Industry-wise breakup of the schemes filed is as follows: Industry No. of Deals March 2016 February 2016 Agriculture – 1 Chemicals 2 7 Entertainments – 1 Financial Services 3 7 Information Technology –...
SunTrust Plans to Hire as Many as 200 in Mid-Market M&A Push
SunTrust Banks Inc., Georgia’s largest lender, said its wholesale-banking business will hire as many as 200 people over the next four years as it seeks to increase mergers-and-acquisition services for mid-size...
Alibaba-backed courier YTO Express to list via $2.7 billion reverse merger
Alibaba-backed YTO Express plans to go public via a 17.5 billion yuan ($2.7 billion) merger with a listed clothing maker, becoming the latest courier seeking capital market funds to stay competitive during China’s...
Alibaba may tieup with Tatas to venture into online retail market in India
Chinese ecommerce giant Alibaba has approached Tata Sons for a possible partnership as it looks to set up shop in India later this year in a development that looks set to shake up the country’s rapidly growing...
Flipkart arm Ekart ties up with Apollo Pharmacy for delivery and pickup services.
Ekart, the logistics unit of Flipkart, is rolling out two new initiatives aimed at improving efficiency and capacity utilisation. It has tied up with Apollo Pharmacy for delivery and pickup of products like smartphones...
Kishore Biyani, Hong Kong-based billionaire shelve JV plans
The $25-billion Fung Group, promoted by Hong Kong-based billionaire Victor K Fung, and the Kishore Biyani-led Future Group have shelved a plan for a 50:50 joint venture (JV) for imports and wholesaling. The JV was...
Hopscotch looking to raise Rs 200 crore to expand operations
Curated baby care marketplace Hopscotch.in is looking to raise additional funding of Rs 200 crore as it looks to expand operations in a fast-growing market. Hit The Mark, which owns Hopscotch, aims to grow its private...
Asia Climate Partners to pick stake in ColdEX.
Private equity fund Asia Climate Partners is set to pick up India Equity Partners’ minority stake in Gwalior-based cold chain logistic company ColdEX Logistics, people close to the development said. Asian...
China’s HNA Group to buy Ingram Micro for $6 billion
Chinese aviation and shipping conglomerate HNA Group [HNAIRC.UL] is buying electronics distributor Ingram Micro Inc (IM.N) for about $6 billion, the latest in a string of overseas deals by Chinese companies. The offer...
IDFC PE part-exits Star AgriWarehousing & Collateral Management with 2X returns.
IDFC Private Equity is selling a portion of its stake in Star AgriWarehousing & Collateral Management, part-exiting an investment it made four years ago in one of the country’s fastest growing agriculture...
SIS Security sets up new JV with Spain’s Prosegur.
SIS Security, one of India’s largest security services companies, has formed a new joint venture with Spanish security services giant Prosegur, to offer alarm monitoring and response solutions for homes and small...
Zendrive raises $13.5 million in in Series-A round of funding.
Mobile technology startup Zendrive has raised $13.5 million (about Rs 91 crore) in Series-A round of funding. The round was led by Shervin Pishevar of Sherpa Capital and saw participation from Nyca Partners, Thomvest...