South Korean e-commerce company Naver Corp announced a $1.2 billion purchase of U.S. fashion resale platform Poshmark Inc but investors questioned the timing of its biggest acquisition amid a slowing economy and sent...
Complete Solaria to go public via $888 million SPAC deal
Solar technology firm Complete Solaria Inc has agreed to go public in the United States through a merger with a blank-check vehicle in a deal valued at about $888 million, the companies said on Monday. The deal with...
Family of French billionaire Pinault strikes wine merger deal
The family of French luxury goods billionaire Francois Pinault, whose main business interest is the fashion company Kering, has struck a new wine deal bringing various top brands together, the parties involved said on...
Premji Invest looks to buy majority stake in Sleep Co
Premji Invest Opportunities Fund has emerged as the frontrunner to buy a significant majority stake in mattress startup The Sleep Company, at least three people aware of the deal said. The fund, which is part of Wipro...
True North acquires minority stake via own fund in Accion Group for $93 mn
India-based private equity player True North has invested $93 million in Pittsburgh-based digital engineering company Accion Group. True North has routed this transaction through its Indium VI (Mauritius) Holdings fund...
Kinder Morgan sells half its stake in LNG facility in Georgia for $565 mln
U.S. pipeline operator Kinder Morgan Inc said it had sold half its stake in a liquefied natural gas facility in Georgia to an undisclosed buyer for about $565 million and would use the funds to pay short-term debt and...
Jubilant Foodworks completes acquisition of 29.42% in Roadcast Tech Solutions
Domino’s Pizza, Dunkin’ Donuts, and Popeyes franchiser, Jubilant Foodworks completed the acquisition of a 29.42% stake in Roadcast Tech Solutions on Monday. In July, the food service company signed a share...
Santos gets $1.1 bln offer for 5% stake in PNG LNG from state-owned Kumul
Santos Ltd has received a $1.1 billion binding offer from Papua New Guinea’s state-owned Kumul Petroleum for a 5% stake in PNG liquefied natural gas (PNG LNG) project, the country’s biggest resources project...
LXi REIT scraps deal to buy Sainsbury’s stores
Property investor LXi REIT said it is pulling out from a deal to buy Sainsbury’s stores in southern England after suspending equity funding, citing stock market volatility. LXi had last Wednesday said it was in...
LDC in agreement to buy Longriver Farms’s Emerald Grain
The Asian branch of global crop merchant Louis Dreyfus Company (LDC) said on Monday it had entered into an agreement with Longriver Farms for the acquisition of Australian grain handler Emerald Grain. The agreement is...
European lottery group Allwyn and SPAC call off deal
European lottery group Allwyn Entertainment and the blank-check company that would have seen its shares list in New York said on Friday they decided to cancel their deal, citing volatile market conditions. Allwyn struck...
European lottery group Allwyn calls off SPAC deal to list on NYSE
European lottery group Allwyn Entertainment said on Friday it has called off its deal with a blank-check company that would have seen its shares list in New York, citing volatile market conditions. Allwyn struck a...
