A consortium of homegrown private equity fund Multiples Alternate Asset Management and Samvibhag Securities will buy an about 32% stake of VIP Industries from promoter Dilip Piramal & family, the luggage maker said...
Australia’s Abacus Storage King gets $1.43 billion sweetened offer, shares jump
Australian self-storage company Abacus Storage King said on Monday it had received a sweetened A$2.17 billion ($1.43 billion) takeover offer from a consortium of Ki Corp and Public Storage, sending its shares more than...
Australia’s Johns Lyng agrees to $725 million buyout, shares soar
Australian building services provider Johns Lyng Group said on Friday it agreed to be bought by investment firm Pacific Equity Partners (PEP) for an equity value of A$1.1 billion ($725 million), sending its shares to a...
Wockhardt exits US generics biz to focus on drug discovery
Wockhardt will exit its loss-making generics business in the US as part of its strategy to enhance focus on innovation with new antibiotic drug discovery and biologics portfolio in insulin. ET was the first to report on...
NCLT clears Yatra Online’s amalgamation scheme involving six subsidiaries
Yatra Online Ltd on Friday announced that the National Company Law Tribunal (NCLT), Mumbai Bench, approved its petition for amalgamation of its six wholly-owned subsidiaries. Marking a significant development for the...
Meta acquires voice AI startup PlayAI as it continues to add talent
Meta Platforms Inc. has completed a deal to acquire PlayAI, a small artificial intelligence startup focused on voice technology. The “entire PlayAI team” is set to join Meta next week, according to an internal memo that...
Apollo-Backed Legendary Weighs Acquisition of Lionsgate Studios
Legendary Entertainment LLC, the independent film and TV studio behind the Dune trilogy and A Minecraft Movie, is considering a takeover of Lionsgate Studios Corp., according to people familiar with the matter...
Skydance in early talks to acquire The Free Press, NYT reports
Skydance Media CEO David Ellison has held preliminary talks to acquire The Free Press, an online news outlet, the New York Times reported on Friday, citing people familiar with the matter. The news comes as Skydance is...
Trump blocks acquisition of equipment supplier Jupiter Systems by Hong Kong firm
President Donald Trump ordered the blocking of the acquisition of audiovisual equipment supplier Jupiter Systems by Hong Kong’s Suirui International after Suirui was found to be a national security risk, the U.S...
Partners Group to acquire majority stake in Infinity Fincorp for Rs 1,950 crore
Swiss private equity firm Partners Group will acquire a majority stake in Infinity Fincorp Solutions, a Mumbai-based non-bank lender focused on MSMEs, through an investment of Rs 1,950 crore (around $230 million), the...
Govt to sell minority stake in LIC
The government is working on further stake sale in Life Insurance Corporation (LIC) and the disinvestment department would work out finer details of the transaction, sources said. The government currently holds 96.5 per...
Coca-Cola bottler Kandhari acquires Wave Beverages
One of Coca-Cola’s top bottling partners in India, Kandhari Global Beverages, has acquired Wave Beverages’ bottling operations for the American soft-drinks maker for about ₹1,000 crore, people directly aware...
