The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Tuesday: ** The RiskPoint Group has agreed to acquire Corvus Underwriting GmbH in Frankfurt from Travelers, with the European managing...
New Zealand’s Xero to buy US fintech Melio for $2.5 billion
New Zealand accounting software giant Xero agreed to buy New York payments provider Melio for $2.5 billion, the companies said on Wednesday, accelerating the Kiwi firm’s push into the U.S. with the country’s...
Nuvoco Vistas completes Rs 1800 cr Vadraj cement acquistion
Nirma Group’s Nuvoco Vistas Corp has made the Rs 1800 crore payment to lenders led by Punjab National Bank (PNB) and Union Bank of India completing its acquisition of the debt-ridden Vadraj Cement. The money was...
Incuspaze acquires Trios ahead of $25 million pre-IPO fundraising
Flexible workspace provider Incuspaze has acquired Pune-based smaller rival Trios ahead of a $25 million (about Rs 215 crore) planned pre-IPO fundraising, its founder said. He did not disclose the financial terms of the...
Unilever to acquire men’s personal care brand Dr Squatch
Dr. Squatch has reached millions of people through its retail and direct-to-consumer model with natural, high-performance personal care products including natural soaps and body washes, deodorants, hair care, skin care...
Advent to buy equipment maker Spectris for $5.9 billion in Britain’s biggest takeover this year
Private equity firm Advent will acquire Britain’s Spectris in a deal valued at 4.4 billion pounds ($5.91 billion), including debt, the companies said on Monday. Spectris, which makes scientific instruments, was...
Starbucks says it is not currently considering a full sale of its China operations
U.S. cafe chain Starbucks said it is not currently considering a full sale of its China operations, after Chinese financial magazine Caixin reported that it was, without disclosing where it obtained the information...
Multiples, 360 One among homegrown PEs eyeing a minority stake in VIP Industries
Domestic private equity (PE) firms such as Multiples Alternatives and 360 One are in talks to pick up a minority stake in listed luggage and travel accessories maker VIP Industries, three people with knowledge of the...
ECB clears Monte Paschi’s takeover bid for Mediobanca, source says
The European Central Bank has cleared Monte dei Paschi di Siena’s proposed acquisition of rival Mediobanca, a source with knowledge of the matter told Reuters, as a raft of takeover bids reshape Italian finance...
Liberty Media receives nod from EU regulators for MotoGP deal
Formula One owner Liberty Media received unconditional clearance from EU regulators for its roughly 4 billion euros ($4.60 billion) acquisition of Dorna Sports, which owns MotoGP, the European Commission said on Monday...
Italy’s stake sale of Monte dei Paschi under EU scrutiny, FT reports
The European Commission is examining the Italian government’s sale of a 15% stake in Monte dei Paschi di Siena last year, following claims that large investors were shut out of the bidding process, the Financial...
Prosus ‘very confident’ of early EU approval for $4.7-billion Just Eat deal
Prosus is “very confident” of securing early EU antitrust approval for its 4.1-billion-euro ($4.72 billion) acquisition of Just Eat Takeaway.com, the Dutch technology investor said on Monday. Prosus sought...
