In a statement, Apollo Global Management, a U.S. private equity firm said, funds managed by its affiliates have entered a deal to acquire Thermal and Emission Control Materials business from Japan’s advanced materials producer Mitsubishi Chemical Corporation. The deal, which… Read More ›
acquisition
Chat app Discord raises $500M in new funding round
In a statement Discord said, it has raised $500 million in a funding round led by investment firm Dragoneer Investment Group. Previously Bloomberg News had reported the value of the deal at around $15 billion. Discord declined comment on the… Read More ›
KKR acquires New Zealand’s largest bus company Ritchies Transport
In a statement U.S. private equity firm KKR & Co Inc said, it will acquire New Zealand’s largest bus company, Ritchies Transport, marking its first infrastructure investment in the country. Both companies did not disclose the value of the deal; KKR… Read More ›
Virgin Orbit goes public through merger with blank check company NextGen Acquisition Corp. II
In a statement Richard Branson’s Virgin Orbit said, it is going public through a merger with a blank-check company in a deal valued at around $3.2 billion. The deal is expected to provide $483 million in proceeds to the combined… Read More ›
Sweden’s Embracer acquires 3 companies midst surging profits
On Wednesday, Europe’s largest gaming firm by market value said, it had agreed to acquire 3 companies after posting record revenues in the first quarter. Earlier this month, Sweden’s Embracer, which has a strategy of boosting growth through deals, said… Read More ›
Citigroup hires veteran tech banker Dhiren Shah
According to an internal memo from Citigroup, the bank has hired Dhiren Shah, a veteran tech banker, from Credit Suisse Group AG, as it doubles down on investing in its tech franchise. Shah’s departure from Credit Suisse marks the latest… Read More ›
Sydney Airport Holdings’s board rejects $16.81 buyout offer citing undervaluation, open to higher offer
On Monday, Sydney Airport Holdings Pty Ltd said it has rejected an improved bid worth $16.81 billion (A$22.80 billion) from a group of infrastructure investors since it felt it was undervalued; it went on to add, it was open to… Read More ›
Philip Morris increases bid for British drugmaker Vectura to $1.41 billion
In a statement Philip Morris said, it has raised its bid for British drugmaker Vectura to $2.29 (165 pence) per share. “The PMI (Philip Morris International) increased offer values the entire issued and to be issued ordinary share capital of Vectura at… Read More ›
European Commission approves AerCap’s $30 billion bid for General Electric’s aircraft leasing business
On Tuesday, a filing on the European Commission website shows, the European Commission has approved AerCap’s $30 billion bid for General Electric’s aircraft leasing business without any conditions. The deal between the Irish aircraft leasing company and General Electric’s aircraft… Read More ›
Novo Nordisk acquires Prothena Corp’s experimental heart therapy PRX004
In a joint statement Danish drugmaker Novo Nordisk and U.S. drug developer Prothena Corp said, the former will acquire the latter’s experimental heart therapy PRX004, in a deal that could be worth up to $1.23 billion. Novo’s acquisition is in… Read More ›