DNEG’s Brahma, a subsidiary of Prime Focus, has acquired Metaphysic, a developer of AI-driven content creation technology, in a deal that values Brahma at $1.43 billion. With this acquisition, Brahma aims to develop new...
Jay Kay Enterprises (JKE) Acquires Majority Stake in JK Tech to Drive AI & Gen AI Innovation
Jay Kay Enterprises (JKE), a leader in high-precision manufacturing for the Defence and Aerospace sector, including advanced digital printing capabilities, has acquired a majority stake in JK Tech, a global provider of...
Northvolt sells heavy industry battery business to truckmaker Scania
Sweden’s Northvolt has agreed to sell a business that makes electric battery packs for heavy industry, one of its few profitable units, to its customer and partner Scania, the two companies said on Tuesday, as the...
KKR to buy additional 5% stake in Eni biofuel business
U.S. fund KKR has signed an agreement with Italy’s Eni to buy an additional 5% stake in Eni’s biofuel business Enilive for 587.5 million euros ($614.17 million), bringing its total stake to 30%, the energy...
XT Global Infotech explores strategic global acquisition opportunities
XT Global Infotech announced that the company is actively exploring strategic acquisition opportunities in Australia, Europe, and other key international markets to reinforce its global footprint and broaden its service...
Evergrande Unit Tianji Ordered to Liquidate by HK Court
A key unit of China Evergrande Group was ordered by a Hong Kong court to liquidate, the latest legal win for liquidators trying to access assets of the world’s most indebted developer. Tianji Holding Ltd. is the second...
Conmat Group reclaims its 51% stake as Japan’s KYB Corp exits JV
KYB Corp., a Japanese behemoth in concrete equipment, has exited its 51% stake in the joint venture with Premraj Keshyep-led Conmat Group, which has reclaimed it, the companies said in a statement on Monday. The joint...
UK’s Assura rejects $2 billion buyout bid from KKR, pension fund
British healthcare property developer Assura has rejected a 1.56 billion pound ($2 billion) acquisition bid from KKR and pension fund Universities Superannuation Scheme, the U.S.-based private equity group said on...
H&E accepts Herc Rentals’ $5.3 billion bid, FT reports
H&E Equipment Services has accepted a roughly $5.3 billion takeover bid from Herc Rentals, rebuffing an earlier acquisition offer from equipment rental rival United Rentals, the Financial Times reported on Tuesday...
Dubai-based Huda Beauty sells fragrance line KAYALI to co-founder and General Atlantic
Dubai-based Huda Beauty will sell its popular fragrance brand KAYALI to its co-founder and General Atlantic in a move that allows the beauty company’s owners to buy back a stake held by TSG Consumer Partners since...
Reliance acquires Velvette, the FMCG brand behind the sachet revolution
Reliance Consumer Products Limited (RCPL) has acquired Velvette, the personal care brand known for introducing sachet packaging. This acquisition, which grants RCPL the perpetual license of Velvette, supports Reliance’s...
Nokia set to gain EU approval for $2.3 billion Infinera acquisition: Report
Nokia is set to secure unconditional EU antitrust clearance for its $2.3 billion acquisition of U.S. optical semiconductors and networking equipment maker Infinera, people with direct knowledge of the matter said on...
