WeightWatchers, known for its diet programs once endorsed by celebrities including Oprah Winfrey, has filed for bankruptcy after struggling to compete with weight-loss drugs like Ozempic. The company — which rebranded...
Second time lucky? KKR looks to sell RE Sustainability again, likely to fetch up to $1.5 billion
American private equity (PE) giant KKR is planning to relaunch the sale of its waste management portfolio company after a delay of almost a year, three people with knowledge of the matter said. The PE firm is eyeing up...
GIC-backed Asia Healthcare Holdings to acquire Dr Dangs Labs
Asia Healthcare Holdings (AHH), backed by Singapore’s sovereign wealth fund GIC, is set to acquire a majority stake in Dr Dangs Labs, a diagnostic chain operating in Delhi and Gurugram, according to two people aware of...
OpenAI agrees to buy AI coding startup Windsurf for $3 billion: Report
OpenAI has agreed to acquire AI based coding tool Windsurf for around $3 billion, according to a Bloomberg report. The ancquisition of Windsurf (formerly called Codeium) is currently not closed and if completed would be...
Shell likely to acquire BP, energy giant weighs in merits of the deal amid potential oil prices decline
Shell Plc is working with advisers to evaluate a potential acquisition of BP Plc, though it’s waiting for further stock and oil price declines before deciding whether to pursue a bid, according to people familiar with...
NCLT to decide on RCom’s ₹550 crore refund plea against Ericsson in June
The insolvency court said it will decide next month on bankrupt telco Reliance Communications Ltd’s plea seeking a ₹550 crore refund from Swedish telecom equipment maker Ericsson. During a brief hearing at the Mumbai...
After Pebble, Mensa looks to sell its Renee stake
Mensa Brands has sold its stake in wearables maker Pebble and is looking to exit Renee Cosmetics, as the brand aggregator looks to cash out of some of its recent investments. The company also plans to raise $100 million...
Hexa Climate Solutions acquires Fortum’s green energy portfolio in India
Hexa Climate Solutions Pvt. Ltd, a I Squared Capital portfolio company, has acquired the renewable energy development portfolio of Finland-based Fortum in India. Under the terms of the transaction, Hexa Climate...
Rite Aid Prepares to Sell Itself in Pieces for Second Bankruptcy
Rite Aid Corp. is running low on cash and preparing to sell itself in pieces as it heads toward its second bankruptcy, less than a year after the drug-store chain’s emergence from Chapter 11, according to people with...
Jio Platforms to absorb edtech firm Embibe
Jio Platforms Ltd (JPL), an arm of Reliance Industries Ltd (RIL) that houses its telecom and digital businesses, is set to absorb edtech firm Indiavidual Learning Private Limited, or Embibe, in a move that has caused...
SK Capital-Backed Chemical Business Ascend Files Bankruptcy
Ascend Performance Materials Inc., a chemicals business backed by SK Capital Partners, has filed bankruptcy and said it intends to restructure with support from its lenders. Houston-based Ascend and its corporate...
German Tech Rental Firm Grover Nears Restructuring Deal in Court
Electronics-rental company Grover Group is nearing a restructuring deal that will see some creditors take over the majority of the equity of the German startup. Investors led by Fasanara Capital and M&G are poised...
