Page 3 - M&as

Slowdown roils deal street: M&As plunge 34.4% to $67 billion in 2019

The deepening slowdown has had its impact on the deal market in 2019 with mergers and acquisitions (M&As) plummeting over 34 per cent to USD 67.1 billion but still making it the second best, on the back of the USD 6-billion ArcelorMittal takeover of Essar Steel, according to a report. As per the report by Mergermarket, M&As in 2019 was the second highest in value despite declining 34.4 per cent in 2018, which was the best-ever. But, the report is positive about 2020 as the government has eased foreign investment restrictions and plans to divest state-owned companies. The report attributes the optimism to the relaxation in the foreign direct investment policy in August, loosening the restriction on coal and lignite mining, contract manufacturing, single-brand retail, and digital media, which may bring more opportunities to foreign investors. "Overall M&As touched USD 67.1 billion across 422 deals, down 34.4 per cent in value and 3.4 per cent in volume compared to 2018 when .

Tata Global sells its Czech business to Dr Muller Pharma for Rs 31 crore

According to the agreement, TGB Czech Republic will cease to be a subsidiary of the company

Kurl-on looks at acquisitions, aims to become a home furnishings company

The company plans to achieve a turnover of Rs 1,500 crore by next year

M&As likely to gain traction as more bankruptcy cases go to NCLT

In terms of actual deals, distressed M&As accounted for a nominal 3%of M&A volumes, with just 21 out of a total 623 deals closed since 2017

M&As on the rise as tech companies focus on top line growth

In the last couple of months, the IT and BPO space has seen a big uptick in M&A activities, with companies merging with other entities to become bigger players

M&As grow in consumer durables sector

Debt-hit companies are under pressure from lenders to sell assets

Jan sees 3-fold rise in M&As amid increasing consolidation

Going forward, the deal value is expected to stay positive

Tower M&As riding on data growth prospects

Telcos need to continuously invest in data networks to improve tenancy for tower firms

Japanese lender key financier of pharma M&As

Pharma is its second largest segment in Indian loan exposure, after oil and gas

Domestic M&As up 2.6 times

Domestic M&As rose 2.6 times to $31.8 billion in the first nine months of 2016

Hansa Cequity acquires Bengaluru -based D-Square Solutions

Deal is expected to expand Hansa's analytics offerings, and help it enter artificial intelligence & machine learning capabilities

Synechron acquires UK-based Hatstand

Financial details not disclosed; deal builds Synechron's strengths in key areas such as cybersecurity, market data and risk compliance

India's M&A deal tally at $8.2 billion in Q1: Mergermarket

Construction became the most active target sector in India, with the top two transactions in this sector amounting to $3.1 billion

India Inc M&A spree sees 8-fold jump, March deal tally at $5.4 billion: Report

The deal tally for the first three months of the year stood at $8,925 million, a 31% jump over January-March 2015

Apollo Global nears deal to acquire Fresh Market: sources

PE firm Apollo Global Management LLC is nearing a deal to acquire Fresh Market Inc, a US specialty grocery retailer, for more than $1.3 billion

Regulators fog up definition of 'control over target firm'

The Merriam-Webster dictionary describes a bright-line test as something "not subject to misinterpretation or more than one interpretation"