Tokio Marine acquisition of PURE Group : Japanese insurance holding company Tokio Marine will acquire Privilege Underwriters (PUI), which does business through the US insurance group – Pure Group of Insurance Companies (PURE Group) for $3.1 billion. The US insurance group is being acquired from investors led by KKR and Stone Point Capital, as per […]
Concho Resources, a US shale producer focused on the Permian Basin of West Texas and New Mexico, has agreed to divest its assets in the New Mexico Shelf to an affiliate of Spur Energy Partners for $925 million, as per the latest oil and gas industry news. The sale includes around 100,000 gross acres and […]
KKR , through its Asian Fund III, has agreed to acquire a stake of 70% in NVC Lighting’s Chinese lighting business (NVC China) for a total equity value of around $794 million. NVC Lighting will own the remaining 30% stake in the Chinese lighting company which manufactures, sells and distributes branded lighting products. NYC China […]
Fintech industry news : Global investment firm KKR has agreed to acquire a majority stake in German payment processing company heidelpay Group from European financial services specialist investor AnaCap Financial Partners for an undisclosed price. Mirko Hüllemann, the founder and CEO of heidelpay, and other key managers will stay with the German payment processing company […]
Food acquisition news : Campbell Soup Company has agreed to sell its Australian biscuit brand Arnott’s and some of its international operations to global investment firm KKR for $2.2 billion. Along with the previously announced sale of Kelsen Group, Campbell has announced the sale of its entire Campbell International division for a total price of […]
Indian hospital management company Radiant Life Care, which is backed by global investment firm KKR, has completed its previously announced INR 4,298 crore acquisition of a stake of 49.7% in Indian hospital chain Max Healthcare Institute from South African hospital operator Life Healthcare. Radiant Life Care funded the acquisition after securing an investment from KKR’s […]
Global investment company KKR has agreed to sell KCF Technologies (KCFT), a producer of copper foils and flexible copper clad laminates, to South Korean conglomerate SK Group affiliate SKC, for a sum of KRW1.2 trillion ($1 billion). The copper foils and copper clad laminates manufactured by KCFT are mainly used in li-ion batteries for electric […]
India Grid Trust (IndiGrid), an Indian infrastructure investment trust, is set to acquire five electricity transmission assets in India, worth INR11,500 crores ($1.66 billion) from Sterlite Power. Of the five transmission assets, two of them – NRSS XXIX and OGPTL are operational for which a share purchase agreement has been signed by the parties. The […]
Global investment company KKR has completed its previously announced $510 million acquisition of a 60% stake in Indian environmental services provider Ramky Enviro Engineers (REEL). The deal, which was announced in August 2018, was executed through a combination of primary and secondary investments. The equity investment from KKR through its KKR Asian Fund III, gives […]
BridgeBio Pharma, a leading clinical-stage biopharma company specialising in treatments for genetic diseases, has raised $299.2 million in a new funding round. The California-based firm plans to use the funds to support its drug development programmes and enhance its research and development (R&D) efforts, specifically focusing on expanding treatments for patients with unmet needs. KKR […]