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...
CCI approves IndInfravit’s acquisition of five SPVs
Anti-trust regulator Competition Commission of India (CCI) has approved acquisition of 100% of the equity and compulsorily convertible debentures of five special purpose vehicles (SPVs) by IndInfravit and allotment of...
Nissan takes $687 mln loss as sells Russian business for 1 euro
Nissan Motor Co Ltd will hand over its business in Russia to a state-owned entity for 1 euro ($0.97), it said on Tuesday, taking a loss of around $687 million in the latest costly exit from the country by a global...
Germany’s SLM recommends shareholders accept Nikon takeover offer
The board of German 3D metal printing machine maker SLM Solutions Group AG on Tuesday recommended that its shareholders accept a takeover offer from Japanese camera maker Nikon Corp. Nikon announced last month its plans...
Midsize Florida law firm Gunster merges with small Tampa firm
Florida business law firm Gunster said Monday that it has added 22 attorneys through a merger with a Tampa-based firm formerly known as Barnett, Kirkwood, Koche, Long & Foster. The firms completed the deal on Oct...
Crypto exchange Huobi’s Li to sell his entire stake to buyout firm
Cryptocurrency exchange Huobi Global said its founder had agreed to sell his controlling stake in the China-based company to buyout firm About Capital Management (HK) Co. Upon completion of the transaction, the buyout...
Providence wins $1.3 bln auction for French software firm A2Mac1 – sources
Providence Equity Partners has entered exclusive talks to buy French automotive data firm A2Mac1 for about 1.4 billion euros ($1.36 billion), clinching one of Europe’s rare private equity buyouts in a tough...
Sterlite Technologies climbs 10% after divestment of stake in IDS UK
Shares of Sterlite Technologies rallied up to 10 per cent to Rs 182 in Thursday’s trade after the company sold its stake in Impact Data Solutions, UK (IDS UK) to Hexatronic Group AB. The divestment of the company’s...
Quess Corp to sell its stake in Simpliance Technologies for Rs 120 crore
Staffing and outsourcing service provider Quess Corp Ltd announced that it has entered into definitive agreements with Aparajitha Corporate Services to divest its stake in digital risk and compliance service company...
Mizuho Securities to buy 20% of Rakuten Securities for $550 mln
Mizuho Financial Group’s securities unit will acquire a 19.99% stake in Rakuten Securities from its parent Rakuten Group for 80 billion yen ($552 million) to beef up its online brokerage business, the companies...
Brazil’s Copel to buy wind farms for $345 million
Brazilian power company Copel is set to acquire two wind farms in a deal valued at 1.8 billion reais ($344.68 million), it said on Thursday. The wind farms, bought from EDP Renovaveis Brasil, are located in the northern...
Two SPACs backed by Bill Foley seek shareholder nod to liquidate
Two blank-check companies backed by veteran investor Bill Foley, which together raised over $2 billion in their share sales, plan to shutter by the end of the year, the firm’s sponsors said on Monday, as market...
