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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
Actis Acquires 44.4 Percent Stake in GHL Systems, Creador Exits (Asia)
Global growth markets investor Actis has acquired a 44.4 percent stake in Malaysia-listed payments company GHL Systems for a reported MYR290 million (approximately US$66 million) from South- and Southeast Asia-focused private equity firm Creador and Simon Loh, executive vice-chairman of GHL. Actis also extended a mandatory takeover offer for the remaining shares of GHL. Creador originally invested in the company… Read More
True North to Acquire 40 Percent Stake in Kerala Institute of Medical Services for US$200m (Asia)
True North, an India-focused private equity firm formerly known as India Value Fund Advisors, has agreed to invest US$200 million for a 40 percent stake in India-based hospital chain Kerala Institute of Medical Services (KIMS). The deal will provide an exit to India-focused private equity firm Ascent Capital and health care-focused investment firm OrbiMed Advisors, which originally invested in the… Read More
DOMO Invest Raises US$32 Million for Debut Fund (Latin America)
Brazil-focused venture capital firm DOMO Invest has reportedly raised BRL100 million (approximately US$32 million) for its debut fund. Investors in the fund include Brazil-based family offices. The fund will target seed-stage companies in the technology sector in Brazil. Read More