TotalEnergies is preparing to sell up to 6% stake in Adani Green Energy (AGEL), according to people familiar with the development. The French energy major currently holds almost 19% in Adani Group’s renewable energy arm...
Cross Border News
White Oak, Siguler Guff, Creador buy into La Renon Pharma
An investor consortium comprising White Oak Capital Management, US private equity firm Siguler Guff, and Kuala Lumpur-based Creador has acquired about 10% of the pharmaceutical company La Renon Healthcare, said people...
Kotak, Federal Bank in talks to acquire Deutsche Bank’s India retail & wealth portfolios
Kotak Mahindra Bank and Federal Bank are in the race to purchase the retail and wealth management businesses of Deutsche Bank in India, multiple people familiar with the matter told ET. This is the second attempt in...
Bajaj Auto completes majority acquisition of KTM after regulatory nod
Bajaj Auto Ltd has completed its acquisition of a majority stake in Austrian motorcycle maker KTM AG, after receiving the final approval from European regulators for its €800-million deal. The company confirmed the...
Japan’s Kirin in talks to pull out of Bira 91 maker B9 Beverages amid brewing financial strain
Japan’s Kirin Holdings, the largest investor in Bira 91 craft beer maker B9 Beverages, is in talks with the crisis-ridden brewer’s founder Ankur Jain to exit its investment, multiple people aware of the negotiations...
EQT, PAG, Blackstone, CVC among global PEs evaluating $1 bn ValueLabs buyout
Global private equity majors EQT Partners, PAG, Blackstone and CVC are among suitors in talks to acquire a controlling stake in software services firm ValueLabs from the promoters, according to three people with...
Permira, Carlyle, L Catterton, others eye 30% stake in iD Fresh at ₹4,500-cr valuation
iD Fresh, which makes ready-to-cook packaged food items, is in talks to sell about 30% stake in the company for around ₹1,200 crore to global private equity funds, including Permira, Apax, L Catterton and Carlyle...
Pro Fin Capital gets green signal from Excellence Creative for 25 pc stake buy
Pro Fin Capital Services Ltd said it has received a Letter of Intent (LoI) from Hong Kong-based Excellence Creative Ltd to acquire up to 25 per cent stake in the latter for Rs 22 crore. The LoI, received on November 13...
Stake sale or merger: Grant Thornton is said to study options for $2 billion India unit
Grant Thornton International Ltd. is considering options for its Indian unit, including a possible minority stake sale or a merger with its operations in the US or Europe, according to a senior executive in India. “We...
Fairfest Announces the Acquisition of WTE Miami
Fairfest Media, organizers of OTM, the leading travel show in Asia, today announced the acquisition of WTE Miami, the fastest-growing travel trade show in the United States. The acquisition marks a milestone in...
Advent, Warburg join race for stake in Encube Ethicals
Global private equity firms Advent International and Warburg Pincus have joined the race for a stake purchase in contract drug maker Encube Ethicals Pvt. Ltd, three people aware of the development said. Apart from...
Prosus’ arm seeks CCI nod for raising stake in Rapido
An arm of Dutch investment firm Prosus has sought the approval of the Competition Commission of India (CCI) to acquire an additional stake in ride-hailing and delivery services startup Rapido. In a filing with the...
