In a bid worth AUD1.5 billion, Westpac stands to acquire the asset finance and commercial lending units of Lloyds Banking Group in Australia.
Deals
Meetup makes first acquisition, buys Dispatch
Meetup had acquired its first company, tech startup Dispatch, for an undisclosed amount. Offline group meeting facilitator platform Meetup had made its first acquisition.
Bharti Retail and Walmart dissolve partnership
In a joint statement, Bharti Retail and Walmart dissolve their Best Price partnership in India. After weeks of speculation, Bharti Enterprises and Wal-Mart Stores Inc had announced that they are going on their separate ways for operations in the retail sector.
Stonepeak Infrastructure Partners secures USD 1.65 billion for Fund I
In an oversubscribed funding round, Stonepeak Infrastructure Partners raised USD 1.65 billion in capital commitments for its first fund.
Splice scores USD 2.75 million in seed funding round
Splice was able to raise USD 2.75 million in seed capital from its latest funding round. Splice announced the close of its seed funding round with USD 2.
Latest News
Thoma Bravo would be purchasing Empirix Inc for an undisclosed amount. Private equity firm Thoma Bravo announced that it had inked a definitive agreement to purchase Empirix Inc.
A total of USD24 million in investments was received by Website translation software startup Smartling in a recent founding round led by Tenaya Capital.
GTCR announced that it had approved a deal to sell portfolio firm Six3 Systems to CACI International.
A joint venture firm was agreed to be formed between Siemens AG and John Wood Group John Wood Group Plc, the energy service firm together with Siemens AG, the German industrial conglomerate, have announced the formation of a joint venture entity to create a globally integrated rotational equipment service unit.
Meridian Properties did not push through with its planned EUR 170 million due to adverse market conditions.
Multiple issues regarding the imposition of collectible tariffs have affected the schedule of imported coal power plants of Tata Power.
American companies had been seen doing mergers abroad most likely because of the lower taxes available in their new homes.
New venture fund received GBP37.5 million in investment commitments from public and private investors, including the UK government, to boost the tech industry in the nation.
Under the leadership of CEO Tamim Al-Kawari, QInvest would move away from its non essential businesses to focus on buyouts and buyins for Qatari companies.
