Hubbell said on Tuesday it will acquire smaller peer DMC Power for $825 million in cash, as the electrical equipment maker bolsters its critical components portfolio to meet an expected boom in power demand. DMC designs...
IHCL inks agreements to acquire 51% stake in ANK Hotels and Pride Hospitality for Clarks Hotels & Resorts
Tata Group backed Indian Hotels Company (IHCL) said on Monday it has entered into share subscription and purchase agreements and shareholders’ agreements to acquire around 51% equity stake not exceeding Rs 110...
Bessemer India may offload its entire 15.67% stake in Medi Assist for Rs 560 cr
Bessemer India Capital Holdings II may offload its entire 15.67% stake in Medi Assist Healthcare Services for over ₹560 crore in a block deal on the exchanges on Tuesday, according to a term sheet seen by ET. The...
Prosus wins conditional EU antitrust nod for Just Eat Takeaway deal
Dutch technology investor Prosus gained European Union antitrust approval on Monday for its 4.1 billion euro ($4.76 billion) bid for Just Eat Takeaway, after agreeing to sell down its stake in Delivery Hero. Amsterdam...
Adani Defence & Aerospace partners with Prime Aero to acquire 100% stake in Indamer Technics
Adani Defence Systems and Technologies Limited (ADSTL), through its venture Horizon Aero Solutions Limited, in partnership with Prime Aero Services LLP, signed an agreement to acquire a 100% stake in Indamer Technics...
Supreme Court reserves verdict on JSW Steel’s Rs 19,700 crore resolution plan for Bhushan Power
The Supreme Court on Monday reserved its verdict on a batch of pleas related to JSW Steel’s Rs 19,700-crore resolution plan for debt-ridden Bhushan Power and Steel Limited (BPSL). A special bench comprising Chief...
Ananta Capital Acquires Majority Stake in Rubans, One of India’s Fastest-Growing Fashion Jewelry Brand
Ananta Capital has completed the acquisition of a majority stake in Fonte Fashions India Private Limited, the parent company of Rubans, a digitally native, fast-growing fashion jewellery brand redefining affordable...
Wind Blade Maker TPI Composites Files for Bankruptcy in Texas
Wind turbine blade manufacturer TPI Composites Inc. has filed for Chapter 11 to restructure its debt with support from lender Oaktree Capital Management. The company listed $500 million to $1 billion in estimated...
Australia casino operator Star revives 50% asset sale to HK investors
Troubled Australian casino company Star Entertainment said on Tuesday it had revived a sidelined deal with its Hong Kong-based partners to sell a half stake of its A$3.6 billion ($2.35 billion) Brisbane resort, sending...
Martin Sorrell’s S4 Capital confirms merger talks with MSQ Partners
Martin Sorrell’s ad group S4 Capital is in early talks to potentially combine with marketing agency MSQ Partners, it said on Monday, sending its shares as much as 14% higher. S4 Capital, established in 2018...
Hartree in talks to buy major cocoa trader Touton, sources say
Global energy and commodities trader Hartree Partners is in talks to acquire French agro-industrial firm Touton, which trades nearly 10% of the world’s cocoa, two sources with direct knowledge of the matter told...
Software firm MeridianLink to go private in $2 billion deal with Centerbridge
U.S. financial software provider MeridianLink said on Monday it would be acquired by investment firm Centerbridge Partners in a $2 billion deal, taking it private roughly four years after its New York debut. Optimism...
