British meal delivery company Deliveroo said on Friday it received a proposal from U.S. peer DoorDash on April 5 to buy all of its shares for 2.7 billion pounds ($3.60 billion). Deliveroo announced that its board has...
UK’s DCC to sell its healthcare division for $1.41 billion
British sales and marketing services provider DCC on Tuesday said it will sell its healthcare division to private equity firm Investindustrial Advisors’ investment unit for a total enterprise value of 1.05 billion...
Asian Energy acquires 100% stake in Kuiper Group for $9.25 million
Asian Energy Services said that it has acquired 100% stake in UAE-based Kuiper Group from Gulf Capital (a marquee private equity fund), for a consideration of $9.25 million in an all-cash deal. The acquisition is...
German Tech Rental Firm Grover Nears Restructuring Deal in Court
Electronics-rental company Grover Group is nearing a restructuring deal that will see some creditors take over the majority of the equity of the German startup. Investors led by Fasanara Capital and M&G are poised...
KFin Technologies to acquire 51% stake in Singapore-based Ascent Fund Services
KFin Technologies has entered into a definitive agreement with Ascent Fund Services (Ascent) to acquire controlling stake of 51% for US$ 34.7 million, with a path to 100% ownership over the next five years. Post this...
KPMG US and UK units buy 33% stake in India’s KGS for $210 million in first Big Four captive divestiture
The US and UK entities of KPMG International paid $210 million (about ₹1,808 crore) to jointly acquire a 33% stake in KPMG Global Services (KGS), from the professional services giant’s member firm in India, said...
NCLT dismisses insolvency plea against Zomato over alleged payment default
The National Company Law Tribunal (NCLT) Delhi on Thursday dismissed an insolvency plea filed against food delivery giant Zomato by uniform supplier Nona Lifestyle over an alleged payment default of ₹1.64 crore. The...
Billionaire Kretinsky secures regulatory approval for Royal Mail takeover bid
Czech billionaire Daniel Kretinsky’s takeover of Royal Mail-owner International Distribution Services has cleared all regulatory conditions, his company EP Group said on Thursday. The offer may become or be...
Grab and GoTo in advanced merger talks, sources say
Southeast Asian ride-hailing and food delivery company Grab is in advanced talks to merge with its smaller Indonesian rival GoTo as the firms seek to stem years of losses, two sources familiar with the matter told...
Oyo early investors consider partial stake sale at $3.9 billion valuation
Early investors in Oyo, including Lightspeed Venture Partners, are reportedly in discussions with family offices to sell part of their stakes in the hospitality startup. According to The Economic Times, the valuation...
Taiwan blocks Uber’s $950 mln Foodpanda deal over competition concerns
Taiwan has blocked Uber Technologies’ $950 million purchase of Delivery Hero’s Foodpanda business on the island because of concerns it would be anti-competitive, the Fair Trade Commission (FTC) said on...
Oyo buys US-based G6 Hospitality from Blackstone for $525 mn, adds 1,500 hotels
Ritesh Agarwal-led Oyo has completed the acquisition of US-based G6 Hospitality, which operates the Motel 6 and Studio 6 brands, from Blackstone Real Estate for $525 million and the deal is projected to increase its...
