The Flipkart Group and Arvind Fashions (AFL) announced that they have strengthened their partnership, through an investment of ₹260 crore by the Flipkart Group to purchase a significant minority stake in AFL’s recently formed subsidiary Arvind Youth Brands which owns the Flying Machine brand. “This investment builds on the long-standing engagement between the two organizations…
Freshworks, the customer engagement software company, announced that it has completed a key acquisition with Flint, a leading IT orchestration and cloud management platform, to bolster Freshservice’s IT service management (ITSM) and IT operations management (ITOM) capabilities. Freshworks said that the acquisition will provide greater visibility for IT teams to better manage hybrid infrastructure, optimize…
BrowserStack, the world’s leading web and mobile app testing platform, announced the acquisition of Percy, the leading visual testing and review platform. With this acquisition, developers and quality assurance (QA) teams can run everything from visual tests to manual and automated functional tests on BrowserStack’s infrastructure and ship high-quality software at speed, BrowserStack said in…
CareerArc, a global leader in social recruiting and outplacement technology, announced the acquisition of its outplacement arm by Gi Group, Italy’s largest multibillion-dollar, multinational human resources (HR) services company. Post acquisition, CareerArc Outplacement will be rebranded as Intoo USA and will join Gi Group’s portfolio of operations in more than 57 countries across Europe, Asia,…
Dominion Energy, one of the largest producers and transporters of energy in the US, announced that it has executed a definitive agreement to sell substantially all of its Gas Transmission & Storage segment assets to an affiliate of Berkshire Hathaway Inc. in a transaction valued at $9.7 billion, including the assumption of $5.7 billion of…
Argus, a London-based leading global commodity information service provider, announced that it has purchased Agritel, the expert provider of information, consulting and forecasting on agricultural and agro-industrial markets. Agritel was founded nearly 20 years ago by Michel Portier and offers data and analysis tools to help farmers and agro-industrial companies manage risk in agricultural commodity…
KKR, a global investment firm, announced that it has entered into a definitive agreement to purchase a controlling stake in J.B. Chemicals & Pharmaceuticals Ltd, one of the leading Indian pharmaceutical companies specializing in branded formulations. As part of the agreement, KKR will acquire its stake from the founding Mody family at a purchase price…
A consortium led by KKR that includes Temasek, announced that it has completed the acquisition of an investment in Vinhomes Joint Stock Company, the leading integrated real estate developer in Vietnam. The KKR-led consortium has collectively invested VND15.1 trillion (US$650 million) which translates into a c.6% equity stake in Vinhomes. Following the transaction, Vingroup Joint…
OneWeb, the communications company whose mission is to bring connectivity to governments, businesses, and people everywhere, announced that it has entered into an agreement with a consortium led by HMG (through the UK Secretary of State for Business, Energy, and Industrial Strategy) and Bharti Global Limited for the acquisition of the OneWeb business in connection…
Informatica, the enterprise cloud data management leader, announced that it has acquired Compact Solutions LLC to bring expanded metadata management to the Informatica Intelligent Data Platform, powered by the CLAIRE AI engine. Informatica said that the acquisition will strengthen its current leadership in metadata-driven AI and automation and extends capabilities that enable Informatica customers to…
Affle (India) Limited through its subsidiaries (“Affle”), announced the signing of a definitive agreement to acquire 8.0% ownership in OSLabs Pte. Ltd., Singapore (“Indus OS”). Indus OS operates India’s largest independent indigenous app store, with key investment from Samsung Venture Investment Corporation. Indus OS’ key offering – “Indus App Bazaar” has over 400,000 apps accessible…
MPS Limited (MPS), a leading provider of content, learning, and platform solutions, announced that it has completed the acquisition of HighWire Press. HighWire has long been an industry thought leader and has championed many of the digital standards and initiatives that have shaped modern scholarly publishing. “MPS and HighWire share an ethos of embedding flexibility…
Sun Life Financial Inc, a leading international financial services organization providing insurance, wealth and asset management solutions to individual and corporate Clients, announced the completion of its majority stake acquisition of InfraRed Capital Partners. InfraRed will be part of SLC Management, Sun Life’s alternatives asset management business. The Company said that the acquisition will broaden…
Marico, one of India’s leading consumer products companies operating in the global beauty and wellness space, announced that it has acquired Ahmedabad-based men’s grooming startup Beardo, according to a YourStory report. Founded in 2015 by Ashutosh Valani and Priyank Shah, Beardo is an official brand manufacturer of natural ordinary oils for bearded men. It is…
Aspire Systems, a global information technology services company, announced that it has acquired a majority stake in RapidValue Solutions, a digital product engineering services and solutions. As part of the agreement, Aspire Systems is buying out the entire stake of Helion Ventures to become the majority shareholder. The acquisition will enable Aspire to strengthen its…