Private equity firm Warburg Pincus has acquired a stake in IT services firm Everise Holdings at a valuation of $1 billion, the companies said in a statement. While Everise’s majority owner Brookfield Asset Management...
Australia’s Westpac fails to sell pacific banking business
Australian lender Westpac said it had cancelled the sale of its Fiji and Papua New Guinea businesses, ending a years-long process that was beset by regulatory problems. The company has been trying to leave the pacific...
France’s Vantiva to buy CommScope’s Home Networks
French technology company Vantiva said it struck a deal to buy U.S. network infrastructure provider CommScope’s Home Networks division in exchange for a 25% stake in Vantiva. The deal includes a maximum earnout of...
VIP Industries promoters explore stake sale
The promoters of VIP Industries Ltd are considering selling their stake in India’s largest luggage and travel accessories maker, two people familiar with the development said. The deal, including a potential open offer...
Australia’s Computershare to sell US mortgage portfolio for $720 mln
Australia’s Computershare said it was selling its U.S. mortgage services arm to asset manager Rithm Capital for $720 million, as the share registry company aims to focus on its core businesses. The deal includes...
UK’s Pendragon agrees to sweetened buyout of UK motor, leasing businesses
British auto dealer Pendragon said it had agreed to sell its UK motor and leasing businesses to Lithia Motors for a sweetened offer of 397 million pounds ($482.00 million). Lithia Motors had offered 250 million pounds...
EKI Energy Services picks up 26% stake in WOCE Solutions for Rs 80 lakh
EKI Energy Services Ltd on Friday said it has completed the acquisition of a 26 per cent stake in WOCE Solutions Private Limited (WOCE) for around Rs 80 lakh. In March 2023, its Board of Directors approved to subscribe...
Bridgepoint explores sale of Humanetics Group for $1.5 billion, sources say
Private equity firm Bridgepoint Group Plc is exploring a sale of Humanetics Group that could value the safety systems technology provider at about $1.5 billion, including debt, according to people familiar with the...
Brazil’s Nuvini to list on Nasdaq via SPAC deal
Nuvini, a Brazilian holding company for software-as-a-service firms, will list in New York via a merger with a special purpose acquisition company (SPAC) created by Mercato Partners valuing it at $235 million. Nuvini...
Amazon to invest up to $4 billion for minority stake in AI startup Anthropic
E-commerce giant Amazon.com said it has agreed to invest as much as $4 billion in Anthropic, an AI startup, for a minority stake, in an effort to become a major player in generative artificial intelligence, reported...
NCLAT to hear SREI Infra promoter’s plea on 4 October
The National Company Law Appellate Tribunal (NCLAT) on Monday deferred hearing in a plea in the insolvency case of SREI Infrastructure to 4 October after the company sought time to submit a rejoinder to a response by...
Sweden’s SBB eyes sale of residential arm in shake-up
Troubled Swedish landlord SBB is exploring the sale of a controlling stake in its residential arm, which owns 23,000 apartments, as it overhauls its business to meet debt deadlines next year, its chief executive told...
