Investor Ray Dalio sold his remaining stake in Bridgewater Associates, the hedge fund he founded 50 years ago, according to a letter sent to investors, while Brunei’s sovereign fund acquired a minority stake in...
Blackstone emerges as frontrunner to buy Enverus, sources say
Blackstone Inc has emerged as the frontrunner to buy energy-focused data provider Enverus for around $6 billion, according to sources familiar with the matter. Reuters reported in May that Hellman & Friedman was...
Canada’s Brookfield to buy UK’s Just Group for $3.2 billion
Canada’s Brookfield Wealth Solutions agreed to acquire Just Group for 2.4 billion pounds ($3.18 billion) as part of its expansion into the UK pension risk market, sending the British insurer’s shares to an...
CSX working with Goldman Sachs to explore strategic options, Bloomberg News reports
Railroad operator CSX is working with Goldman Sachs to explore strategic options following a merger between its two major rivals, Bloomberg News reported on Thursday, citing people familiar with the matter. Union...
Jashvik Capital acquires Rs 400 crore stake in Marg ERP
Jashvik Capital has acquired an undisclosed stake in Marg ERP for Rs. 400 crore, as per a joint press release from the two parties. Founded in 2000 by Anup Singh Thakur, Sudhir Singh Thakur, and Mahendar Singh, Marg ERP...
Schneider to buy remaining 35% in India JV from Temasek
Schneider Electric, the global major in energy management and automation, on Wednesday said it will acquire the remaining 35% stake in Schneider Electric India Private Limited from Singapore’s Temasek for 5.5...
Tata Motors to acquire Iveco’s commercial vehicle business for €3.8 billion, excluding defence unit
India’s Tata Motors has agreed to acquire the commercial vehicle business of Italy-based Iveco Group through an all-cash offer valuing the company at approximately €3.8 billion ($4.4 billion), the company announced on...
Drug firm Aizant to soon get binding bids for controlling stake in $350-mn deal
InvAscent, the firm that manages India Life Sciences Fund, is expecting binding bids for its stake in the Hyderabad-based Aizant Drug Research Solutions Pvt. Ltd early next month. The deal, which has been in the works...
Law firm Wilson Sonsini sells legal tech unit SixFifty to Paychex
U.S. law firm Wilson Sonsini Goodrich & Rosati has sold its technology unit SixFifty to human resources software firm Paychex, calling it one of the largest-ever deals for a law firm tech subsidiary. Wilson Sonsini...
AbbVie in talks to acquire Gilgamesh Pharmaceuticals, Bloomberg News reports
Drugmaker AbbVie is in talks to acquire privately held mental health therapeutics company Gilgamesh Pharmaceuticals in a deal worth about $1 billion, Bloomberg News reported on Wednesday, citing people familiar with the...
Agrichemicals firm FMC to divest India business amid market pressures
Agrichemicals company FMC Corp said on Wednesday it intends to divest its commercial business in India, in response to challenges in the country. Shares of the company, which also lowered its forecast for annual sales...
JD.Com to acquire Ceconomy
JD.com is acquiring Germany’s Ceconomy in a deal that values the electronics retailer at 2.2 billion euros ($2.5 billion), allowing one of China’s largest online retailers to expand outside of its home...
