Chinese tech giant Alibaba Group Holding Ltd. is in talks to buy the upper 13 floors of One Causeway Bay in Hong Kong, in a deal worth about HK$7 billion ($900 million), the Hong Kong Economic Times reported, citing...
Veritas-Backed Software Provider Anthology Files for Bankruptcy
Anthology Inc., the Veritas Capital-backed education-software provider, sought Chapter 11 bankruptcy protection in the US after a failed attempt to sell the company or parts of the business outside of court protection...
Activist Irenic builds stake in Workiva, pushes for board seats
Irenic Capital Management built a sizable stake in Workiva, arguing the financial reporting software maker needs to improve its operating efficiency, refresh its board and consider a potential sale. Irenic owns roughly...
Ares Management to acquire Meade Pipeline for $1.1 billion
Ares Management said on Monday its infrastructure funds have bought Meade Pipeline for about $1.1 billion, adding a key natural gas asset to its U.S. energy business as demand for power and gas surges. The investment...
Elliott explores options for British data centre firm Ark, sources say
Elliott Investment Management is exploring strategic options for its UK-based Ark Data Centres in a possible sale that could fetch more than 3 billion pounds ($4.00 billion), according to two people with knowledge of...
Madhvani Group’s INSCO completes acquisition of Hindustan National Glass under IBC
Independent Sugar Corporation Limited (INSCO), part of the Uganda-based Madhvani Group, on Saturday announced that it has completed the acquisition of Hindustan National Glass & Industries Limited (HNGIL) through...
Telangana govt to acquire L&T’s stake in Hyderabad Metro Rail project for Rs 2000 cr
Telangana government has agreed to take over Phase-I of the Hyderabad Metro Rail project from L&T Group by paying Rs 2,000 crore for the equity in the concessionaire L&T Metro Rail Hyderabad Ltd, official...
Prosus’ OLX to buy French classified platform La Centrale in $1.3 billion deal
Online marketplace OLX will buy French motors classified platform La Centrale for 1.1 billion euros ($1.3 billion), its owner Prosus said on Friday. Amsterdam-headquartered Prosus, which is majority-owned by South...
Private equity firm Novacap to buy Integral Ad Science for $1.9 billion
Private equity firm Novacap will buy Integral Ad Science in a deal valuing the target at around $1.9 billion, the digital ad verification company said on Wednesday. Novacap, having more than $10 billion in assets under...
Crisil to acquire McKinsey PriceMetrix Co
Crisil, an S&P Global Company, announced the acquisition of McKinsey PriceMetrix Co. (PriceMetrix), a leading provider of performance benchmarking and data-driven insights for the wealth management industry...
Continuum Green to acquire remaining 26% stake from CEIL
Continuum Green Energy Holdings would acquire the remaining 26% stake held by Clean Energy Investing (CEIL), an investment vehicle backed by Morgan Stanley Infrastructure Partners, marking the US investor’s exit...
Cerberus Capital, IFC to fund Madhvani group’s Hindusthan National Glass buyout
Cerberus Capital and World Bank arm, International Finance Corporation (IFC), have provided Madhvani group a Rs. 1600 crore loan for its planned takeover of Hindusthan National Glass and Industries Limited (HNG)...
