After a $1 trillion river of capital flowed out of China during 2015, the government has been working furiously to avert a flood. There was a clampdown on offshore purchases of insurance policies, and restrictions on...
Vivint Solar Seeks Financing After Canceling SunEdison Deal
Vivint Solar Inc. is seeking to raise “substantial†amounts of cash after its canceled acquisition by SunEdison Inc. hindered the company’s operations. Vivint had $92.2 million in cash and equivalents on hand as...
Private equity funds, textile companies vie for debt-ridden Alok Industries.
Bulge-bracket private equity funds TPG Capital Management and KKR & Co LP are competing with domestic textile companies Vardhman Group, Trident and a brand new special situations joint venture between Ajay Piramal...
NCC to sell majority stake in power assets to Sembcorp for Rs 352 crore
Infrastructure firm NCC has announced sale of 51% stake in thermal power assets to Singapore global utilities services firm Sembcorp for Rs 352 crore as part of a move to monetise assets in non-core diversifications. In...
Differences emerge between insurance JV partners Bajaj Finserv and Germany’s Allianz Group
Differences have cropped up between insurance joint venture partners Bajaj Finserv and Germany’s Allianz Group. The bone of contention is the price that Allianz will have to pay to raise its stake in its two JVs...
Twist in startup tale: Flipkart and Amazon may have explored sale talks, say sources.
Flipkart considered selling itself to Amazon, a chorus of voices in the investment community told ET, upending conventional thinking that India’s largest online retailer would go the full distance as an...
Australia’s Qube Holdings files $6.8 bln joint bid for Asciano
Australia’s Qube Holdings Ltd said it has joined Canada’s Brookfield Asset Management Inc and international partners to make a A$9.1 billion ($6.8 billion) bid for ports and rail freight company Asciano Ltd...
Toshiba in talks to sell its white goods business to Midea Group
Japanese industrial conglomerate Toshiba Corp (6502.T) said it is in late-stage talks to sell its white goods business to Chinese household appliance giant Midea Group Co Ltd (000333.SZ), Nikkei reported on Monday. The...
Starwood Hotels Gets Unsolicited $13 Billion Takeover Approach
Starwood Hotels & Resorts Worldwide Inc. received an unsolicited takeover proposal from a group of investors led by China’s Anbang Insurance Group Co., potentially upending a deal with Marriott International Inc...
New Wave of Corporate Restructuring Drives M&A in Latin America
A new wave of debt restructuring all over Latin America is poised to drive dealmaking as many companies find no other way to obtain cash. “Most of the transactions out there require credit and, whether you are an...
KKR Mauritius Cement Investments buys 8.5% in Dalmia Bharat.
KKR Mauritius Cement Investments Ltd has acquired 8.5 per cent stake in Dalmia Bharat Ltd. The development soon follows Dalmia Bharat getting fair trade regulator CCI’s approval to acquire 15 per cent stake in its...
Michelin ties up with Snapdeal to sell tyres online
French tyre major Michelin on Monday tied up with online marketplace Snapdeal to sell its products through the e-commerce platform. “Snapdeal with its large subscriber base and pan India reach has been an obvious...
