Unacademy has held extended discussions with offline test preparation centre Allen Career Institute for a potential sale that could value the edtech firm at $800 million, or less than a quarter of its peak valuation of...
Acre ARC wins bid to take over Essel Groups’ bad loans
Acre ARC has emerged as the successful bidder to take over the ₹1,350 crore debt of Subhash Chandra’s Essel Group and also ₹2,613 crore debt of a portfolio of retail and SME loans from JC Flowers ARC (JCF) as the...
CyberProof Acquires Interpres Security to Bolster Its Cybersecurity Portfolio
CyberProof Inc., a UST company, announced today the acquisition of Interpres Security, a Gartner-recognized vendor in Continuous Threat Exposure Management (CTEM) and Automated Security Control Assessments (ASCA). This...
L&T to acquire 21% stake in E2E Networks in two-part Rs 1,406 crore deal
Engineering conglomerate Larsen & Toubro (L&T) on Tuesday announced it will acquire a 21 per cent stake in Indian Cloud and AI Cloud provider E2E Networks, in an all-cash transaction of Rs 1,406 crore. The...
Insight Partners sells $2 bln stake in data firm Veeam at $15 bln valuation
U.S. private equity firm Insight Partners has sold a $2 billion stake in cloud data company Veeam Software in a secondary sale valuing the firm at $15 billion, it said on Wednesday. Veeam, a former Swiss firm now...
General Atlantic to buy UK’s Learning Technologies for $1 bln
U.S. private equity firm General Atlantic has struck a deal to buy Learning Technologies Group (LTG) for 802.4 million pounds ($1 billion), betting on rising training requirements for large corporations as they adapt to...
Russia approves $320 mln sale of Carlsberg assets to local businessmen, document shows
Russia’s government has approved the sale of Danish brewer Carlsberg’s assets in Russia to VG Invest, a local firm with links to brewery holdings, for 34 billion roubles ($320.75 million), a government...
Allen Institute held talks to acquire Unacademy valuing edtech firm at $800 million in a cut-price deal: s
Unacademy has held extended discussions with offline test preparation centre Allen Career Institute for a potential sale that could value the edtech firm at $800 million, or less than a quarter of its peak valuation of...
Amagi acquires Argoid AI to address streaming industry challenges
Amagi, a Bangalore-based unicorn and global leader in cloud-based SaaS technology for broadcast and connected TV (CTV), has acquired Argoid AI, a cutting-edge AI company specialising in recommendation engines and...
TPG explores $1.5 billion-plus sale of gym chain Crunch Fitness, sources say
Buyout firm TPG is weighing a potential sale of Crunch Fitness that could value the gym chain at more than $1.5 billion, including debt, people familiar with the matter told Reuters on Tuesday. TPG, which acquired...
UK competition watchdog looks into $3.32 bln Blackrock-Preqin deal
Britain’s competition regulator said on Tuesday it was considering whether asset management firm BlackRock’s 2.55 billion pound ($3.23 billion) acquisition of UK data firm Preqin would raise competition...
Pricol to acquire SACL’s injection moulding business
Pricol announced the proposed acquisition of Sundaram Auto Components (SACL)’s Injection Moulding business through Pricol Precision Products (a wholly owned subsidiary of Pricol). With this acquisition, Pricol...
