Industry News – Page 350

FLF Raises USD122 Million from Blackstone and AION

India-listed fashion retail group Future Lifestyle Fashions (FLF) has secured INR8.4 billion (approximately USD122 million) from global alternative asset manager Blackstone Group and AION Capital Partners, a joint venture between India-focused ICIC Venture Funds Management and US-based alternative investment firm Apollo Global Management, via two separate transactions. Blackstone acquired 12 million shares in FLF for INR5.4 billion (USD79 million) from… Read More

IMM Reaches USD1.3 Billion First Close for Fourth Fund

Korea-focused fund manager IMM Private Equity has reached a first close for RoseGold IV with USD1.3 billion in capital commitments. Investors in the fund include the Korean National Pension Service and other Korea-based and foreign investors. The fund, which is seeking USD1.5 billion in total commitments, will pursue minority and control deals in Korea-based companies. Read More

Warburg Pincus Agrees to Back Acquisition of Pampo and Enchova Oilfields, Sells Stake in Wise Talent for USD15 Million

Trident Energy, an Africa- and Latin America-focused oil and gas exploration company established by global private equity fund manager Warburg Pincus, has agreed to acquire the rights to the Pampo and Enchova offshore oilfields from Brazilian state-owned oil company Petrobras. Trident will acquire the assets using a reserve-based loan, in addition to financial support from Warburg and other investors. Financial… Read More

Actis Agrees to Acquire Babilônia Wind Farm for USD172 Million

African Infrastructure Investment Managers (AIIM), a subsidiary of Africa-focused asset manager Old Mutual Alternative Investments, has reached a final close for African Infrastructure Investment Fund 3 (AIIF3) with USD320 million in capital commitments. The fund received commitments from investors in AIIM’s previous fund, AIIF2, and new investors from Africa, Europe, and Asia. AIIF3 will invest in middle-market infrastructure projects in… Read More

AIIM Reaches USD320 Million Final Close for AIIF3

African Infrastructure Investment Managers (AIIM), a subsidiary of Africa-focused asset manager Old Mutual Alternative Investments, has reached a final close for African Infrastructure Investment Fund 3 (AIIF3) with USD320 million in capital commitments. The fund received commitments from investors in AIIM’s previous fund, AIIF2, and new investors from Africa, Europe, and Asia. AIIF3 will invest in middle-market infrastructure projects in… Read More

Mediterrania and Ekuity Invest in Aziza

Africa-focused growth equity fund manager Mediterrania Capital Partners and Ekuity Capital, an investment firm backed by the governments of Tunisia and Kuwait, have invested in Tunisia-based supermarket chain Aziza. Mediterrania reportedly acquired a 20 percent stake in the company through its third fund. Aziza plans to partner with Mediterrania and Ekuity to expand operations. Financial details of the transaction were… Read More

Mediterrania and Ekuity Invest in Aziza

Africa-focused growth equity fund manager Mediterrania Capital Partners and Ekuity Capital, an investment firm backed by the governments of Tunisia and Kuwait, have invested in Tunisia-based supermarket chain Aziza. Mediterrania reportedly acquired a 20 percent stake in the company through its third fund. Aziza plans to partner with Mediterrania and Ekuity to expand operations. Financial details of the transaction were… Read More

Northstar Sells 25 Percent Stake in Thai Credit to Olympus Capital-Led Consortium for USD91 Million

A consortium led by Asia middle market-focused private capital fund manager Olympus Capital Asia has acquired a 25 percent stake in Thai Credit Retail Bank, a Thailand-based microfinance bank, for USD91 million from Southeast Asia-focused private equity firm Northstar Group. A portion of the total investment will be contingent on the company’s future performance. Northstar first acquired a stake in… Read More

CVC Capital-Led Consortium to Acquire 30 Percent Stake in GEMS Education

A consortium led by global private capital fund manager CVC Capital Partners has agreed to acquire a 30 percent stake in GEMS Education, a UAE-based K-12 school operator. The investment will facilitate exits for global principal investment firm Fajr Capital, global alternative asset manager Blackstone Group, and Bahraini sovereign wealth fund Bahrain Mumtalakat Holding Company. GEMS has concurrently launched a… Read More

KKR Sells Stake in SBI Life for USD73 Million, Joins USD10 Million Investment in aCommerce

Global alternative asset manager KKR has sold a 0.65 percent stake in SBI Life, the insurance subsidiary of the State Bank of India, for INR5 billion (approximately USD73 million) on the National Stock Exchange of India. KKR, which originally acquired a 4 percent stake in SBI Life in 2016 for USD265 million, will retain a 1.3 percent stake in the… Read More

SBVA Growth Acceleration Fund Holds USD269 Million First Close

Asia-focused private equity fund manager Softbank Ventures Asia has held a first close for its Growth Acceleration Fund with KRW317 billion (approximately USD269 million) in commitments. Investors in the fund include SoftBank Group, Korea’s National Pension Service, and other institutional investors. The fund will invest in early-stage opportunities globally, with a primary focus on Asia. Read More

Brookfield-Led Consortium to Invest USD3.7 Billion in Reliance Jio Infratel

A consortium led by global alternative investment firm Brookfield Asset Management has agreed to invest INR252 billion (approximately USD3.7 billion) in the controlling entity of Reliance Jio Infratel (RJIPL), an India-based telecommunications tower operator owned by conglomerate Reliance Industries. The capital will be used to acquire a 49 percent stake in RJIPL and repay its debts. Brookfield will invest through… Read More