Abrdn said it had agreed to sell its $9 billion European-headquartered private equity business to Brazilian firm Patria Investments, as it seeks to boost returns by offloading non-core assets. For Patria, the...
Chinese EV startup WM Motor files for pre-restructuring
Chinese electric vehicle startup WM Motor said it has filed for a pre-restructuring process, marking the demise of a promising standout among China’s EV makers as price competition in the world’s largest...
Activist hedge fund Starboard eyes Rupert Murdoch’s News Corp
Starboard Value, the activist hedge fund run by Jeffrey Smith, has bought shares of News Corp, according to people familiar with the matter, a move that could presage new calls from investors for changes to Rupert...
Tata Motors to sell 9.9% stake in Tata Tech for ₹1,614 crore
Tata Motors on 13 October announced to sell its 9.9 percent in Tata Technologies Limited (TTL) for an aggregate consideration of ₹1,614 crore, it said in a stock regulatory filing. The automotive major entered into...
Deutsche Bahn close to signing $1.68 billion deal to sell Arriva to I Squared, sources say
Miami-based infrastructure investor I Squared Capital aims to sign a deal to acquire Deutsche Bahn’s international transport business Arriva as soon as Monday, three sources familiar with the matter told Reuters...
Private equity backed US peach farm files for bankruptcy to pursue sale
Prima, a private-equity-backed farmer that is the largest producer of peaches and other stone fruit in North America, filed for Chapter 11 bankruptcy protection in Delaware on Friday. The company, owned by private...
Meal distributor GS Foods explores $1.5-billion sale, sources say
GS Foods Group is exploring a sale that could value the private-equity-owned meal distributor at more than $1.5 billion, including debt, according to people familiar with the matter. Highview Capital and A&M Capital...
Rainmatter Capital, Gruhas invest in Age Care Labs
As part of its pre-Series B funding round, elder care platform Age Care Labs has raised $11 million in fresh capital from fintech unicorn Zerodha’s investment arm Rainmatter Capital and proptech investment firm...
Birla Carbon acquires Belgium battery materials maker
Aditya Birla Group-led Birla Carbon, a global supplier of carbon black, has acquired Nanocyl SA, a Belgium-based manufacturer of multi-wall carbon nanotubes. Birla Carbon did not disclose the financial details of the...
Goldman Sachs agrees to sell GreenSky to Sixth Street-led consortium
Goldman Sachs has agreed to sell GreenSky, its home improvement lender, and associated loans to a consortium led by investment firm Sixth Street Partners, it said on Wednesday. Goldman did not disclose the value of the...
California AG says he may sue to stop Kroger from buying Albertsons
California Attorney General Rob Bonta said that his office was concerned about Kroger’s proposed deal to buy rival Albertsons for $24.5 billion, and may sue to stop it. Bonta said the decision has not been made...
Liontown extends due diligence for $4.2 billion Albemarle buyout
Australia’s Liontown Resources said it would extend an exclusive due diligence period by a week for its proposed A$6.6 billion ($4.23 billion) buyout by U.S.-based Albemarle, even as an Australian billionaire...
