Accenture has completed its acquisition of Optimind, a Paris-based independent consulting firm that provides advisory services and solutions to help insurance firms, banks and large corporate clients to meet major challenges of competitiveness, transformation and regulation. Accenture announced its intent to acquire Optimind on March 17, 2023. Financial terms of the transaction were not disclosed. Optimind, recipient of…
Chase Corporation (Chase), a global manufacturer of protective materials for high-reliability applications across diverse market sectors, announced that it has entered into a definitive agreement to be acquired by an affiliate of investment funds managed by KKR, a leading global investment firm (as applicable, “KKR”). The all-cash transaction is valued at approximately $1.3 billion, including…
The Board of Directors of ITC Limited, at its meeting held today, evaluated and discussed various alternative structures for the Hotels Business towards crafting the next horizon of growth as also enhancing value creation for all stakeholders. The Board noted that the Company’s Hotels Business has matured over the years and is well poised to…
Group14 Technologies, the leading global manufacturer and supplier of advanced silicon battery technology, acquired Schmid Silicon Technology Holding GmbH (Schmid Silicon), the most technologically advanced silane producer in Europe, in a landmark move to strengthen the global battery supply chain and meet demand for silicon battery technology worldwide. As part of the acquisition, Group14 will bring…
Dell Technologies announced it has signed a definitive agreement to acquire Moogsoft, an AI-driven provider of intelligent monitoring solutions that support DevOps and ITOps. This transaction will further enhance Dell’s AIOps capabilities, as part of its longstanding approach of embedding AI functionality within its product portfolio and as a critical component of its “multicloud by design”…
Ares Management Corporation (Ares) announced that Ares has entered into a definitive agreement to acquire 100% of Crescent Point Capital (CPC), a leading Asia-focused private equity firm with approximately $3.8 billion of assets under management, as of March 31, 2023. Founded in 2003, CPC has approximately 50 professionals. The team is headquartered in Singapore and…
Sheela Foam Limited, a leader in Home Comfort products (foam-based) and the largest Polyurethane (PU) Foam manufacturer, announced two simultaneous deals, with controlling stake in Kurlon Enterprises Limited (flagship brand Kurl-on — Mattress of India) and a stake in Furlenco furniture (online furniture brand owned and operated by “House of Kieraya Private Limited” or “HOK”).…
Accel-KKR, a global technology-focused private equity firm, today announced that it has signed a definitive agreement to sell Kerridge Commercial Systems Ltd (“KCS”), an ERP and business management software provider for distributors, wholesalers and related trades, to CapVest Partners LLP (“CapVest”), an international private equity firm. KCS, headquartered in Berkshire, England, provides software to over 32,000 customers across the world in a…
IMAX Corporation announced it has filed a proposal to acquire the outstanding 96.3 million shares in IMAX China, a Hong Kong-listed subsidiary established by IMAX Corporation to oversee its business in Greater China, for approximately HK$10 per share in cash / $124 million. The offer represents an approximate 49% premium to the the 30-trading day average closing price. Upon approval…
CarTrade Tech Limited, one of India’s largest online auto platforms, announced the signing of an agreement to acquire the operations of OLX in India from OLX India BV (OIBV). The deal includes acquisition of 100% stake of Sobek Auto India Private Limited, consisting of the OLX Autos transaction businesses and the OLX classifieds platform for…
Sojern, the leading travel marketing platform, announced the acquisition of VenueLytics, the hospitality industry’s most integrated guest experience platform serving independent hotels, resorts, chains and casinos. Sojern will incorporate VenueLytics’ capabilities as an extension of the Sojern Travel Marketing Platform, a statement said. Sojern has long been a direct bookings driver for hotels—providing comprehensive digital advertising solutions…
Honeywell announced it has agreed to acquire SCADAfence, a leading provider of operational technology (OT) and Internet of Things (IoT) cybersecurity solutions for monitoring large-scale networks. SCADAfence brings proven capabilities in asset discovery, threat detection and security governance which are key to industrial and buildings management cybersecurity programs, a statement said. “It is essential to…
Tata Communications, a global digital ecosystem enabler, announced it has entered into a share purchase agreement through its Singapore-based subsidiary Tata Communications International Pte Limited (TCIPL) to acquire the remaining 41.9% equity in Oasis Smart SIM Europe SAS (Oasis), a leading embedded-SIM (eSIM) technology provider. The transaction enables TCIPL to gain complete 100% equity shareholding…
US-based management consulting firm Bain & Company announced that it intends to acquire the Asia Pacific arm of global venture-building and start-up development studio, Rainmaking, to help companies across the region better innovate, launch, and scale new businesses. Through its proposed acquisition of Rainmaking APAC, which comprises 50 entrepreneurial talents across key markets in Singapore, Japan and South Korea, Bain intends…
Valmet has on July 7, 2023, entered into an agreement to acquire Körber Group’s Business Area Tissue. The Business Area Tissue specializes in innovative converting and packaging technologies and services for the tissue industry. By combining the complementary offering and competencies of Valmet and the acquired business, Valmet creates the market’s widest technology, automation and…