Based in Salt Lake City, CloudCherry is focused on developing tools for brands to enhance customer experience on their websites. Among other functions, it offers products that predictively understand how changes to customer experience changes sales outcomes and impacts financial metrics of companies...

LT Foods… said that it has entered into a shareholder’s agreement with United Farmers Investment Company in connection with a proposed acquisition of the stake currently held by India Agri Business Fund Ltd and Real Trust by the Investor in Daawat Foods. — Indiainfoline LT Foods announced that Saudi...

Danaher finishes procurement of GE Healthcare’s Life Sciences division — Microbiozindia U.S. antitrust regulators cleared General Electric’s biopharma division sale to Danaher … The deal, which will bring $20 billion into GE’s coffers, is now slated to close March 31, in line with management’s expec...

Chennai-based electronics manufacturer Syrma Technology has signed a cash plus stock agreement with Gurgaon-based SGS Tekniks for a takeover. PE investor GEF Capital has supported this transaction with an undisclosed investment. — The Times of India J Sagar Associates advised SGS Tekniks Manufacturi...

Edelweiss Financial Services … said that its board has approved sale of 51 per cent stake in wealth management business to Pacific Alliance Group (PAG) — Business Today Khaitan & Co advised Edelweiss Financial Services Limited led by a core team that was jointly led by partner Niren Patel and p...

Quartz countertop firm Caesarstone Ltd is all set to acquire a majority stake in a Gujarat-based countertop manufacturer… — VCCircle Khaitan & Co advised Caesarstone Ltd led by a team of partner Kartick Maheshwari , partner Deepak Jodhani , principal associate Kapish Mandhyan and associate Arju...

Private equity major Blackstone has signed a deal to acquire Piramal Group’s Piramal Glass for around $1 billion. The deal contour includes an upfront payment of $850 million while Piramal Group will get approximately $150 million on achieving certain milestones, to be paid over 2 years. — Cnbctv18 ...

The board of IndusInd Bank Ltd has approved the merger between the bank and microfinance firm Bharat Financial Inclusion Ltd (BFIL), IndusInd informed the stock exchanges on Saturday. The share exchange ratio for the merger shall be 639 equity shares of the bank for every 1000 equity shares of BFIL....

SoftBank Group Corp said on Monday it has agreed to sell chip designer Arm to Nvidia Corp for as much as $40 billion in a deal set to reshape the semiconductor landscape. — Thehindu AZB & Partners advised NVIDIA Corporation led by a team of partners Ashwath Rau , Nilanjana Singh , Veena Gopalak...

Reliance Industries … said that Abu Dhabi Investment Authority and Saudi Arabia’s Public Investment Fund (PIF) have invested ₹3,779 crore each in Jio Fibre’s network. The sovereign wealth funds from Gulf will acquire a total 51% in the infrastructure investment trust (InvIT) — Digital Fibre Infrastr...

Dr. Purshotam Lal (and his affiliates) bought out the other shareholder group of Metro Speciality Hospitals Private Limited, Dr. SS Bansal and his affiliates. Metro Speciality Hospitals Pvt. Ltd. owns and operates Metro Heart Institute with Multispeciality, Faridabad. The parties were engaged in a l...

Temasek-backed job matching platform, GoodWorker, Bollywood actor Sonu Sood and vocational skill provider Schoolnet have formed a joint venture with an initial investment of Rs 250 crore to assist blue-collar workers with employment and skilling. — Yourstory DSK Legal advised Mr. Sonu Sood and Sonu ...

With Bharti Enterprises-led low earth orbit (LEO) broadband satellite communications company OneWeb emerging from US Chapter 11 bankruptcy protection and achieving all relevant regulatory approvals, chair man Sunil Bharti Mittal said that beginning mid-December till October 2021, the company will la...

WGC Wealth, the erstwhile wealth management arm of the debt-laden DHFL group, has been taken over by LGT, a private banking and asset management group owned by the princely family of Liechtenstein. The company will be renamed as Validus Wealth after this buyout with employees holding some minority s...

RIB Group acquires a controlling interest in Winjit, according to reports (in German).

Universal Legal advised Winjit Technology Pvt Ltd and its promoters led by a team of partner Rashi Kapoor Mehta and associate Henna Kapadia.

2020-11-18

Deal value: More than $5m

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NSE Academy on Tuesday announced the acquisition of majority stake in deep tech education firm TalentSprint. NSE Academy is wholly-owned subsidiary of National Stock Exchange Ltd… Hyderabad-based TalentSprint offers advanced certification programmes in emerging and deep technologies to professionals...

New Delhi: Pidilite Industries, the manufacturers of the popular Fevicol brand of adhesives, on Wednesday said it has completed acquisition of the US-based Huntsman Group’s Indian subsidiary for Rs 2,100 crore. — The Economic Times Touchstone Partners , formerly the Delhi-headquartered part of Plati...

Billionaire Mukesh Ambani-led Reliance Industries’ retail arm Reliance Retail Ventures has bought a 96 per cent stake in online furniture retailer Urban Ladder for Rs 182.12 crore ($24.4 million), in an attempt to expand its presence in India’s online retail market. — Ndtv IndusLaw advised Urban Lad...

National Engineering Industries Ltd is buying two companies, one at home and the other in Europe, to expand its product portfolio and increase its geographical presence… It has also sealed a deal to buy to acquire industrial component manufacturer Abok Spring Pvt. Ltd. — VCCircle Khaitan & Co a...

HT Media has acquired Mosaic Media Ventures, the company which operates business news platform VCCircle and tech news platform TechCircle, according to a regulatory filing on Wednesday. HT Media said that this was a “strategic acquisition”. As part of the deal, HT Media will invest upto Rs 6 crore, ...