Page 3 - M&as
M&A up 14.55 % in H120 led; Jio Platforms investments up deal value
As many as 183 deals generated $43.54 billion in 1H20, says report by financial data company.
 "M&A up 14.55 % in H120 led; Jio Platforms investments up deal value")
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.
 "As Asian deals disappear, India becomes unlikely hotspot for M&A")
Reliance increases stake in US-based tech company SkyTran to 26.3%
No regulatory approvals were required in India for the acquisition of shares
 "Reliance increases stake in US-based tech company SkyTran to 26.3%")
Slowdown roils deal street: M&As plunge 34.4% to $67 billion in 2019
The deepening slowdown has had its impact on the deal market in 2019 with mergers and acquisitions (M&As) plummeting over 34 per cent to USD 67.1 billion but still making it the second best, on the back of the USD 6-billion ArcelorMittal takeover of Essar Steel, according to a report. As per the report by Mergermarket, M&As in 2019 was the second highest in value despite declining 34.4 per cent in 2018, which was the best-ever. But, the report is positive about 2020 as the government has eased foreign investment restrictions and plans to divest state-owned companies. The report attributes the optimism to the relaxation in the foreign direct investment policy in August, loosening the restriction on coal and lignite mining, contract manufacturing, single-brand retail, and digital media, which may bring more opportunities to foreign investors. "Overall M&As touched USD 67.1 billion across 422 deals, down 34.4 per cent in value and 3.4 per cent in volume compared to 2018 when .
 "Slowdown roils deal street: M&As plunge 34.4% to $67 billion in 2019")
Tata Global sells its Czech business to Dr Muller Pharma for Rs 31 crore
According to the agreement, TGB Czech Republic will cease to be a subsidiary of the company
 "Tata Global sells its Czech business to Dr Muller Pharma for Rs 31 crore")
Kurl-on looks at acquisitions, aims to become a home furnishings company
The company plans to achieve a turnover of Rs 1,500 crore by next year
 "Kurl-on looks at acquisitions, aims to become a home furnishings company")
M&As likely to gain traction as more bankruptcy cases go to NCLT
In terms of actual deals, distressed M&As accounted for a nominal 3%of M&A volumes, with just 21 out of a total 623 deals closed since 2017
 "M&As likely to gain traction as more bankruptcy cases go to NCLT")
M&As on the rise as tech companies focus on top line growth
In the last couple of months, the IT and BPO space has seen a big uptick in M&A activities, with companies merging with other entities to become bigger players
 "M&As on the rise as tech companies focus on top line growth")
M&As grow in consumer durables sector
Debt-hit companies are under pressure from lenders to sell assets
 "M&As grow in consumer durables sector")
Jan sees 3-fold rise in M&As amid increasing consolidation
Going forward, the deal value is expected to stay positive
 "Jan sees 3-fold rise in M&As amid increasing consolidation")
Tower M&As riding on data growth prospects
Telcos need to continuously invest in data networks to improve tenancy for tower firms
 "Tower M&As riding on data growth prospects")
Japanese lender key financier of pharma M&As
Pharma is its second largest segment in Indian loan exposure, after oil and gas
 "Japanese lender key financier of pharma M&As")
Domestic M&As up 2.6 times
Domestic M&As rose 2.6 times to $31.8 billion in the first nine months of 2016
 "Domestic M&As up 2.6 times")
Hansa Cequity acquires Bengaluru -based D-Square Solutions
Deal is expected to expand Hansa's analytics offerings, and help it enter artificial intelligence & machine learning capabilities
 "Hansa Cequity acquires Bengaluru -based D-Square Solutions")
Synechron acquires UK-based Hatstand
Financial details not disclosed; deal builds Synechron's strengths in key areas such as cybersecurity, market data and risk compliance
 "Synechron acquires UK-based Hatstand")
India's M&A deal tally at $8.2 billion in Q1: Mergermarket
Construction became the most active target sector in India, with the top two transactions in this sector amounting to $3.1 billion
 "India's M&A deal tally at $8.2 billion in Q1: Mergermarket")
India Inc M&A spree sees 8-fold jump, March deal tally at $5.4 billion: Report
The deal tally for the first three months of the year stood at $8,925 million, a 31% jump over January-March 2015
 "India Inc M&A spree sees 8-fold jump, March deal tally at $5.4 billion: Report")
Apollo Global nears deal to acquire Fresh Market: sources
PE firm Apollo Global Management LLC is nearing a deal to acquire Fresh Market Inc, a US specialty grocery retailer, for more than $1.3 billion
 "Apollo Global nears deal to acquire Fresh Market: sources")
Regulators fog up definition of 'control over target firm'
The Merriam-Webster dictionary describes a bright-line test as something "not subject to misinterpretation or more than one interpretation"
 "Regulators fog up definition of 'control over target firm'")
