After a sharp drop in Latin American deals in 2022, bankers expect a slow recovery next year, led by M&A. IPOs may take longer to resume, due to high global interest rates. The volume of M&A deals in Latin...
Nitro rejects Potentia’s alternative offer, seeks nod for KKR-backed firm’s bid
Australia’s Nitro Software rejected an alternative takeover offer from private equity (PE) firm Potentia Capital, which gave Nitro shareholders the choice of an all-cash, stock, or a combination of both, at the...
Olam Group completes $1.24 bln stake sale in agri unit to Saudi firm
Singapore’s commodity trader Olam Group said it had completed the sale of a 35.43% stake in its unit Olam Agri to Saudi Agricultural and Livestock Investment Co (SALIC) for $1.24 billion. The deal, which was first...
Court approves Swan Energy team’s resolution plan for Reliance Naval
The bankruptcy court approved a resolution plan by the Swan Energy-Hazel Mercantile team consortium for Anil Ambani-owned Reliance Naval and Engineering Ltd (RNEL). The Ahmedabad court Friday gave an oral order...
Mapletree Investments Acquires KSH Infra’s logistics asset
Mapletree Investments has acquired the remaining assets of a logistics park owned by KSH Infra Industrial Park Pvt Ltd, a subsidiary of Pune-based KSH Infra Group, for around ₹320 crore (around $38.7 million)...
Crypto firm Bullish, Far Peak call off $9 bln SPAC deal
Cryptocurrency firm Bullish and Far Peak Acquisition Corp said they had called off their $9 billion merger, making it the latest blank-check deal to fall through as the industry comes under increasing regulatory...
Rainwater Tech to list in New York via SPAC merger
Rain Enhancement Technologies Inc, a developer of systems that boost rainfall in arid regions, has agreed to combine with special purpose acquisition company (SPAC) dMY Technology Group VI, the companies told Reuters...
Year-End Special: Acquisitions and mergers of mutual funds in 2022
Mutual fund mergers and acquisitions are not new in the industry. In 2022 also the industry saw a few fund houses getting merged and acquired. The year 2021 ended with Sundaram Mutual Fund taking over Principal Mutual...
Florintree Advisors buys stake in Cybrilla
Florintree Advisors, led by former Blackstone India head Mathew Cyriac, has invested about $2 million ($16.5 million) for a minority stake in Cybrilla Technologies Pvt. Ltd, which provides fintech infrastructure to...
Saudi wealth fund PIF buying 30% stake in Saudi Tabreed
Saudi Arabia’s Public Investment Fund (PIF) has acquired a 30% stake in cooling company Saudi Tabreed through a private placement of shares, according to a bourse filing on Wednesday. The sale is subject to...
New Zealand’s Vector to sell 50% stake in metering business
New Zealand’s utility Vector Ltd said it had reached a conditional agreement with QIC Private Capital to sell a 50% stake in its metering business for expected gross proceeds of NZ$1.74 billion ($1.10 billion)...
EU to probe Broadcom’s $61 billion planned takeover of VMware
European antitrust regulators have opened an in-depth investigation into U.S. chipmaker Broadcom’s proposed $61 billion bid for cloud computing company VMware, the European Commission said. “The Commission...
