The week saw its fair share of prominent deals involving companies including Pepperfry, DEN Networks, Aptus Value Housing Finance and Swiggy.
Aptus Value Housing Finance, which provides housing loans with a focus on middle-income customers, raised $40 million while online furniture retailer Pepperfry pocketed $31 million in Series E funding.
Delhi-based cable television operator DEN Networks raised $21 million from Goldman Sachs via the public-equity route. Food-ordering app Swiggy received $15 million in a Series D round of funding led by Bessemer Venture Partners.
In the M&A space, media tycoon Subhash Chandra-promoted tube packaging company Essel Propack bought out its partner’s entire stake in its German joint venture Essel Deutschland Gmbh & Co. KG for $24 million, to take complete control of the venture.
The consumer-care division of tech billionaire Azim Premji-promoted Wipro consolidated its position in China with the acquisition of Chinese FMCG firm Zhongshan Ma Er Daily for an undisclosed amount. Retail pioneer Kishore Biyani’s Future Group acquired supermarket chain Sangam Direct from the Wadhawan group.
Gautam Adani-led Adani Group bought the company that operates Australia’s Abbot Point Coal Terminal from Glencore Plc for $14.52 million. In effect, Adani Ports and Special Economic Zone Ltd will buy Abbot Point Bulk Coal Pty Ltd. The Adani Group already owns the terminal, which it had bought from the Queensland government in 2011. It did not, however, have the rights to operate the port. The rights were held by Glencore, with which Adani had a legal dispute that has now effectively come to an end.
The port is crucial for the Adani Group, as it will help it transport coal mined from its proposed Carmichael mine project. On Wednesday, the company said that it was scaling down its proposed investment in the mine from $16 billion to $4 billion owing to falling coal prices in the international market.
Among other prominent deals during the week was the acquisition of Hyderabad-based machine-learning company Tuplejump Software by phone maker Apple Inc. Staffing company TeamLease, too, strengthened its position in the IT staffing vertical with the acquisition of Nichepro Technologies for an enterprise value of $4.39 million.
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