Atlas Corporation, a New York Stock Exchange (NYSE) listed asset management company, is set to become private in an all-cash deal worth around $10.9 billion with Poseidon Acquisition Corp. Poseidon Acquisition Corp is an entity formed by David Sokol, who is Atlas Corporation board chairman, and certain affiliates of Fairfax Financial Holdings, Washington Family, and […]
Perrigo, an American Irish–registered over-the-counter pharmaceuticals manufacturer, will invest $170 million to expand and increase its infant formula manufacturing capacity and consumer choice in the US. Under the first phase of investment, Perrigo has acquired Nestlé’s Gateway infant formula facility in Eau Claire, Wisconsin, apart from the US and Canadian rights to the Good Start […]
Johnson & Johnson (J&J) has agreed to acquire Abiomed, a NASDAQ-listed cardiovascular medical technology provider, in an all-cash deal valued at approximately $16.6 billion. The proposed acquisition is expected to further diversify and expand Johnson & Johnson MedTech (JJMT) portfolio into the heart failure and recovery segment through Abiomed’s Impella heart pump platform. Joaquin Duato […]
HFCL, an Indian telecom company, will avail an incentive of up to INR 652.79 crores as part of production-linked incentive (PLI) scheme following approval from Small Industries Development Bank of India (SIDBI), Project Management Agency (PMA) and Competent Authority. Out of the INR 4,115 crores investment from all the participating companies under the PLI Scheme, […]
US-based private-equity firm Veritas Capital through its affiliate has agreed to acquire Wood Mackenzie, an energy consultancy of Verisk, for $3.1 billion in an all-cash deal. Verisk also stands to receive an additional contingent consideration of up to $200 million in the future. In March 2015, Verisk Analytics acquired Wood Mackenzie from Hellman & Friedman […]
Campari Group, an Italian beverages company, has agreed to acquire an initial 70% interest of the outstanding capital of Wilderness Trail Distillery, located in Danville, Kentucky, for $420 million (€420 million) based on the distillery value of $600 million (€600 million). Established in 2012, the craft distillery launched two proprietary Wilderness Trail expressions — Wilderness […]
An investor group led by Littlejohn & Co., a US-based private equity company, has acquired a majority stake in Lipari Foods from alternative assets investment firm H.I.G. Capital in a transaction for an undisclosed amount. The Lipari family along with the company’s management, Sterling Investment Partners, and H.I.G. Capital will continue as minority investors in […]
GAIL (India), a natural gas company, has collaborated with Abu Dhabi National Oil Company (ADNOC) to explore liquefied natural gas (LNG) supply and decarbonization opportunities. The partnership is expected to encourage low carbon LNG supplies by optimizing LNG trading activities, reviewing joint equity investments in both energy and renewables, and monitoring greenhouse gasses for LNG […]
Gateway Distriparks (GDL), an Indian logistics company, has agreed to acquire 99.92% shareholding of Kashipur Infrastructure and Freight Terminal Private Limited (KIFTPL) from its majority shareholders for INR 156 crores. The majority shareholders include Apollo LogiSolutions, Kashipur Holdings, and India Glycols. The outstanding 0.08% shareholding in Kashipur Infrastructure and Freight Terminal will be purchased by […]
Emerson has agreed to sell a 55% stake in its Climate Technologies business to alternative asset manager Blackstone to form a higher value, cohesive industrial technology portfolio, and to develop a pure-play automation company. In a deal valuing Climate Technologies at $14 billion, Emerson will get upfront, pre-tax cash proceeds of around $9.5 billion as […]