Buyout groups EQT and Bain Capital are in a two-horse race for 31% controlling interest in Whirlpool of India, listed local arm of the US appliances giant, three senior industry executives said. Private equity peers TPG...
Tilaknagar to acquire Pernod Ricard’s Imperial Blue whiskey, announcement likely on Wednesday
Tilaknagar Industries will likely acquire the Imperial Blue whiskey brand in India from France’s Pernod Ricard on Wednesday, said people in the know. On Wednesday, the board of Tilaknagar—which sells Mansion House...
Adani group seeks Competition Commission’s nod to acquire Jaiprakash Associates
Billionaire Gautam Adani-promoted Adani group on Tuesday sought approval from the Competition Commission of India (CCI) to acquire Jaiprakash Associates Ltd. The development came after Adani group reportedly made an...
Bain Capital sells 3.7% stake in 360 ONE WAM for Rs 1,741 crore
Private equity major Bain Capital on Tuesday divested a 3.71 per cent stake in wealth management firm 360 ONE WAM for Rs 1,741 crore through open market transactions. Following the stake sale, shares of 360 ONE WAM fell...
ConocoPhillips nears sale of Oklahoma assets to Stone Ridge Energy, sources say
U.S. oil and gas producer ConocoPhillips is in advanced talks to sell assets in Oklahoma to privately owned Stone Ridge Energy for around $1.3 billion, three people familiar with the matter told Reuters on Tuesday...
Amazon to buy startup focused on AI wearables
Amazon has reached a deal to buy San Francisco-based Bee, a startup making an artificial intelligence-enabled bracelet to listen in on and transcribe conversations. Bee’s $50 wristband can analyze and distill what...
CapVest eyes majority stake in German drugmaker Stada, Bloomberg News reports
London-based buyout firm CapVest Partners is in talks to acquire a majority stake in German drugmaker Stada Arzneimittel, Bloomberg News reported on Tuesday. The deal would value Stada Arzneimittel at about 10 billion...
UK’s Compass strikes its biggest-ever deal with $1.8 bln Vermaat acquisition
Food catering firm Compass has agreed to buy European premium food services business Vermaat Groep for about 1.5 billion euros ($1.75 billion) including debt, it said on Tuesday, marking its largest-ever deal. Compass...
Brazil’s Totvs agrees to buy StoneCo’s Linx unit
Brazilian software company Totvs has agreed to buy StoneCo’s Linx unit in a deal worth 3.05 billion reais ($547.90 million), it said on Tuesday, adding that it expects the move to strengthen its position in the...
France’s Sanofi to acquire biotech firm Vicebio for $1.15 billion
French pharmaceuticals company Sanofi said on Tuesday it would acquire British private biotechnology firm Vicebio for a total of $1.15 billion, expanding its respiratory vaccine portfolio. Following the acquisition...
Synovus explores potential merger options after drawing takeover interest, Bloomberg News reports
U.S. regional lender Synovus Financial is exploring options including a potential merger after drawing takeover interest, Bloomberg News reported on Tuesday, citing people familiar with the matter. The Columbus, Georgia...
Apple supplier Goertek to buy Luen Fung Commercial’s units for $1.3 billion
Apple supplier Goertek Inc said on Tuesday it plans to buy two units of Hong Kong’s Luen Fung Commercial Holdings for about combined HK$10.4 billion ($1.32 billion). The acquisition of Mega Precision Technology...
