M&a

Domestic M&A average deal value nearly halves at $29 million in 2024

Adani deal is 15x the average deal value for the year

Outbound M&A by Indian firms to rise on back of strong balance sheets: Citi

The last two years have been transformative for investment banking in India, not just in terms of the volume of activity, but also the quality of deals and their impact on businesses

India M&As back in action, up 14% in the first nine months of 2024

Gujarat Gas' acquisition of Gujarat State Petronet for $3 billion was the third-largest acquisition in the country

Medi Assist set to buy Paramount Health at enterprise value of Rs 312 cr

Medi Assist Healthcare Services, which offers third-party administration services to insurance firms, on Monday said it will fully acquire Paramount Health Services & Insurance TPA at an enterprise value of Rs 311.8 crore. Medi Assist Insurance TPA, a wholly-owned subsidiary of Medi Assist Healthcare Services, has inked a pact with Fairfax Asia and Nayan Shah & family to acquire Mumbai-based Paramount Health Services & Insurance TPA. Paramount is a prominent player in the TPA space, owned by Fairfax Asia and the Shah family. With the acquisition of Paramount TPA, Medi Assist TPA's market share will grow to 36.6 per cent for the group segment and 23.6 per cent of the health insurance industry, by premiums managed, the company said. The acquisition represents one of the largest TPA deals in India, with an enterprise value of Rs 311.8 crore, subject to regulatory (Irdai) approvals, it added. Paramount TPA works with 30 insurers and over 3,000 group customers and retail ...

Second-gen promoters more open to selling out: Rothschild MD Subhakanta Bal

In pharma areas like high potency APIs, sterile manufacturing capabilities, antibody drug conjugates, peptides etc are areas that are growing fast and there is an inherent entry barrier

Cipla on the block: Who's a better fit and what it means for shareholders?

As per IIFL Securities, Cipla with a dominating market share of 7% and 23% in acute therapies like respiratory and anti-infectives, respectively, would strengthen Torrent's position in these

There is a lot more risk aversion happening: Rothschild & Co India head

In a Q&A, the firm's India MD Chandresh Ruparel discusses the current M&A and PE space and outlook, even as he remains most bullish on India among BRICS nations for its ability to attract capital

India's announced M&A deals increase 5.2% YoY; reach above 1,400 in H1

Domestic M&A activity totaled $16.7 billion, down 83.2% from the same period in 2022. Inbound M&A fell 46.3% from a year ago and totaled $12 billion

M&As in India collapse 76% in H1 2023 on global macros, Hindenburg

In May last year, Adani Group was the major player in M&As by buying Ambuja Cement in a $10.5 billion transaction

After a strong 2022, M&A in tech services sector falls in Q1 2023: Nasscom

The deal activity in the global technology services sector has softened, with over 150 transactions announced in the first quarter of 2023 compared to 270-plus deals in Q1 2022 and over 220 in the first quarter of 2021, according to an EY-Nasscom report. The report - Mergers and Acquisitions (M&A) Trends and Outlook in the technology services sector - noted that in 2022, the technology service sector proved to be a year of paradoxes. Despite signs of a slowdown at the end of the year and in Q1 CY23, the technology service sector witnessed a surge in M&A and private equity deals, reaching a total of over USD 57 billion in 2022, which was more than double the amount seen in 2020 (at over USD 27 billion). On the outlook for 2023, the report said that with greater emphasis on emerging digital capabilities, the market is likely to become more cautious and adopt creative deal structures to manage risk. "Although deal activity has softened, with 150 plus deals announced in Q1 CY23 ...

HSBC agrees to buy its China fund management joint venture partner

HSBC, which currently owns a 49% stake in HSBC Jintrust Fund Management, has signed an agreement with Shanxi Trust under which the Chinese state-owned company will sell its 51%

We will continue to hold 30% in Manipal Health: Manipal group chairman

In a Q&A, Dr Ranjan Pai also confirms that Manipal Health will look for a listing going forward

M&A deals jump by 40% to $163 bn in 2022, aided by $57 bn HDFC merger

The USD 57-billion HDFC-HDFC Bank deal helped the overall merger and acquisition activity in the country rise by 40 per cent to reach USD 163 billion in 2022, a report said on Monday. Strategic deals like the one involving the HDFC twins accounted for a bulk USD 126 billion of the overall quantum, while transactions involving private equity funds stood at USD 37 billion, the report by Deloitte, a consultancy firm, said. Despite global headwinds like rising interest rates and elevated inflation levels leading to increased margin pressures for companies, the firm expects the overall activity to remain "strong" in the ongoing 2023. The overall M&A (merger and acquisition) deals were much higher when compared with USD 69 billion in 2019, or USD 88 billion in 2020 amid Covid pandemic, and USD 116 billion in 2021, it said. Going by the number of deals, the figure rose to 911 in 2022, up from 826 in 2021 and 505 in 2020, the firm said. Mega deals valued at over USD 1 billion more than ..

Recovery in Asia M&A, stuck at 8-year-lows, rests on macro conditions

Deals are set to revive slowly as companies and funds watch out for easier macroeconomic conditions, they said. Hopes that Chinese companies will return to the market have strengthened

HSBC Holdings hires Credit Suisse's Chua for top M&A business in Asia

Credit Suisse Group AG's Christopher Chua is leaving the bank to help oversee the Asia mergers and acquisitions business at HSBC Holdings Plc

Led by HDFC twins, India sees record $124-billion M&A deals in H1FY23

Bankers said the second half of the ongoing financial year will be led by government divestments

Global banks slice and dice $80 bn in M&A debt that no one wants

In the case of the private-equity buyout of Citrix Systems, they're cutting the debt into smaller pieces to attract a wider pool of investors

Holcim's sale of Ambuja Cement, ACC to be biggest exit of an MNC from India

Ambuja Cement ended Friday with a market capitalisation of Rs 73,836 crore while ACC closed the day with Rs 43,819 crore.

Holcim likely to seek exemption under India-Mauritius tax agreement

The India-Mauritius treaty was designed to attract foreign investments in the early 1990s when India's foreign exchange reserves were alarmingly low

Elon Musk needs 'massive loan' or big Tesla stock sale to buy Twitter

The purchase isn't straightforward, but Musk has several financing paths.