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New Release! Private Equity Investing in Emerging Markets
In Private Equity Investing in Emerging Markets: Opportunities for Value Creation, Roger Leeds, Professor at the School of Advanced International Studies (SAIS) of the Johns Hopkins University and Founding Chairman of EMPEA, illustrates how private equity is a tool uniquely suited to strengthening the value and performance of businesses in emerging market countries. The book outlines how private equity can… Read More
BaltCap Acquires a 25 Percent Stake in Ecoservice for EUR3.5 Million (CEE and CIS)
BaltCap, a private equity and venture capital firm focused on the Baltic countries, has acquired a 25 percent stake in Lithuania-based waste management company Ecoservice for EUR3.5 million (approximately US$4 million). The transaction was structured through BaltCap Private Equity Fund II. BaltCap, which now controls 100 percent of Ecoservice, intends to speed up implementation of Ecoservice’s expansion strategy in the… Read More
ARM-Harith Infrastructure Investment Fund Reaches a US$91 Million First Close (Sub-Saharan Africa)
ARM-Harith Infrastructure Investment Fund, a joint venture between Nigeria-based asset manager Asset & Resource Management Company (ARM) and pan-African infrastructure fund manager Harith General Partners, has held a first close with US$91 million in capital commitments. The fund, which will focus on the transportation, energy and utilities sectors in West Africa, has a target of US$250 million. Investors in the… Read More
CapMan Backs Test Preparation Services Provider Maximum Education (CEE and CIS)
Russia-focused private equity firm CapMan Russia, a subsidiary of Finland-based fund manager CapMan, has acquired a stake in Russia-based Maximum Education, a provider of test preparation services. The transaction was structured through CapMan Russia II. The company provides online and offline test preparation services and operates two learning centers in Moscow and St. Petersburg. The aim of the transaction is… Read More
Arlon Group Invests in Grano Alimentos (Latin America)
Americas-focused food and agriculture investment firm Arlon Group has acquired a stake in Brazil-based Grano Alimentos. Grano is a manufacturer of packaged frozen vegetable products, selling to food service, retail, private label and industrial clients throughout Brazil. Financial details of the transaction were not disclosed. Read More
Investcorp Acquires a Majority Stake in Arvento Mobile Systems (CEE and CIS)
Investcorp, a provider and manager of alternative investment products, has agreed to acquire a majority stake in Turkey-based telematics company Arvento Mobile Systems. The company designs, develops and sells its own range of hardware products and software applications. Investcorp intends to diversify the company’s offerings and support its expansion into new markets. Financial details of the transaction, which is subject… Read More
SAIF Partners, Sequoia Capital and Aspada Investment Advisors Invest in Capital Float (Asia)
India-based online lending platform Capital Float has raised US$13 million in Series A financing co-led by venture capital firms SAIF Partners and Sequoia Capital. Existing investor Aspada Investment Advisors, an investment firm focused on Indian small- and medium-sized enterprises, also participated in this round. The company intends to use the capital to launch new products, hire 30 to 50 additional… Read More
Warburg Pincus Fully Exits Tulip Media via Strategic Sale to Shanghai New Culture Media Group (Asia)
Global private equity firm Warburg Pincus has sold its 19 percent stake in China-based outdoor advertising firm Tulip Media to Shenzhen-listed Shanghai New Culture Media Group for RMB230 million (approximately US$37 million) in cash. This was part of a larger transaction in which New Culture Media Group acquired 100 percent of Tulip for an aggregate value of RMB1.2 billion (approximately… Read More
ChrysCapital Acquires an Additional Stake in Ipca Laboratories for Around US$20 Million (Asia)
ChrysCapital, an investment firm that focuses on growth sectors in India, has raised its stake in India-listed pharmaceutical manufacturer Ipca Laboratories by buying an additional 1.3 percent stake for around US$20 million. The purchase took place through open market transactions over the last few months. ChrysCapital had previously acquired a 2.6 percent stake in Ipca Laboratories for approximately US$29 million… Read More
QIC Holds a US$528 Million First Close on QIC Global Infrastructure Fund (Global)
QIC, a global diversified alternative investment firm, has announced that its QIC Global Infrastructure Fund has secured initial capital commitments totaling US$528 million from four institutional investors. The investors included an Asian sovereign wealth fund and an Australian pension scheme. The fund will seek infrastructure investment opportunities in markets around the world. Read More
IDFC Alternatives to Partially Exit Green Infra for INR10.6 Billion (Asia)
Singapore-based energy, water and marine group Sembcorp Industries has signed agreements to acquire a 60 percent stake in India-based renewable energy company Green Infra from India-focused private equity firm IDFC Alternatives for INR10.6 billion (approximately US$170 million). The transaction will be structured through IDFC Private Equity Fund II and IDFC Private Equity Fund III. Post-transaction, IDFC Private Equity Fund III… Read More
Actis Launches Renewable Energy Platforms for India and Africa (Asia, Sub-Saharan Africa)
Pan-emerging markets private equity firm Actis has committed US$230 million to create Ostro Energy, a renewable energy platform focused on India. Ostro Energy’s first project is Tejuva, a 50MW wind project already under construction in Rajasthan. Separately, Actis has launched Lekela Power, a US$1.9 billion pan-African renewable energy platform. Actis is investing through Actis Fund 3 alongside global wind and… Read More