U.S. fund Elliott Management and Japan’s SoftBank Group are set to merge their Italian bad loan businesses in a cash-and-shares deal, SoftBank-backed doValue said on Thursday, as the industry consolidates to...
Aster DM in final stage of Gulf business sale
Aster DM Healthcare on Wednesday said that the separation of its Indian and Gulf (GCC) businesses, and the proposed investment in its GCC business by an investor group led by UAE-based PE firm Fajr Capital, is in the...
UK’s Johnson Matthey to sell medical device business for $700 mln
Britain’s Johnson Matthey (JM) will sell its medical device components business to Montagu Private Equity for $700 million in cash, as part of its strategy to focus on growth units and streamline operations...
Alight to sell payroll and professional service business for up to $1.2 billion
Alight said on Wednesday it has agreed to sell its professional services and payroll outsourcing business to an affiliate of private equity firm HIG Capital for up to $1.2 billion. Shares of the benefits service...
Vedanta’s plan to demerge businesses may face hurdles from shareholders, creditors: Report
Vedanta’s plan to demerge its businesses into separate entities could face hurdles from its minority shareholders and creditors, according to a report. On September 29, the mining conglomerate announced plans to...
Eris Lifesciences acquires Biocon Biologics domestic branded formulation business for Rs 1,242 crore
Eris Lifesciences on Thursday announced the acquisition of Biocon Biologics’ India branded formulation business for Rs. 1,242 crore. Eris has also signed a 10-year supply agreement with Biocon Biologics as a part of...
Dalmia Group continues its journey of segregation of businesses by way of demerger
Recently Dalmia Group announced yet another restructuring of one of its group companies Dalmia Bharat Refractories Limited. After selling its core business last year to RHI Magnesita, Dalmia Bharat Refractories Limited...
Indonesia’s Indosat set to launch stake sale in $1 bln fibre business, sources say
Indonesia’s Indosat Ooredoo Hutchison (IOH) is set to begin a process to sell a minority stake in its fibre business as early as March, in a deal that could value the asset at over $1 billion, said two people with...
Carrier to sell industrial fire business in $1.43 bln deal
Carrier will sell its Industrial Fire division to Sentinel Capital Partners in a $1.43 billion deal, the company said on Tuesday, pressing ahead with the divestment of non-core assets to focus on heating and cooling...
Trafigura to acquire Greenergy’s European business
Commodity trader Trafigura has agreed to acquire Greenergy’s European business from Brookfield Asset Management and its affiliate Brookfield Business Partners for an undisclosed sum, it said on Monday. Greenergy...
Suven Pharma, Cohance Lifesciences to merge to bolster CDMO business
Suven Pharmaceuticals Ltd and Cohance Lifesciences Ltd signed a definitive agreement to merge their businesses, which will further strengthen the former’s position in the contract development and manufacturing...
Dubai to sell 25% stake in public parking business via IPO
The Dubai government is selling a 24.99% stake in Parkin, which oversees public parking operations in the emirate, through an initial public offering in the emirate’s first privatisation deal this year, Parkin...