Australia’s Macquarie Asset Management has called off plans to sell renewable energy platform Vibrant Energy due to a valuation mismatch in negotiations, said people aware of the development. Vibrant, a portfolio...
Indo Count acquires global home fashion brand Wamsutta
Indo Count, a global bed linen manufacturer and exporter, announced its strategic acquisition of the international home fashion brand Wamsutta from Beyond, Inc. Beyond, Bed Bath & Beyond, Baby & Beyond, Welcome...
Bharti Airtel’s merger deal with Dialog Axiata in Sri Lanka gets regulatory approval
Bharti Airtel’s definitive agreement to merge its Sri Lanka unit into market leader Dialog Axiata through an all-stock deal has received approval from the Telecommunications Regulatory Commission of Sri Lanka (TRCSL)...
Dailyhunt parent acquires Magzter, grows revenue from ads to subscriptions
VerSe Innovation, the parent firm of online news aggregator Dailyhunt and short-video platform Josh, on Wednesday said it has acquired New York-based digital magazine store Magzter. Founded in 2011, homegrown Magzter is...
Board of Infosys approves acquisition of in-tech Holding GmbH
The Board of Infosys at its meeting held on 17-18 April 2024 has approved the acquisition of in-tech Holding GmbH engaged in Engineering R&D services. This strategic investment further strengthens Infosys’...
ChrysCap buys small stake in generics company La Renon for Rs 600 cr
The homegrown PE fund ChrysCapital has invested about Rs 600 crore ($70 million) in Ahmedabad-based La Renon Healthcare, valuing it at $800 million. ChrysCap has acquired about 8% stake from the promoter family in a...
Japan’s MUFG set to pick 20% stake in HDFC Bank arm HDB Financial for $2 bn
Bank of Tokyo-Mitsubishi UFJ (MUFG) is buying a 20% stake in HDB Financial Services, a non-banking subsidiary of HDFC Bank at a $9-10 billion valuation, ahead of its proposed IPO, said people aware. The final decision...
TPG Growth circles VLCC as Carlyle looks to sell minority stake in wellness company
Private equity group Carlyle is in formal discussions with TPG Growth to sell at least 25-30% stake in VLCC Healthcare Ltd, within a year of acquiring the wellness, beauty products and services company, said people...
Warburg buys majority stake in ophthalmic device company Appasamy
US private equity firm Warburg Pincus has bought a majority stake in Chennai-based Appasamy Associates, India’s largest maker of ophthalmic equipment and intraocular lenses (IOLs). Financial details of the...
Warburg Pincus acquires Chennai’s Appasamy Associates
Warburg Pincus, a leading global investor, has acquired a stake in leading manufacturer of ophthalmic equipment and devices Appasamy Associates, stated a company release. Based in Chennai, Appasamy is the largest Indian...
STG acquires cloud-based solution provider Eka Software
US-based equity firm STG on Monday said it has acquired Eka Software Solutions and will merge the latter with its portfolio company, the Quor Group, to provide a broad software suite. Bengaluru-based Eka provides...
Xcelerate acquires stakeholder communications consultancy Stirrup Communication
Xcelerate, a Singapore-based GRC and ESG investment platform, has acquired a strategic equity stake in Stirrup Communication, India’s leading stakeholder communications consultancy, for an undisclosed amount...