Private equity firm Thomas H. Lee Partners (THL) has agreed to acquire a majority stake in Standish Management in a deal that values the U.S.-based fund administrator at about $1.6 billion, including debt, people...
Dutch e-bike maker VanMoof declared bankrupt
Dutch e-bike maker VanMoof has been declared bankrupt and administrators are considering whether it can sell assets and restructure to save the business, the company said. VanMoof, which raised 100 million euros ($112...
Sheela Foam to pick 94.66% in Kurlon for Rs 2,150 cr; 35% in Furlenco for Rs 300 cr
Sheela Foam, India’s largest home mattress manufacturer, acquired rival Kurlon Enterprise, the maker of Kurl-on mattresses, and purchased a controlling stake in the furniture rental company Furlenco, the company said in...
Britain’s Entain to buy U.S.-based Angstrom Sports for up to $266 mln
Ladbrokes-owner Entain agreed to acquire U.S.-based Angstrom Sports for a potential consideration of up to 203 million pounds ($266 million) as it looks to widen its footprint in the country. The acquisition of the...
Searchlight to buy UK asset manager Gresham House for $615 mln
Searchlight Capital Partners has agreed a deal to buy British asset manager Gresham House for 469.8 million pounds ($614.9 million), the U.S.-based investment firm said. Gresham House shareholders will receive 11.05...
Reliance set to buy Alia Bhatt’s Ed-a-Mamma for Rs 300-350 crore
Reliance Brands Ltd is in talks to fully acquire actress Alia Bhatt’s children wear brand Ed-a-Mamma for ₹300-350 crore, two industry executives said. Reliance Brands is a subsidiary of Reliance Retail Ventures...
Top Hollywood agency CAA in talks to sell itself to Kering boss – Bloomberg News
Creative Artists Agency (CAA), one of Hollywood’s biggest talent agencies, is in advanced talks to sell a majority stake to French billionaire Francois-Henri Pinault and could fetch a valuation of over $7 billion...
Cinven eyes True Potential stake sale as soon as next year
Buyout group Cinven is considering selling a stake in wealth manager True Potential as early as next year, two people familiar with the matter said, in what could be one of the largest recent deals in Britain’s...
FTC to appeal judge’s decision to let Microsoft buy Activision
The U.S. Federal Trade Commission (FTC) said it was appealing a federal judge’s ruling that Microsoft could go forward with its $69 billion purchase of “Call of Duty” maker Activision Blizzard...
Broadcom’s $61 billion VMware deal wins conditional EU antitrust OK
U.S. chipmaker Broadcom secured EU antitrust approval on Wednesday for its $61 billion proposed acquisition of cloud computing firm VMware after offering remedies to help rival Marvell Technology. The deal...
Carrefour agrees to buy Cora and Match assets in France from Louis Delhaize
Carrefour has agreed to buy the Cora and Match assets in France from Belgian retailer Louis Delhaize Group in the French supermarket chain’s first major acquisition in its home market in over 20 years, it said on...
Caledonia Investments solicits bids for $585 mln wealth manager 7IM – sources
Caledonia Investments has given prospective buyers until the end of the month to table indicative offers for wealth manager 7IM, two people familiar with the matter told Reuters, in the latest chapter of consolidation...
