U.S. private equity firm Insight Partners has sold a $2 billion stake in cloud data company Veeam Software in a secondary sale valuing the firm at $15 billion, it said on Wednesday. Veeam, a former Swiss firm now...
Novavax to sell Czech manufacturing unit to Novo Nordisk for $200 million
U.S.-based vaccine maker Novavax said on Wednesday it will sell its manufacturing facility in the Czech Republic to Wegovy maker Novo Nordisk for $200 million and use the proceeds for its vaccine pipeline. Novavax...
General Atlantic to buy UK’s Learning Technologies for $1 bln
U.S. private equity firm General Atlantic has struck a deal to buy Learning Technologies Group (LTG) for 802.4 million pounds ($1 billion), betting on rising training requirements for large corporations as they adapt to...
Russia approves $320 mln sale of Carlsberg assets to local businessmen, document shows
Russia’s government has approved the sale of Danish brewer Carlsberg’s assets in Russia to VG Invest, a local firm with links to brewery holdings, for 34 billion roubles ($320.75 million), a government...
TotalEnergies set to acquire renewable energy firm VSB Group for $2.1 bn amid Adani investment halt
Global energy giant TotalEnergies SE is close to acquiring VSB Group from private equity firm Partners Group Holding AG in a deal that values VSB at nearly $2.1 billion, Bloomberg reported on Tuesday, December 3, citing...
GM to sell its stake in Michigan battery plant to LG Energy Solution
General Motors said on Monday it will sell its stake in its joint venture battery plant in Lansing, Michigan to partner LG Energy Solution as the Detroit automaker trims its electric vehicle plans. GM expects to recoup...
Korean Air aims to complete protracted Asiana takeover next week
Korean Air expects to complete its drawn-out purchase of indebted South Korean rival Asiana Airlines next week, as long as U.S. anti-trust regulators do not object to the creation of one of Asia’s biggest carriers...
Crescent Energy expands in Eagle Ford basin with Ridgemar Energy deal
Crescent Energy said on Tuesday it would acquire Carnelian Energy Capital-backed Ridgemar Energy’s assets in the Eagle Ford basin in Texas for a cash-and-stock deal of $905 million, further strengthening its...
TPG explores $1.5 billion-plus sale of gym chain Crunch Fitness, sources say
Buyout firm TPG is weighing a potential sale of Crunch Fitness that could value the gym chain at more than $1.5 billion, including debt, people familiar with the matter told Reuters on Tuesday. TPG, which acquired...
UK competition watchdog looks into $3.32 bln Blackrock-Preqin deal
Britain’s competition regulator said on Tuesday it was considering whether asset management firm BlackRock’s 2.55 billion pound ($3.23 billion) acquisition of UK data firm Preqin would raise competition...
PZU considers selling Alior Bank stake to Pekao under new strategy
Poland’s top insurer PZU said on Monday it was considering selling its 32% stake in Alior Bank to Pekao, in which it holds 20%, as it seeks to simplify its structure under a new 2025-2027 strategy. PZU and Pekao...
Britain’s Supreme buys Typhoo Tea out of administration
Britain’s Supreme has bought out loss-making tea brand Typhoo Tea from administration in a 10.2 million pound ($12.94 million) deal, the fast-moving consumer products seller said on Monday. The 120-year-old tea...
