American private equity firm Warburg Pincus is said to evaluate a proposal to purchase a majority equity stake in Nuvama Wealth Management with promoter entity Pagac Ecstasy Pte Ltd looking to offload its 54% stake...
BAT may begin phased stake sale in ITC Hotels: Sources
British American Tobacco (BAT) is likely to begin a phased sale of its stake in ITC Hotels, following the hospitality company’s demerger from ITC Limited earlier this year, sources told ET NOW. The sale could...
Japan’s Mizuho is said to be on cusp of buying Indian investment bank Avendus
Mizuho Financial Group Inc. is on the verge of buying a majority stake in investment bank Avendus Capital Pvt, people familiar with the matter said, in what would be the latest acquisition by a Japanese bank in India...
Motherson’s Marelli takeover faces US hedge fund bump
Samvardhana Motherson is bracing for battle with US distressed debt hedge fund Strategic Value Partners (SVP) over the acquisition of Marelli Holdings, a Japanese car parts supplier owned by private equity group KKR...
Kaynes Semicon, L&T arm to acquire Fujitsu General’s power modules business
Kaynes Semicon and L&T Semiconductor Technologies (LTSCT) are acquiring Japanese Fujitsu General’s power modules business for Rs 118.34 crore. Fujitsu will transfer the business to Larsen & Toubro’s...
Byju’s sells US edtech units Epic, Tynker at deep discount
Troubled ed-tech firm Byju’s has reportedly been forced to part with two of its U.S.-based subsidiaries by its term loan B (TLB) lenders as part of an asset unwinding process, according to reports by EdWeek Market Brief...
1Point1 Solutions Amplifies AI Capabilities with TECHSCIENT.AI Acquisition
In a significant move to bolster its AI-driven automation capabilities, One Point One Solutions Ltd. has announced the acquisition of a majority stake in TECHSCIENT.AI Private Limited. Acquiring TECHSCIENT.AI, an AI...
DxMinds Innovation Labs Pvt Ltd Merges with Indo Sakura Software Japan K.K.
The DxMinds and indo-sakura merger boosts bangalore’s mobile app development and launches SourceBytes.AI and BluePrintEditor.AI to drive Global Innovation. 𝗞𝗲𝘆 𝗛𝗶𝗴𝗵𝗹𝗶𝗴𝗵𝘁𝘀 𝗼𝗳 𝘁𝗵𝗲 𝗠𝗲𝗿𝗴𝗲𝗿 ✅ 𝗘𝗻𝗵𝗮𝗻𝗰𝗲𝗱 𝗚𝗹𝗼𝗯𝗮𝗹 𝗥𝗲𝗮𝗰𝗵:...
Honeywell Acquires Pump, Compressor Maker Sundyne for $2.2B
Honeywell has purchased one of the energy industry’s largest pump and compressor manufacturers, Sundyne, for $2.16 billion from private equity firm Warburg Pincus, Honeywell said on June 9. The move follows Honeywell’s...
Mizuho to acquire Avendus from KKR at $700 million valuation
Mizuho Financial Group is set to acquire KKR-backed Avendus Capital, valuing the homegrown investment bank at Rs 6,000 crore ($700 million), ending months of protracted negotiations with several twists and turns, said...
Redwing Acquires Assets of Swedish Drone Delivery Startup Aerit, Adding European Entry and ML-Based Flight Routing Capabilities
Redwing, a leading provider of drone-based instant logistics solutions from India, today announced the strategic acquisition of the assets of Aerit, a Swedish drone delivery startup recognized for its advanced...
Aditya Birla Group expands US footprint with acquisition of Cargill’s chemical facility
Aditya Birla Group has made a significant move in the US chemicals industry by acquiring Cargill Incorporated’s specialty chemical manufacturing facility in Dalton, Georgia. This acquisition marks a strategic expansion...
