Coupa Software Inc said it has agreed to be taken private by buyout firm Thoma Bravo in a deal that values the cloud-based business software firm at $8 billion. News of the deal sent Coupa’s shares up 27%, after a...
Abu Dhabi Investment Authority to invest in India’s Lenskart – ET
Sovereign wealth fund Abu Dhabi Investment Authority (ADIA) is in advanced talks with Indian eyewear retailer Lenskart to invest $350 million to $400 million at a valuation of $4.5 billion, the Economic Times...
Broadcom faces EU antitrust probe into $61 bln VMware deal – sources
U.S. chipmaker Broadcom is set to face a setback in its $61 billion bid for cloud computing company VMware with EU antitrust regulators poised to open a full-scale investigation into the deal, people familiar with the...
GMM Pfaudler’s subsidiary to acquire Mixel France SAS for €7 million
GMM Pfaudler Ltd through its wholly owned subsidiary Pfaudler GmbH, has entered into an agreement on December 8, 2022 to acquire Mixel France SAS and its wholly owned subsidiary Mixel Agitator Co. Ltd. (collectively...
Hindustan Unilever to acquire 19.8% in Nutritionalab for ₹70 crore
Hindustan Unilever Limited (HUL) announced today that it is going to acquire 19.8% shareholding for ₹70 crore of Nutritionalab Private Limited, a private limited company incorporated in India. Health and Wellbeing...
Walgreens cuts stake in AmerisourceBergen through $1 bln share sale
Walgreens Boots Alliance has sold some AmerisourceBergen Corp’s shares for proceeds of $1 billion, the U.S. drugstore chain said on Thursday, further cutting its ownership in the drug distributor, by 3% to about...
Fullerton acquisition deal: Sumitomo Mitsui Group faces $670-mn tax bill
Sumitomo Mitsui Financial Group is facing a $670-million tax bill from India on its $2-billion acquisition of Fullerton India Credit, far outweighing what the Japanese lender has set aside, according to people familiar...
Cognizant to acquire US-based Utegration to tap into power sector
Cognizant is acquiring US-based Utegration LLC, a consulting and solutions provider, for an undisclosed sum to leverage its SAP-based products and capabilities in the energy and utility sectors. The deal will allow...
Advent-backed Roehm agrees to buy SABIC’s polycarbonate sheets business
Private equity firm Advent International has finalised negotiations to purchase Saudi Basic Industries Corporation’s (SABIC) polycarbonate sheets business, two sources familiar with the situation told Reuters. The...
Hinduja Tech acquires Drive System Design; to expand eMobility services
Hinduja Tech, part of the diversified business conglomerate Hinduja Group has acquired Drive System Design for an ‘undisclosed sum’ to expand its eMobility services from development to production, the...
Russian c.bank’s sale of Otkritie to VTB to go through this year – finmin
The Russian central bank’s deal to sell bailed-out lender Otkritie to state bank VTB should be finalised by the end of the year, Deputy Finance Minister Alexei Moiseev told reporters on Tuesday. Russian lawmakers...
US VC firm Sequoia Capital sells 3.7% stake in Go Fashion for Rs 228 cr
American venture capital firm Sequoia Capital has sold 3.7% stake in apparel company Go Fashion through the open market on Monday for Rs 228 crore. Through its affiliate Sequoia Capital India Investments IV, the venture...
