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ACRE

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GIC, ADIA-backed Greenko's promoters seal over $200-mn takeover

Manufacturing

24 August

GIC, ADIA-backed Greenko's promoters seal over $200-mn takeover

A company owned by the promoters of the Hyderabad-based Greenko Group, one of India’s largest renewable energy producers, is set to acquire the assets of a leading ......

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Grapevine: Sutherland eyes another Indian firm; Phoenix ARC, others vie for Piramal's bad loans

General

20 June

Grapevine: Sutherland eyes another Indian firm; Phoenix ARC, others vie for Piramal's bad loans

Transnational business process outsourcing (BPO) major Sutherland Global Services is in talks to acquire a Hyderabad and the US-headquartered firm ......

Reliance, Ares SSG-backed unit win bid for stressed Sintex Industries

Reliance, Ares SSG-backed unit win bid for stressed Sintex Industries

A joint consortium of Mukesh Ambani-owned Reliance Industries (RIL) along with Ares SSG Capital-backed Assets Care & Reconstruction Enterprise Ltd has received ......

Ares SSG arm-Reliance and Welspun among 4 bidders to acquire stressed Sintex Industries

Manufacturing

13 December

Ares SSG arm-Reliance and Welspun among 4 bidders to acquire stressed Sintex Industries

Billionaire Mukesh Ambani-owned Reliance Industries (RIL) has partnered with Ares SSG Capital-backed Assets Care & Reconstruction Enterprise Ltd (ACRE) to be among ......

Ares SSG's ARC arm, Edelweiss, others bid for bankrupt Sintex Industries

Consumer

27 October

Ares SSG's ARC arm, Edelweiss, others bid for bankrupt Sintex Industries

Ares SSG Capital-backed Assets Care & Reconstruction Enterprise Ltd (ACRE), Varde Capital-backed Aditya Birla Asset Reconstruction Company and Avenue Capital-backed ......

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Ares SSG arm, four other investors acquire 100% debt of Jayaswal Neco

Manufacturing

27 August

Ares SSG arm, four other investors acquire 100% debt of Jayaswal Neco

More than two years after the initial agreement was signed, global asset managers Bank of America, Davidson Kempner Capital Management, ......

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Ares SSG-backed ARC set to lose bid for stressed home finance firm

Finance

16 June

Ares SSG-backed ARC set to lose bid for stressed home finance firm

An Ares SSG-backed asset reconstruction company (ARC) is set to lose a potential bid to acquire assets of large debt-laden ......

Grapevine: Tata group pulls ahead of SpiceJet promoter in race for Air India; Hexaware on block

General

30 April

Grapevine: Tata group pulls ahead of SpiceJet promoter in race for Air India; Hexaware on block

Tata Sons has quoted a price higher than SpiceJet promoter Ajay Singh for Air India in a preliminary bidding round, ......

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ACRE signs on former RBL exec as CEO

Finance

13 January

ACRE signs on former RBL exec as CEO

Assets Care & Reconstruction Enterprise Ltd, backed by Asia-focused Ares SSG (previously known as SSG Capital), has roped in a ......

Premium
Reliance Home Finance gets only two binding bids from six suitors

Finance

21 December

Reliance Home Finance gets only two binding bids from six suitors

Of the six entities that are in fray for debt-laden Reliance Home Finance Ltd, only two have submitted binding bids, ......