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 […]
Tag: ADIA
Non-Banking Financial Company IIFL Finance Limited said that its wholly owned subsidiary IIFL Home Finance Limited, an affordable housing finance company, has entered into definitive agreements for raising ₹2,200 Cr of primary capital for a 20% stake from a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA). Speaking on the occasion, Nirmal Jain, […]
DealShare, a social e-commerce startup, announced it has raised a $45 million funding from the wholly-owned subsidiary of the Abu Dhabi Investment Authority (ADIA) as part of a larger round, according to ETtech report. Tiger Global, Dragoneer Investments Group, Kora Capital, Unilever Ventures, Alpha Wave Global also participated in the funding round. Founded in 2018 […]
Blackstone has announced that private equity funds managed by Blackstone have entered into definitive agreements to acquire a majority stake in Mphasis Limited. A wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA), UC Investments and other long-term investors will co-invest along with Blackstone. Mphasis is a provider of Information Technology services specializing in […]
Mukesh Ambani-led Reliance Industries recently announced that it has secured $752mn from the Abu Dhabi Investment Authority for its digital arm, Jio Platforms. As part of the transaction, ADIA will reportedly buy 1.16% of stake in Jio Platforms. In a regulatory filing, Reliance said, ADIA’s investment in Jio Platforms, which comprises Reliance’s telecoms arm Jio […]