Latest news with #AllianzSE
Bloomberg
a day ago
- Business
- Bloomberg
Shadow Lender HDB Set to Debut After Biggest Indian IPO of 2025
Shares of HDB Financial Services Ltd. will start trading in Mumbai on Wednesday after the shadow lender's 125 billion-rupee ($1.5 billion) initial public offering — India's biggest this year — attracted strong demand from investors. HDB, a unit of India's biggest private lender HDFC Bank Ltd., sold shares at 740 rupees apiece, the top of their marketed range. The offering lured interest from global funds such as those managed by Morgan Stanley and Allianz SE, as well as from domestic institutions like Life Insurance Corp. of India.
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Business Standard
4 days ago
- Business
- Business Standard
India's M&A deals touch $41.5 bn in H1 as PEs, firms eye healthcare, infra
India's mergers and acquisitions (M&A) market recorded deals worth $41.49 billion in the first half of 2025, down nearly 6 per cent from a year ago, as large-ticket transactions remained limited. Despite the dip in value, a 4.6 per cent rise in deal count to 1,577 signals continuing appetite among domestic conglomerates and private equity (PE) funds for mid-sized and smaller assets. Healthcare, infrastructure, and financial services emerged as key drivers, even as overall value trailed the post-pandemic highs of 2022, when first-half dealmaking had peaked at over $135 billion, largely due to the HDFC Bank–HDFC mega merger. Key deals in H1 2025 Temasek's acquisition of a 10 per cent stake in Haldiram Foods from its promoters for $1 billion was another marquee transaction in the period. Top Deals Deal Type Announce Date Target Name Acquirer Name Seller Name $ Mn M&A Jan 14, 25 Access Healthcare Services Pvt Ltd New Mountain Capital LLC 2,000 M&A Apr 17, 25 Abbot Point Port Holdings Pte Ltd Adani Ports & Special Economic Zone Ltd Carmichael Rail And Port Singapore Holdings Pte Ltd 1,967 M&A Mar 17, 25 Bajaj Allianz General Insurance Co Ltd Bajaj Holdings & Investment Ltd Allianz SE 1,219 M&A Jun 27, 25 Akzo Nobel India Ltd Jsw Paints Pvt Ltd Akzo Nobel NV 1,070 INV May 09, 25 Yes Bank Ltd Sumitomo Mitsui Banking Corp State Bank of India 1,040 INV Mar 12, 25 Haldiram Snacks Pvt Ltd Temasek Holdings Pte Ltd 1,000 M&A Mar 17, 25 Bajaj Allianz Life Insurance Co Ltd Bajaj Holdings & Investment Ltd Allianz SE 920 M&A Feb 14, 25 Global glass reinforcements business/Owens Corning Praana Group Owens Corning 755 M&A Jan 07, 25 Offshore Azeri Chirag Gunashli oil field/Azerbaijan ONGC Videsh Ltd,State Oil Co of the Azerbaijan Republic Equinor ASA 720 Source: Bloomberg In infrastructure, Adani Ports & SEZ acquired Abbot Point Port Holdings for $1.97 billion from its promoter entities, continuing its push into overseas port assets. The group also indicated plans to invest up to $20 billion annually in India's infrastructure sector, including greenfield projects. Among conglomerates, Hindalco Industries Ltd, the Aditya Birla Group's metals flagship, acquired US-based AluChem Companies Inc. for $125 million. Bajaj Holdings & Investment Ltd. bought out Allianz SE's stake in Bajaj Allianz General Insurance for $1.2 billion, signalling consolidation in the fast-evolving insurance sector. The acquisition of Akzo Nobel India by JSW Paints, announced last week, was another significant M&A deal this year. PE firms remained active but cautious. While the number of PE-backed transactions held steady, average deal size declined. Sectors like consumer tech and edtech, previously hotbeds of activity, saw muted interest amid valuation resets and funding constraints. What's driving deals While deal value declined year-on-year, investment bankers said the pipeline remains robust, especially in renewable energy, digital infrastructure and industrials. 'There's significant dry powder waiting to be deployed from our Asia funds,' said a senior executive at a global PE fund. 'We expect a second-half bounce as clarity emerges on policy and rate transmission direction post the recent cuts.' Among the global funds, Blackstone Inc. announced plans to double its India exposure to $100 billion from the current $50 billion. Brookfield also stated its intention to invest $100 billion in India over the next five years. Bankers said that while India's M&A landscape may be off its peak, it remains one of the most active in Asia, supported by digital penetration, formalisation of the economy and rising consumption. Promising second half Among closely watched second-half deals is Reliance Industries' bid to acquire Castrol India Ltd., in a move that could bolster its downstream oil-to-chemicals portfolio. BP Plc, which owns a majority stake in Castrol India, has invited expressions of interest, with Reliance among the suitors. Other significant deals in discussion include Torrent Group's potential acquisition of JB Chemicals and Pharmaceuticals from US-based private equity major KKR & Co, at a total equity valuation of $3 billion. Period Deal Count $ Bn Change Y-o-Y % 2016 H1 897 25.58 33.2 2017 H1 792 37.41 46.2 2018 H1 1041 81.35 117.4 2019 H1 1043 44.96 -44.7 2020 H1 870 54.21 20.6 2021 H1 1251 62.93 16.1 2022 H1 1945 135.05 114.6 2023 H1 1255 40.96 -69.7 2024 H1 1507 44.00 7.4 2025 H1 1577 41.49 -5.7 Deal Type : M&A, Investment Source: Bloomberg Meanwhile, the Adani Group, Vedanta and three others have submitted financial bids for Jaiprakash Industries, in a race that may see final offers exceeding the Rs 12,000 crore mark (approximately $1.4 billion).
Bloomberg
18-06-2025
- Business
- Bloomberg
Asset Owners With $9.5 Trillion Call for Stopping Deforestation
A coalition of pension funds and insurance companies holding a combined $9.5 trillion of assets has called on investors to ensure their portfolios aren't supporting or enabling deforestation. The Net-Zero Asset Owner Alliance, whose signatories include Allianz SE and the California Public Employees' Retirement System, said in a report published Wednesday that investors should ensure they have a firm grasp of their exposure to deforestation and take steps to 'phase out' any harms to forests stemming from their investments in commodities such as beef, cocoa and palm oil by 2030.
Mint
06-06-2025
- Business
- Mint
'US no longer a safe nation for investment': Why Carmignac chief economist thinks Trump's 'revenge tax' will backfire
Raphael Gallardo, chief economist at French asset manager Carmignac. warned that the United States is no longer a secure destination for foreign investors because of risks stemming from President Donald Trump's tax and spending bill, as reported by Bloomberg. Gallardo is the latest market commentator to speak about the deep concerns over Section 899 of the bill, a provision that would increase tax rates for individuals and companies from countries whose tax policies the US considers 'discriminatory'. Some have dubbed the measure a 'revenge tax'. During a briefing on the outlook for the second half of the year, Gallardo said, 'The United States is no longer a safe nation for investment.' Carmignac, which had about $39 billion under management at the end of 2024, titled its presentation ''From America First' to Global Financial Anarchy'. Gallardo believes that Trump's unpredictable decisions on trade, along with the concerns around his foreign policy and the rule of law are all prompting traditional allies of the US to reduce their dependence and ties to the world's biggest economy. 'Why de-risk? Because the United States has become a totally unreliable military ally and so, one has to secure supply chains, find new markets,' as reported by Bloomberg. According to Bloomberg data, the Wall Street consensus is that the tax provision would further decrease investors' confidence in US assets, which are already shaken by Trump's trade policies and America's deteriorating fiscal accounts. The tax provision could trigger a 5 per cent fall in the dollar and a 10 per cent selloff across equities, according to Allianz SE chief investment officer Ludovic Subran. Carmignac is diversifying asset allocations from the US to Europe, where Germany's historic fiscal reforms have given a boost to economic growth, reported Bloomberg. German Chancellor Friedrich Merz has taken a series of measures to add weight to the country's military capacity, accelerate infrastructure spending and revive the economy through comprehensive corporate tax breaks. 'Trump managed to achieve what no one had managed before, and that's to make the Germans start to spend,' Gallardo said. Bloomberg reported that European equities have emerged as clear winners worldwide this year as concerns over the Trump administration's trade policies encourage investors to reduce holdings of US assets. At the end of May, eight of the world's 10 best-performing stock indexes were European. Carmignac handles a range of funds across equity, fixed income, diversified and alternative asset classes with different geographical focuses and target outcomes. It was among asset managers who predicted the rally in global shares last year, dismissing talk of a bubble in equity markets, as per Bloomberg
Bloomberg
05-06-2025
- Business
- Bloomberg
Allianz in Talks to Buy Private Credit Manager Capital Four
Allianz SE is in talks to buy European credit manager Capital Four, people with knowledge of the negotiations said. The German insurer is holding preliminary discussions with Capital Four, the people said, asking not to be identified because the information is private. The talks could still be delayed or fall apart, the people added.
