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...
Strata Geosystems Acquires India-Based Venus Interlinings to Strengthen Geotextiles Presence
Strata Geosystems today announced the strategic acquisition of Venus Interlinings, a leading India-based manufacturer of advanced non-woven geotextiles and technical textiles. – Expands Manufacturing Footprint...
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...
UPL to spin off UPL Global, CEO Jai Shroff calls reorganisation ‘shareholder friendly’
UPL’s reorganisation is shareholder friendly as the listed company’s shareholders will get direct shares in UPL Global, a new entity that will be spun off to house the company’s merged global and local...
Mahagun gets insolvency relief as NCLT clears settlement with IDBI Trusteeship
Mahagun Group has entered into a settlement with IDBI Trusteeship Services that had initiated insolvency proceedings against the real estate developer, giving hope to homebuyers associated with its ongoing project in...
SBI in talks with Japanese lenders for M&A financing
State Bank of India (SBI) is in talks with some Japanese lenders to partner with them for merger and acquisition (M&A) financing in light of the new norms in that regard, SBI chairman CS Setty told reporters on the...
