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The Carlyle Group to Invest BRL1.75 Billion in Hospital Operator Rede D’Or São Luiz (Latin America)
Global alternative asset manager The Carlyle Group has agreed to invest a reported BRL1.75 billion (approximately US$592 million) for an 8.3 percent stake in Brazil-based hospital operator Rede D’Or São Luiz. The investment will be structured through Carlyle Partners VI and Carlyle’s South American buyout funds, including Fundo Brasil de Internacionalizacão de Empresas FIP II, a local fund advised by… Read More
Investec Bank Leads an US$84 Million Round for Lending Platform Jimubox (Asia)
Specialist bank and asset manager Investec Bank has led an US$84 million Series C funding round for China-based peer-to-peer online lending platform Jimubox, with participation from Haitong Kaiyuan, the private equity arm of Haitong Securities. Mandra Capital and Zhong Capital Fund, along with existing investors Matrix China Partners, Xiaomi, Shunwei Capital Partners, Ventech China and Magic Stone Alternative, also took… Read More
Advent International to Lead the Acquisition of a 34 Percent Stake (Asia)
Global private equity firm Advent International, in partnership with Singaporean sovereign wealth fund Temasek Holdings, has agreed to acquire a 34 percent stake in the consumer products business of India-based conglomerate Crompton Greaves for a reported INR20 billion (approximately US$316 million). Crompton Greaves Consumer Electricals (CGCEL) manufactures and markets fans, light fixtures, residential water pumps and other household appliances. The… Read More
Aqua Capital to Acquire Fertilizer Producer Dimicron (Latin America)
Aqua Capital, a South America-focused private equity fund manager specializing in agribusiness, has agreed to acquire a controlling interest in Brazil-based fertilizer producer Dimicron. The company will be merged with Aqua Capital’s existing portfolio company Aminoagro, a micronutrient fertilizer manufacturer which it acquired in 2013, and both the Aminoagro and Dimicron brands will be maintained. Financial details of the transaction… Read More
Hony Capital Fully Exits Chinasoft International in an US$170 Million Share Sale (Asia)
China-focused private equity fund manager Hony Capital has fully exited its investment in Chinasoft International, a China-based software and information services provider listed on the main board of the Hong Kong Stock Exchange. Hony sold 335 million shares at HKD3.93 (approximately US$0.51) apiece to a group of buyers including insurance funds, mutual funds and global asset management groups, for total… Read More
AFIG Funds’ Atlantic Coast Regional Fund Invests in Primrose Properties Ghana (Sub-Saharan Africa)
Advanced Finance & Investment Group (AFIG Funds), a Sub-Saharan Africa-focused investment fund management company, has completed an investment in real estate development company Primrose Properties Ghana. Primrose will use the investment to fund a pipeline of commercial, residential and mixed-use property development projects. Financial details of the transaction, which was structured through AFIG Funds’ Atlantic Coast Regional Fund, were not… Read More
PAG to Acquire Toy Robot Maker Young Toys from Headland Capital Partners (Asia)
PAG Asia Capital, the private equity arm of Asia-focused alternative investment management firm PAG, has agreed to wholly acquire South Korea-based toy robot manufacturer Young Toys for KRW220 billion (approximately US$203 million). PAG will acquire a 96.5 percent stake held by Asia-focused private equity fund manager Headland Capital Partners, which first invested in Young Toys in 2012, and a 3.5… Read More
Verod Capital Acquires Union Trustees via Management Buyout (Sub-Saharan Africa)
Nigeria-focused private equity firm Verod Capital has acquired trust and asset management services company Union Trustees, a fully-owned subsidiary of Union Bank of Nigeria, in partnership with company management. Financial details of the transaction, which was structured through Verod Capital’s Fund II, were not disclosed. Read More
The Carlyle Group Exits Claris Lifesciences (Asia)
Global alternative asset management firm The Carlyle Group has exited its investment in India-based pharmaceuticals company Claris Lifesciences via an open market sale on the Bombay Stock Exchange. Carlyle sold approximately 6.2 million shares, representing an 11.3 percent stake in Claris, for INR1.7 billion (approximately US$27 million). Carlyle invested US$20 million in Claris in 2006 through Carlyle Asia Growth Partners III. Read More
KKR and Anchor Equity Partners to Acquire a Controlling Stake in Ticket Monster (Asia)
Global investment firm KKR and South Korea-focused private equity fund manager Anchor Equity Partners have agreed to acquire a 46 percent stake in South Korea-based mobile e-commerce company Ticket Monster from United States-based deal marketplace company Groupon for approximately US$360 million. Canada Pension Plan Investment Board, Pavilion Capital, a subsidiary of Singaporean sovereign wealth fund Temasek Holdings, and other institutional… Read More
Vital Capital Invests in Renewable Energy Company Focal Energy Holdings (Asia)
Impact investing private equity firm Vital Capital has completed a follow-on investment in Focal Energy Holdings, a renewable energy platform operating in India. The new investment, which will be made via a convertible bond issued by Focal, brings Vital Capital’s total commitment to the company to US$16 million. Focal builds, owns and operates renewable energy generation assets that utilize biomass,… Read More
MEVP Reaches a First Close for Middle East Venture Fund II and Approves Four Investments (MENA)
Middle East-focused venture capital firm Middle East Venture Partners (MEVP) has held a first close for Middle East Venture Fund II (MEVF II) with US$15 million in capital commitments. MEVF II, which has a target of US$30 million and aims to close in the second quarter of 2015, will make Series A investments of US$500,000 to US$3 million in early… Read More