Accel and Tiger Global are in discussions over the sale of their remaining stake in Indian e-commerce firm Flipkart to US retail giant and majority shareholder Walmart, in a deal valued at around $1.5 billion, according to a report by the Economic Times. Both companies were early backers of Flipkart with Accel now holding a stake of just over 1% of the business and Tiger Global about 4%. Walmart acquired a majority stake in Flipkart for about $16 billion in 2018 – its biggest deal ever -–and later that year set a four-year target for taking the company private.. According

Capsa Healthcare, a portfolio of middle-market private equity firm Levine Leichtman Capital Partners, has acquired Tryten Technologies Inc, a provider of lightweight, non-powered carts predominantly focused on enabling telehealth solutions. 

Electric car subscription service Onto has raised a new credit funding line of £100 million from global investment group CDPQ and independent asset manager Pollen Street. The asset-backed facility will enable Onto to continue expanding its UK fleet with the latest electric car models.  This new facility builds on the existing relationship between Onto and Pollen Street, which has been a finance partner to the business since July 2021. The facility also represents a new partnership between Pollen Street and CDPQ.  Onto’s monthly subscription model is all-inclusive of insurance, breakdown cover and free public charging. It empowers subscribers with flexibility

An affiliate of global private investment firm Bain Capital Private Equity has sold its stake in diversified maritime logistics player J M Baxi Ports & Logistics to German shipping and container transportation company Hapag-Lloyd. 

Hipgnoisis Song Management, a Blackstone-backed, UK investment firm focussed on music catalogues and royalties, has acquired the rights to Justice Bieber’s publishing and recorded music back-catalogue in a deal valued at around $200 million, according to a report by the Wall Street Journal. The deal covers more than 290 titles released by the Canadian singer before the end of 2021. Accordiong to Hipgnosis, Universal Music Group will retain ownership of Bieber’s master recordings, or recorded music copyrights, in perpetuity. Hipgnosis teamed with Blackstone in October 2021 to launch a $1 billion partnership to invest in songs, recorded music, music IP

Private equity firm Bain Capital is in talks with Blackstone to acquire around 50% of its stake in Embassy Office Parks, India’s largest real estate investment trust (REIT), in a deal worth up to $480 million, according to a report by Reuters.

Oaktree Capital Management, a US-based private investment firm focussed on distressed debt investment strategies, has sold an additional stake of 25.2 million shares in the Oslo-listed product tanker unit of BW Group, Hafnia, according to a report by Splash247. Oaktree-controlled OCM Luxembourg Chemical Tankers used Fearnley Securities, Jefferies and Pareto Securities to execute a block sale of existing shares equal to approximately 5.01% of the business, through a private placement, at a price of NOK50 per share, which equates to approximately NOK1.26 billion ($127.6 million). Prior to this sale, Oaktree held around 50.2 million shares in Hafnia, or just under

Godspeed Capital Management, a private equity firm focussed on defence & government services, solutions, and technology investments, has acquired Morris & Associates, Engineers, a Texas-based engineering and architectural firm.