Debt-laden HNA Group Co. will sell Ingram Micro Inc. for about $7.2 billion, representing the biggest asset sale for a company that had one of the biggest corporate downfalls in Chinese history. U.S. private equity firm...
CCI approves Prestige’s sale of 21 mn sq. ft space to Blackstone
The Competition Commission of India (CCI) has approved Blackstone Group’s acquisition of certain commercial real estate properties of Bengaluru-based developer Prestige Group. Prestige last month signed a term sheet...
Reliance Capital suitors can submit EoIs till 17 Dec
The deadline to submit expressions of interest (EoIs) for Reliance Capital’s assets has been extended to 17 December, the company said in a regulatory filing on 7 December. “…we hereby inform that the...
DealShare raises $21 million in its largest funding round
E-commerce startup DealShare on Tuesday said that it has raised $21 million in a Series C funding round led by WestBridge Capital, along with Alpha Wave Incubation, a venture fund managed by Falcon Edge Capital...
Everstone to sell its customer experience platform Everise to Brookfield
Private equity firm Everstone Group on Tuesday said that it has reached an agreement to sell Everise—an Everstone-controlled entity founded in partnership with Sudhir Agarwal-led Sunrise BPO (Sunrise)—to Brookfield...
HDFC Bank invests in smallcase Technologies
HDFC Bank has invested an undisclosed amount in smallcase Technologies, and bought a minority stake, as part of a recent Series B fund-raise of $14 million by the Bengaluru-based fintech startup. Existing investors...
Mytrah looks to appoint Barclays for selling stake
Green energy producer Mytrah Energy India Pvt. Ltd is looking to appoint Barclays Bank to sell a majority stake after a $750-million deal with private equity firm KKR fell through, two people aware of the development...
Pandemic-hit Uber sells its self-driving unit to Aurora
Uber is selling off its autonomous vehicles development arm as the ride-hailing company slims down after its revenues were pummeled by the coronavirus pandemic. Self-driving vehicle technology company Aurora will...
Cisco agrees to buy UK cloud company for $721 million
Cisco Systems Inc. agreed to buy U.K. customer service software maker IMImobile Plc in a deal valued at about 543 million pounds ($721 million) as part of a plan to enhance tools to help companies keep track of and...
Vodafone Idea, Nokia partner to deploy smart agriculture solution
Vodafone Idea Ltd’s (Vi) corporate social responsibility (CSR) arm has partnered with Finnish telecom equipment maker, Nokia to deploy smart agriculture solution in Madhya Pradesh and Maharashtra that would improve...
Veranda Learning acquires coaching institute Chennai Race for Rs.100 crore
Veranda Learning Solution, a newly formed education technology startup from the Kalpathi Group Monday acquired Tamil Nadu based test-prep institute ‘Chennai Race’ for Rs.100 crore. “The transaction, valued at over INR...
Everstone Capital to acquire controlling stake in Calibre
Private equity firm Everstone Capital has signed an agreement to acquire a controlling stake in Calibre, a specialty ingredients manufacturer of pharmaceutical, nutritional and personal care products, the investor said...
