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.
CITIC Capital Partners and Hillhouse Capital Participate in a US$75 Million Financing Round for BeiGene (Asia)
China-based oncology company BeiGene has raised a financing round of more than RMB450 million (approximately US$75 million) from a group of investors including CITIC Capital Partners, the private equity arm of CITIC Capital Holdings, and Asia-focused investment firm Hillhouse Capital. The round also included existing angel and strategic investors. BeiGene intends to use proceeds from the financing round for clinical… Read More
Enterprise Investors Partially Exits Skarbiec (CEE and CIS)
Enterprise Investors, a Central and Eastern Europe-focused private equity firm, has partially exited Poland-based asset management business Skarbiec through an IPO on the Warsaw Stock Exchange. The transaction generated proceeds of EUR10.2 million (approximately US$12.7 million), with Enterprise Investors listing a 20 percent stake of the company and retaining a 75 percent holding. Enterprise Investors originally invested EUR40 million (approximately… Read More
Middle East Venture Partners Agrees to Sell Its Stake in Shahiya.com to Cookpad (MENA)
Tokyo-listed online recipe portal Cookpad has reached a definitive agreement to acquire Netsila, the Lebanon-based company behind Arabic language recipe website Shahiya.com, for US$13.5 million. Cookpad’s acquisition will facilitate an exit for MENA-focused venture capital firm Middle East Venture Partners (MEVP). MEVP originally invested in the company in 2012. Subject to customary closing conditions, the acquisition is expected to close… Read More
KKR Provides Long-term Financing to Amtek Auto, Agrees to Jointly Invest in United Envirotech with CITIC (Asia)
Global investment firm KKR has agreed to provide Singapore-based Amtek Global Technologies (AGT), a subsidiary of India-listed automotive component manufacturer Amtek Auto, with EUR235 million (approximately US$293 million) in long-term financing, intended to replace its existing bridge loan and consolidate the company’s existing debt. This facility will also act as a catalyst to help integrate Amtek Auto's existing international operations… Read More
TVM Capital Healthcare Partners Launches Offer to Buy a Majority Stake in Ameco Medical Industries (MENA)
Private equity and growth capital firm TVM Capital Healthcare Partners has launched a mandatory tender offer to buy a majority stake in Egypt-listed Ameco Medical Industries, a company that designs and manufactures catheters. The move is part of a deal with commercial bank National Bank of Egypt and mutual fund manager Al Ahly Funds and Portfolio Management to purchase 100… Read More
Advent International’s LAPEF VI Reaches a US$2.1 Billion Final Close (Latin America)
Global private equity investor Advent International has closed Advent Latin American Private Equity Fund VI (LAPEF VI) with US$2.1 billion in capital commitments, reaching the fund’s hard cap. More than 60 institutional investors participated in LAPEF VI, including public and corporate pension funds, endowments and foundations, funds of funds, sovereign wealth funds, family offices and other financial institutions. LAPEF VI… Read More
The Abraaj Group Acquires a Majority Stake in Wine Connection Group (Asia)
Global growth markets investor The Abraaj Group has acquired a majority stake in Southeast Asia-based food and beverage chain Wine Connection Group. The company, which has more than 55 outlets in Singapore and Thailand, intends to expand its footprint in existing markets and replicate its business model in new territories, both regionally in Southeast Asia and beyond. Financial details of… Read More
Cable & Wireless Communications Agrees to Acquire Portland Private Equity-backed Columbus International for US$1.85 Billion (Latin America)
Cable & Wireless Communications, a London-listed communications provider operating throughout the Caribbean and Latin America, has agreed to acquire private equity-backed Columbus International, a Barbados-based diversified telecommunications company, for US$1.85 billion. The acquisition will facilitate an exit for Portland Private Equity, a Caribbean-focused private equity firm that originally invested US$65.5 million in Columbus International in December 2006 through its AIC… Read More
Actis Commits US$65 Million to Tekkie Town (Sub-Saharan Africa)
Pan-emerging markets private equity firm Actis has acquired a minority stake in South Africa-based sports and lifestyle shoe retailer Tekkie Town for US$65 million. The company currently operates more than 260 stores across South Africa that sell a wide range of global sportswear brands. Read More
Actis Commits US$100 Million to Create Brazil-based Insurance Brokerage Platform IT’sSEG (Latin America)
Pan-emerging markets private equity firm Actis has committed US$100 million to create IT’sSEG, a buy and build insurance brokerage platform in Brazil. Actis is partnering with Thomaz Menezes, former CEO of Marsh Latin America, who will be a shareholder and act as CEO of the platform. IT’sSEG has already acquired three existing companies: Torres Benefícios, a corporate benefits broker; Barela,… Read More
Vantage Capital Commits US$30 Million in Financing to Surfline Communications (Sub-Saharan Africa)
Africa-focused mezzanine investor Vantage Capital has concluded a transaction with Ghana-based wireless broadband company Surfline Communications to provide US$30 million worth of expansion capital to Surfline together with a co-investor. The transaction was structured through Vantage Mezzanine Fund II. The capital will be used for the ongoing expansion of Surfline’s 4G LTE network in Ghana, as well as to grow… Read More
Lombard Investments Backs Shrimp Producer Viet Uc Seafood (Asia)
Private equity investment manager Lombard Investments has invested in Vietnam-based shrimp seed producer Viet Uc Seafood. The transaction was structured through Lombard Asia IV. The company specializes in hatchery and nurturing shrimp through several larval stages before sale. Financial details of the transaction were not disclosed. Read More