Saks Global, a US luxury retail group, filed for bankruptcy protection late on Tuesday (January 13, 2026). The high-end department store conglomerate struggled with a substantial debt load due to multiple reasons...
The Gentari stake sale gets cracking. Will Actis, Macquarie and Sembcorp bid?
Global private equity firms Macquarie, Actis, Sembcorp and strategic investors such as Serentica Renewables and JSW Group are evaluating bidding for a 50% stake in Malaysian energy firm Gentari’s India business, three...
TotalEnergies to sell its onshore Nigerian SPDC assets to new buyer
French major TotalEnergies has signed an agreement to sell its 10% non-operated stake in the Nigerian onshore oil asset SPDC, renamed as Renaissance JV, to Vaaris, it said on Wednesday, after a failed sale last year to...
Canadian Natural in talks to buy Tourmaline’s natgas portfolio, Globe and Mail reports
Canadian Natural Resources is in talks to buy a $1-billion-plus portfolio of natural gas properties from Tourmaline Oil Corp, Globe and Mail reported on Wednesday, citing two sources familiar with the negotiations...
Chinese firm FountainVest gets Italy’s nod to buy stake in EuroGroup Laminations
Chinese private equity firm FountainVest has secured the Italian government’s approval to buy a major stake in EuroGroup Laminations, a document showed, under a plan to take the electric motor component maker...
OpenAI acquires healthcare startup Torch, deal pegged at $100 million
OpenAI on Monday announced that it has acquired healthtech startup Torch as part of its strategic push into artificial intelligence (AI)-powered healthcare tools. The deal is valued at about $100 million in equity...
L&T to acquire Sapura’s 40% stake in offshore shipping JV for Rs 122.4 crore
Engineering major Larsen & Toubro (L&T) on Monday said it will acquire the remaining 40% stake in L&T Sapura Shipping Private Limited (LTSSPL) from Sapura Nautical Power Pte Ltd for Rs 122.4 crore, making...
RedTape founders seek stake sale, eye Blackstone and KKR interest
Indian footwear firm RedTape’s founders are soliciting interest from Blackstone and KKR as they look to sell a majority stake or even their entire holding worth nearly $510 million, according to sources and a...
Uday Kotak’s family office acquires US snack brand Go Raw
USK Capital, the family office of billionaire banker Uday Kotak, on Tuesday acquired a US-based snacking brand, Go Raw. USK Capital has made the bet through the overseas direct investment route, which is its maiden...
Apollo Hospitals demerger is a biz call taken for shareholders, says Suneeta Reddy; rules out family rift
Apollo Hospitals Enterprise’s ongoing restructuring to spin off its pharmacy and digital health business was a purely board-driven decision to sharpen strategic focus and create shareholder value, Suneeta Reddy...
Ykone, BarCode, Mirror Mirror merge to form integrated group One
Global influencer marketing company Ykone has merged with Paris-based creative production house Mirror Mirror to form a new integrated group called One, strengthening its creative, technology and media capabilities, the...
Banijay, owner of Big Brother franchise, and All3Media in talks to merge TV production businesses: Report
French media production company Banijay Group, widely known for owning the “Big Brother” franchise, is reportedly in talks with RedBird IMI, the owner of All3Media, to merge their television production businesses...
