India’s Sun Pharma sells Ohio facility to Nostrum Laboratories

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As a part of its manufacturing consolidation in the US, the Sun Pharma subsidiary has divested this unit as a going concern along with the employees and related products to Nostrum

Fosun’s debt-reliant M&A strategy, pending deals to hit block with probe on founder Guo

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Chinese conglomerate Fosun Group’s aggressive international acquisitions strategy may hit a speed bump if Beijing extends a probe into the affairs of its billionaire chairman Guo Guangchang, bankers and credit analysts say. Fosun International Ltd, the group’s main investment arm, has mainly used debt to amass about $55 billion worth… Read more »


India: JetSetGo raises undisclosed funding from Puneet Dalmia

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A JetSetGo executive said the firm has raised close to $2 million from Puneet Dalmia, who invested in his personal capacity


Newell Rubbermaid buys rival Jarden for $13 billion

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Newell Rubbermaid Inc, the maker of Sharpie markers and Parker pens, said it would buy Jarden Corp, which makes Sunbeam kitchen appliances and Coleman outdoor gear, for $13.22 billion. Jarden shareholders will receive $21 in cash and 0.862 Newell shares for each share held, the companies said on Monday. This… Read more »


India: Security firm SIS planning IPO to help investors exit

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They don’t need to raise cash for their operations. This is mainly to provide investors an exit,” he said. Private equity firm CX Partners, founded by Ajay Relan, had bought out DE Shaw’s stake in 2012.


India: Paharpur Cooling acquires US-based SPX’s dry cooling unit for $48m

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Paharpur described the deal as a strategic acquisition aimed at expanding its global reach and at building capacity to provide better solutions to Indian power producers.


Media advertising firm Clear Channel sells 50% stake in Indian JV to Gour Gupta

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Gour Gupta, CEO at erstwhile Clear Channel Mudra and former CEO of Madison’s Platinum Outdoor, has acquired Clear Channel India’s stake in the joint venture, which has been rebranded to Ignite Mudra, as per a report in The Economic Times. Clear Channel, one of the world’s largest outdoor agencies, had… Read more »


India: FDI seen growing in insurance, but pension sector finds no takers

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A single legislation enacted in March raised foreign direct investment (FDI) limits in insurance and pension to 49%, but investors have responded differently to the two sectors providing social security for Indians. While the insurance industry has seen foreign insurance companies either increasing their stake or announcing their intent to… Read more »


SG Dealbook: Cacola secures $1m convertible note; Rex International takes 98% stake in LPN

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Singapore firms are closing several transactions on an international basis. Cacola Furniture has taken a convertible note worth S$1 million to funds acquisitions from a mainland Chinese investor. Meanwhile, Rex International has increased its exposure in Norway’s oil market with the acquisition of a larger stake in Lime Petroleum Norway…. Read more »


India: Tata Power expands global play; focus on projects in SEA, Myanmar

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Tata Power, India’s largest integrated power company, is identifying growth areas in the international geographies to further expand its presence and strengthen its portfolio globally, the company said in a statement. The company has prioritised four key regions for international play including Africa, South East Asia, Middle East and SAARC… Read more »