iD Fresh, which makes ready-to-cook packaged food items, is in talks to sell about 30% stake in the company for around ₹1,200 crore to global private equity funds, including Permira, Apax, L Catterton and Carlyle...
Mexico’s ASUR buys Motiva’s Latin American airports in $2.2 billion deal
Mexico’s Grupo Aeroportuario del Sureste (ASUR) signed a contract to buy the airport portfolio of Brazilian infrastructure operator Motiva for 11.5 billion reais ($2.16 billion), including net debt, Motiva said on...
US states can intervene to challenge HPE’s $14 billion Juniper acquisition
A group of U.S. states can intervene in a case over Hewlett-Packard Enterprise’s $14 billion acquisition of Juniper Networks, which the U.S. Department of Justice has proposed to settle and let the deal move...
Topgolf Callaway sells majority stake in unit at $1.1 billion valuation
Golf-equipment maker Topgolf Callaway Brands agreed to sell a majority stake in its Topgolf unit to private equity firm Leonard Green on Tuesday, valuing the business at $1.1 billion and marking an end to the...
Poland’s ING Bank Slaski agrees to acquire remaining 55% stake in Goldman Sachs TFI
ING Bank Slaski said on Tuesday that it had agreed to acquire the remaining 55% stake in Polish asset management company Goldman Sachs TFI from Goldman Sachs Asset Management International Holdings for 396 million...
Italy counting on M&A deal to cut MPS stake, favours BPM merger, sources say
Italy will hold onto its remaining 4.9% stake in bailed-out bank Monte dei Paschi di Siena (MPS) while the lender incorporates its recently-acquired rival Mediobanca, two sources close to the matter told Reuters. But...
Broadcaster Sinclair builds stake in rival Scripps, presses for merger
U.S. broadcaster Sinclair on Monday disclosed an 8.2% stake in smaller rival E.W. Scripps and said it has been in talks for months about a deal that would combine the companies. Shares of Cincinnati-based Scripps jumped...
Pro Fin Capital gets green signal from Excellence Creative for 25 pc stake buy
Pro Fin Capital Services Ltd said it has received a Letter of Intent (LoI) from Hong Kong-based Excellence Creative Ltd to acquire up to 25 per cent stake in the latter for Rs 22 crore. The LoI, received on November 13...
Akzo Nobel in talks to merge with Axalta Coating: Report
Dulux paint maker Akzo Nobel NV is in talks to merge with paintmaker Axalta Coating Systems, Bloomberg News reported on Monday, citing sources familiar with the matter. Shares of Axalta were up 14% in after-market...
Stake sale or merger: Grant Thornton is said to study options for $2 billion India unit
Grant Thornton International Ltd. is considering options for its Indian unit, including a possible minority stake sale or a merger with its operations in the US or Europe, according to a senior executive in India. “We...
Goldman Sachs in exclusive talks for Burger King Japan acquisition
Hong Kong-based investment fund Affinity Equity Partners has given Goldman Sachs exclusive rights to negotiate the sale of Burger King’s operations in Japan, according to a report by Nikkei Asia on Monday. The potential...
Euro Pratik Sales acquires majority stake in URO Veneer World
Euro Pratik Sales announced the acquisition of 51% stake in URO Veneer World for a valuation of Rs 76.50 crore including capital infusion of Rs 10.20 crore in the firm. This acquisition marks the Company’s entry...
