Baring Private Equity Asia has agreed to acquire Lumenis from London-based investment firm XIO Group in a deal that values the Israeli medical device maker at more than $1 billion. Lumenis develops minimally invasive...
European Commission clears Novelis’s acquisition of Aleris
Aluminium rolling and recycling company Novelis Inc., a wholly owned subsidiary of Hindalco Industries Ltd, said on Tuesday that the European Commission has approved its proposed acquisition of US-based Aleris Corp, a...
JM Financial PE buys stake in Innovcare
JM Financial Private Equity has bought a significant minority stake in nutraceutical firm Innovcare Lifesciences Pvt. Ltd, a person aware of the development said. The valuation of the deal could not be independently...
Asia Healthcare readies war chest of up to $200 mn for acquisitions
Healthcare operating platform Asia Healthcare Holdings (AHH), which is backed by private equity firm TPG Growth, plans to invest $150-200 million to buy companies in the ophthalmology, urology, and gastrointestinal (GI)...
Mahindra Partners buys out Matrix’s stake In Centre For Sight for ₹206.5 crore
Mahindra Partners, the private equity and corporate investment arm of the Mahindra Group, said on Wednesday that it has acquired a stake in New Delhi-based eye care chain Centre for Sight for ₹206.5 crore from early...
DocsApp raises $1.7 million in venture debt from InnoVen
Phasorz Technologies Pvt Ltd, which operates the doctor consultation app DocsApp, on Tuesday said it raised₹12 crore ($1.7 million) in debt funding led by venture debt firm Innoven Capital, according to a statement...
HealthPlix raises $3 million from Kalaari, IDG Ventures
Health-tech start-up HealthPlix Technologies Pvt. Ltd has raised $3 million in a Series A funding round led by IDG Ventures India and Kalaari Capital. The company had earlier raised $0.5 million in three rounds of angel...
Medical device maker Stryker makes takeover approach to Boston Scientific: WSJ
Medical device maker Stryker Corp has made a takeover approach to rival Boston Scientific Corp, the Wall Street Journal reported on Monday, a combination that would give Stryker a strong position in stroke-preventing...
Exxon merging oil refining and marketing units
Exxon Mobil Corp (XOM.N) is merging its refining and marketing divisions to boost profits from its downstream businesses, the first major restructuring under Chief Executive Darren Woods. Neil Chapman, the head of its...
Hindalco weighing bid to acquire Aleris Corp of US
Kumar Mangalam Birla flagship HindalcoBSE 2.25 % is gearing up to mount a multi-billion dollar bid to acquire Aleris Corp. from its private equity owners, said several people aware of the development. This follows talks...
Mylan looks to sell off Vizag formulations unit it acquired in 2012
American generics drug major Mylan is looking for a buyer for its formulations manufacturing facility in Vizag Pharma City. While there was no official confirmation either on the decision or the reasons behind it from...
FIPB clears Claris Lifesciences’ bid to sell global generic injectables
The Foreign Investment Promotion Board (FIPB) on Monday cleared a proposal by Ahmedabad-based Claris Lifesciences Ltd to sell its global generic injectables business to US-based Baxter International Inc. for Rs4,020...