 3 more global strategic companies in the race...
SoftBank arm to sell 1.1% stake in Zomato
An arm of Japan’s SoftBank Group is slated to sell a 1.1% stake in food-delivery company Zomato Ltd on 8 December for an estimated Rs1,127.5 crore, or $135 million, as per the term sheet of the block deal. The floor...
Uniqus acquires Goodera’s ESG software
Consulting firm Uniqus Consultech Inc. has acquired a specialised software from social impact startup Goodera that it expects will help it win contracts in the environmental, social and governance, or ESG, space. Uniqus...
Danaher completes $5.7 billion acquisition of Abcam
Medical tools supplier Danaher said it has completed the $5.7 billion acquisition of Abcam, overcoming the initial opposition from the founder of the protein consumables maker. Danaher agreed to buy Abcam in September...
Indian govt to sell up to 8% stake in IRCON
The Indian government will sell up to an 8% stake in state-run IRCON International this week, the company said in an exchange filing. The plan includes selling 4% of the company, with an option to sell an additional 4%...
Australian fund manager Perpetual rejects $2 bln bid from top investor
Australian fund manager Perpetual rejected a A$3.1 billion ($2 billion) takeover offer from its largest shareholder, diversified investor Washington H Soul Pattinson (WHSP), saying the proposal undervalued its business...
Infra.Market sells 10% stake in RDC Concrete for $20 million
Construction materials provider Infra.Market has sold 10% of its stake in its subsidiary RDC Concrete for $20 million, to public market investors led by Ashish Rameshchandra Kacholia. Ace investor Kacholia is known to...
Cloud-based software provider Five9 considers options for sale – Bloomberg News
Call center software firm Five9 is weighing options for a sale, more than two years after a buyout by Zoom Video Communications failed, Bloomberg News reported on Monday, citing people familiar with the matter...
Former Blackstone executive Mathew Cyriac set to buy ex-firm’s 51% stake in International ARC
Blackstone, the world’s largest alternative asset manager, is exiting the distressed assets space in India by selling its controlling interest in a high-profile, five-year-old joint venture that includes the Tata Group...
