GrayMatter Software Services, a leading analytics products and services company known for enhancing passenger experiences and boosting airport ancillary revenues, has acquired the Houston-based Servy, the enterprise...
Cargotec to sell cargo business to Triton for over $500 mln
Finnish engineering firm Cargotec Corp said on Thursday it would sell its cargo handler business MacGregor to European private equity firm Triton in a deal valued at 480 million euros ($506 million), including debt. The...
In major Geely shake-up, EV brand Zeekr to take control of Lynk
China’s Geely said on Thursday its premium electric vehicle maker Zeekr plans to take control of Lynk & Co, a sister brand – the first big restructuring move in a planned overhaul for the sprawling...
Unilever explores sale of Dutch brands like Unox, Conimex, sources say
Unilever is exploring the sale of some of its Dutch food brands, three sources with knowledge of the process said, as part of a turnaround strategy led by CEO Hein Schumacher to focus on its biggest “power”...
Apax in the lead to buy Italy’s Quid Informatica as it builds financial IT hub, sources say
Apax Partners is the front runner to buy Italian IT solutions provider Quid Informatica, two sources close to the matter said on Thursday, after the private equity firm last week bought the IT assets of Milan-based...
General Mills to acquire Whitebridge Pet Brands for $1.45 bln
General Mills said on Thursday it would buy Whitebridge Pet Brands’ North American premium cat feeding and pet treating business in a transaction valued at $1.45 billion to broaden its portfolio and strengthen its...
Amundi acquired German’s Aixigo for 149 million euros
Europe’s biggest fund manager Amundi announced the acquisition of German technology company Aixigo for 149 million euros on Thursday. “Thanks to this new development, we will accelerate the deployment of...
Frontier shareholders approve $9.6 billion deal with Verizon
Frontier Communications shareholders have approved a $9.6 billion sale to Verizon, the company said on Wednesday, even as a number of large investors sought to get a higher price. Shareholders had until Wednesday to...
Italy’s Maire says Al Nowais buys 5% Nextchem stake, to target Middle East
Italy’s Maire said on Wednesday that Yousef Al Nowais had bought a 5% stake in Nextchem, valuing the engineering company’s subsidiary at 1.25 billion euros ($1.33 billion). Maire said Al Nowais, who became...
Saudi wealth fund PIF plans to raise $1.03 bln from 2% stake sale in STC
Saudi Arabia’s sovereign wealth fund PIF plans to raise 3.86 billion riyals ($1.03 billion) from a 2% stake sale in telecoms operator STC, after state television Ekhbariya said on Thursday the offering price was...
Thrive Capital in talks to invest about $1 bln in Databricks, Bloomberg News reports
Thrive Capital is in talks to acquire about $1 billion stake in analytics software maker Databricks in a deal that would value the startup at about $55 billion, Bloomberg news reported on Wednesday, citing people...
Charter to buy Liberty Broadband in all-stock deal
Cable operator Charter Communications has agreed to buy Liberty Broadband in an all-stock deal, the companies said on Wednesday. Liberty Broadband, which is controlled by U.S. cable pioneer John Malone, owns a 32.05%...
