HSBC’s Indian asset management unit is buying the mutual fund arm of India’s L&T Finance Holdings for $425m to strengthen its local operations, the bank said on Thursday. HSBC intends to merge L&T Investment Management Limited (LTIM) with HSBC Asset Management...
Permira has exceeded its target to close its second Growth Opportunities fund at $4bn, more than doubling the size of an earlier fund in the series. The private equity firm said Wednesday that the fund builds on Permira’s technology and digital investing strategy....
Global buyout major Advent International has bought into software developer Encora at $1.5bn valuation. Existing majority shareholder Warburg Pincus will retain a minority stake. Encora provides outsourced software products using deep technical expertise in machine...
The Ontario Municipal Employees Retirement System pension fund sold a long-held stake in the U.K.’s second-largest natural gas distribution network on Wednesday for $1.6bn, more than tripling its original investment and raising capital for new infrastructure projects....
Vista Equity Partners will acquire a majority stake in Salesloft Inc, valuing the sales engagement software company at $2.3bn, the Wall Street Journal reported on Wednesday, as a record year for private-equity tech deals nears its end. The U.S.-based investment firm... 