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CITIC Capital Partners Exits King Koil in Sale to Advent International (Asia)
CITIC Capital Partners, the China-focused private equity arm of CITIC Capital, has completed the sale of its controlling stake in China-based mattress manufacturer and retailer King Koil Shanghai Sleep System to global private equity firm Advent International. CITIC Capital Partners originally acquired the company in June 2014 through CITIC Capital China Partners II. Financial details of the transaction were not… Read More
KKR- and Baring Private Equity Asia-backed COFCO Meat Raises HKD1.95 Billion in IPO (Asia)
COFCO Meat, a subsidiary of China-based agricultural conglomerate COFCO Group backed by KKR and Baring Private Equity Asia, has raised HKD1.95 billion (approximately US$251 million) in its IPO on the Hong Kong Stock Exchange. The company sold 975.6 million shares for HKD2 (approximately US$0.26) a share. KKR and Baring Private Equity Asia did not dispose of any shares but had… Read More
Flint Atlantic Capital Partners & Polaris Partners Invest in Africa Healthcare (Sub-Saharan Africa)
Africa-focused health care impact investment firm Flint Atlantic Capital Partners and global health care venture capital firm Polaris Partners have invested in Rwanda-based dialysis and kidney care services provider Africa Healthcare Network. The company will use the funds for expansion in Rwanda and across the region. Financial details of the transaction were not disclosed. Read More
Warburg Pincus Invests US$75 Million in Rivigo, Announces Joint Venture with 21Vianet (Asia)
Global private equity firm Warburg Pincus has invested US$75 million for a minority stake in India-based transportation logistics company Rivigo. The company will use the funds to expand operations and improve technology. Separately, Warburg Pincus announced a joint venture with China-based internet data center services provider 21Vianet to acquire and develop data centers in China. The joint venture will initially… Read More
Private Equity-backed Alliar Raises BRL766 Million in IPO (Latin America)
Brazil-based medical diagnostic company Centro de Imagem Diagnosticos (Alliar) has raised a total of BRL766 million (approximately US$243 million) in its IPO on Novo Mercado, a segment of BM&F BOVESPA. Alliar is backed by Brazil-focused private equity firm Patria Investimentos and Kinea, the alternative asset management arm of Brazil-based bank Itau Unibanco. Kinea disposed of shares in the offering, while… Read More
PAG Asia Capital to Invest in Paradise Group Holdings (Asia)
PAG Asia Capital, the private equity arm of Asia-focused alternative investment management firm PAG, has agreed to invest in Singapore-based restaurant operator Paradise Group. Founded in 2008, Paradise Group runs more than 60 outlets in Southeast Asia, China, Hong Kong, Japan, Dubai and the United Kingdom. Financial details of the transaction were not disclosed. Read More
Cinven, Permira & Mid Europa Agree to Acquire Allegro from Naspers for US$3.25 Billion (CEE and CIS)
Private equity firms Cinven, Permira and Mid Europa Partners have agreed to acquire Poland-based online marketplace Allegro Group from Johannesburg-listed internet and entertainment group Naspers for US$3.25 billion. Allegro Group, which was established in 1999, has more than 20 million registered users and carries out 14 million transactions monthly. The acquisition is subject to customary regulatory and antitrust approvals. Read More
Jacob Ballas Invests in Adlabs Entertainment (Asia)
Private equity advisory firm Jacob Ballas Capital India has acquired a one percent stake in India-listed theme parks operator Adlabs Entertainment for an estimated INR70 million to INR80 million (approximately US$1 million to US$1.2 million). Jacob Ballas invested through NYLIM Jacob Ballas India Holdings IV. Adlabs Entertainment, which had previously received an investment from Jacob Ballas in 2014, runs theme,… Read More
The Abraaj Group Backs Nigeria-based Indorama Fertilizers (Sub-Saharan Africa)
Global growth markets investor The Abraaj Group has acquired a minority stake in Nigeria-based fertilizer manufacturer Indorama Fertilizers. With support from Abraaj, Indorama Fertilizers plans to develop its management team, build its network, expand capacity and diversify its product line. Financial details of the transaction were not disclosed. Read More
MSPEA Acquires 26 Percent Stake in DSG International Thailand for THB1.61 Billion (Asia)
Asia Pacific-focused private equity investor Morgan Stanley Private Equity Asia (MSPEA) has acquired a 26 percent stake in Thailand-based baby and adult diaper manufacturer DSG International Thailand for THB1.61 billion (approximately US$46 million). MSPEA, which invested through North Haven Private Equity Asia IV (formerly known as MSPEA IV), intends to delist DSG in the next 12 months. Read More
Accel Partners Participates in US$7 Million Series A Round for HolidayMe (MENA)
United Arab Emirates-based online travel agency HolidayMe has raised a US$7 million Series A Round from global venture capital firm Accel Partners and Saudi Arabia-based investors F&C Overseas Investment and Al Sanie Group. HolidayMe plans to use the new capital to further scale its technology, accelerate customer growth, make key strategic hires and expand regionally. Read More
Ofo Completes US$130m Series C Round from CITIC Private Equity and Others (Asia)
China-based online-to-offline bike sharing platform Ofo has completed a US$130 million Series C round across two tranches. China-based ride-hailing app operator Didi Chuxing led the initial tranche, while U.S.-based alternative investment fund manager Coatue Management, China-based smart phone maker Xiaomi, private equity firm CITIC Private Equity and venture capital firm Shunwei Capital Partners led the second tranche. Venture capital firms… Read More