Business
M & A Critique
Thermo Fisher to buy clinical services provider Clario for up to $9.4 billion
Thermo Fisher said it would buy privately held data management company Clario for up to $9.4 billion, strengthening its clinical trial research business amid a strong rebound in demand in the U.S.
1 min |
November 2025
M & A Critique
Cygnet Energy to acquire Kiwetinohk in $1 billion deal
Privately held Cygnet Energy will acquire Kiwetinohk Energy in an all-cash deal valued at C$1.4 billion ($998.29 million), including debt, the companies said, creating a larger Montney and Duvernay operator.
1 min |
November 2025
M & A Critique
Boyd Group to acquire Joe Hudson's Collision Center for $1.3 billion
Canada's Boyd Group said it has agreed to acquire autobody repair solutions provider Joe Hudson's Collision Center, or JHCC, from TSG Consumer Partners for $1.3 billion.
1 min |
November 2025
M & A Critique
US firm Long Path to buy UK's Idox for $438 million
U.S. investment firm Long Path agreed to take British software provider Idox private in a 339.5million-pound ($438 million) deal, offering shareholders 71.5 pence per share in cash.
1 min |
November 2025
M & A Critique
Refex Green Mobility Demerger Analysis and Valuation Concerns
Recently, Refex Industries Limited announced that it will separately list its green mobility business through a series of restructuring steps, a segment the company only began building in 2023. While the move is positioned as a value-creation exercise, the question remains: given its small size and substantial capital needs, can this fledgling business truly hold its ground as an independently listed entity?
3 min |
November 2025
M & A Critique
Jindal Power buys Apraava Energy's Jhajjar power plant
Naveen Jindal-owned Jindal Power Ltd (JPL) has signed an agreement to acquire the 1,350 MW Jhajjar Power Project in Haryana from Apraava Energy (formerly CLP India), marking one of the largest thermal power deals in recent years.
1 min |
November 2025
M & A Critique
Mahindra Group weighs major restructuring; may spin off tractors, PVs & trucks into separate entities
Mahindra Group is evaluating the separation of its core businesses — tractors, passenger vehicles (including EVs), and trucks — into independent entities, in what could mark the conglomerate's most significant restructuring in years, according to people familiar with the matter.
2 min |
November 2025
M & A Critique
Indian Oil's Terra Clean in talks to buy 50% stake in Fourth Partner Energy
Indian Oil Corp., the country's largest crude oil refiner, plans to acquire a 50% stake in renewable energy firm Fourth Partner Energy Pvt. Ltd (FPEL) through its subsidiary Terra Clean Ltd in a deal with an estimated equity value of about $400 million, according to two people aware of the development.
2 min |
November 2025
M & A Critique
Veranda Learning Restructures: Amalgamation followed by 'Commerce Education Business' Demerger
“Veranda Learning Solutions Limited (VLSL) is implementing its 'Veranda 2.0' strategy by carving out its high-growth Commerce Education Business”
5 min |
November 2025
M & A Critique
ASG Eye Hospitals to merge with Sharp Sight in Rs 450 crore deal; PE-backed chain targets IPO
ASG Eye Hospitals, backed by private equity firms General Atlantic and Kedaara Capital, has signed a Rs 450 crore nonbinding merger deal with Sharp Sight Eye Hospitals, said people familiar with the matter.
1 min |
November 2025
M & A Critique
Prosus buys additional stake in Ixigo; Peak XV, Elevation sell shares
Dutch investment firm Prosus has bought an additional 5.06% stake in Le Travenues Technology, the listed parent of online travel aggregator Ixigo.
1 min |
November 2025
M & A Critique
NCLT extends Punj Lloyd's liquidation by 6 months
The insolvency tribunal NCLT has extended the deadline to complete the liquidation process of engineering and construction firm Punj Lloyd by six months to March 12, 2026.
2 min |
November 2025
M & A Critique
AIG, Onex partner to buy specialty insurer Convex in $7 billion deal
Canadian asset manager Onex said it has teamed up with U.S.-based insurer AIG to buy privately held specialty insurer Convex Group in a $7 billion deal.
1 min |
November 2025
M & A Critique
TPG-owned digital engineering company Altimetrik completes acquisition of SLK Software
Indian renewables firm OMC Power, backed by Japan's Mitsui & Co and Chubu Electric Power, said that automaker Honda Motor has acquired a stake in the company to jointly develop clean energy storage batteries.
1 min |
November 2025
M & A Critique
Core Scientific terminates $9 billion merger deal with CoreWeave
Crypto miner Core Scientific ended its agreement to be sold to Nvidia-backed CoreWeave, after shareholders voted against the proposal.
1 min |
November 2025
M & A Critique
Russia's Lukoil accepts Gunvor offer to buy its foreign assets
Lukoil said it had accepted an offer from global commodity trader Gunvor to buy its foreign assets, which Russia's second-largest oil company is seeking to sell after Washington imposed sanctions on it last week.
2 min |
November 2025
M & A Critique
Tata Electronics acquires India unit from Chinese iPhone supplier Justech: CNBC report
Tata Electronics has acquired the Indian unit of Chinese iPhone supplier Justech Precision for about $100 million, CNBC reported, citing people familiar with the development.
1 min |
November 2025
M & A Critique
Diligent Media Corporation's Preference Shares: Journey to the End
Diligent Media Corporation Limited has undergone several strategic restructurings since its formation in 2005 as a joint venture between the Essel Group and Bhaskar Group.
5 min |
November 2025
M & A Critique
Vodafone to buy German cloud specialist Skaylink for $204 million
Britain's Vodafone said it will acquire German cloud and digital transformation firm Skaylink for 175 million euros ($204.09 million) from private equity firm Waterland, in a push to expand its service offerings.
1 min |
November 2025
M & A Critique
Manali Petrochemicals to sell UK subsidiary Notedome Ltd to Italian firm
Manali Petrochemicals Limited announced divestment of its step-down UK subsidiary, Notedome Ltd, to Italian chemical specialities firm Chimica Organica Industriale Milanese (COIM).
1 min |
November 2025
M & A Critique
Morgan Stanley to buy private shares platform EquityZen
Investment banking giant Morgan Stanley said it will buy private shares platform EquityZen, as Wall Street races to meet growing investor demand for stakes in fast-growing startups.
1 min |
November 2025
M & A Critique
Federal Bank to sell minority stake to Blackstone affiliate for Rs 6,200 crore
The Board members of Federal Bank approved sale of 9.99% stake to an affiliate of U.S. private equity firm Blackstone. The transaction is said to be executed via preferential equity shares and warrants for Rs. 6,196.5 crore, the Indian lender said.
1 min |
November 2025
M & A Critique
CCI approves Tilaknagar Industries proposal to acquire Pernod Ricard's Imperial Blue biz
Fair trade regulator CCI cleared homegrown alcoholic beverage maker Tilaknagar Industries' proposal to acquire the Imperial Blue whisky business from the Indian arm of French liquor giant Pernod Ricard for Rs 4,150 crore.
2 min |
November 2025
M & A Critique
NDR InvIT Trust acquires MLG Warehousing at ₹143.9 crore valuation
NSE-listed NDR InvIT Trust announced the acquisition of MLG Warehousing and Industrial Park in Lucknow, Uttar Pradesh, valued at Rs 143.9 crore.
1 min |
November 2025
M & A Critique
Australia's Pepper Money in talks to buy Westpac's mortgage broking portfolio
Australian non-bank lender Pepper Money said it is part of a consortium that is negotiating with major financial institution Westpac over acquiring the latter's mortgage broking portfolio.
1 min |
November 2025
M & A Critique
LT Foods set to buy Hungary's Global Green for Rs 25 million
Packaged foods and staples maker LT Foods has signed a definitive agreement to acquire 100% stake in Hungary-based processed and canned foods maker Global Green Europe Kft for ₹25 million via its European subsidiary, the company announced in an exchange filing.
1 min |
November 2025
M & A Critique
Megha Engineering unit to acquire Neyveli Power from Abu Dhabi's TAQA
A Megha Engineering and Infrastructures (MEIL) unit has acquired a 100% stake in TAQA Neyveli Power from Abu Dhabi National Energy Company PJSC for Rs. 926 crore, investment banking sources told ET.
1 min |
November 2025
M & A Critique
CCI clears Lloyds Metals' proposal to acquire 49.99% stake in Thriveni Pellets
Fair trade regulator CCI cleared Lloyds Metals and Energy's proposal to acquire a 49.99% equity stake in Thriveni Pellets Pvt Ltd.
1 min |
November 2025
M & A Critique
Narayana Health acquires UK's Practice Plus Group Hospitals in Rs 2,200 crore deal
Narayana Hrudayalaya Ltd, which runs the Narayana Health network, announced on the acquisition of UK-based Practice Plus Group Hospitals in a deal valued at around Rs 2,200 crore (GBP 188.78 million).
1 min |
November 2025
M & A Critique
TPG-owned digital engineering company Altimetrik completes acquisition of SLK Software
US-headquartered Altimetrik, an artificial intelligence (AI), data, and digital engineering solutions company, has completed its acquisition of Bengaluru-based SLK Software, a global technology services firm known for its focus on AI, intelligent automation, and analytics.
1 min |