Mergers & Acquisitions

Latest Stories

Deloitte Flags Adani Ports Deals, Cites Need for Review

Adani Ports & Special Economic Zone Ltd.’s auditor sounded a note of caution over insufficient disclosures around the company’s transactions with certain entities, returning the spotlight to allegations made by short seller Hindenburg Research on Gautam Adani’s empire.

By Advait Palepu

Stanley Black & Decker Said to Weigh Sale of Attachments Arm

Stanley Black & Decker Inc., which has been selling assets to focus on its core building products business, is exploring a sale of a unit that makes excavator buckets for construction equipment, according to people familiar with the matter.

Brookfield Said to Be Frontrunner for Network as CVC Recedes

Brookfield Asset Management Ltd. has emerged as the frontrunner to acquire London-listed Network International Holdings Plc after interest from a consortium backed by CVC Capital Partners cooled, according to people familiar with the matter.

Adnoc Logistics Jumps 52% After $769 Million Abu Dhabi IPO

Adnoc Logistics & Services, the maritime logistics unit of Abu Dhabi’s main energy company, soared as much as 52% on its debut after its hugely oversubscribed $769 million initial public offering.

Fujitsu’s $2.7 Billion Shinko Stake Said to Draw Bain, KKR

Apollo Global Management Inc. and Bain Capital are among potential bidders for Fujitsu Ltd.’s controlling stake in Shinko Electric Industries Co., a packaging material maker for semiconductors, according to people familiar with the matter.

Hozon Is Said to Weigh June Filing for $1 Billion Hong Kong IPO

Hozon New Energy Automobile Co., a company making affordable electric vehicles in China, is considering filing for its $1 billion Hong Kong initial public offering as soon as this month, according to people familiar with the matter.

Hong Kong Telco HKBN’s Sale Said to Stall Again on Valuation

A sale of HKBN Ltd. has stalled again as the Hong Kong broadband provider’s owners couldn’t agree with prospective buyers on a valuation, according to people familiar with the matter.

Franklin Merger Helps Billionaires Exit Woeful Putnam Deal

The Desmarais family’s decision to sell Putnam Investments marks the end of a failed effort to turn around the fund manager, one that cost its Canadian owners well over $1 billion.

Credit Suisse SPAC Head Stabinsky Is Said to Join Santander

Credit Suisse Group AG’s departures continue with its head of blank-check companies leaving after the fortunes of both the bank and the product have changed.

Altamont Capital Sued by Sequel Youth Ex-CFO Over Cost-Cutting

A former top executive at Sequel Youth & Family Services LLC sued its private equity acquirer, Altamont Capital Partners, claiming cost-cutting at the behavioral health company tarnished its brand and “eviscerated” the value of minority investments.