Private equity firm KPS Capital Partners’ German aluminium smelter Speira is set to gain EU antitrust approval for its plan to buy aluminium recycler Real Alloy Europe with its offer to sell two plants to address...
Railways refers IRCTC, RailTel merger to DIPAM
The Department of Investment and Public Asset Management (DIPAM) will now take a call on the merger of RailTel Corporation of India (RailTel) and Indian Railway Catering and Tourism Corporation (IRCTC). The Indian...
NARCL proposes to acquire rice exporter SSA International’s debt
National Asset Reconstruction Company Ltd (NARCL), the bad bank promoted by the government, has offered to acquire the debt of SSA International Ltd from the lenders of the basmati rice exporting company. This is the...
Goldman Sachs plans major rejig, to merge trading and banking units
Goldman Sachs is planning a major reorganization as part of which its storied investment banking and trading businesses will be combined, while consumer banking will be absorbed by its wealth unit, the Wall Street...
Abu Dhabi’s ADQ makes merger offer to Abu Dhabi Aviation
Abu Dhabi sovereign wealth fund ADQ said on Monday it had made an offer to take a controlling stake in Abu Dhabi Aviation and merge the helicopter operator with ADQ stakes in Etihad Engineering, AMMROC and GAL to create...
Broadcom banks on early EU approval of $61 billion VMware deal
U.S. chipmaker Broadcom will seek early European Union antitrust approval of its proposed $61 billion buy of cloud computing company VMware by pointing to competition from Amazon, Microsoft and Google, people familiar...
Singapore’s digital wealth platform Endowus acquires HK’S Carret Private
Singapore-based digital wealth advisor Endowus has acquired a majority stake in Hong Kong-based wealth manager and multi-family office Carret Private Investments Limited, it announced. With the acquisition, total assets...
Zoomcar Holdings to go public via merger with Innovative International
Zoomcar Inc., an India-based car-sharing platform, has reached an agreement to go public via a merger with blank-check firm Innovative International Acquisition Corp., according to people familiar with the matter...
Microsoft says UK influenced by Sony in probing Activision Blizzard deal
Microsoft said Britain’s competition regulator had relied on objections from its rival Sony in referring its $69 billion Activision Blizzard deal to an in-depth inquiry, in particular “misplaced”...
Japan Industrial Partners-led group looking to buy Toshiba for $19 bln -Kyodo
The consortium of mostly domestic firms led by Japan Industrial Partners (JIP) is looking to buy Toshiba Corp for 2.8 trillion yen ($19.13 billion), Kyodo reported on Wednesday citing unnamed sources. The group, which...
Cybersecurity firm KnowBe4 to go private in $4.6 bln deal with Vista Equity Partners
KnowBe4 Inc agreed to go private in a sweetened $4.6 billion deal with Vista Equity Partners, the latest cybersecurity firm to be snapped up by private equity in this year’s market downturn. The offer values each...
Moglix acquires ADI’s Indian distribution unit for industrial goods
Tiger Global-backed industrial goods marketplace Moglix has acquired ADI Global Distribution’s India distribution business to strengthen its product portfolio across video surveillance, access control and fire control...
