Vodafone Idea targets $3bn investment from Apollo Global

Vodafone Idea targets $3bn investment from Apollo Global

According to sources, the struggling Indian telco has begun discussions with the US private equity fund and may sell a “sizeable stake” in the business. Vodafone Idea, rebranded as Vi last year, has been in the financial doldrums for a number of years now, having...
CD&R-owned Core & Main eyes $7.5bn valuation in U.S. IPO

CD&R-owned Core & Main eyes $7.5bn valuation in U.S. IPO

Maintenance services company Core & Main Inc said on Tuesday it was targeting a valuation of up to $7.5 billion in its initial public offering in the United States. Core & Main, which is looking to list on the New York Stock Exchange, is owned by investment...
Advent sells Allnex for $4.75bn

Advent sells Allnex for $4.75bn

US private equity firm Advent International has agreed to sell German coating resins manufacturer Allnex to PTT Global Chemical for $4.75bn. The deal is expected to close in Q4 2021, subject to regulatory approvals. Allnex has around 4000 employees worldwide and...