Wipro Hydraulics, the hydraulic cylinders and components manufacturing business of Wipro Infrastructure Engineering (WIN), on Thursday said it signed a definitive agreement to acquire Canada-based Mailhot Industries...
Fincantieri buys Leonardo’s submarine business in 415 mln euro deal
Italian shipbuilder Fincantieri said on Thursday it had bought Leonardo’s Underwater Armament Systems (UAS), in a deal giving the submarine business line an enterprise value of 415 million euros ($447.20 million)...
SVB Financial to sell VC business SVB Capital
Collapsed U.S. lender SVB Financial Group said on Thursday that an entity affiliated with Pinegrove Capital Partners will acquire its venture capital business, SVB Capital. A newly-created entity, backed by permanent...
Investcorp to acquire NSE’s technology services business
Investcorp, a global alternative investment firm, has acquired NSEIT, the digital technology business of the National Stock Exchange (NSE) for Rs1000 crore, stated a press release. The transaction excludes the digital...
Patanjali Foods to evaluate proposal to buy Patanjali Ayurved’s non-food business
Patanjali Foods Ltd, which is mainly into edible oils, on Friday said it will evaluate a proposal to acquire the non-food business of promoter group Patanjali Ayurved, led by Baba Ramdev. In a regulatory filing...
General Mills explores sale of $2 billion-plus yogurt business in North America, sources say
General Mills, the maker of Cocoa Puffs and Cheerios breakfast cereals, is exploring a sale of its North America yogurt business including its popular Yoplait brand in a deal that could be worth more than $2 billion...
Advent International to combine its listed & private entity business
Recently, Advent International announced the merger of its privately held pharma company into recently acquired listed pharma company. Advent being one of the largest private equity entities, is the merger move looking...
Cipla to acquire Ivia Beaute’s cosmetics, personal care distribution, and marketing business for Rs 130 cr
Pharma major Cipla Ltd will acquire the cosmetics and personal care distribution and marketing business of Ivia Beaute Pvt Ltd, including the latter’s brands Astaberry, Ikin and Bhimsaini, on a worldwide basis for...
Auto distributor Inchcape to sell UK retail business for $431 mln
British automotive distributor Inchcape said it had agreed to sell its UK retail operations to Group 1 Automotive UK for 346 million pounds ($431.43 million) in cash, following a strategic review it kicked off earlier...
Italy’s MFE welcomes ProSieben’s decision to divest non-core businesses
Italy’s MFE-MediaForEurope on Friday welcomed the decision by Germany’s ProSiebenSat.1 to sell some of its non-core businesses. In a statement, the media company, controlled by the family of late Italian...
Aviva completes takeover of AIG’s UK life insurance business
British insurer Aviva said on Tuesday it had completed the 453 million pound ($574 million) acquisition of AIG’s UK life insurance business, sealing the largest takeover under CEO Amanda Blanc to date. Aviva...
French shipper CMA CGM acquires 10% of Volvo-Renault electric van business
France’s CMA CGM has acquired a 10% stake in the Flexis electric van venture set up by Renault and Volvo Group, the companies said on Wednesday, as the shipper expands further into the logistics business. CMA CGM...