Page 2 - M&a Deals

Naspers-owned Prosus terminates $4.7 billion deal to acquire BillDesk

Prosus has been a long-term investor and operator in India, putting in close to $6 billion in Indian technology companies since 2005

Todays Top Headlines: India's 5G spread, Prosus-BillDesk M&A deal, and more

Global telecom gearmaker Ericsson's senior vice-president Nunzio Mirtillo believes that India will see one of the fastest 5G adoptions in the world

Tax department move to tax goodwill could expand in the next Budget

While the new tax is not retrospective in nature, it will impact foreign companies buying into Indian companies going ahead

Adani Green acquires SB Energy, India's largest renewables M&A deal

Just last week, Adani Group Chairman Gautam Adani had announced that the Group would invest over $ 20 billion across the next 10 years in renewable energy generation

Cipla eyes acquisitions in India, US after Covid-led windfall

With a funding frenzy currently underway in India, Cipla may struggle to find attractive targets

Pandemic or not, business as usual for deal street as M&As soar 44% in H1

Despite the second wave of Covid-19 scuppering normal life, the deal street was busy in the first half of 2021, closing 44 per cent more deals worth USD 49.34 billion than in the same period in 2020 that was also ravaged by the first wave of the killer viral infections, shows an industry report. Mergers and acquisitions (M&As) were worth USD 34.3 billion in the same period in 2020. Deal volume grew 5 per cent to 730 from 693 a year ago, according to the latest data from Refinitiv, the LSE Group arm that is into financial markets data. Of the total, cross-border M&As amounted to USD 21.73 billion across 210 deals, up from USD 16.02 billion across 195 deals in the same period in 2020. Globally, quarterly M&As surpassed USD 1 trillion for fourth consecutive quarter, making it the strongest year-on-year percentage growth on record. Worldwide M&As totalled USD 2.8 trillion during the first half, up a record 132 per cent compared to the same period last year. This is the ...

Covid impact: Million-dollar M&A deals sealed over phone, Zoom calls

Some buyers are insisting on a clause in the agreement that the whole deal hinges on physical verification at a later date with some part of payment kept in escrow

M&A deals move into slow lane as investors worry about Covid fallout

Bankers say sale of Lavasa Corp, currently under bankruptcy, and RCap and Reliance Naval deals will be delayed, as bidders are re-thinking plans

Tessolve raises $40 mn from Singapore's Novo Tellus at $100 mn valuation

The funding will be used by Tessolve, a Hero Electronix venture, to drive further growth through acquisitions and organic investments

M&A pick-up: Feb numbers top current fiscal with 44 deals worth $4 bn

Consumer, retail and food segment topped the charts in terms of both, deal volumes and value

Advent to buy controlling stake in ZCL at enterprise value of Rs 1,700 cr

Advent is a private equity fund

India Inc goes on M&A spree despite Covid, health a key focus area in 2021

BPCL, Air India, airport acquisitions to dominate headlines in New Year

Gilead nears deal to buy Immunomedics for more than $20 bn: WSJ report

Gilead Sciences Inc is said to be nearing a deal to buy biopharmaceutical company Immunomedics Incfor more than $20 billion in a deal that would further expand Gilead's portfolio of cancer treatments

Goldman Sachs comes up with Tinder for mergers in a social-distanced world

After all, this weekend's flurry of deal activity shows that not even the coronavirus can stifle M&A demand for long

As Asian deals disappear, India becomes unlikely hotspot for M&A

Thanks to investments in Jio, India accounts for more than 12 per cent of announced deals in the Asia Pacific region so far this year, the highest ratio since at least 1998.

Carlyle Group to buy 20% stake in Piramal Pharma for over Rs 3,700 cr

US-based Carlyle Group Inc will pick up a 20% stake in Piramal Pharma for around $490 million (over Rs 3,700 crore), Piramal Enterprises said on Saturday

Facebook to Mubadala: Investors queue up for stake in Jio Platforms

Including investment by the Abu Dhabi fund, Reliance has now sold a combined 19% interest in Jio Platforms in six deals announced over as many weeks

Year in review: After record 2018, M&A activity plunges to $52 bn in 2019

Merger and acquisitions seem to have become a big casualty of corporates' debt distress as India Inc learnt it hard way in 2019 that their first priority was to meet their loan repayment obligations and suitors from abroad also seemed reluctant in wooing distressed targets for any matchmaking. This has led to a mostly muted scene on India's corporate deal street this year, after a blockbuster 2018, while economic slowdown fears further came in the way for any significant merger and acquisition deals. But, experts are hopeful that the scenario might change in the new year, provided the economy rebounds from its lows. The domestic deal-making activities were also hit by weak corporate governance and a huge liquidity crunch in 2019, while the global deals were also hard to come by due to various factors including uncertainties caused by the USChina trade war, which left many investors in a wait-and-watch mode. According to leading law firm Baker McKenzie, the total M&A tally for ...

With 72 deals worth $3.7 bn, PE investments register growth in Oct: Report

Private equity investments witnessed a robust yearly growth in October with 72 PE deals garnering around USD 3.7 billion, even as merger and acquisition activity saw a downtrend, a report said on Thursday. According to Grant Thornton's monthly PE Dealtracker, private equity/venture capital transactions reported 22 per cent and 25 per cent increase in deal volumes and values, respectively as compared to October 2018. The rise in PE deal values was largely driven by the corporate tax rate cut, which has improved both investor sentiment and confidence. Last month, the average deal size stood at USD 52 million, up from USD 28 million recorded in September 2019. "There were 72 deals aggregating to USD 3.7 billion reported in October 2019. Upbeat PE/VC activity during the month offsets the shortfall in merger and acquisition (M&A) activity," Pankaj Chopda, Director, Grant Thornton India LLP said. "The key investments were primarily to pare debt, expand markets and capitalise on ...

Merger and acquisition deals drop by 45% in value terms in October

M&A activity in October 2019 witnessed a decline compared to same month last year primarily due to low activity in the domestic deal trends