Grover Zampa to acquire Four Seasons, associated wine brands from USL

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The Four Seasons divestment is a part of its strategy to monetise non-core assets, liquor major USL said.

US-based Ebix acquires India’s Essel Forex, Weizmann Forex

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The acquisitions are targeted at positioning EbixCash, the Indian arm of Ebix, as the largest financial exchange in the country.


Australia’s IOOF delays buyout of ANZ pension assets after inquiry

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IOOF said its $705 million deal to buy part of ANZ’s pension unit would now take place after it had formally split its pension assets.


Aberdeen Standard Investments injects $13m in insurer Singapore Life

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The investment follows US-based insurance company Aflac’s $20-million investment in the Singapore-based insurtech startup. 


Australia’s Navitas backs revised $1.5b takeover offer from founder, BGH

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Navitas late last year rejected an indicative offer from founder Rob Jones and PE company BGH, saying the bid undervalued it.


Australia’s IAG weighs SBI General Insurance stake sale

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IAG, which holds 26% in the general insurer, has started preliminary talks to hire an investment bank to manage the sale process.


Indian lender DMI Finance raises $230m from Europe’s New Investment Solutions

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The latest funding takes the total amount of equity capital raised by the Indian NBFC to $700 million since its inception in 2008.


PIF-backed ACWA Power to work with SoftBank on its $200b Saudi solar project

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SoftBank CEO Masayoshi Son announced in March last year a plan to invest in creating the world’s biggest solar power project in Saudi Arabia.


Etihad poised to take effective control of Jet Airways

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The plan could see Etihad Airways raise its stake from the current 24%, and Jet Airways’s promoter and founder Naresh Goyal cede control of the airline.


China Digest: Boyu Capital backs Yimi Dida; Ping An invests in Airdoc

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Chinese private equity firm Boyu Capital has led a 1.8 billion yuan ($266.15 million) Series D round for Shanghai Yimi Dida Supply Chain Management.