The trust bank unit of Japan’s Sumitomo Mitsui Trust Group will acquire a 15% stake in infrastructure investment manager Morrison and make an initial $500 million commitment to two Morrison strategies, the...
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Onsemi to sell two chipmaking plants to cut costs
Chipmaker Onsemi on Tuesday said it will sell two manufacturing facilities as part of a broader push to cut costs and boost profit margins. Shares of the company were down more than 3% in premarket trading. They have...
MasTec to buy Superior Group in $1.65 bln deal to expand data center business
Infrastructure engineering and construction firm MasTec said on Tuesday it would acquire electrical contractor Superior Group in a $1.65 billion cash-and-stock deal, expanding its capabilities in the fast-growing data...
Prestige Estates buys 50% stake in Advent Convention and Hotels International for Rs 504 crore
Realty firm Prestige Estates Projects Ltd has acquired 50 per cent stake in Advent Convention and Hotels International Ltd for Rs 504 crore as parts of its expansion plan. Bengaluru-based Prestige Estates has entered...
Saints & Masters Acquires Xencia, Targets ₹1,000-Crore Revenue from Microsoft Cloud Business
Saints & Masters (S & M), a leading global technology advisory and execution firm with a strong focus on cloud services and AI-led innovation, has acquired the entire stake in the Bengaluru-based cloud and AI...
TPG partners ICICI Bank, GIC to acquire Aseem Infra Finance from NIIF
Global private equity firm TPG on Monday announced it will buy 100 per cent stake in Aseem Infrastructure Finance from NIIF and others for an undisclosed sum. TPG said it has partnered with Singapore’s GIC and...
SMARTWORKS completes acquisition of Singapore-based Workstudio Spaces
Smartworks Coworking Spaces announced the completion of its acquisition of Workstudio Spaces (Workstudio), a Singapore-based coworking and flexible workspace provider, through its wholly owned subsidiary, Smartworks...
Govt to sell 5% stake in Cochin Shipyard at ₹1,400 per share via OFS
The government will sell up to 5 per cent stake in Cochin Shipyard at a floor price of Rs 1,400 per share through an offer for sale beginning Tuesday. The “government announces offer for sale in Cochin Shipyard...
Fiserv exploring sale of debit card network to big US banks, source says
Payments firm Fiserv has held talks with U.S. banks, including JPMorgan and Bank of America to sell its payments infrastructure business that handles debit card transactions, a source familiar with the matter said on...
Vista Equity, Quinti Capital offer to buy French adtech firm Criteo, sources say
Vista Equity Partners and investment firm Quinti Capital have offered to acquire French advertising-technology company Criteo, two sources familiar with the matter said Monday. The firms submitted an offer last week...
Private equity firm EQT to buy Australian parking tech provider Orikan
Sweden-based investment firm EQT said on Monday it will buy Melbourne-based parking and compliance technology provider Orikan, extending a run of regional deals. Here are some details: EQT said the acquisition will...
Baskin Robbins’ operator keen on Dunkin’ India ops
Baskin Robbins’ operator Graviss Group is in talks to acquire the India rights for donut-and-coffee chain Dunkin’ from the latter’s global parent Inspire Brands, said people aware of the development...
