Welspun Group has acquired the plastic industry market leader Sintex for Rs Rs 1251 crore, the company said today. For decades Sintex has been a household name in India for water tanks and other plastic products having...
Singapore’s Mapletree plans acquisition spree to expand Asia Pacific footprint
Singapore-based Mapletree Logistics Trust on Thursday announced plans to acquire a few logistics properties in Japan, Australia and South Korea for a combined value of S$913.6 million ($686.97 million). The acquisition...
Avendus fund picks up stake in Indegene
Avendus Future Leaders Fund has picked up a stake in IPO-bound Indegene Pvt Ltd in a secondary transaction, which values the healthtech firm at over $1.5 billion, two people in the know said. Carlyle and another...
Fairfax acquires 4.45% stake in Quess Corp via reverse book building
Quess Corp said that Fairfax Capital Mauritius Limited, which is also the promoter in the company has acquired 4.45 per cent stake in the company. Fairfax Capital Mauritius Limited has acquired the stake in Quess Corp...
GoMechanic acquired by consortium led by Lifelong Group
Distressed car services platform GoMechanic, whose founders admitted to financial irregularities in January, has been sold to a consortium led by Delhi-based auto components manufacturer Lifelong India Pvt Ltd. Lifelong...
Spain’s Windar Renovables exploring Russian JV stake sale to Severstal -sources
Spanish firm Windar Renovables is exploring selling its 51% stake in its Russian joint venture to partner and steelmaker Severstal, three people familiar with the matter told Reuters. Windar, which manufactures towers...
Digital lending platform LoanTap acquires Unofin
Digital lending platform LoanTap said it has acquired Unofin, a healthcare-focused fintech startup, for an undisclosed sum. With this acquisition, LoanTap aims to leverage Unofin’s expertise in healthcare...
Apple acquires AI-driven video compression startup WaveOne
Apple has quietly acquired WaveOne, a California-based startup that develops AI algorithms for video compression. Although Apple did not announce the acquisition, Bob Stankosh, WaveOne’s former head of sales and...
Spain’s Nabiax sells LatAm business to Actis for $500 mln
Nabiax, a Spanish group specialised in data processing centres, has sold its Latin American business to British private equity firm Actis for about $500 million to focus on growth in Spain, it said on Tuesday. The...
White & Case settles with SPAC after derailed $480 mln deal
Law firm White & Case has quickly ended a lawsuit seeking legal fees from a special purpose acquisition company whose plans for a $480 million merger fizzled. White & Case, which last week sued former SPAC...
Motovolt acquires stakes worth 1 mn euros in German electric two-wheeler maker
Electric mobility startup Motovolt said it has acquired an undisclosed stake in German electric two-wheeler maker eROCKIT AG for 1 million euros (nearly Rs 9 crore). The company plans to further invest around 10 million...
Clorox tries to sell loss-making vitamins business – sources
Bleach maker Clorox Co has been seeking to divest its vitamins, minerals and supplements (VMS) business after efforts to scale it led to major losses, according to four people familiar with the situation. The VMS...
