GPCA covers the latest fund, investment and industry news across our markets in two newsletters: NewsWatch is a weekly round-up of key transactions across asset classes; the Global Tech Brief is a bi-weekly review of tech transactions and innovations with cross-border applications. Subscribe in the left-hand sidebar.
Access past editions of NewsWatch here.
The Carlyle Group and CITIC Acquire McDonald’s China and Hong Kong Franchises (Asia, Latin America)
The Carlyle Group, China-based conglomerate CITIC and CITIC’s alternative investment arm CITIC Capital Holdings have agreed to acquire the mainland China and Hong Kong businesses of global fast food chain McDonald’s for a total consideration of up to US$2.08 billion. Carlyle will invest through Carlyle Asia Partners IV. After the transaction is completed, CITIC and CITIC Capital will have a… Read More
COPE Exits Serba Dinamik via IPO (Asia)
Malaysia-focused asset management firm CMS Opus Private Equity (COPE) has reduced its stake in Malaysia-based energy services group Serba Dinamik Holdings from 16 percent to 6 percent by selling 85 million shares in the company for MYR128 million (approximately US$29 million) in the company’s IPO on the Main Market of Bursa Malaysia. COPE originally invested in Serba Dinamik through COPE-KPF… Read More
Exfinity Venture Partners Completes US$44 Million Final Close of Second Fund (Asia)
Exfinity Venture Partners has completed an INR3 billion (approximately US$44 million) final close for its second fund. Investors in the fund include family offices, high-net worth individuals and institutions. The fund will invest in business-to-business technology companies in the United States and Indi Read More
Abris Capital Partners Completes Acquisition of Kopernikus Technology (CEE and CIS)
Central & Eastern Europe-focused mid-market private equity firm Abris Capital Partners has acquired a majority stake in Serbia-based cable television and broadband service provider Kopernikus Technology. Abris will invest through Abris CEE Mid-Market Fund III. Financial details of the transaction were not disclosed. Read More
Lightbox Ventures Closes US$54 Million Expansion Fund (Asia)
India-focused venture capital firm Lightbox Ventures has closed an expansion fund with approximately US$54 million in commitments. Investors in the fund include endowments, pension funds, funds of funds and family offices. The fund will invest in Lightbox’s existing portfolio companies, supporting their further growth. Read More
Actis Sells Globeleq Mesoamerica Energy to Corporacion Multi Inversiones (Latin America)
Growth markets investor Actis and investment management firm Mesoamerica have sold their 100 percent stake in Costa Rica-based renewable energy company Globeleq Mesoamerica Energy (GME) to Guatemala-based conglomerate Corporacion Multi Inversiones. Actis originally acquired a 70 percent stake in GME in 2010. GME has an operating capacity footprint of 394 megawatts across assets in Costa Rica, Honduras and Nicaragua. Financial… Read More
Cathay Capital Private Equity and Fortune Venture Capital Lead a Series D Round for Aihuishou (Asia)
Cross-border private equity firm Cathay Capital Private Equity and China-focused venture capital firm Fortune Venture Capital have led a CNY400 million (approximately US$58 million) Series D round for China-based smartphone and consumer electronics recycling company Aihuishou. Early-stage venture capital firm Morningside Ventures and other existing investors also participated in the round. Aihuishou plans to use the new capital to expand… Read More
Value4Capital Exits MedLife for US$43 Million via IPO on Bucharest Stock Exchange (CEE and CIS)
Central Europe-focused private equity firm Value4Capital (V4C) has exited its entire 36 percent stake in Romania-based private health care services company MedLife for RON189 million (approximately US$43 million) via an initial public offering on the Bucharest Stock Exchange. V4C, which originally invested in MedLife in 2009, reportedly generated a 2x gross return multiple on its investment. Read More
Brookfield to Acquire Reliance Communications’ Tower Assets for US$1.6 Billion (Asia)
Brookfield Asset Management has agreed to acquire a 100 percent interest in the tower assets of India-based telecommunications provider Reliance Communications for INR110 billion (approximately US$1.6 billion). Brookfield will invest through NYSE- and TSX-listed Brookfield Infrastructure Partners. The transaction is subject to regulatory and shareholder approval. Read More
Tridevi Capital Partners to Invest US$20 Million in Prabha Energy (Asia)
Private equity investment advisory firm Tridevi Capital has agreed to invest US$20 million in Prabha Energy (PEPL), a subsidiary of Bombay Stock Exchange- and National Stock Exchange-listed oil and gas exploration company Deep Industries. Tridevi made the investment through a subscription of compulsorily convertible debentures, which will represent a 40 percent equity stake in PEPL upon conversion. PEPL will use… Read More
EuroMena Completes Final Close for Third Fund with US$150 Million in Commitments (MENA)
Middle East and North Africa-focused private equity fund manager EuroMena has reached a final close for EuroMena III with US$150 million in capital commitments. Investors include development finance institutions European Investment Bank, CDC, DEG, Proparco and International Finance Corporation. CDC committed US$20 million. The fund will extend EuroMena's geographic focus to Sub-Saharan Africa, while continuing the firm's existing investment strategy… Read More
Kedaara Capital to Invest US$63 Million in Vijaya Diagnostic Centre (Asia)
India-focused private equity firm Kedaara Capital has agreed to invest INR4.3 billion (approximately US$63 million) for a minority stake in India-based medical diagnostic chain Vijaya Diagnostic Centre. Vijaya provides diagnostic services spanning radiology, imaging, nuclear medicine, conventional and specialty laboratory services and diagnostic cardiology. The company operates 30 locations in Hyderabad, as well as centers in Kolkata, Bangalore, Gurgaon, Visakhapatnam,… Read More