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M&A

Exclusive: Sutures may merge with another TPG portfolio firm ahead of IPO

January 18, 2017 | Joseph Rai & Ranjani Raghavan

Private equity firm TPG Growth is planning to consolidate two portfolio firms in the medical consumable sector in India as it seeks to test the public market for the business, two people aware of the development told VCCircle.

Exclusive: BillDesk acquires fintech payment product

January 17, 2017 | Bruhadeeswaran R

Private equity-backed IndiaIdeas.com Ltd, the firm that runs online payment gateway solutions provider BillDesk, has acquired a financial technology product from a Kochi-based company to increase capabilities in the mobile commerce segment, said a person close to the development.

Headhunting firm Accord to merge with Stanton Chase India franchisee

January 17, 2017 | Joseph Rai

Family-run recruitment services providers Accord Group and Stanton Chase India are merging operations in a bid to widen their reach in the country and across the globe, according to media reports.

SEBI revises M&A norms to improve disclosure standards

January 16, 2017 | Bruhadeeswaran R

The Securities and Exchange Board of India (SEBI) has revised the regulatory framework governing mergers and acquisitions by putting in place norms to improve disclosure and ensure larger participation of public shareholders.

TeamLease to acquire Keystone Business to boost IT staffing services

January 16, 2017 | Joseph Rai

Staffing firm TeamLease Services Ltd has agreed to acquire Bengaluru-based Keystone Business Solutions Pvt.

Exclusive: FirstCry in talks to buy out YourNest-backed mycity4kids

January 13, 2017 | Dearton Thomas Hector & Manu P Toms

Online baby care retailer FirstCry is in talks with parenting platform mycity4kids for an acquisition, a person close to the development told Techcircle.in.

Chinese group behind Golden Tulip buys majority stake in PE-backed Sarovar Hotels

January 12, 2017 | Joseph Rai

Domestic hospitality major Sarovar Hotels & Resorts will sell a majority stake to Europe-based Louvre Hotels Group, which is part of Chinese Group Jin Jiang International, a statement said on Thursday.

Exclusive: Samara scouting for buyers for healthcare portfolio firm

January 12, 2017 | Joseph Rai & Bruhadeeswaran R

Samara Capital Management Ltd, which is investing out of its second fund, has engaged an investment banking firm to scout for a strategic buyer for one of its healthcare portfolio firms, two persons aware of the development told VCCircle.

JSW Cement buying majority stake in Shiva Cement, makes open offer

January 12, 2017 | Bruhadeeswaran R

JSW Cement Ltd, part of the billionaire Sajjan Jindal-led JSW Group, has made an open offer to acquire a 32% stake in Shiva Cement Ltd from public shareholders as part of a plan to buy a controlling stake in the Odisha-based company.

Exclusive: Zuckerberg-backed Byju's to spend up to $30 mn on buying US gaming firms

January 12, 2017 | Binu Paul & Manu P Toms

Bangalore-based ed-tech startup Byju’s, incorporated as Think & Learn Pvt. Ltd, is scouting for acquisitions in the US to accelerate its international expansion. The company is evaluating a couple of gaming and learning apps that cater to the lower grades, starting from kindergarten.

WNS acquires procurement BPO firm Denali for $40 mn

January 12, 2017 | Manu P Toms

WNS Ltd, a Nasdaq-listed and Mumbai-headquartered business process management (BPM) company, has sealed a deal to acquire US-based Denali Sourcing Services for $40 million. WNS said it would fund the acquisition, its third-biggest ever, through long-term debt.

ICICI Prudential, Lombard acquire 10% stake in Fino PayTech for $17.26 mn

January 11, 2017 | Bruhadeeswaran R

Payments bank applicant FINO PayTech Ltd has closed Rs 400 crore in primary funding following the latest tranche of capital from ICICI Prudential Life Insurance and general insurer ICICI Lombard even as it awaits regulatory approval to launch the payments bank before early April, said a top compa

Bertelsmann subsidiary acquires IT startup Ramyam

January 11, 2017 | Disha Sharma

Arvato CRM Solutions, a global customer relationship management company and subsidiary of German conglomerate Bertelsmann, has acquired Bengaluru-based IT and analytics company Ramyam Intelligence Lab Pvt. Ltd, Arvato said in a statement on Wednesday.

Air Pegasus to fly again after stake sale deal with Flyeasy

January 10, 2017 | Subhabrata Dasgupta

Ailing regional airline Air Pegasus has agreed to sell a majority stake to peer Flyeasy, as the carrier looks to resume operations that it had suspended last year due to a cash crunch.

US-based PerkinElmer to acquire Tulip Diagnostics

January 10, 2017 | Joseph Rai

US-based PerkinElmer, Inc. on Tuesday said it has agreed to acquire in vitro diagnostics (IVD) company Tulip Diagnostics Pvt. Ltd for an undisclosed amount.

Venture Catalysts-backed CoutLoot buys fashion portal Once Again Store

January 10, 2017 | Varun Arora

Mumbai-based MJVS Fashion Services Pvt Ltd, which operates used-apparel reselling platform CoutLoot, has acquired Bengaluru-based Stororo Services Pvt Ltd, for an undisclosed amount. Stororo runs fashion and apparel portal for sellers Once Again Store.

New York Life Insurance picks up 22.51% in Max Ventures for $17.8 mn

January 10, 2017 | Bruhadeeswaran R

New York Life Insurance Company is acquiring a significant minority stake in Max Ventures and Industries Ltd (MaxVIL), the newest entity in the Max Group that was formed after the restructuring of Max India in 2016. 

PropTiger, Housing.com to merge in all-stock deal; get $55 mn fresh funding

January 10, 2017 | Manu P Toms

Online real estate brokerage PropTiger.com and property listing portal Housing.com will merge in an all-stock deal that quickens the pace of consolidation in the sector.

Alibaba leads $2.55 bn bid for Chinese retailer Intime

January 10, 2017 | Reuters

E-commerce firm Alibaba Group Holding Ltd and the founder of Intime Retail Group Co Ltd have jointly bid to take the Chinese department store operator private for HK$19.79 billion ($2.55 billion), the partners said on Tuesday.

McDonald's sells most of China, Hong Kong business to CITIC, Carlyle for $2.1 bn

January 09, 2017 | Reuters

McDonald's Corp has agreed to sell the bulk of its China and Hong Kong business to state-backed conglomerate CITIC Ltd and Carlyle Group LP for up to $2.1 billion, seeking to expand rapidly without using much of its own capital.

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