Goldman Sachs Alternatives, the private equity arm of Goldman Sachs, has acquired a majority stake in PeopleStrong, a leading human capital management SaaS provider, the company said on Tuesday. According to sources...
Competition Comm okays Aster DM Healthcare-QCIL proposed merger
The Competition Commission of India (CCI) on Tuesday cleared the proposed merger of Aster DM Healthcare and Quality Care India, and the merged healthcare entity will be named Aster DM Quality Care. Aster is a healthcare...
Meta’s Zuckerberg eyed Instagram spinoff amid antitrust scrutiny, document shows
Meta CEO Mark Zuckerberg considered spinning off popular photo-sharing app Instagram in 2018 over concerns about the growing risk of antitrust scrutiny, according to a document shown at a trial in Washington on Tuesday...
Banknote printer De La Rue backs $347 million offer from U.S. firm Atlas
British banknote printer De La Rue on Tuesday backed a $347 million takeover bid by U.S. buyout firm Atlas Holdings, offering a 16% premium over Monday’s closing price, and snubbed a higher, preliminary offer from...
KKR to acquire German IT firm Datagroup for about $500 million
Frankfurt-listed IT services provider Datagroup said on Tuesday that it had entered into an all-cash acquisition agreement with U.S.-based private equity firm KKR, valuing the company at about 450 million euros ($508.32...
Kuwait commences merger of state oil firms KNPC and KIPIC, Kuna reports
Kuwait has begun taking executive steps to merge two of its state-owned oil firms, news agency Kuna reported on Tuesday, as the OPEC producer seeks to restructure its energy industry. Kuwait National Petroleum Company...
UK’s Haleon takes full control of Chinese consumer healthcare venture
British consumer healthcare group Haleon on Tuesday said it gained full control of its Chinese joint venture after acquiring Tianjin Pharmaceutical Da Ren Tang’s 12% stake for about 1.62 billion yuan ($221.4...
Warner Bros Discovery decides against sale of Polish broadcaster TVN
Warner Bros Discovery has decided not to sell Polish broadcaster TVN, it said on Monday, drawing a line under speculation surrounding the future of the company, which is considered strategic by the Polish government...
Kodiak Robotics to go public in SPAC deal valuing firm at $2.5 billion
Autonomous truck technology firm Kodiak Robotics said on Monday it plans to go public in the U.S. later this year through a merger with blank-check company Ares Acquisition Corp II, valuing Kodiak at $2.5 billion. The...
Ageas to buy UK insurance platform esure for $1.7 billion
Ageas has agreed to buy British car and home insurer esure from Bain Capital for 1.3 billion pounds ($1.7 billion) in a move that will create the third largest personal lines platform in the UK. The deal, set to be...
Home improvement retailer Lowe’s to buy Artisan Design for $1.33 billion
U.S. home improvement retailer Lowe’s Cos said on Monday it has agreed to buy Artisan Design Group for $1.33 billion from private equity firm Sterling Group. The deal would help expand Lowe’s offering for...
LondonMetric boosts bid for UK’s Urban Logistics REIT to $887.7 million
Britain-based property investment company Urban Logistics REIT said on Monday it had received a higher proposal from British landlord LondonMetric, valuing the company at 674 million pounds ($887.73 million). Under the...
