MSC Group announced that its wholly owned subsidiary SAS Shipping Agencies Services has completed the acquisition of Bolloré Africa Logistics. The transaction has been approved by all relevant regulatory authorities. MSC’s acquisition of Bolloré Africa Logistics SAS and its subsidiaries (“Bolloré Africa Logistics Group”) underscores MSC’s long-term commitment to investing in African supply chains and infrastructure…
Tata Communications, a global digital ecosystem enabler, announced it has entered into a definitive agreement through its wholly owned international subsidiary Tata Communications (Netherlands) B.V. to acquire The Switch Enterprises LLC. New York-headquartered, The Switch is a leading global end-to-end live video production and transmission services provider with reach to top tier sporting venues in North…
SuperCluster Pi (House of Brands) has acquired controlling equity in Auravedic, a modern Ayurvedic beauty brand. The brand specializes in combining years of knowledge in Ayurveda with modern technology to bring the best of skincare, with a category leading Kumkumadi oil across marketplaces like Amazon, Nykaa, Purplle, etc. This acquisition will enable SuperCluster Pi to…
Telecom major, Bharti Airtel (Airtel), announced that it has acquired a strategic stake in Lemnisk (Immensitas Private Limited) under Airtel’s Start Up Accelerator Program. The deal is subject to all applicable statutory approvals. Lemnisk is a Bengaluru based Start Up that offers Real-Time Marketing Automation and secure Customer Data Platform (CDP) capable of orchestrating 1-to-1…
KKR, a global investment firm, and Bushu Pharmaceuticals Ltd. (Bushu Pharma) announced the signing of definitive agreements under which KKR will acquire all shares in Bushu Pharma from BPEA EQT. Following the transaction’s completion, KKR aims to accelerate Bushu Pharma’s growth and further position the Company as a leading contract development and manufacturing organization (“CDMO”)…
Mars, Incorporated, a family-owned, global leader in confectionery, snacking, food, and pet care products and services announced that it has signed an agreement to acquire Trü Frü, a whole-fruit snacking brand from its founders and management team. Trü Frü’s innovative, high-quality and unique snacks are made from real fruit and immersed in premium chocolate. The…
Integrated logistics player, Delhivery, announced the acquisition of Pune-based Algorhythm Tech Private Limited (Algorhythm Tech), an innovative Supply Chain Products and Solutions company. Upon completion of the acquisition, Algorhythm Tech will become wholly owned subsidiary of the Company, a statement said. According to the company’s exchange filing, “we hereby inform you that the Board of…
J.C. Flowers & Co. LLC (J.C. Flowers), a private investment firm dedicated to investing globally in the financial services industry, announced that the J.C. Flowers Asset Reconstruction Company (the ARC) has completed the purchase of a pool of nonperforming assets (NPAs) with a principal balance of 480 billion rupee (approximately $6 billion) from YES BANK, a Mumbai, India based bank.…
WNS (Holdings) Limited, a provider of global Business Process Management (BPM) solutions, announced it has acquired The Smart Cube, a leader in platform-driven research and analytics (R&A) focused on procurement and supply chain, and OptiBuy, a European provider of procurement platform consulting and implementation solutions. Founded in 2003 and headquartered in London, UK, The Smart Cube provides…
Hindustan Foods Limited (HFL) has executed Business Transfer Agreement (BTA) for acquisition of Reckitt Benckiser Health India Private Limited’s (Reckitt) manufacturing facility in Village Sandholi, Baddi, Himachal Pradesh as a move to further expand its Health Care & Wellness division. Upon completion, this acquisition will further enhance the company’s offerings in the OTC Healthcare and…
Global service supply chain solutions provider Flash Global announced that Comvest Partners (Comvest), an operationally focused middle-market private investment firm, has made a strategic private equity investment in the company in partnership with Flash Global’s leadership team. Financial terms of the transaction were not disclosed. Founded in 1983, Flash Global specializes in post-sales service supply…
NowVertical Group Inc. (NOW), the VI software and solutions company, announced that it has entered into a definitive agreement to acquire 100% of the issued and outstanding securities of two U.K. based data analytics solution providers, Acrotrend Solutions (Acrotrend) and Smartlytics Consultancy (Smartlytics) for total gross consideration of US$6.45 million, subject to customary post-closing adjustments.…
PayTabs, a payments firm based in Saudi Arabia, announced that it had acquired a 100% stake in Paymes, Turkey’s largest social commerce platform. The news of the acquisition comes just weeks after PayTabs acquired Saudi Arabia’s Digital Pay in November 2022, a statement said. Under the terms of the acquisition, Paymes will serve as PayTabs social commerce platform empowering millions of freelancers, artisans,…
Tecnotree, a market leader in 5G digital Business Support Systems (BSS), with AI/ML capabilities and multi-cloud extensibility, announced its plans to acquire CognitiveScale (CS), a US-based pioneer in the space of AI Engineering and provides solutions for scalable enterprise AI development and deployment. Tecnotree’s global footprint with over 90 Telecom customers in 70 countries around…
Mediawan, a leading independent premium content studio in Europe led by Pierre-Antoine Capton, and Plan B Entertainment, an award-winning US based production company co-founded and led by Brad Pitt, along with co-presidents Dede Gardner and Jeremy Kleiner, announce that they have entered into a definitive agreement for Mediawan to acquire a significant stake in Plan B. …