WestBridge Capital divests stake in IndiaMART InterMESH, Rajat Agrawal sells Gravita India shares
WestBridge Capital divests 1.2% stake in IndiaMART InterMESH for Rs 190 crore through open market transactions. Rajat Agrawal sells 2% stake in Gravita India for Rs 191 crore. Significant movements in the Indian market observed.
Australian Retirement Trust Increases Private Credit Allocations
The Australian Retirement Trust is increasing its private credit allocations to target opportunities in Europe and North America, aiming to raise its position to 2.5 per cent. With a focus on the lower-risk, unlisted segment of the credit market, the firm plans to leverage external managers and internal teams to diversify its portfolio. This move aligns with the growing trend among Australian pension funds, like UniSuper, to enhance private credit investments for long-term success in the current market environment.
Baltimore Orioles to be Sold to Group Led by David Rubenstein
John Angelos, the chair and managing partner of the Baltimore Orioles, has agreed to sell the team to a group led by Baltimore native David Rubenstein, along with New York businessman Michael Arougheti and other investors, as reported by The…
Private-Equity Firms Compete to Acquire DocuSign Inc.
DocuSign Inc.’s stock surged 10% late Thursday following a report that private-equity firms Bain Capital and Hellman & Friedman are competing to acquire the provider of online-signature services. The firms are among the final bidders for DocuSign, according to a…