Xcelerate, a Singapore-based GRC and ESG investment platform, has acquired a strategic equity stake in Stirrup Communication, India’s leading stakeholder communications consultancy, for an undisclosed amount...
Kitchen sponge maker Scrub Daddy explores sale, sources say
Scrub Daddy, the kitchen sponge maker that gained popularity after securing an investment on U.S. TV show “Shark Tank,” is exploring options that include a sale of the company, according to people familiar...
Brookfield, GIC, Alpha Wave eye Blackstone company PGP Glass
Brookfield, GIC of Singapore, the country’s sovereign wealth fund and Alpha Wave are circling around PGP Glass Pvt Ltd (formerly called Piramal Glass) for a minimum 50% stake along with joint control as Blackstone the...
Blackstone may sell up to 50% in PGP Glass
Global private equity (PE) firm Blackstone Inc. is looking to sell as much as 50% stake in PGP Glass Pvt. Ltd that it acquired three years ago, three people aware of the development said. The PE firm has named...
Merger driven by Venture Capital
The Board of Directors of JHS Svendgaard Laboratories Limited announced merger of the company with private company Vedic Cosmeceuticals Private Limited. As acclaimed by the management, the product portfolio of Vedic...
Wipro Consumer Care acquires three soap brands from VVF Ltd
Wipro Consumer Care and Lighting (WCCL) has bought three soap brands – Jo, Doy, and Bacter Shield – from VVF Limited, its third acquisition over the past year, part of its wider strategy to expand into newer...
Reliance Retail and Naturals Salon call off deal talks
Reliance Retail and Naturals Salon & Spa have called off their acquisition talks on differences in valuation of the latter, executives aware of the development said. Reliance Retail had been in advanced negotiations...
Tata Consumer leads race for maker of Ching’s Secret, values co at Rs 5,500 cr
Tata Consumer Products Ltd (TCPL) has emerged as the frontrunner to acquire Capital Foods Pvt Ltd, the maker of condiments, food products and ingredients under the Ching’s Secret and Smith & Jones brands...
J.M. Smucker to buy Twinkies maker Hostess Brands in $5.6 billion deal
J.M. Smucker agreed to buy Twinkies maker Hostess Brands for $5.6 billion including debt in a deal that unites two major American snack makers. The deal was worth about $4.6 billion excluding debt, with Jif peanut...
Adani Enterprises considering sale of 44% stake in Wilmar Venture
Adani Enterprises Ltd. is exploring selling its stake in its Mumbai-listed consumer-staple joint venture with Wilmar International Ltd., freeing up capital for their core business, according to people familiar with the...
Campbell to buy Rao’s premium sauces maker Sovos for $2.33 bln
U.S. packaged food maker Campbell Soup will buy Michael Angelo’s and Rao’s owner Sovos Brands for $2.33 billion in cash, the company said, beefing up its meals and beverages business with the maker of...
Havas Media India acquires PivotRoots
French advertising and public relations company Havas’s India arm, Havas Media India, has announced the acquisition of PivotRoots, a digital marketing and communications agency. PivotRoots was launched in 2016 by Shibu...