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Mid Europa Partners Agrees to Acquire a Controlling Stake in Danube Foods Group (CEE and CIS)
Central Europe and Turkey-focused private equity firm Mid Europa Partners has signed a binding agreement to acquire a controlling interest in Danube Foods Group and Clates Holding (together Danube Foods Group). Danube Foods Group is a branded fast-moving consumer goods platform operating in the former Yugoslavia. It includes an independent dairy business, a confectionery producer and a producer of mineral… Read More
IL&FS Investment Managers Reaches a US$40 Million First Close on Tara India Fund IV (Asia)
India-focused private equity fund manager IL&FS Investment Managers (IIML) has reached a first close on Tara India Fund IV with US$40 million in capital commitments. IIML is reportedly targeting US$75 million for the sector-agnostic fund. Read More
Cordiant Capital and IFC Provide Financing Package to Off Grid Electric (Sub-Saharan Africa)
Cordiant Capital, a fund manager specializing in emerging markets investments, and development finance institution International Finance Corporation (IFC) have provided a financing facility to Tanzania-based solar leasing company Off Grid Electric. The new facility consists of a US$4.5 million loan provided through the IFC Cleantech Innovation Facility and an additional US$2.5 million loan from Cordiant Capital. Off Grid Electric provides… Read More
Navis Capital Partners Raises US$1.5 Billion for Its Seventh Fund (Asia)
Southeast Asia-focused private equity firm Navis Capital Partners has closed its seventh private equity vehicle with US$1.5 billion in capital commitments. The fund, which had originally targeted US$1.25 billion, reached a US$860 million first close in December 2013. The final close included the addition of a shariah-compliant parallel vehicle. The fund will focus on mid-market buyouts predominantly in Southeast Asia. Read More
P2 Brasil Sells NovaAgri to Toyata Tsusho (Latin America)
P2 Brasil, a private infrastructure investment partnership between Pátria Investimentos and Promon, has agreed to sell NovaAgri, a logistics services provider, to Toyota Tsusho Corporation, a subsidiary of Toyota Group. NovaAgri operates grain warehouses, railway shipment facilities and export terminals in central and northeastern Brazil. P2 Brasil originally acquired the company in April 2010. Financial details of the transaction, which… Read More
Clearwater Partially Exits Oricon Enterprises (Asia)
Clearwater Capital, an investment firm focused on credit and special situations in Asia, has partially exited India-based Oricon Enterprises by selling 850,000 shares on 14 January and 4.5 million shares on 29 January through open market transactions on the Bombay Stock Exchange. Clearwater returned INR40.4 million (approximately US$650,000) and INR223 million (approximately US$3.6 million), respectively, in the two transactions. Oricon's… Read More
Mekong Capital Sells 2.24 Million Shares of Mobile Word (Asia)
Vietnam-focused private equity firm Mekong Capital has partially exited Vietnam-listed mobile phone retailer Mobile World, selling 2.24 million shares, or a two percent stake, between 14 January and 26 January. Mekong originally invested in the company in May 2007 through Mekong Enterprise Fund II. Financial details of the transaction were not disclosed. Read More
L Capital Asia Invests in Saudi Arabia-based Bateel (MENA)
L Capital Asia, an Asia-focused private equity fund manager backed by global luxury goods distributor LVMH Group, has purchased a minority stake in Saudi Arabia-based gourmet confectionery producer and restaurant chain Bateel. The company intends to expand to the rest of the Middle East, as well as to European markets and the Far East. Financial details of the transaction were… Read More
Phatisa Invests in General Plastics (Sub-Saharan Africa)
Private equity fund manager Phatisa has invested in Kenya-based General Plastics, a manufacturer of packaging products for the food, beverage and agro-chemical sectors. The company intends to use the capital injection to expand its operations across East Africa. Financial details of the transaction were not disclosed. Read More
IDG Ventures India Backs BrainBees Solutions and Aasaanjobs (Asia)
Hedge fund Valiant Capital Partners has led a US$26 million Series D financing round for India-based BrainBees Solutions, owner of baby-focused e-commerce site FirstCry.com. Venture capital fund managers IDG Ventures India and SAIF Partners and Vertex Venture Holdings, the early-stage investment arm of Temasek Holdings, also participated in the round. BrainBees Solutions intends to use the financing to scale and… Read More
AfricInvest, The Abraaj Group and Swedfund Agree to Exit UAP Holdings (Sub-Saharan Africa)
Pan-African private equity firm AfricInvest, global growth markets investor The Abraaj Group and development finance institution Swedfund have entered into an agreement to sell their collective 37.3 percent stake in Kenya-based insurance provider UAP Holdings to Old Mutual Holdings, a wholly-owned subsidiary of insurance and banking group Old Mutual, for KES14.2 billion (approximately US$155.5 million). Old Mutual has also agreed… Read More
Quadria Capital Acquires a Minority Stake in Pharmaceutical Manufacturer Soho Global Health (Asia)
Healthcare-focused private equity fund manager Quadria Capital has agreed to invest in Indonesia-based SOHO Global Health, a developer and manufacturer of natural medicine and over-the-counter products. Financial details of the transaction, which was structured through Quadria Capital Fund and is subject to corporate approvals and other customary closing conditions, were not disclosed. Read More