Avendus Wealth Management hires former Axis exec as new chief
Avendus Capital’s wealth management arm Avendus Wealth has onboarded a former Axis Bank executive at its helm as managing director and chief executive officer. The firm, which has recently advised companies like Nephroplus, Veritas Finance, Maiva Pharma, NSEIT, Ibus, Karnataka Bank and ITC Infotech among others over M&A or fundraising developments, ......
Desert Venture acquires Saudi-based entertainment firm
The company behind Saudi Arabia's vast Qiddiya sports and entertainment complex near Riyadh will take over entertainment business SEVEN, in a bid to expedite the multi-billion dollar project, sources told Reuters on Tuesday. The acquisition aims to "capitalise on business synergies between the two companies," according to a statement on Saudi ......
APRIL Group Acquires Controlling Stake in India’s Leading Consumer Tissue Products Company, Origami
APRIL Group, a leading global producer of fibre, pulp and paper, has acquired a controlling stake in Origami, India’s leading consumer tissue products company, marking its entrance into the fast-growing India tissue and personal hygiene market. APRIL Group is a member of the Singapore-headquartered RGE group of companies. Origami, a household ......
Innovations Venture Studio Invests in NewsReach, India's Leading PR Tech Platform
Innovations Venture Studio, a premier investment firm focused on early-stage technology investments, today announced a significant investment in NewsReach, India's groundbreaking PR distribution platform. The investment will be part of the on-going round led by Zee Media. The capital infusion will allow NewsReach to rapidly scale its proprietary technology, expand ......
China-Gulf free trade talks stall on Saudi industrial agenda
Negotiations between China and an Arab bloc for a free trade agreement have stalled over concerns by Saudi Arabia that cheap Chinese imports could undermine its ambitions to transform the kingdom into an industrial powerhouse, sources say. Saudi Arabia has backed renewed efforts over the past two years for the Gulf ......
Exclusive: Blackstone, Carlyle, others eye controlling stake in Indian healthcare firm
Private equity behemoth Blackstone is among a clutch of bulge-bracket global investors who are in the race to pick up a controlling stake in an Indian healthcare company, three people aware of the development told VCCircle. Blackstone, which struck its first hospital deal in India last year and invested $1 billion to ......
Emirates Group arm dnata looking at overseas inorganic growth
Emirates Group's dnata, which provides airport and travel services in over 30 countries, is looking at merger and acquisition (M&A) opportunities across several businesses and geographies, including South America, its CEO said on Tuesday. "We are probably, at any time, talking to 40 different companies" and "plenty" of deals are "at ......
Belkhayat-run Moroccan group raising equity from offshore investor for logistics arm
Moroccan family-owned group H&S Invest Holding, which operates in FMCG, logistics, pharmaceuticals, media communication, and real estate sectors, is likely to secure investment from a foreign investor for its logistics arm. The Casablanca-headquartered conglomerate, which also operates as Dislog Group, is set to secure equity capital for unit Building Logistics ......
Grapevine: Bain, Temasek team up for Haldiram bid; ONGC, NTPC Green Energy eye Ayana
Bain Capital and Singapore's Temasek have joined forces to compete with a Blackstone-led consortium for a controlling stake in Haldiram's Snacks Food Pvt Ltd, a media report said. The Bain-Temasek partnership submitted a non-binding offer last week, valuing the Indian snack giant at $8-8.5 billion, The Economic Times reported, citing people familiar with the matter. Bain had ......
MENA Digest: WheeKeep, Airwater, Lune raise funding; Beco Capital gets an exit
Funding activity in the Middle East and North Africa region during the week was led by a slew of UAE and Saudi Arabia-based tech-backed startups. While Saudi logistics player Wheekeep secured growth-stage funding, the UAE-based proptech startup Property Finder raised debt financing to provide an exit to its first institutional ......
