Page 12 - Acquisition

AI firm Fractal buys cloud and data player Neal Analytics for unknown sum

Founded in 2011, Neal Analytics is a Microsoft Gold Consulting Partner supporting its cross-industry clients, such as PepsiCo and Microsoft, in their data-driven transformation initiatives

Building an empire: Reliance joins top league of PE players with bold bets

Spends $5.7 bn on stakes and acquisitions in four years; $9 bn if Future deal cleared

Deal Street has best year with over 2,220 deals fetching $115 bn in 2021

Deal Street had the best year in 2021, clocking the highest tallies in both value and volume terms at USD 115 billion involving 2,224 deals, an industry report said. This was USD 37 billion and 867 transactions more than the corresponding figures for 2020. While 499 mergers and acquisitions (M&As) worth USD 42.9 billion were concluded in the year gone by, there were 1,624 private equity deals involving USD 48.2 billion, and 101 IPOs and QIPs worth USD 23.9 billion, of which 65 initial public offerings alone fetched a record USD 17.7 billion, according to data collated by Grant Thornton. The year was also a record in terms of large deals as there were 14 deals of over USD 1 billion each, 15 between USD 500 million and USD 999 million, and 135 between USD 100 million and USD 499 million. Though these transactions accounted for only 8 per cent of volume, they fetched as much as 80 per cent of value, the report said. Of the overall deals, domestic deals constituted 76 per cent and the

Atul Jalan-led AI co Algonomy seeks to buy Lankan tech firm Linear Squared

Deal value not disclosed; Linear Squared is a cloud-based tech company specialised in building demand planning and forecasting products for CPG, grocery retail industry and other industries

Wabtec Corp acquires Masu's rail friction business for $34 million

The acquisition will expand Wabtec's installed base and accelerate growth across its brake product portfolio

Westons sell iconic Selfridges chain to Thai-Austrian Group

Central and Signa will own the chain in a 50-50 partnership, according to a statement late Thursday London time.

HSBC's AMC acquires L&T Mutual Fund business for $425 million

If the conversion rate of Rs 75 is taken, the deal will be worth approximately Rs 3,188 crore

Amazon to acquire Prione Business, company's JV with Narayana Murthy firm

Catamaran belongs to Infosys co-founder N R Narayana Murthy; the two partners announced in August they would discontinue the venture when its term ends in May 2022.

NRI industrialist Lord Swraj Paul eyes UK, India acquisitions

The focus will be on the company's strengths in the manufacturing sector, with businesses in the field of steel products under consideration

Vedanta acquires Goa-based Nicomet; becomes only nickel producer in India

Nicomet has a capacity to produce 7.5 tonne per annum of nickel and cobalt.

SME neo-banking platform Open buys Finin for $10 mn in cash-and-stock deal

Deal will strengthen Open's cloud native enterprise offering BankingStack through which it has deployed SME digital banking solutions for 17 banks

Good Glamm buys MissMalini Entertainment to expand footprint in celeb media

The strategic acquisition will help Good Glamm Group enhance content-to commerce strategy via MissMalini's reach and incorporate celebrity and influencer talent management in its offerings

Mensa Brands acquires online kidswear firm LilPicks for unknown sum

Founded in 2017, LilPicks has grown rapidly over the past four years and offers trendy, quality, designer, and affordable clothing, and accessories for children

Pfizer to acquire Arena Pharmaceuticals at 100% premium in $6.7-bn deal

The U.S. drugmaker will pay $100 a share in an all-cash transaction for San Diego-based Arena, bringing assets in gastroenterology, dermatology and cardiology

Managed services firm Prodapt buys UK-based SLR Dynamics for unknown sum

SLR Dynamics counts leading European and African telcos as customers. This is Prodapt's second acquisition this year following its purchase of Silicon Valley-based Innovative Logic in August

MyGate acquires group buying platform MyCommunity Genie for cash and stocks

The acquisition would allow MyGate to scale its community commerce segment

Delhivery buys US-based UAS platform Transition Robotics for unknown sum

All intellectual property registered in the US will be assigned to Delhivery with this deal, boosting its capabilities aerial photography, remote sensing, inspection, and surveys

Brightcom acquires MediaMint for Rs 566 crore in cash-and-stock deal

MediaMint has over 1,300 employees and boasts of international clients such as Pinterest, New York Times, Netflix, Cox Automotive and Expedia, among others

upGrad to acquire higher education firm Talentedge for Rs 400-500 cr

This would be one of the largest consolidations in the Indian Higher education space, in which the No. 1 player in the space is acquiring the No. 4 player

Indo Count buys GHCL's home textiles business, IP, inventory for Rs 576 cr

The deal does not include GHCL's spinning unit in Tamil Nadu's Madurai