Setco Automotive will transfer its clutch business into a subsidiary, Setco Auto Systems into which IndiaRF will invest through a senior debt facility and 35 per cent equity stake in SASPL.
Diversey is seeking to raise up to $970 million in its IPO from selling about 46.2 million shares priced between $18 and $21 apiece, according to the company's filing
Private debt means debt given to privately held companies or buying those loans in the secondary market
The management change at Virgin, to be effective soon after its sale to Bain Capital is completed next month, will set the stage for a battle with unions
Virgin Australia Holdings Ltd's creditors on Friday voted in favour of the purchase of Australia's second-biggest airline by US private equity group Bain Capital
Bain, which initially planned to list Kioxia last year, pushed back the listing because of deteriorating market conditions
Priority creditors and employees will receive 100% of funds owed, the report said
Bain Capital buys Virgin Australia, Bain Capital buys Virgin Australia, Indonesia expands budget and other global news about the pandemic
Virgin went into voluntary administration in April setting off the eight-week sale process
Administrator Deloitte said they had been selected from five non-binding proposals received on Friday. It is seeking a binding agreement with the winning bidder by June 30.
In 2017, the lender had approved and conducted a sale of 9 per cent stake to raise Rs 11,626 crore, in a round led by Bain Capital.
Virgin Australia Holdings Ltd's administrators have short-listed potential buyers BGH Capital, Bain Capital, Indigo Partners and Cyrus Capital Partners, a source with knowledge of the matter said
Nuvoco is among the bidders for Emami Cement, which has picked Arpwood Capital and Credit Suisse Group AG to manage the sale of the unit as Bloomberg News previously reported
The Tatas are in discussions with a clutch of PE funds to gauge their interest and may offer anything between 10 and 15 per cent in Tata Capital Financial Services
Launched by WPP in 1992, Kantar offers insights into the views of customers and consumers in over 100 countries
Chandra, Managing Director at Bain Capital Private Equity, says Tata and Reliance have followed that approach saying that they will take a long-term view and serve underserved customers