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KKR Invests in Gambol Pet Group (Asia)
Global investment firm KKR has invested in China-based pet food company Gambol Pet Group through its China Growth Fund. With KKR’s support, Gambol plans to expand its production capacity in China, Thailand, Europe and the United States. Financial details of the transaction were not disclosed. Read More
Abraaj Acquires Middlesex University’s Dubai Campus (MENA)
Global growth markets investor The Abraaj Group has acquired Middlesex University’s overseas campus in Dubai. Abraaj reportedly paid 11x earnings before interest, tax, depreciation and amortization. Financial details of the transaction, which closed at the end of January, were not disclosed. Read More
Jacob Ballas Increases Stake in Adlabs Entertainment (Asia)
Private equity advisory firm Jacob Ballas Capital India has acquired an additional 1.7 percent stake in India-listed theme parks operator Adlabs Entertainment for INR110 million (approximately US$1.6 million), bringing its total stake in the company to six percent. Jacob Ballas, which had previously acquired shares in the company in 2014 and 2016, invested through NYLIM Jacob Ballas India Holdings IV.… Read More
L Catterton Invests in Rapsodia (Latin America)
Global consumer-focused private equity firm L Catterton has invested in Argentina-based women’s apparel company Rapsodia through L Catterton Latin America II. The company operates 90 stores across Argentina, Mexico, Chile, Uruguay, Colombia and Paraguay. With the support of L Catterton and existing shareholder Grupo de Narváez, Rapsodia plans to expand its brand across Latin America and globally. Financial details of… Read More
Participate in Wall Street Journal’s Financial Inclusion Challenge 2017
The Wall Street Journal invites nonprofit and for-profit enterprises to enter The Financial Inclusion Challenge competition and to showcase their solutions to the problems of financial access for the poor in the Asia-Pacific region. The competition is part of an editorial initiative aimed at providing insight into the challenges and triumphs faced in creating financial access for some of the more than two… Read More
Just Released! EMPEA Year-End Industry Statistics
2016 Emerging Markets Private Capital Activity Dips Year-Over-Year Despite Upswings in Select Markets, Strategies and Sectors Highlights Include Turkey, Mexico, Nigeria, Private Credit, Venture Capital and Oil & Gas EMPEA’s just-released Year-End 2016 Industry Statistics reveal that emerging markets (“EM”) private capital fundraising and investment—inclusive of private equity, private infrastructure and real assets and private credit—declined 9.4% and 12% year-over-year,… Read More
Kejora Star Capital II Reaches US$21 Million First Close (Asia)
Southeast Asia-focused venture capital firm Kejora Ventures has reached a first close for Kejora Star Capital II with US$21 million in capital commitments. Investors in the fund include Indonesia-based diversified industrials group Barito Pacific, Thailand-based conglomerate Charoen Pokphand Group and Germany-based Hubert Burda Media. The fund, which is targeting US$50 million to US$80 million in total commitments, will focus on… Read More
Qiyi.com Raises US$1.5 billion from Hillhouse Capital, IDG Capital, Sequoia Capital and Others(Asia)
China-based Qiyi.com (also known as iQiyi), a video-streaming platform majority-owned by search engine operator Baidu, has raised US$1.53 billion through the issuance of convertible notes to private equity and venture capital firms Hillhouse Capital, IDG Capital, Boyu Capital, Run Liang Tai Fund, Sequoia Capital China and Everbright-IDG Industrial Fund, an investment fund jointly launched by private equity firms China Everbright… Read More
Mid Europa to Exit Zabka Polska to CVC for US$1.22 Billion (CEE and CIS)
Central and Eastern Europe-focused private equity firm Mid Europa Partners has agreed to sell Poland-based convenience store chain Zabka Polska to global private investment firm CVC Capital Partners at a reported enterprise value of more than EUR1 billion (approximately US$ 1.1billion). Mid Europa, which originally acquired Zabka in 2011 at an enterprise value of EUR370 million (approximately US$509.6 million) through… Read More
ChrysCapital Holds Final Close for Its Seventh Fund with More than US$600m in Commitments (Asia)
India-focused private equity firm ChrysCapital Management has reached a final close for ChrysCapital VII with more than US$600 million in capital commitments. Investors in the fund include sovereign wealth fund Government of Singapore Investment Corporation (GIC), private equity fund of funds Asia Alternatives Management, Harvard Management Company, global insurance companies, university endowments and family offices. The fund will invest in… Read More
Kejora Ventures and K2 Venture Capital Lead Seed Round for MoneyTable (Asia)
Venture capital firms Kejora Ventures and K2 Venture Capital have led a US$1.5 million seed round for Thailand-based fintech company MoneyTable. Individual investors Chatchaval Jiaravanon and Chualapayap Srikarnchana also participated in the round. MoneyTable plans to use the new capital for working capital and customer base expansion. Read More
Capitalworks to Acquire Aon Shareholding in 10 Sub-Saharan African Countries (Sub-Saharan Africa)
Sub-Saharan Africa-focused alternative asset management firm Capitalworks has agreed to acquire Aon’s shareholding in its African insurance brokerage and employee benefit operations in Angola, Kenya, Lesotho, Malawi, Mozambique, Namibia, Swaziland, Tanzania, Uganda and Zambia. Financial details of the transaction, which is pending regulatory approval, were not disclosed. Once regulatory approval is obtained, the new group will trade under a new… Read More