Category: Mergers & Acquisitions

KKR-backed Radiant Life Care acquires Max Healthcare Institute Limited.

Global investment firm KKR-backed hospital management company Radiant Life Care has acquired a majority stake in Max Healthcare Institute Limited from Max India Limited. Radiant Life Care will be acquiring 49.7% stake in Max Healthcare from South Africa-based hospital operator Life Healthcare in an all-cash deal. The acquisition will be followed by a de-merger of…

GlaxoSmithKline plc and Pfizer Inc to form new Consumer Healthcare Joint Venture.

GlaxoSmithKline plc has reached an agreement with Pfizer Inc to combine their consumer health businesses into a new world-leading Joint Venture, with combined sales of approximately £9.8 billion ($12.7 billion). The JV will operate globally under the GSK Consumer Healthcare name. Under the terms of the transaction, GSK will have a majority controlling equity interest…

IDFC Bank and Capital First merged to form IDFC First Bank, appoints V Vaidyanathan as MD and CEO.

IDFC Bank Ltd. and Capital First Ltd. today announced the completion of merger following the approval of shareholders and regulators. The merged entity will be called IDFC First Bank, subject to shareholders’ approval. V Vaidyanathan, Founder and Chairman of Capital First will be the Managing Director and Chief Executive Officer of the merged entity. He…

Hitachi Acquires ABB’s Power Grids Business.

  Hitachi, Ltd. the Japanese multinational conglomerate company headquartered in Tokyo, today announced that it has decided to acquire the world-leading power grids business from Switzerland based ABB Ltd and has signed an agreement with ABB. The firm plans to initially acquire an 80.1% stake in the Power Grids business and expects to close the acquisition…

Walmart Labs India acqui-hires AI startup Int.AI.

Walmart Labs India, the local product development division of US retail giant Walmart has acqui-hired key tech team from Artificial Intelligence (AI) and data analytics start-up Int.AI, this is the second acqui-hire made by the retailer in India Acqui-hire refers to the buy out (a company) primarily for the skills and expertise of its staff, rather than for…