Ronnie Screwvala-led Upgrad would acquire Unacademy in an all-stock deal, according to the SoftBank-backed test prep company’s founder Gaurav Munjal. “Neither side will disclose the valuation until closing, when...
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Perpetual to sell wealth management arm to Bain Capital for $350 million upfront
Australia’s Perpetual Limited said on Monday it agreed to sell its wealth management business to private equity firm Bain Capital for an upfront cash payment of A$500 million ($350 million). The deal also...
Malaysia’s IJM board calls Sunway’s $2.8 billion takeover bid ‘not fair’, urges rejection
Malaysia’s IJM Corp said on Friday its board has urged shareholders to reject a roughly 11 billion ringgit ($2.80 billion) takeover offer from conglomerate Sunway, after an independent adviser said the offer...
Besi fields takeover interest on surging demand for advanced chip packaging, sources say
BE Semiconductor Industries has attracted takeover interest as its chip-packaging technology becomes increasingly strategic for semiconductor equipment manufacturers, according to three people familiar with the matter...
Ferretti adviser calls KKCG’s stake-raise offer unattractive
Italian yacht maker Ferretti on Friday said an independent financial adviser has called Czech investment group KKCG’s offer to double its stake in the firm “not attractive.” In a statement, Ferretti...
CARS24 acquires Vehicle Info to build full-stack vehicle ownership platform
CARS24 has acquired automotive utility app Vehicle Info as part of its strategy to build what it describes as India’s first full-stack vehicle ownership platform, the company said on Thursday. The move marks a shift for...
Abivax denies AstraZeneca takeover rumors reported by French media
Biotechnology company Abivax on Thursday dismissed a report by French media publication La Lettre saying it had granted AstraZeneca exclusive access to confidential information until March 23 to allow the British...
Varun Beverages to acquire additional 23% stake in Jager Renewables Two (SPV)
Varun Beverages has approved the acquisition of an additional 23% equity share capital of Jager Renewables Two (a special purpose vehicle engaged to generate & supply solar power to consumers in the state of...
SBI ties up with MUFG Bank to finance M&A, aviation and real estate deals
State Bank of India has entered into a strategic partnership with MUFG Bank to collaborate on financing mergers and acquisitions, aviation and real estate projects to support Indian and global clients, the lenders said...
Qatari-backed Irth Capital offers $47 a share to buy Papa John’s, sources say
Qatari-backed investment fund Irth Capital this month offered to pay $47 a share to buy Papa John’s International, in a second attempt after it tried to buy the pizza chain alongside Apollo Global Management...
Kedaara Capital gears up to sell Universal NutriScience for Rs 3,000 crore
Kedaara Capital, the homegrown private equity firm with about $5.5 billion in assets under management, along with other investors, is preparing to sell Universal NutriScience (UNS), one of India’s fast-growing...
US beauty major Estee Lauder to acquire Ayurveda brand Forest Essentials
American beauty major, the Estée Lauder Companies, is set to acquire Forest Essentials. Estée Lauder said it has entered into an agreement to buy out the remaining 51 per cent stake in the Indian luxury Ayurveda brand...
