LOS ANGELES: The Buss family has agreed to sell a majority stake in the Los Angeles Lakers to businessman Mark Walter in a deal that values the storied NBA franchise at $10 billion. The sale would set a new record for an NBA team valuation. The Lakers play at Crypto.com Arena, which is owned by…
LONDON, UK: EPE Special Opportunities Limited (ESO) through ESO Investments 1 Limited acquired a majority stake in Hamsard 3634 Limited, a news release said. Hamsard 3634 owns a collection of six heritage British homeware brands, including the iconic Kilner and Mason Cash marques, as well as Viners, Typhoon, Ravenhead and Price & Kensington. The Target…
LONDON: Apax X Fund, in which AGA is a limited partner, announced that it has entered into a definitive agreement to acquire a majority stake in Rodenstock Group, a leading manufacturer of premium ophthalmic lenses. The transaction is expected to close by Q3 2021, subject to applicable regulatory requirements, a news release said. On a…
LONDON: SEC Newgate S.p.A. has signed agreements to acquire a 60% shareholding in four tranches (15% per annum until 2024) in Orca Affairs GmbH in line with the Group’s Strategic Plan 2021/2023 and stated acquisition strategy. Orca Affairs, based in Berlin, has a strong track record in public and corporate affairs at a national level….
MP MENASHE, ISRAEL: Caesarstone Ltd. has closed on its previously-announced majority stake acquisition of Lioli Ceramica Pvt. Ltd, an India-based producer of cutting-edge porcelain countertop slabs, operating innovative and technologically advanced manufacturing facilities in Asia. Yuval Dagim, Chief Executive Officer commented, “We are extremely pleased to announce the completion of this investment. We have gained…
RIYADH: Vodafone Group has signed a Memorandum of Understanding (MOU) with Saudi Telecom Company (stc) in relation to a potential sale of Vodafone’s 55% shareholding in Vodafone Egypt to Saudi Telecom Company (stc). Vodafone and stc have agreed a cash consideration of US$2.392 billion for Vodafone’s 55% shareholding in Vodafone Egypt, equivalent to an Enterprise…