Singtel, Asia’s leading communications technology group, and leading global investment firm KKR have reached a definitive agreement under which a fund managed by KKR will commit up to S$1.1 billion (~US$800 million) for a 20% stake in Singtel’s regional data centre business. This investment puts the enterprise value of Singtel’s overall regional data centre business at S$5.5 billion. KKR will…
CRISIL, an S&P Global company, has entered into a definitive agreement to acquire Bridge To India Energy Private Limited (Bridge To India), a leading renewable energy consulting and knowledge services provider to financial and corporate clients globally. Bridge To India provides its clients 360-degree insights into the renewable energy market founded on deep domain expertise and…
Sempra Infrastructure, a subsidiary of Sempra, announced that it has completed the sale of a 42% indirect, non-controlling interest in its Port Arthur LNG Phase 1 project to KKR. The transaction, which closed in accordance with the terms previously disclosed, results in Sempra Infrastructure retaining a controlling 28% indirect interest in Phase 1 at the project level, and…
Wego, the largest online travel marketplace in the Middle East and North Africa (MENA) acquired Travelstop, a revolutionary platform that simplifies business travel and expense management for companies globally. This strategic move will expand Wego’s reach into business travel and expense management, a statement said. The acquisition will also empower Travelstop to tap into Wego’s regional network and leverage…
Bacardi Limited, the largest privately held international spirits company in the world, announced the completion of a transaction that makes the family-owned company the sole owner of ILEGAL Mezcal, a leading super premium artisanal mezcal. The transaction follows a successful relationship in which Bacardi partnered with ILEGAL since 2015, a statement said. The super premium…
SaaS company Exiger announced that it has signed an agreement with Capgemini, a leading business and technology transformation services company, for the sale of its market-leading Financial Crime Compliance (FCC) division. The transaction is due to close in the coming months. This comes at a time when Exiger is experiencing accelerated growth and penetration in the…
Encora, a global next-gen digital engineering services company, announced that it has closed the acquisition of Softelligence, a Romanian software engineering services provider. The acquisition, originally announced on May 16, 2023, establishes Encora’s first delivery centers in Europe and further enhances the company’s ability to deliver nearshore services to clients in the Americas, Asia, Australia and now Europe, as per the…
Accenture has acquired Nautilus Consulting, a leading digital healthcare consultancy in the U.K. that specializes in Electronic Patient Record (EPR) solutions. The acquisition will enhance Accenture’s digital transformation, implementation, and optimization capabilities across the U.K. and global healthcare space, a statement said. Nautilus joins Accenture’s Health Strategy & Consulting team in the U.K., bringing expertise in…
Abbott, a global healthcare leader, and Bigfoot Biomedical announced a definitive agreement for Abbott to acquire Bigfoot, a leader in developing smart insulin management systems for people with diabetes. The transaction is subject to customary closing conditions and is expected to close in the third quarter of 2023. Financial terms were not disclosed. Abbott and Bigfoot have worked together on connected…
Sumitomo Chemical India Limited (SCIL), a subsidiary of one of the leading global diversified chemical companies Sumitomo Chemical Co., Ltd., Japan (SCC Japan) and a leading player in Indian agrochemical, household insecticides and animal nutrition sectors, announced signing of definitive agreements to acquire majority stake of Barrix Agro Sciences Pvt Ltd. (Barrix). Since more than…
Accenture has acquired ATI Solutions Group (ATI), a Perth-based consulting service provider to the mining, energy and rail industries. ATI will enhance Accenture’s capabilities in West Australia, where specialized digital and industrial talent is in high demand. Terms of the transaction were not disclosed. ATI offers clients a broad skill set and has experience across a wide range…
In a strategic move to bolster its presence in the Electric Vehicle (EV) segment, Gulf Oil Lubricants India Limited (GOLIL), a Hinduja Group Company, announced to acquire controlling stake in Tirex Transmission Pvt Limited for ~ INR 103 Crores subject to the completion of definitive agreements and the satisfaction of predetermined closing conditions. This is…
Global investment firm KKR and PAG, a leading alternative investment firm focused on Asia Pacific, announced the signing of definitive agreements under which PAG will acquire KKR’s controlling interest in Australian Venue Co (“AVC”). Financial terms of the transaction were not disclosed. AVC is an established food and beverage hospitality business that owns and operates…
Cyril Amarchand Mangaldas acted as legal counsel for Navi Technologies and Navi Finserv on sale of 100% stake in their microfinance subsidiary Chaitanya India Fin Credit, to Svatantra Microfin, a group company of the Aditya Birla Group, for a purchase consideration of Rs. 1479 Crore. Chaitanya is engaged in business of providing microfinance loans to joint-liability groups and is…
Titan Company Limited announced that it has signed a Share Purchase Agreement with the Founder of CaratLane Trading Private Limited (‘CaratLane’) and his family members to acquire all the shares held by them representing 27.18% of the total paid-up equity share capital (on a fully diluted basis) of CaratLane for a total consideration oft 4,621…