M&A News

Bain Capital to lead $1.8 bn fund infusion in Axis Bank

10 November, 2017/VCCiRCLE/- US-based global alternative investment firm Bain Capital, state-run Life Insurance Corporation and investment management firm Capital Group will acquire Axis Bank shares and convertible warrants worth a total of Rs 11,626 crore ($1.8 billion). Mumbai-based Axis Bank…
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Cybage co-founder Deepak Nathani picks 30% stake in Benoit Fashion

31 October, 2017/VCCiRCLE/- Pune-based online fashion startup Benoit Fashion has raised an undisclosed amount of funding from Deepak Nathani, founder and chief executive officer of Relfor Labs, a consumer Internet company. Nathani, who is also co-founder and former chief operating…
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WestBridge Capital bets on household appliance maker IFB

23 October, 2017/VCCiRCLE/- Public markets-focussed private equity firm WestBridge Capital Partners has picked up a minority stake in a household appliances maker, its second bet on a consumer-focussed company within two months. WestBridge bought a 1.7% stake in Mumbai-listed IFB…
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TeamLease to acquire Evolve Tech, enter telecom staffing

Oct 16, 2017/The Economic Times/- Recruitment firm TeamLease Services today said it will acquire Pune-based Evolve Technologies, a move that will enable it to enter telecom staffing space. TeamLease Services and Evolve Technologies have signed a definitive agreement under which…
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