Swedish self-driving truck startup Einride said on Tuesday it had spun off its design business and sold a majority stake in the new company to Navisalma Design. “Einride will retain a minority ownership stake in...
Hillhouse buys minority stake in Carlyle-backed Quest Global at $4.5b valuation
Singapore-based Hillhouse Investment has acquired a minority stake in Carlyle-backed engineering services provider Quest Global. The companies did not disclose the size of the stake and deal value, in a joint statement...
Zurich Insurance to buy Australia’s ClearView Wealth for $288 million
Australian life insurer ClearView Wealth said on Tuesday it has agreed to be acquired by a local unit of Zurich Insurance Group, Europe’s second-largest insurer by market value, for A$408.3 million ($288.30...
Citi signs deal to sell 24% equity stake in Banamex
Citigroup said on Monday it had entered into agreements to sell a 24% stake in Banamex to a group of institutional investors and family offices for around $2.5 billion. Among the investors were U.S. private equity firm...
Gilead to buy cancer therapy developer Arcellx for up to $7.8 billion
Gilead Sciences will pay as much as $7.8 billion to acquire partner Arcellx in its largest deal since 2020, the biopharma company said on Monday, as it looks to strengthen its lineup of cancer treatments. The company...
Ireland, Finland, others warn against relaxing EU merger rules
Finland, Ireland, the Czech Republic and two Baltic countries have warned against loosening EU merger rules in response to calls by some companies for easier regulatory scrutiny of their deals in order to better compete...
Johnson Matthey accepts 26% price cut on Honeywell deal as catalyst unit underperforms
Johnson Matthey on Monday agreed to cut the sale price of its catalyst technologies business to Honeywell by 26% as the unit’s profitability weakened, sending its shares down over 17%. The British chemicals...
Canada’s Cando Rail & Terminals to buy US rail assets of Savage Enterprises
Canadian railroad contractor Cando Rail & Terminals will buy the U.S. rail assets of Savage Enterprises as it expands its footprint across the U.S., Cando announced on Monday. Financial terms were not disclosed. The...
Keurig Dr Pepper secures additional $1.5 billion funding for JDE Peet’s buyout
Keurig Dr Pepper said on Monday it had raised an additional $1.5 billion of equity funding from long-term investors as part of its financing plan for the roughly $18 billion acquisition of Dutch coffee giant JDE...
TXNM Energy gets FERC approval for $11.5 billion Blackstone deal
TXNM Energy on Friday said the U.S. Federal Energy Regulatory Commission (FERC) had authorized the company’s acquisition by Blackstone Infrastructure. Last year, Blackstone agreed to acquire the utility company in...
DAE Capital nears deal to buy aircraft leasing firm Macquarie Airfinance, sources say
Dubai-based aircraft lessor DAE Capital is closing in on a deal to buy control of leasing platform Macquarie AirFinance, two industry sources said. The two firms did not immediately respond to a request for comment. In...
ConocoPhillips considers selling Permian assets worth $2 billion, Bloomberg News reports
ConocoPhillips is exploring a sale of some of its Permian Basin assets as part of a broader streamlining of its portfolio, Bloomberg News reported on Friday, citing people familiar with the matter. The assets, picked up...
