Comerica shareholders on Tuesday approved a $10.9 billion sale to larger rival Fifth Third Bancorp, the two companies said, ignoring an activist hedge fund’s calls to block the deal after having initially urged...
TPG Capital nearing acquisition of 30%-40% stake in IIFL Capital Services, ET reports
TPG Capital is closing in on a deal to acquire a 30% to 40% stake in India’s IIFL Capital Services, potentially becoming the single largest shareholder in the company, local newspaper Economic Times reported on...
Holcim acquires French precast concrete maker Alkern
Holcim on Tuesday said it had completed the purchase of French precast concrete maker Alkern, the latest acquisition by the Swiss building materials maker. Alkern, which employs 1,000 people and has more than 50...
TPG buys majority stake in Quarterra from homebuilder Lennar, commits additional $1 billion
Asset management firm TPG has acquired a majority interest in homebuilder Lennar’s multifamily development and investment management platform and committed an additional $1 billion for the business, the companies...
Australia’s BlueScope Steel gets $8.8 billion buyout offer from SGH, Steel Dynamics
Australia’s BlueScope Steel said on Monday it received an A$13.15 billion ($8.78 billion) takeover proposal from an investor group comprising billionaire Kerry Stokes-owned SGH and U.S.-based Steel Dynamics. The...
Jacobs to acquire remaining stake in PA Consulting for $1.6 billion
Engineering services provider Jacobs Solutions said on Monday it will acquire the remaining stake it does not already own in UK-based firm PA Consulting for 1.216 billion pounds ($1.64 billion). Amid robust investments...
UK’s Auction Technology rejects buyout bids from top investor FitzWalter
Auction Technology has rejected a series of buyout proposals from top shareholder FitzWalter Capital, saying they significantly undervalue the British online auction operator and its prospects. London-based investment...
Vistra to buy Cogentrix Energy in $4.7 billion deal amid surging power demand
Utility Vistra said on Monday it has agreed to buy Cogentrix Energy, comprising 10 natural gas-fired power plants, from Quantum Capital Group for about $4.7 billion, as it looks to meet growing power demand. Shares of...
UK’s Oakley Capital to acquire GLAS in $1.35 billion deal, Sky News reports
British private equity firm Oakley Capital has agreed to buy a majority stake in debt administration services firm Global Loan Agency Service (GLAS) in a 1 billion pound ($1.35 billion) deal, Sky News reported on Sunday...
L3Harris nears space propulsion asset stake sale to AE Industrial, sources say
L3Harris Technologies is nearing a deal to sell a 60% stake in a portfolio of space and propulsion businesses to private equity firm AE Industrial Partners as the large defense company sheds some NASA business lines to...
Canada’s Robex greenlights $1.45 billion merger with Australia’s Predictive Discovery
Australia’s Predictive Discovery said on Wednesday, shareholders of Canada’s Robex Resources approved a A$2.17 billion ($1.45 billion) merger, paving the way to create a mid-tier gold producer in West Africa...
Bain Capital buying South Korean activewear firm Echo Marketing in $344 million deal
Bain Capital is buying a 43.66% stake in South Korea’s Echo Marketing, which owns local activewear brand Andar, from its founder and another shareholder for 216.6 billion won ($150.14 million), Echo said in a...
