Alibaba-backed YTO Express plans to go public via a 17.5 billion yuan ($2.7 billion) merger with a listed clothing maker, becoming the latest courier seeking capital market funds to stay competitive during China’s...
Bigger Is Better for Singapore REITs Facing Consolidation
Singapore’s real estate investment trust market is set to consolidate as smaller vehicles merge to cope with rising regulatory costs, according to Cambridge Industrial Trust. “The wave of consolidation for Singapore...
ReNew Power inks pact with OPIC to raise up to $250 million.
The Overseas Private Investment Corporation (OPIC), the US government’s development finance institution, will provide debt financing of up to $250 million for ReNew Power Ventures’ solar development projects...
EMC to merge with Williamson Magor engineering subsidiaries
The BM Khaitan-controlled Williamson Magor Group’s engineering arms and transmission tower maker EMC Ltd are being merged to create a giant engineering joint venture with a turnover of Rs 6,000-7,000 crore...
BigBasket raises $150 million from Abraaj Group
On-demand grocery delivery company BigBasket has announced it has raised $150 million from the Abraaj Group, International Finance Corporation, and Sands Capital. Existing investors Bessemer Venture Partners, Helion...
PSU general insurers may see up to 10% stake sale
The finance ministry is considering up to 10 per cent stake sale in at least one insurance company in 2016-17, beginning with the listing of New India Assurance in the primary market. The department of financial...
ACCO Brands to acquire remaining 50 pct of its Australian JV Pelikan Artline
Acco Brands Corp * Cash purchase price will be approximately us$103 million * Estimated full-year incremental sales contribution to acco brands would be approximately us$112 million * Says pelikan artline will be...
Marriott wins back Sheraton-owner Starwood with new offer
Starwood Hotels and Resorts Worldwide Inc, owner of the Sheraton and Westin brands, accepted a sweetened $13.6 billion acquisition offer from peer Marriott International Inc, spurning China’s Anbang Insurance...
Jet Gold to buy 30 pct of Haib Copper Deposit in Namibia
Jet Gold Corp : * Jet Gold enters into agreement to acquire 30 percent of HAIB Copper Deposit in Namibia through an interest in Haib Minerals * Entered into agreement to buy 30 percent of Haib Minerals Ltd in exchange...
Ennis acquires assets of major business systems
One of its wholly owned units closed on agreement to acquire assets of major business systems in hillsborough, north carolina * Ennis acquires assets of major business systems * Ennis believes that acquisition will be...
Eurazeo in Advanced Talks to Acquire Novacap From Ardian
Eurazeo is in exclusive talks to acquire a majority stake in Novacap from Ardian in what would be the French private equity firm’s first investment in a chemicals company. Talks are over a majority stake in Lyon-based...
French major FM Logistics buys Pune firm Spear Logistics.
An SME-focused private equity fund Ambit Pragma today said that it has sold majority stake in Pune-based Spear Logistics to French multinational FM Logistic for an undisclosed amount. Ambit Pragma, a small-cap growth...
