The Spanish government will open a public consultation over the proposed acquisition of Banco Sabadell by its larger rival BBVA, Prime Minister Pedro Sanchez said on Monday. “The Spanish government will open...
Tech Mahindra to acquire 100% stake in Mahindra Racing UK for Rs 13.5 cr
Tech Mahindra on Friday said its wholly owned subsidiary, Tech Mahindra London Ltd (TMLL), has entered into a definitive agreement to acquire Mahindra Racing UK Ltd (MRUK) from Mahindra Overseas Investment Company...
Anduril to acquire Ireland’s Klas to bolster AI warfare systems
AI-powered defense startup Anduril Industries on Monday said it has entered into a definitive agreement to acquire Ireland-based tactical communications systems maker Klas. Anduril, along with software maker Palantir...
Buyout firm Apax favorite to win Finastra unit in $2 billion deal, sources say
Private equity firm Apax Partners has emerged as the frontrunner to buy Finastra’s treasury and capital markets (TCM) business for around $2 billion including debt, people familiar with the matter said on Friday...
Meiji, Lactalis, Saputo, Warburg may bid in Fonterra’s $2.4 billion sale, sources say
Companies including Japan’s Meiji, French group Lactalis and Canada’s Saputo are considering bidding for the units dairy giant Fonterra is seeking to divest, two sources with knowledge of the matter said...
After Pebble, Mensa looks to sell its Renee stake
Mensa Brands has sold its stake in wearables maker Pebble and is looking to exit Renee Cosmetics, as the brand aggregator looks to cash out of some of its recent investments. The company also plans to raise $100 million...
Hexa Climate Solutions acquires Fortum’s green energy portfolio in India
Hexa Climate Solutions Pvt. Ltd, a I Squared Capital portfolio company, has acquired the renewable energy development portfolio of Finland-based Fortum in India. Under the terms of the transaction, Hexa Climate...
Australia’s Platinum in talks to be swallowed up by L1 Capital
Australian fund manager Platinum Asset Management said on Thursday it was in talks with investment manager L1 Capital on a deal to create an A$18 billion ($12 billion) funds management group. While the financial terms...
GlobalData gets takeover proposals from funds managed by ICG, KKR
Britain’s GlobalData said on Wednesday it had received preliminary takeover proposals from funds managed by private equity groups ICG and KKR, sending its shares up as much as 35.9%. The data analytics and...
Blackstone explores $3 billion sale of sustainability software firm Sphera, sources say
Blackstone is exploring a $3 billion sale of Sphera, a sustainability software and consulting services provider, according to three people familiar with the matter. The private equity firm has hired investment bankers...
Chinese sovereign fund CIC to sell $1 billion of US private equity investments, sources say
Chinese sovereign investor China Investment Corporation (CIC) is selling about $1 billion of its private equity (PE) investment portfolio in the secondary market, two people with knowledge of the matter said. The assets...
Perfios acquires healthcare information exchange platform IHX
Perfios, a provider of software services to banks and financial services companies, has acquired IHX, a healthcare information exchange platform, marking its third acquisition in two months. The financial terms of the...
