Forbes to go public through Magnum merger
News publisher Forbes Global Media Holdings agreed to go public through a merger with blank-check firm Magnum Opus Acquisition as deal activity heats up in the media business. The combined company will have a pro forma equity value of $630 million, according to a Thursday statement. Forbes’ management team will remain in place after the […]
KKR India Fin Services and InCred ink deal to merge their lending biz
A year after entering into talks for a partnership, KKR’s non-bank lending business, KKR India Financial Services (KIFS) and InCred Financial Services, the retail and MSME lending business of InCred, have inked a deal to merge the two lending businesses. Founded in 2016 by Bhupinder Singh, InCred Finance is a tech-enabled lending institution that spans […]
CVC Capital Partners is in talks to merge ATP and WTA tours
CVC Capital Partners owned F1 between 2006 and 2017, when it was taken over by Liberty Media; the company, which is a world leader in private equity and credit, eyes unifying ATP and WTA’s commercial activities under the name One Tennis, in which CVC would hold a minority interest The former owner of Formula One […]
MIDOCEAN PARTNERS SELLS MAJORITY STAKE IN THE PLANET GROUP
Private equity firm MidOcean Partners sold its majority investment in The Planet Group, which will now merge with ProPharma Group, a portfolio company of Odyssey Investment Partners. The transaction closed May 26; financial terms and ownership shares were not disclosed. The Planet Group brand will remain and all executives will stay with their existing titles. […]
Fiat and PSA’s Against-All-Odds Merger Nears the Finish Line
Fiat Chrysler Automobiles NV and PSA Group are poised to get shareholders’ sign-off on a combination that’s endured two years of extraordinary drama, marked by on-again off-again talks, the transformation of their industry and a global pandemic. At two separate meetings Monday, investors will be asked to approve a merger that will form Stellantis, the […]
Top Hospice Trends to Watch in 2021
The year 2020 brought unprecedented disruption to the hospice space, mostly due to the COVID-19 pandemic. The outbreak strained providers ability to provide care, access patients in homes and facilities and to maintain a healthy bottom line in light of lost revenues and rising costs. Despite these challenges and economic headwinds, hospices adapted, improvised and […]
Why 2021 will be a bumper year for M&A
The end of the pandemic is likely to see fashion and luxury M&A opportunities. The big focus: brands that tap younger consumers. After months of quiet and stalled deals, 2020 closed in a flurry of M&A (mergers and acquisitions) activity, setting a pace that is likely to continue in 2021. That’s the view of analysts […]
Ford, Mahindra call off auto joint venture
(Reuters) -Ford Motor Co said on Thursday it was calling off its automotive joint venture with India’s Mahindra and Mahindra Ltd due to the challenges caused by the COVID-19 pandemic. The companies said in separate statements that the decision was driven by changes in the global economy over the last 15 months, causing both to […]
Verizon, Hearst Television reach deal to avoid blackout in some U.S. markets
(Reuters) – Verizon Communications Inc said on Friday it has reached a distribution agreement with Hearst Television to avoid a New Year’s Day blackout of the broadcasting group’s channels on Verizon’s fiber-optic networks in U.S. markets including Boston and Baltimore. “Verizon Fios has been able to reach an agreement with Hearst Television,” a company representative […]
Tech, cross-border activities set to drive Asia M&A next year
Coronavirus-spurred growth in the technology sector will help drive M&A activity in the Asia Pacific next year, bankers and lawyers predict, with the potential easing of Sino-U.S. tensions likely to revive Chinese outbound investment. Deals involving Asia Pacific firms totalled $1.2 trillion in 2020, up 12% from 2019. Seven of the year’s 10 largest transactions […]
