Greaves Electric Mobility Pvt. Ltd., the e-mobility arm of Greaves Cotton Limited, has announced the completion of its acquisition of 26% stake in electric-3 wheeler manufacturer, MLR Auto Ltd. P Sanjeev, Executive Director, MLR Auto, said, “We are now prepared to compete in the e3W sector of cargo and passenger transportation in the commercial clean…
Tag: acquisition
EIG signs agreement to acquire 10% interest in APLNG for US$1.592 billion
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•EIG, an institutional investor to the global energy and infrastructure sectors, has announced that it has entered into a definitive agreement under which it will acquire a 10% interest in Australia Pacific LNG Pty Limited from Origin Energy Limited for an equity purchase price of $1.592 billion. This agreement represents the first ever acquisition of…
Minda Industries acquires stake in solar power company Strongsun Renewables
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•Minda Industries Limited announced the acquisition of 28.10% stake in Strongsun Renewables Private Limited, the Special Purpose Vehicle (The SPV) Company. As per the company’s exchange filing, “it is informed that the Investment Committee of the Board of the Company at its meeting held on 22 October, 2021 has approved the second tranche of Investment…
Carlyle and Pemberton provide debt financing for H.I.G. Capital’s acquisition of Acqua & Sapone
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•Global investment firm Carlyle has announced that its Global Credit platform has provided the debt financing package, alongside Pemberton Asset Management, to support the acquisition of Cesar di Barbarossa Enio e F.lli S.r.l., Gruppo SDA S.r.l. Servizi Distribuzione Associati and VDM by an affiliate of H.I.G. Capital, LLC. The Companies operate under the Acqua &…
Metropolis Healthcare completes acquisition of chain of labs in South India
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•Diagnostic service provider Metropolis Healthcare announced it has completed the acquisition of Dr. Ganesan’s Hitech Diagnostic Centre Pvt. Ltd. (Hitech) along with its subsidiary Centralab Healthcare Services Private Limited. Metropolis has acquired 100% equity of Dr. Ganesan’s Hitech Diagnostic Centre Pvt. Ltd. & its subsidiary Centralab Healthcare Services Private Limited in all cash deal for…
SaaS startup ProfitWheel secures USD 3 million in investment from investors
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•SaaS Startup ProfitWheel has recently announced securing a total capital raise of USD 3 million. 50% of the total investment amount was acquired from Netcore Cloud, an acquisition, engagement and retention company and ProfitWheel co-founder, Vivek Bhargava. The remaining 50% of ProfitWheel’s investment is from over 15 Indian business leaders who have invested the remaining…
Scaler Academy acquires Coding Minutes
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•Edtech startup Scaler has acquired online learning platform Coding Minutes for USD 1 million in an all-cash deal. This is the second acquisition for the startup. In August, Scaler acquired Coding Elements to accelerate business growth, leading to their Data Science & Machine Learning vertical launch, a statement added. Bootstrapped by Prateek Narang, Mohit Uniyal and Jatin Virmani, Coding Minutes was started in…
Arthur J. Gallagher & Co. completes its Acquisition of Edelweiss Gallagher Insurance Brokers Limited
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•Arthur J. Gallagher & Co. has announced that it has completed its acquisition of Mumbai, India-based Edelweiss Gallagher Insurance Brokers Limited. Headquartered in Mumbai, with branches in Delhi, Kolkata and Bangalore, Edelweiss Gallagher Insurance Brokers Limited is an insurance/reinsurance broker offering general insurance solutions to clients across India within four business lines – corporate, affinity…
Clayton, Dubilier & Rice Reaches Agreement to Acquire PwC’s Global Mobility Tax and Immigration Services Business
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•Clayton, Dubilier & Rice and PwC have announced an agreement under which CD&R funds will acquire PwC’s Global Mobility Tax and Immigration Services business. “We are excited for the opportunity to become a free-standing organization and partner with CD&R to build on our market leadership and drive more value for clients,” said Peter Clarke, Global…
Accenture acquires Xoomworks
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•Accenture has acquired Xoomworks Group, a consulting and technology company that specializes in procurement technology, digital innovation and software solutions development. The acquisition will expand Accenture’s capabilities for helping clients accelerate technology-led business and procurement transformation. Terms of the transaction were not disclosed, the statement said. Established in 2000, Xoomworks operates two distinct businesses: Xoomworks Procurement, a specialist…
Sapio Analytics Acquires Public Company, Targets 1 Billion USD Valuation
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•Government advisory firm Sapio Analytics, headquartered in Mumbai, has taken controlling minority stakes in a public company, with an aim to expand its depth of reach to citizens of India. The acquisition is in form of a conditional agreement with payment in tranches, according to the statement released by the company, keeping the name of…
Crain Communications Inc Acquires Mercom Capital Group’s Digital Health Business
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•Crain Communications, parent company of Modern Healthcare, has announced the acquisition of Mercom Capital Group’s Digital Health Business, a source of digital healthcare financial data and research. The acquisition includes all of Mercom’s Digital Health research assets, including its funding and merger and acquisition (M&A) reports and subscriptions, databases, newsletters and other related assets. “For…
Crayon acquires cloud specialist rhipe
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•Crayon, a provider of IT services and innovation, has announced that it has acquired rhipe, an Australia-based cloud and licensing specialist, to further Crayon’s global expansion strategy and services portfolio. “We are incredibly excited to welcome rhipe to the Crayon family as part of our global expansion strategy,” said Crayon CEO Melissa Mulholland. “rhipe is…
Accenture acquires Bangalore-based AI firm BRIDGEi2i
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•Accenture has entered into an agreement to acquire BRIDGEi2i, an artificial intelligence (AI) and analytics firm headquartered in Bangalore, India, with additional offices in the US and Australia. The acquisition will add more than 800 deeply skilled professionals to Accenture’s Applied Intelligence practice, strengthening and scaling up its global capabilities in data science, machine learning and AI-powered insights.…
EQT Private Equity to sell Adamo to Ardian
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•EQT announced that the EQT Mid Market Europe fund (EQT Private Equity) has agreed to sell Adamo Telecom (Adamo) to Ardian Infrastructure (Ardian). Headquartered in Barcelona, Spain, Adamo is currently the fastest growing and leading open access rural fiber-to-the-home (FTTH) platform in Spain. With a unique nationwide footprint, the Company provides fixed broadband and mobile…