Latest Business News
Enstar Group Acquires AF Group in Major Insurance Deal
Enstar Group Limited, backed by Sixth Street, announced the acquisition of Accident Fund Holdings, Inc. (AF Group) from Blue Cross Blue Shield of Michigan. AF Group provides insurance solutions across all 50 US states with $3.3 billion in 2025 gross written premiums; the deal is expected to close in H2 2026 pending approvals. Simpson Thacher & Bartlett is advising Enstar on the transaction.
Earthworks Industries Acquires Intellectual Protocol for Minerals Recovery
Earthworks Industries Inc. (TSX-V: EWK) announced the acquisition of Intellectual Protocol, a minerals recovery system, and appointed Chad McMillan as strategic advisor. This move supports advanced resource extraction technologies. The deal was disclosed on February 13, 2026.
Blue Moon Metals Closes Acquisition of Springer Tungsten Mine
Blue Moon Metals Inc. (TSXV: MOON, NASDAQ: BMM) completed its acquisition of the Springer Tungsten and Critical Metals Mine and processing plant in Nevada. The move aligns with US Section 232 initiatives for critical minerals. Closure occurred on February 10, 2026.
Rainmatter Acquires Majority Stake in PensionBox
Zerodha's investment arm Rainmatter acquired a majority stake in PensionBox for USD 2 million to bolster retirement planning solutions in fintech. This is part of active M&A in fintech and logistics sectors. The deal strengthens financial services for retirement.
USV Acquires 79% Stake in Wellbeing Nutrition for INR 1,583 Crore
USV Private Limited acquired a 79% stake in Wellbeing Nutrition, marking major consolidation in India's nutrition and wellness sector. M&A activity is robust in healthcare nutrition. The transaction highlights investor interest in health-focused businesses.
Aye Finance Launches INR 1,010 Crore IPO
Aye Finance opened its INR 1,010 crore IPO from February 9-11, 2026, targeting MSME lending and attracting strong investor interest. Fractal Analytics also launched a INR 2,833.9 crore IPO in the same period. This signals appetite for AI and lending firms.
Radiance Renewables Secures USD 17 Million Funding
Radiance Renewables raised USD 17 million from investors including Cactus Partners and Jungle Ventures for renewable energy solutions like solar and wind systems. The funding supports decarbonisation and cost-cutting for corporates. It enables up to 40% energy cost reductions.
Scotiabank Forecasts Strong US Q4 GDP Amid Tariff Concerns
US Q4 GDP growth is expected to be solid, but sustainability issues and Trump tariffs burdening US consumers and businesses are highlighted. Five studies confirm Americans pay for tariffs. Central banks like RBNZ and Bank Indonesia unlikely to cut rates soon.
Sumitomo Forestry to Acquire Tri Pointe Homes for $4.5 Billion
Japanese firm Sumitomo Forestry plans an all-cash acquisition of US homebuilder Tri Pointe Homes at $47 per share, totaling about $4.5 billion. The deal expands Sumitomo's US presence in housing. It reflects cross-border M&A trends.
ET Now Summit: India Poised as Next Global Growth Engine
At ET Now Global Business Summit 2026, leaders discussed multipolarity without rules risking instability, but bet on India, Vietnam, Indonesia as growth drivers. India's rise could benefit neighbors like Bangladesh. Europe's challenges include Russia and competitiveness.
Universal Music Group Gets EU Nod for Downtown Acquisition
UMG secured EU antitrust approval for its Downtown Music takeover after divesting royalties platform Curve. This clears a key hurdle for the world's largest recorded music company's expansion. Big Tech deals like Google's Wiz acquisition also advance in EU.
fdp Private Wealth Acquires Majority in MultiD for Medical-Finance Solutions
fdp Private Wealth Management acquired a majority interest in MultiD to offer integrated medical-finance solutions for Quebec physicians. The deal marks a milestone in financial services for healthcare professionals. It enhances wealth management offerings.