KICL, the flagship company of the diversified D C Kothari Group, acquired footwear brands Zodiz and Jeetlo for an undisclosed sum, further expanding its presence in the mass-market footwear segment, an official said...
IFL Enterprises board approves 12% stake purchase by Uniqube Global
Agri commodity exporter IFL Enterprises on Friday said its board has approved a proposal from Singapore-based UNIQUBE Global Managed Services to acquire a 12% stake in the company. “The board in its meeting held...
Bajaj Indef Acquires 80% Stake in Daedalus to Strengthen ‘Make in India’ Leadership
Bajaj Indef, a trusted leader in the material handling solutions space, has announced the acquisition of an 80% equity stake in Daedalus Lift & Access Equipments Pvt. Ltd., a pioneering manufacturer of Aerial Work...
Prosus set to win EU nod for $4.74 billion Just Eat deal, sources say
Dutch technology investor Prosus is set to win EU antitrust approval for its 4.1 billion euro ($4.7 billion) bid for Just Eat Takeaway, after agreeing to sell down its stake in Delivery Hero, people with direct...
McDermott and Schulte complete latest US law firm merger
U.S. law firms McDermott, Will & Emery and Schulte Roth & Zabel have completed their planned merger, as firms’ appetite for greater legal market share and a strong New York presence continues to drive...
Goldman Sachs poised to buy into ice cream maker Froneri at $17.13 billion valuation, FT says
Goldman Sachs is poised to buy into ice cream maker Froneri at a 15-billion-euro ($17.13 billion) valuation including debt, the Financial Times reported on Friday. Reuters could not immediately verify the report. The...
Star Entertainment’s Brisbane casino deal collapses; shares hit record low
Star Entertainment’s planned 50% stake sale in its A$3.6 billion ($2.32 billion) Brisbane resort failed after its Hong Kong-based investors looking to exit the joint venture refused to extend talks, it said on...
Bridgewater founder Ray Dalio sells remaining stake in hedge fund, letter says
Investor Ray Dalio sold his remaining stake in Bridgewater Associates, the hedge fund he founded 50 years ago, according to a letter sent to investors, while Brunei’s sovereign fund acquired a minority stake in...
Blackstone emerges as frontrunner to buy Enverus, sources say
Blackstone Inc has emerged as the frontrunner to buy energy-focused data provider Enverus for around $6 billion, according to sources familiar with the matter. Reuters reported in May that Hellman & Friedman was...
Canada’s Brookfield to buy UK’s Just Group for $3.2 billion
Canada’s Brookfield Wealth Solutions agreed to acquire Just Group for 2.4 billion pounds ($3.18 billion) as part of its expansion into the UK pension risk market, sending the British insurer’s shares to an...
CSX working with Goldman Sachs to explore strategic options, Bloomberg News reports
Railroad operator CSX is working with Goldman Sachs to explore strategic options following a merger between its two major rivals, Bloomberg News reported on Thursday, citing people familiar with the matter. Union...
Law firm Wilson Sonsini sells legal tech unit SixFifty to Paychex
U.S. law firm Wilson Sonsini Goodrich & Rosati has sold its technology unit SixFifty to human resources software firm Paychex, calling it one of the largest-ever deals for a law firm tech subsidiary. Wilson Sonsini...
