British thread manufacturer Coats Group said on Wednesday it would buy U.S.-based footwear insole maker OrthoLite for $770 million, including debt. The deal is expected to deliver $20 million in annual savings by 2028...
KKR mulls acquisition of healthcare technology firm GPI, Bloomberg News reports
KKR is considering a potential buyout of Italian health-care technology firm GPI SpA, as the U.S. investment firm scouts for takeover targets amid the recent market volatility, Bloomberg News reported on Wednesday. KKR...
UK’s NCC Group weighs sale of cybersecurity arm
UK-based global cybersecurity specialist NCC Group said on Wednesday it is in the early stages of reviewing strategic options for its cyber business, if the sale of its Escode unit goes ahead. The review is at a very...
SMFG said to eye $1.1 billion additional investment in Yes Bank
Sumitomo Mitsui Financial Group Inc. is considering making an additional $1.1 billion investment in Indian lender Yes Bank Ltd., people familiar with the matter said, following a previous investment made by Japan’s...
Dixon Technologies to pick 51 pc stake in Q Tech India
Electronics manufacturing services firm Dixon Technologies (India) Ltd on Tuesday said it has signed a binding term sheet to acquire a 51 per cent stake in Kunshan Q Tech Microelectronics (India). The proposed...
Chinese carmaker Geely to take Zeekr unit private at $6.83 billion valuation
Geely Automobile will take its premium electric vehicle unit Zeekr private at a $6.83 billion valuation, as the Chinese automaker streamlines its business and sharpens its competitive edge. Under the agreement, Geely...
Homegrown private equity firm ChrysCapital scoops up bakery chain Theobroma in ₹2,410-crore deal
Homegrown private equity firm ChrysCapital has agreed to acquire pan-India bakery chain Theobroma Foods for ₹2,410 crore, said people with knowledge of the matter. According to an agreement signed between the parties...
Oberoi Realty-Naman wins bid for Juhu hotel in Rs 919-crore resolution plan
Oberoi Realty, in partnership with Shree Naman Developers and JM Financial Properties, has secured the Committee of Creditors’ (CoC) approval to acquire Hotel Horizon Pvt Ltd (HHPL) through the insolvency resolution...
Elliott builds stake in Global Payments after Worldpay deal, source says
Activist hedge fund Elliott Investment Management has built a sizable stake in Global Payments, less than three months after the financial technology company inked one of the year’s biggest acquisitions for...
Ireland’s Dalata Hotel Group agrees to 1.4 billion euro Scandinavian takeover
Scandinavian property companies Pandox AB and Eiendomsspar AS have agreed to buy Ireland’s largest hotel group Dalata for 1.4 billion euros ($1.64 billion), the companies said on Tuesday. Dalata, which operates 56...
Sino Biopharmaceutical to acquire LaNova Medicines for up to $951 million
Hong Kong-listed Sino Biopharmaceutical said on Tuesday it will buy the remaining 95.09% stake it does not hold in Shanghai-based LaNova Medicines for no more than $950.92 million. The acquisition of the cancer...
Societe Generale agrees to sell local unit to State of Cameroon
Societe Generale has agreed to sell its Cameroon subsidiary to the State of Cameroon, the France-based international banking group said on Tuesday. The sale of Societe Generale Cameroun, the value of which was not...
