CANADA > USA based Michelin is set to acquire Canada based Camso for $1.45 billion

michelin logo Michelin is set to invest $1.45 billion for the acquisition of Camso which also makes specialty tires including snowmobile tracks. The deal is expected to generate $55 million in higher sales by 2021 while lowering the expenses. Closely held Camso, which has had sales of $1 billion’s headquarters in Magog, Quebec will be the two companies off road operations center. More …

INDIA > IFC which is a member of the World Bank Group is set to invest INR 6.4 billion ($100 million) in Mahindra & Mahindra Financial Services Ltd (Mahindra Finance)

IFC logo   Investing $100 million in Mahindra Finance, IFC intends to enable Mahindra Finance to further augment its growth and in turn extend mainly farming loan to individuals to buy tractors, vehicles and other equipment along with financing small and medium enterprises. To be secured through nonconvertible debentures, this loan will assist Mahindra Finance which is already the country’s leading rural More …

USA > UK based Third Bridge expands in the USA with second office

third bridge logo A leading research firm that primarily serves investment companies, Third Bridge is expanding in the US with opening of an office in Los Angeles. Third Bridge established its North American headquarters in New York City in 2010 and since the US team has grown to over 200 employees. The expansion of the second office in Los Angeles was as a More …

PHILIPPINES > Asian Development Bank (ADB) signs MOU on $7.1 Billion Lending Pipeline for 2019 to 2021

Adb logo Asian Development Bank (ADB) along with Philippines’ National Economic and Development Authority (NEDA) and Department of Finance (DOF) have signed a memorandum of understanding (MOU) stating $7.1 billion sovereign lending program to the Philippines from 2019 to 2021. According to NEDA Secretary Mr. Ernesto Pernia: “I am very happy about this program. ADB has been very cooperative and helpful in More …

UK > Canada based Stars Group acquires UK based Sky Betting and Games for $4.7 billion  

stars group logo Owners of PokerStars, Stars Group acquires UK based Sky Betting and Gaming from CVC for $4.7 billion to position itself for potential U.S. market opening. The acquisition turns the online poker giant into a major sports betting player with a strong foothold in Europe to U.S. if the market fully opens. The cash and stock deal was made with CVC More …

UK > Canada based Optimal Payments Plc. is set to acquire London based Skrill for €1.1 billion (US$1.3 billion)

Optimal Payments logo A global provider of online and mobile payment processing services, Optimal Payments Plc., is set to acquire Skrill Group. Skrill Group is a subsidiary CVC Funds and other shareholder and Optimal is set to acquire Skrill for approximately €1.1 billion (US$ 1.3 billion). Skrill is one of the leading digital payment of Europe business that provide digital wallet solutions and More …

NORWAY > The Netherlands based Bitfury is set to invest $35 million in new energy- efficient data center in Norway and creating 30 new local jobs

Bitfury logo Bitfury Group is set to expand into Norway with the opening of an energy efficient data center investing about  274 million NOK (35 million USD) in the data center’s infrastructure and expects the center to create approximately 30 local jobs. Two physical sites in Mo Industrial Park in the town of Mo i Rana is planned by the data center. More …