M&a Deals

India bucked slowdown to emerge as global M&A hotspot in 2022: Report

In the country's fourth straight year of a steady increase in strategic M&A, deal volumes hit record levels and deal value rose by 139% in 2022

At $2.2 billion, M&A deal value falls by 37%, volume by 40% in November

November turned out to be the worst month for the deal street with 119 merger and acquisition transactions worth USD 2.2 billion, a fall of 40 per cent in volume and 37 per cent in value annually, a report said on Monday. This is in spite of the month seeing the highest number of IPOs (initial public offerings) in the year, and the fourth highest in the past 11 years, according to the data collated by Grant Thornton. With 21 per cent of M&A (Merger and Acquisitions) volumes, the startup sector continued to dominate the M&A deal activity, said the report, while PE (private equity) activity saw USD 1.4 billion worth of investments made across 100 deals (second-lowest monthly volumes), down 55 per cent in volume and 32 per cent in value. With just USD 2.2 billion across 119 deals, November was the worst month so far this year. This is a 40 per cent plunge in volume and a 37 per cent in value over November 2021. However, the month also saw the highest number of IPOs in the year, ..

Highest number of IPO listings in 2022 recorded in November: Report

The year has had 32 offerings with an issue size of $7.6 billion, according to Grant Thornton Bharat's Dealtracker

Number of deals down 42% in October but matches pre-pandemic level: Report

According to GT Bharat's monthly Dealtracker, the biggest deal in October was Torrent Pharma's $250 million acquisition of Curatio Healthcare

At $2.7 billion, startup funding in India at 2-year low in Q3: PwC India

The startup funding activity declined to $2.7 billion in Q3CY22 from $6.6 billion in Q2CY22

Naspers-owned Prosus terminates $4.7 billion deal to acquire BillDesk

Prosus has been a long-term investor and operator in India, putting in close to $6 billion in Indian technology companies since 2005

Todays Top Headlines: India's 5G spread, Prosus-BillDesk M&A deal, and more

Global telecom gearmaker Ericsson's senior vice-president Nunzio Mirtillo believes that India will see one of the fastest 5G adoptions in the world

Tax department move to tax goodwill could expand in the next Budget

While the new tax is not retrospective in nature, it will impact foreign companies buying into Indian companies going ahead

Adani Green acquires SB Energy, India's largest renewables M&A deal

Just last week, Adani Group Chairman Gautam Adani had announced that the Group would invest over $ 20 billion across the next 10 years in renewable energy generation

Cipla eyes acquisitions in India, US after Covid-led windfall

With a funding frenzy currently underway in India, Cipla may struggle to find attractive targets

Pandemic or not, business as usual for deal street as M&As soar 44% in H1

Despite the second wave of Covid-19 scuppering normal life, the deal street was busy in the first half of 2021, closing 44 per cent more deals worth USD 49.34 billion than in the same period in 2020 that was also ravaged by the first wave of the killer viral infections, shows an industry report. Mergers and acquisitions (M&As) were worth USD 34.3 billion in the same period in 2020. Deal volume grew 5 per cent to 730 from 693 a year ago, according to the latest data from Refinitiv, the LSE Group arm that is into financial markets data. Of the total, cross-border M&As amounted to USD 21.73 billion across 210 deals, up from USD 16.02 billion across 195 deals in the same period in 2020. Globally, quarterly M&As surpassed USD 1 trillion for fourth consecutive quarter, making it the strongest year-on-year percentage growth on record. Worldwide M&As totalled USD 2.8 trillion during the first half, up a record 132 per cent compared to the same period last year. This is the ...

Covid impact: Million-dollar M&A deals sealed over phone, Zoom calls

Some buyers are insisting on a clause in the agreement that the whole deal hinges on physical verification at a later date with some part of payment kept in escrow

M&A deals move into slow lane as investors worry about Covid fallout

Bankers say sale of Lavasa Corp, currently under bankruptcy, and RCap and Reliance Naval deals will be delayed, as bidders are re-thinking plans

Tessolve raises $40 mn from Singapore's Novo Tellus at $100 mn valuation

The funding will be used by Tessolve, a Hero Electronix venture, to drive further growth through acquisitions and organic investments

M&A pick-up: Feb numbers top current fiscal with 44 deals worth $4 bn

Consumer, retail and food segment topped the charts in terms of both, deal volumes and value

Advent to buy controlling stake in ZCL at enterprise value of Rs 1,700 cr

Advent is a private equity fund

India Inc goes on M&A spree despite Covid, health a key focus area in 2021

BPCL, Air India, airport acquisitions to dominate headlines in New Year

Gilead nears deal to buy Immunomedics for more than $20 bn: WSJ report

Gilead Sciences Inc is said to be nearing a deal to buy biopharmaceutical company Immunomedics Incfor more than $20 billion in a deal that would further expand Gilead's portfolio of cancer treatments

Goldman Sachs comes up with Tinder for mergers in a social-distanced world

After all, this weekend's flurry of deal activity shows that not even the coronavirus can stifle M&A demand for long

As Asian deals disappear, India becomes unlikely hotspot for M&A

Thanks to investments in Jio, India accounts for more than 12 per cent of announced deals in the Asia Pacific region so far this year, the highest ratio since at least 1998.