Dubai-based Sidara is considering reducing the price of its takeover bid for Wood Group, as Britain’s financial watchdog has launched a probe into the oilfield services provider, the Financial Times reported on...
Italy’s Saipem, Norway’s Subsea 7 confirm merger to create energy services leader
Italy’s Saipem and its Norwegian rival Subsea7 announced on Thursday a merger to form a leading global player in offshore energy services. The merger terms align with those outlined in February’s memorandum...
Adani group seeks Competition Commission’s nod to acquire Jaiprakash Associates
Billionaire Gautam Adani-promoted Adani group on Tuesday sought approval from the Competition Commission of India (CCI) to acquire Jaiprakash Associates Ltd. The development came after Adani group reportedly made an...
Bain Capital sells 3.7% stake in 360 ONE WAM for Rs 1,741 crore
Private equity major Bain Capital on Tuesday divested a 3.71 per cent stake in wealth management firm 360 ONE WAM for Rs 1,741 crore through open market transactions. Following the stake sale, shares of 360 ONE WAM fell...
Brazil’s Totvs agrees to buy StoneCo’s Linx unit
Brazilian software company Totvs has agreed to buy StoneCo’s Linx unit in a deal worth 3.05 billion reais ($547.90 million), it said on Tuesday, adding that it expects the move to strengthen its position in the...
Synovus explores potential merger options after drawing takeover interest, Bloomberg News reports
U.S. regional lender Synovus Financial is exploring options including a potential merger after drawing takeover interest, Bloomberg News reported on Tuesday, citing people familiar with the matter. The Columbus, Georgia...
Apple supplier Goertek to buy Luen Fung Commercial’s units for $1.3 billion
Apple supplier Goertek Inc said on Tuesday it plans to buy two units of Hong Kong’s Luen Fung Commercial Holdings for about combined HK$10.4 billion ($1.32 billion). The acquisition of Mega Precision Technology...
Titan to acquire 67% stake in Dubai-based Damas for $283 million in strategic Gulf expansion
Tata-owned Titan Company Ltd on Monday announced acquisition of 67% stake in Dubai-based luxury jewellery retailer Damas LLC (UAE) for $283.2 million (around Rs 2435.5 crore) in an all-cash deal to expand its presence...
Australia’s Insignia agrees to $2.2 billion CC Capital bid, below peak offer
Australia’s Insignia Financial on Tuesday agreed to an A$3.3 billion ($2.15 billion) takeover by investment manager CC Capital Partners, marking the end of a protracted takeover rally that saw the final offer come...
Apax Partners to buy Apax Global Alpha in $1.1 billion deal
London-based private equity firm Apax Partners has agreed to acquire Guernsey-based investment company Apax Global Alpha (AGA) for about 916.5 million euros ($1.07 billion), the companies said on Monday. Shares of the...
Adevinta sells its Spanish business to Sweden’s EQT for $2.3 billion
Norwegian online classifieds group Adevinta said on Monday it had sold its Spanish business to Swedish private equity firm EQT to focus more on its remaining European units. The deal gave the Spanish business an...
Jungheinrich signs deal to sell Russian unit, adjusts forecast for 2025
German forklift truck maker Jungheinrich said on Monday it had agreed to sell its Russian unit to a Russian financial investor and asset manager, and was cutting its full-year profit forecast as a result. Due to the...
