KKR, a global investment firm, and Gaw Capital Partners (Gaw Capital), a leading real estate private equity firm, announced the signing of definitive agreements under which funds managed by KKR and Gaw Capital will acquire Hyatt Regency Tokyo (or “the Hotel”), an iconic luxury hotel located at the heart of Tokyo, from Odakyu Electric Railway…
Mynavi Corporation has acquired People Matters Media Private Limited, an HR media platform operator in India, recently and made it a subsidiary. This is the first time Mynavi has acquired an Indian company as a subsidiary. People Matters provides information on the latest trends, ideas, and knowledge related to HR in its own media products. The company…
MosChip, a leading Semiconductor & Embedded design services & Solutions company, announced that it has signed “Share Purchase Agreement” to acquire Softnautics Inc, a California based company with a focus on Product Engineering Solutions in Embedded, FPGA and VLSI. Softnautics has offices in California and India (Pune and Ahmadabad). The acquisition of Softnautics brings highly…
D2C Ecommerce, a homegrown multi-D2C brand online platform has acquired leading lifestyle electronics brand ‘HiLife from Hungama’. Through this acquisition, D2C Ecommerce will expand its offerings in the electronics segment which includes smart wearables, headphones, fitness trackers and LED televisions. The young ecommerce startup had recently launched India’s first Smart LED TV with two remotes,…
Accenture has agreed to acquire industrial artificial intelligence (AI) company Flutura, headquartered in Bangalore, India. Flutura will strengthen Accenture’s industrial AI services to increase the performance of plants, refineries, and supply chains while also enabling clients to accomplish their net zero goals faster. Accenture plans to bring Flutura’s capabilities to clients in the energy, chemicals, metals,…
Uno Minda Limited (“Uno Minda”) (formerly known as Minda Industries Limited), a Tier-1 supplier of proprietary automotive solutions and systems to original equipment manufacturers (“OEMs”) has announced that its Board has approved acquisition of 81.69 % stake in Kosei Minda Aluminum Company Private Limited (“KMA”) and 49.90% stake in Kosei Minda Mould Private Limited (“KMM”)…
Univar Solutions Inc., a global specialty chemical and ingredient distributor, and Apollo announced that funds managed by affiliates of Apollo (the “Apollo Funds”) have entered into a definitive merger agreement to acquire the Company in an all-cash transaction that values the Company at an enterprise value of approximately $8.1 billion. The transaction includes a minority investment from…
SAP SE announced it has agreed to sell all of its 423 million shares of Qualtrics International Inc. as part of the acquisition of Qualtrics by funds affiliated with Silver Lake (collectively, “Silver Lake”) as well as Canada Pension Plan Investment Board (CPP Investments). At a purchase price of US$18.15 in cash per share, the transaction corresponds to a…
EIG, a leading institutional investor in the global energy and infrastructure sectors, announced the completion of its acquisition of a 25% interest in Repsol Upstream, a newly-formed, gas-weighted exploration & production company comprising Repsol’s entire global upstream oil and gas business. Breakwater Energy, a wholly owned subsidiary of EIG, acquired the 25% interest in Repsol…
Signify, the world leader in lighting, announced the acquisition of Intelligent Lighting Controls, Inc. (ILC), a market-leading U.S. manufacturer of wired control systems, expanding its connected portfolio. Intelligent Lighting Controls’ sales are primarily focused on energy-saving control systems in applications such as healthcare, education, offices, and sporting venues. ILC, which was founded in 1990, will continue…
Axis Bank, one of India’s largest private sector banks, has completed the acquisition of Citibank’s consumer business in an accelerated time frame of within 7 months post receipt of CCI approval. The deal has been closed with Axis Bank paying a total purchase consideration (after customary & contractual adjustments) of INR 11,603 Cr* to Citibank…
Rockwell Automation, Inc., the world’s largest company dedicated to industrial automation and digital transformation, announced that it acquired Knowledge Lens. Based in Bengaluru, India, Knowledge Lens is a services and solutions provider that delivers actionable business insights from enterprise data, combining digital technologies with deep data science, artificial intelligence (AI), and engineering expertise. Knowledge Lens…
Global investment firm KKR announced that KKR has completed KKR’s acquisition of Hitachi Transport System Ltd. (HTS). KKR holds the shares of HTS through HTSK Co., Ltd. (“HTSK”), a special purpose entity which owns 100% of the shares with voting rights in HTS, and through HTSK Holdings Co., Ltd. (“HTSK Holdings”), a 100% parent and holding company of HTSK.…
Dr. Reddy’s Laboratories SA, wholly-owned subsidiary of Dr. Reddy’s Laboratories Ltd., along with its subsidiaries together referred to as “Dr. Reddy’s”) announced that it has entered into a definitive agreement to acquire the U.S. generic prescription product portfolio of Salisbury, Australia, based Mayne Pharma Group Limited. The portfolio includes approximately 45 commercial products, four pipeline…
Tega Industries announced that the National Company Law Tribunal (NCLT) has approved its Resolution Plan for the acquisition of McNally Sayaji Engineering Limited (MSEL), as per the order dated 24th of February 2023. This acquisition by Tega represents a decisive initiative towards long-term portfolio (products and services) expansion. This wider portfolio is expected to enhance…