Blackstone Group Inc. has struck a roughly $6.7 billion deal to buy QTS Realty Trust Inc. and take the data-center operator private. The investment giant’s infrastructure unit, Blackstone Infrastructure Partners...
Embassy group listing its real estate business without going through IPO process
The proposed merger of Indiabulls Real Estate Ltd.'s (IBREL) with two subsidiaries of Bengaluru-based Embassy Group will create one of India’s leading listed real estate development platforms with launched/planned area...
Cano Health nears $4.4 billion deal with Barry Sternlicht-backed SPAC: WSJ
Blank-check company Jaws Acquisition Corp plans to take healthcare provider Cano Health LLC public in a $4.4 billion deal including debt, the Wall Street Journal reported on Wednesday, citing people familiar with the...
Blackstone to buy Simply Self Storage from Canada’s Brookfield for $1.2 billion
Blackstone Group Inc has reached an agreement to buy Simply Self Storage from Canada’s Brookfield Asset Management Inc for about $1.2 billion, a spokeswoman for the asset manager said late on Sunday. Blackstone’s...
Indiabulls merges its real estate business with Embassy Group
Making a complete exit from real estate business, Gurugram-based Indiabulls Group has decided to merge Indiabulls Real Estate Ltd.'s (IBREL) all ongoing, completed and planned residential and commercial projects with...
Byju’s raises $122 mn from Russian billionaire Yuri Milner’s DST Global
Education technology company Byju’s has raised $122 million from Russian billionaire Yuri Milner’s investment fund DST Global. The financing is part of its ongoing funding round. Byju’s is allotting 42,666 Series...
Indiabulls Real Estate to merge certain Embassy Property projects with self
Realty developer Indiabulls Real Estate has approved merging Bengaluru-based Embassy Property Developments with itself. Apart from bringing its ongoing, completed and planned projects into the company, Embassy is in...
Kotak halts bid for Altico Capital
The race to find a rescuer for a struggling Indian shadow bank at the center of an industry crisis has narrowed. Altico Capital India Ltd. is one of the latest caught up in the nation’s shadow banking crisis that...
RBI’s quashing of Lakshmi Vilas Bank merger fans contagion risks
The contagion risk from India’s year-old shadow banking crisis has suddenly turned much graver. What investors don’t know yet is whether the new problem is a $4 billion headache, a $16 billion migraine, or a life...
Auto1, private equity firms to bid for Scout24’s cars unit: sources
German classifieds group Scout24 has attracted interest in its autos unit AutoScout24 from used-car dealing platform Auto1 as well as from several private equity firms, people close to the matter said. Scout24, yielding...
Future Fashions $250 million deal with Blackstone
Blackstone, the world’s largest private equity firm, has stitched up a $250 million investment in Kishore Biyani’s Future Lifestyle Fashions (FLFL), owner of retail chains Central & Brand Factory as well as several...
Essar insolvency ruling risks damage to India debt market
India’s insolvency tribunal has made a dangerous decision. Unless its judgment is quashed, credit costs for India Inc. will surge, shares of state-run banks will swoon and foreign investors will flee. The case concerns...