Page 15 - Acquisition

KKR said to consider $1 billion acquisition of Healthium Medtech: Report

Apax Partners, which bought Healthium in 2018, has been working with advisers to gauge interest in the business, the people said

India's deal-making activity unfazed by elections: BNP Paribas' Murugaiyan

Murugaiyan, who oversaw close to a dozen ECM deals in 2023, says large sell-downs by private equity (PE) firms show the depth of the domestic market

BlackRock buys shares of two companies for Rs 207 crore via open market

US-based asset manager BlackRock on Friday acquired shares of Electrosteel Castings and PTC India Ltd for Rs 207 crore through open market transactions. BlackRock, through its affiliates iShares II Public Ltd Company - iShares Global Water UCITS ETF, iShares Global Clean Energy ETF and iShares Global Clean Energy UCITS ETF purchased shares of two companies. iShares is a collection of exchange-traded funds managed by BlackRock. According to the bulk deal data available with the National Stock Exchange (NSE), iShares Global Water UCITS ETF bought 32.28 lakh shares of Electrosteel Castings at an average price of Rs 196.21 per scrip, taking the deal value to Rs 63.35 crore. In addition, iShares Global Clean Energy ETF purchased 27.50 lakh shares of PTC India, and iShares Global Clean Energy UCITS ETF acquired 38.67 lakh shares of the firm at an average price of Rs 217.53 apiece, taking the transaction value to Rs 143.95 crore. The combined deal value of both transactions is Rs 207.30

Infosys to acquire German firm in-tech in 450 mn euro all-cash deal

Infosys will acquire a 100% stake in the German engineering R&D services provider, expanding its footprint in Europe

Home solutions provider Resideo to buy Snap One in $1.4 billion deal

The acquisition will help Resideo's ADI unit, a global distributor of audio-visual and low-voltage products, benefit from Snap One's smart-living solutions

Edelweiss Alternatives completes acquisition of L&T IDPL for Rs 6,000 cr

Edelweiss Alternatives on Thursday announced that it has completed the Rs 6,000 crore deal to acquire L&T Infrastructure Development Projects (LTIDPL), which owns various road assets and power transmission lines. The deal to buy LTIPDL, a joint venture where infra major L&T had a 51 per cent stake and its partner Canada Pension Plan Investment Board had the rest, was first announced in December 2022. The Edelweiss arm is buying 100 per cent ownership in the JV and will get a portfolio comprising seven road assets spanning 4,400 lane-km and a 960 circuit km power transmission line, according to a statement. After this acquisition, the infra platform's overall portfolio will go up to 26 assets, comprising 5,000 lane-km of roads, 1,800 ckms of power transmission assets and 813 MWp of renewables, with a cumulative annual revenue of Rs 3,000 crore, it added. A statement from L&T said the stakes have been acquired by Epic Concesiones, an investee company of Edelweiss ...

Google parent Alphabet weighs offer for $35 bn valued firm HubSpot

The potential acquisition would be Alphabet's largest ever and allow it to put some of its cash pile, which reached $110.9 billion at the end of December, to work

General Atlantic acquires majority stake in Ujala Cygnus hospitals

Ujala Cygnus currently operates 21 hospitals in five states of northern India, catering mainly to tier-2 and tier-3 cities

Decision Point acquisition will help expand into Latin America: LatentView

Digital analytics consulting and solutions company LatentView Analytics will pick up 70 per cent stake in Decision Point for USD 39.1 million, marking its foray into the Latin American market. Established in 2012, Decision Point is a leader in Artificial Intelligence-led Business Transformation and Revenue Growth Management (RGM) solutions, which has an employee base of over 300. Chennai-based LatentView Analytics, in a statement on Friday, said it would acquire the remaining 30 per cent stake in Decision Point over the next two years. "Decision Point's strength is in Revenue Growth Management solutions that help companies achieve sustainable and profitable growth, with data being the primary factor in this acquisition. This deal will bring 300-plus highly skilled employees into LatentView's CPG (Consumer Packaged Goods) practice and help us expand into the Latin America market," LatentView Analytics CEO Rajan Sethuraman said. Gurugram-headquartered Decision Point has over a decade

Varun Beverages completes acquisition of South African bottler BevCo

Varun Beverages Ltd, PepsiCo's largest franchise bottler, on Wednesday said it has completed the acquisition of South Africa-based Beverage Company (BevCo) along with its wholly-owned subsidiaries. The acquisition was done after receipt of requisite approvals from PepsiCo Inc and Competition Commission South Africa and now BevCo has become a subsidiary of the company from March 26, Varun Beverages Ltd (VBL) in a regulatory filing. VBL has also issued a corporate guarantee amounting to ZAR 1,500 million (around Rs 660 crore) to secure credit facilities extended to BevCo by the FirstRand Bank there, it added. However, it also added: "There is no impact of this corporate guarantee on the company." In December 2023, VBL announced its plans to acquire 100 per cent stake in BevCo, along with its wholly-owned subsidiaries at an enterprise level, valued at about Rs 1,320 crore (about ZAR 3 billion). BevCo holds franchise rights from PepsiCo in South Africa, Lesotho and Eswatini. It also h

Food company Annapurna acquires 'Arati' edible oil brand for Rs 28 cr

Packaged food company Annapurna Swadisht Ltd on Wednesday announced that it has acquired the six-decade-old 'Arati' brand mustard oil from R R Proteins and Agro Ltd (RRPAL) for a consideration of Rs 28 crore. The acquisition would help the company foray into the edible oil segment and strengthen its FMCG portfolio. The estimated amount of Rs 28 crore includes the cost of acquisition of manufacturing unit and the brand, a company official said. The funding for the deal would be a combination of internal accruals and debt, he said. RRPAL has a production capacity of 9 lakh litres of oil per month, and the acquisition will enable Annapurna Swadisht to enter a new business vertical of edible oil, he said. "We believe that acquisition offers an opportunity that aligns well with the company's overall strategy of becoming a formidable player in the packaged food industry in the semi-urban and rural markets of India," Annapurna Swadisht Ltd (ASL) Managing Director Shreeram Bagla said. Th

Magicrete completes process of acquisition of majority stake in Maxlite

Magicrete, which produces building product AAC Blocks, construction chemicals, and precast construction solutions, on Wednesday said it has completed the acquisition of a majority stake in Maxlite. The company did not disclose the actual stake that it has acquired and also the deal value. In a statement, Magicrete said this strategic acquisition would enhance its total installed capacity of AAC (Autoclaved Aerated Concrete) blocks to 1.8 million cubic metres per annum. Maxlite is an AAC Blocks manufacturer located in South India, headquartered in Bengaluru. It operates two AAC Blocks manufacturing facilities, one in Karnataka and the other in Tamil Nadu, boasting a combined annual capacity of 5,00,000 cubic meters. AAC Blocks serve as resource-efficient alternatives to traditional red clay bricks, offering superior thermal insulation and reducing construction time and structural load. They are about ten times larger than clay bricks and are manufactured using waste fly ash, thereb

Veeda Clinical Research buys European CRO Heads for an undisclosed sum

Veeda expands its footprint across major regions and will gain expertise in late-stage oncology trials

Jupiter Wagons rises 4% day after announcing Bonatrans India buyout

Jupiter Wagons has acquired Bonatrans India, manufacturer of rolling stock wheelsets, for a consideration of Rs 271 crore.

Himadri Speciality Chemical to acquire 40% stake in Invati Creations

Himadri will have two nominee directors on the board of Invati Creations Private Limited

Canada-based firm Fairfax offers all-cash deal to acquire IDBI Bank

IDBI Bank's disinvestment process began in October 2022, with LIC and the government selling their respective shares of 30.24% and 30.48%

Tata Group considering buying Walt Disney's minority stake in TV Platform

The companies are in preliminary talks about an acquisition of Disney's significant minority stake, which would value Tata Play at about $1 billion or more, the people said

Reliance to buy Paramount's entire 13.01% stake in Viacom18 for $517 mn

The transaction is also subject to the completion of Reliance's previously announced merger with Walt Disney for their India TV and streaming media assets

BP, ADNOC suspend $2 bn deal to acquire 50% stake in Israel's NewMed

NewMed said all parties had agreed to pause negotiations, although Abu Dhabi National Oil Co (ADNOC) and BP have reaffirmed their interest in the deal

Nirma completes acquisition of 75% stake in Glenmark Life Sciences

The acquisition strengthens Nirma's presence in the pharmaceuticals and life sciences sector