XCF Global Capital has agreed to go public via a merger with special purpose acquisition company (SPAC) Focus Impact BH3 Acquisition, in a deal that values the sustainable fuels producer at $1.75 billion, the SPAC said...
TBO Tek buys Jumbo’s online business to expand global footprint
General Atlantic backed global travel distribution platform TBO Tek Limited-that has filed its draft IPO papers with Sebi, told ET it has signed a deal to acquire the online business of Jumbo Tours Group of Spain...
Global Payments plans to acquire peer Shift4 – Bloomberg News
Payments technology firm Global Payments is weighing to acquire peer Shift4 Payments, Bloomberg News reported on Thursday. Atlanta, Georgia-based Global Payments has been working with an adviser to study the feasibility...
KKR to buy remaining stake in insurer Global Atlantic for $2.7 billion
KKR & Co said it would buy a remaining 37% stake in Global Atlantic Financial Group that it does not already own for $2.7 billion in an all-cash deal. Private equity firm KKR has served as the manager of Global...
UK’s Digital 9 sells stake in Verne Global, initiates strategic review
British investment firm Digital 9 Infrastructure (D9) initiated a strategic review of its portfolio and said it had agreed to sell its stake in data group Verne Global for $575 million as it seeks to cut debt and boost...
Apollo Global among suitors for IGT’s global gaming division – Bloomberg News
Private equity giant Apollo Global Management is among the potential suitors seeking to acquire International Game Technology’s global gaming division, Bloomberg News reported. IGT’s gaming unit could fetch...
Blackstone among global funds in race for Sai Life
About half a dozen global funds, such as Blackstone, Carlyle, PAG, CVC Capital, BPEA EQT, Brookfield Asset Management and Apax Partners, have evinced interest in acquiring Hyderabad-based pharmaceutical company Sai Life...
Tiger Global exits Zomato by selling its remaining stake
Internet Fund III Pte Ltd, the venture capital fund managed by US-based investment management company Tiger Global Management, has sold its remaining stake in Zomato Ltd on Monday via bulk deal on Bombay Stock Exchange...
OpenAI acquires start-up Global Illumination to work on core products, ChatGPT
OpenAI said on Wednesday it had acquired digital products company Global Illumination, in what comes as the first known acquisition by the storied artificial intelligence firm. Financial details of the deal were not...
Sterlite Technologies to Demerge its Global Services Business
The Board of Directors of Sterlite Technologies Limited (“STL”) at its meeting held on May 17, 2023 has considered and approved a Scheme of Arrangement (“Scheme”) between Sterlite Technologies Limited (the “Demerged...
Carlyle to buy 30% of Quest Global for $500 mn
Private equity (PE) giant Carlyle has agreed to acquire a significant minority stake in engineering services firm Quest Global, the two companies said on Tuesday. Simultaneously, Carlyle and Quest will together buy back...
Global funds eye Blackstone’s 50% in Panchshil and Salarpuria assets
Sovereign wealth funds including Singapore’s GIC and Abu Dhabi Investment Authority (ADIA) along with two Canada-based pension funds are in talks to acquire Blackstone Group’s 50% stake in two separate...