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Advent International-backed Grupo Biotoscana Raises US$427 Million in IPO (Latin America)
Colombia-based pharmaceutical company Grupo Biotoscana has raised a total of BRL1.34 billion (approximately US$427 million) in its initial public offering (IPO) on B3 (formerly BM&FBOVESPA). The offering consisted of 50.6 million Brazilian Depository Receipts (BDRs), including a primary offering from Biotoscana and a secondary offering from global private equity firm Advent International, health care-focused investor Essex Woodlands Health Ventures and… Read More
The Abraaj Group Exits Careem as Part of US$150 Million Investment Round (MENA)
Germany-based carmaker Daimler, Saudi Stock Exchange-listed Kingdom Holding, venture capital firm DCM Ventures and alternative investment firm Coatue Management have invested US$150 million in Dubai-based transportation and ride hailing business Careem. As part of the transaction, global growth markets investor The Abraaj Group, which originally invested in Careem in 2015, has exited its stake in the company. Including shares purchased… Read More
EAIF and IFC to Invest US$55 Million in 40.5-megawatts Solar Farm (Sub-Saharan Africa)
The Emerging Africa Infrastructure Fund (EAIF), a joint public and private investment fund owned by the Private Infrastructure Development Group and managed by Investec Asset Management, and International Finance Corporation (IFC) have agreed to provide a US$55 million financing package to support the development of the 40.5-megawatt Mocuba solar photovoltaic plant in Mozambique. EAIF will provide a US$16.9 million B… Read More
Warburg Pincus to Invest Up To US$300 Million in Princeton Growth Ventures (Pan-Emerging Markets)
Global private equity firm Warburg Pincus has agreed to invest up to US$300 million in Princeton Growth Ventures, a telecommunications, media and technology infrastructure platform founded and led by Rangu Salgame. The company will focus on acquiring both standalone and carve-out telecom assets, with a particular focus on data centers and digital media services in geographies including India, China, Southeast… Read More
Aqua Capital Agribusiness Fund II Reaches US$370 Million Final Close (Latin America)
Aqua Capital, an agribusiness private equity firm focused on control investments in South America, has reached a final close for Aqua Capital Agribusiness Fund II at its hard cap with US$370 million in capital commitments. Investors in the fund include endowments, foundations, funds of funds, asset managers, pension funds, family offices and sovereign wealth funds. Nearly 30 percent of capital… Read More
Samena Capital Invests US$19 Million in SM Asset Holdings (Asia)
Samena Capital, a principal investment group focused on the Indian subcontinent, the Middle East and North Africa, has completed its first deal in Myanmar by investing US$19 million in tourism platform SM Asset Holdings through Samena Special Situations Fund III. The company plans to use the new capital to acquire and develop two tourism assets in Myanmar, comprising the exclusive… Read More
TPG to Acquire Controlling Stake in Vietnam Australia International School, Mekong Capital and Maj I
Global private investment firm TPG has agreed to acquire a controlling stake in Vietnam-based private education group Vietnam Australia International School (VAS), providing an exit for Vietnam-focused private equity firm Mekong Capital and Denmark-based asset management firm Maj Invest. VAS currently operates seven campuses in Ho Chi Minh City and plans to further expand its operations in Ho Chi Minh… Read More
Warburg Pincus Invests US$77 Million in Kalyan Jewellers (Asia)
Global private equity firm Warburg Pincus has invested INR5 billion (approximately US$77 million) in India-based jewelry retailer Kalyan Jewellers. The company operates 106 outlets in South Asia and the Middle East and plans to use the funds to expand its geographic presence and develop an e-commerce segment. Warburg previously invested in Kalyan in 2014. Read More
Capital Group Private Markets Acquires Stake in Intas Pharmaceuticals from ChrysCapital (Asia)
Pan-emerging markets private equity fund manager Capital Group Private Markets has acquired a 3 percent stake in India-based Intas Pharmaceuticals from India-focused private equity firm ChrysCapital for a reported US$107 million. ChrysCapital, which will retain a 3 percent stake in the company, originally invested in Intas in 2006 through ChrysCapital III and subsequently in 2012 through ChrysCapital IV. Read More
KKR to Invest US$250 Million in Masan Group, PENM Partners to Exit (Asia)
Global investment firm KKR has agreed to invest US$250 million in Vietnam-based Masan Group, a diversified industrial group with business lines in food and beverage, financial services and natural resources. The transaction includes US$100 million to purchase shares in Masan Group owned by Vietnam-focused private equity firm PENM Partners and US$150 million to acquire a 7.5 percent stake in Masan… Read More
Gaja Capital Partially Exits CL Educate in IPO for US$4.7 Million (Asia)
India-focused private equity firm Gaja Capital Partners has partially exited India-based educational services and skills training company CL Educate via the company’s IPO on the Bombay Stock Exchange and National Stock Exchange, which raised INR2.4 billion (approximately US$37 million) at an offer price of INR502 (approximately US$7.73) per share. Gaja sold 605,000 of its 1.8 million shares in the company… Read More
Morningside Venture Capital Reaches US$145 Million Final Close for First RMB Fund (Asia)
China-focused venture capital firm Morningside Venture Capital has reached a final close for its first RMB fund with CNY1 billion (approximately US$145 million) in capital commitments. Investors in the fund include Gopher Asset Management, CICC Qiyuan National New Industry Venture Capital Guidance Fund, Suzhou Guochuang Kaiyuan Fund, Huatai Merchants Capital Market Investment FoF, China Merchants Venture, Shengjing FoF and CreditEase… Read More