Devtron, a software delivery platform, has raised $12 million in new funding led by global investor Insight Partners. The funding round follows previous financing from Leo Capital and angel investors. Devtron will use...
Top investor opposes Gold Fields’ takeover of Yamana
A top investor has come out against Gold Fields’ proposed $6.7 billion takeover of Canada’s Yamana Gold. Joe Foster, who manages active gold funds at investment firm VanEck, which is Yamana’s biggest...
Sembmarine to buy Keppel unit for $3.2 bln, scraps merger plan
Singapore’s Sembcorp Marine (Sembmarine) scrapped a deal to merge with Keppel Corp’s offshore and marine unit and form a new company, in favour of directly buying the unit for S$4.50 billion ($3.19 billion)...
U.S. firm Nuveen to acquire Arcmont Asset for private debt push
Nuveen said it has entered into a definitive agreement to acquire a controlling stake in Arcmont Asset Management, one of Europe’s largest private debt managers, as the U.S. asset manager plans to expand its...
Solar glass manufacturer Borosil Renewables acquires Interfloat Group
India’s first solar glass manufacturer Borosil Renewables Ltd has acquired 86 per cent stake in Europe’s largest solar glass manufacturer Interfloat Group for an undisclosed sum of money. “With...
Prem Watsa’s Fairfax to exit Bengaluru airport for $1.5bn
Fairfax Financial Holdings Ltd, controlled by Canadian billionaire Prem Watsa, plans to sell its entire stake in Bangalore International Airport Ltd (BIAL) for at least $1.5 billion, two people familiar with the matter...
AI chip startup SiMa.ai raises $37 million in B1 round
Artificial intelligence-based chip startup SiMa.ai said on Wednesday it has raised $37 million in a Series B1 round from Dell Technologies founder-backed MSD Partners. Existing partners including Fidelity Management...
European Lithium to merge with Sizzle Acquisition to form exploration firm
European Lithium Ltd said it would merge with blank-check company Sizzle Acquisition Corp to launch a lithium exploration firm and also sell its stake in the Wolfsberg lithium project. The merger comes at a time when...
France’s Casino mulls sale of $500 million stake in Brazil’s Assai
Brazilian cash-and-carry chain Assai said that its largest shareholder, France’s Casino, had started studies to potentially sell a $500 million stake in the company. The figure could be increased, if market...
Kushner Cos launches hostile bid for rival Veris Residential
Jared Kushner’s family real-estate firm Kushner Cos said on Thursday it has made a hostile bid for Veris Residential Inc, as the company looks to address strategic and operational issues at the real estate...
KKR looks to sell renewable energy platform Virescent
KKR & Co. is looking to sell its maiden renewable energy platform Virescent, which, once completed, will mark the first exit for the private equity major’s inaugural Asia Pacific Infrastructure Fund from India...
Dubai courier firm Aramex buys Florida e-commerce company MyUS for $265 mln
Dubai-listed courier firm Aramex said it had bought Florida-based e-commerce company Access USA Shipping LLC (MyUS) for about $265 million in an all-cash deal. Abu Dhabi sovereign wealth fund ADQ holds a 22.32% stake in...
