Cordillera Holdings LLP, a newly created insurance-focused investment platform, has announced that on November 1st, it had through its subsidiary, Bona Holdings LLC, completed the acquisition of Sunset Life Insurance Company of America with veteran annuities industry executive Nathan Gemmiti serving as Chief Executive Officer of the Carrier. The initial capital for the acquisition and…
Hyatt Hotels Corporation has announced that Hyatt has completed the previously announced acquisition of Apple Leisure Group® (ALG), a luxury resort-management services, travel and hospitality group, from affiliates of each of KKR and KSL Capital Partners, LLC. According to a statement, “through this acquisition, Hyatt has added properties in 11 new European markets and expanded…
Unacademy, India’s learning platform, has announced the acquisition of Swiflearn, an EdTech platform that provides live face-to-face online tuitions for CBSE & ICSE students of grades 1 to 10. The acquisition is in-line with Unacademy’s plans to strengthen its position in the K-12 category and optimise its product offerings in the space, according to a…
Yokogawa Electric Corporation has announced that it has acquired all shares of Insilico Biotechnology AG, a Stuttgart, Germany-based developer and provider of bioprocess software and services. A statement said, “Fostering the development of the bioeconomy is one of the priority issues within Yokogawa’s sustainability goals, and in line with that the company aims to leverage…
Global investment firm KKR and Biosynth Carbosynth, a life sciences reagents and custom synthesis and manufacturing services company, announced that KKR has agreed to acquire Biosynth Carbosynth from Armira and CEO Dr. Urs Spitz. Financial details of the transaction were not disclosed. Dr. Spitz and senior managers of the company will retain a significant ownership…
TricorBraun announced that it has successfully completed its acquisition of premium glass packaging supplier Vetroelite. Financial terms of the deal were not disclosed. The acquisition grows TricorBraun’s European presence and continues the company’s global expansion, a statement said. “We are pleased to expand our services to customers in Europe, while supporting Vetroelite’s growth,” said Court Carruthers,…
FINVASIA announced its investment in a Canada based healthcare technology company Gini Health. This acquisition furthers FINVASIA’s strategic business objectives of investing in traditional business and transforming them, the statement said. Effective immediately, all the previous investors have exited, making FINVASIA and Gini Health’s founder and CEO Gurjot Narwal key stakeholders in the company. This…
Accenture has acquired BCS Consulting, a U.K. management consultancy that delivers complex business change for financial services firms. Headquartered in London, BCS Consulting’s 250 strong team joins Accenture’s U.K. Financial Services Strategy and Consulting practice. Terms of the transaction were not disclosed. Founded in 2001, BCS Consulting drives major change programmes for the UK’s leading financial services…
Suprajit announced it has signed a Definitive Share and Asset Purchase Agreement to acquire Light Duty Cable (LDC) business unit on October 28, 2021 with Kongsberg Automotive ASA, listed on the Oslo Stock Exchange, Norway. The LDC business unit of Kongsberg Automotive Group consists of cable business, supplying to automotive, non-automotive and 2-wheeler segments along…
HT Media Limited announced it has acquired 19.99% equity stake in edtech company Digital Performance Media Private Limited (Digiperform). According to the company’s exchange filing, “this is to inform you that the Company has acquired 19.99% equity stake in Digital Performance Media Private Limited (Digiperform). Particulars of the above acquisition as per SEBI’s circular no.…
Takeda Pharmaceutical Company Limited has announced the exercise of its option to acquire GammaDelta Therapeutics Limited, a company focused on exploiting the unique properties of gamma delta (γδ) T cells for immunotherapy. “We’re committed to developing cell therapies that will have an impact on large segments of patients by focusing on off-the-shelf, allogeneic cell therapies…
Clearway Energy, Inc. through its subsidiary Clearway Energy Operating LLC, announced it has entered into a binding agreement to sell its Thermal Business to KKR for total consideration of $1.9 billion, subject to closing adjustments. The Company’s Thermal Business, commercially known as Clearway Community Energy, consists of thermal infrastructure assets that provide steam, hot water…
AlphaSense, a market intelligence and search platform, has acquired Stream by Mosaic, provider of library of expert interview transcripts. This acquisition allows AlphaSense to add its AI search technology on top of the content platform, and is consistent with the companies’ shared mission to empower business and financial professionals to make smarter decisions through the…
Tech Mahindra announced acquisitions of 100% stake in Infostar LLC and We Make Websites (WMW). According to the company’s exchange filing, “we wish to inform that the Company through its wholly owned subsidiaries has approved the proposal to acquire the following entities: 1. Acquisition of 100% shareholding in Infostar LLC by Tech Mahindra (Americas) Inc,…
Sysnet Global Solutions, a provider of cyber security and compliance solutions, announced that it has acquired SecureTrust, a division of Trustwave, to further expand its cyber security solutions and accelerate its market expansion. SecureTrust, a provider of Payment Card Industry (PCI) compliance, provides innovation and processes for achieving and maintaining compliance and security. SecureTrust has…