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Adenia Partners Acquires Mauvilac (Sub-Saharan Africa)
Adenia Partners, a private equity fund manager focused on West Africa and the Indian Ocean region, has acquired Mauritius-based Mauvilac, a paint, coatings and chemical products manufacturer and marketer, from the company’s founders and other Mauritian shareholders. The transaction was structured through Adenia Capital (III), a US$125 million fund that closed in February 2012. Mauvilac intends to pursue growth opportunities… Read More
AIF Capital and New Asia Partners Lead a US$15 Million Series B Financing Round for Huy Vietnam Group (Asia)
Private equity firms AIF Capital and New Asia Partners have led a US$15 million Series B financing round for Vietnam-based restaurant operator Huy Vietnam Group. AIF Capital’s investment was structured through AIF Capital Asia IV. Investment management firm Fortress Capital Asset Management also participated in the round. Huy Vietnam intends to use the capital to continue growing the brand presence… Read More
XSML Backs Manoah Investments (Sub-Saharan Africa)
Frontier markets-focused private equity fund manager XSML has invested in Democratic Republic of the Congo-based meat processing company Manoah Investments. The transaction was structured through XSML’s Central Africa SME Fund. The capital will be used to develop plots of land for residential use in Lubumbashi. Financial details of the transaction were not disclosed. Read More
Tiantu Capital Holds a US$63 Million First Close on Tiantu China Consumer Fund I; Invests in Restaurant Chain Muwu (Asia)
China-focused private equity and venture capital firm Tiantu Capital has reached a first close on its debut USD-denominated fund, Tiantu China Consumer Fund I, with US$63 million in capital commitments. The vehicle received US$38 million in commitments from family offices and funds of funds in Asia and the United States, with an additional US$25 million contributed by Tiantu Capital. Separately,… Read More
Vital Capital and OPIC Provide Financing to Luanda Medical Center (Sub-Saharan Africa)
Vital Capital Fund, an impact investing fund primarily focused on Sub-Saharan Africa, has closed a US$16.6 million equity investment in Angola-based medical clinic Luanda Medical Center (LMC). Vital Capital’s investment was made in conjunction with a US$9.8 million loan from the Overseas Private Investment Corporation (OPIC). LMC, which will begin serving patients in the fourth quarter of 2014, intends to… Read More
Bozano Investimentos Exits a Six Percent Stake in Brazil-based Anima Educação (Latin America)
Family office fund manager Península has acquired a six percent stake in Brazil-based higher education company Anima Educação from BR Educacional, a fund managed by alternative asset management firm Bozano Investimentos, for BRL144 million (approximately US$60 million). BR Educacional continues to hold a four percent stake in the company. Read More
Gulf Capital Acquires a Minority Stake in Middle East Glass Manufacturing (MENA)
Middle East-focused alternative investment firm Gulf Capital has completed the acquisition of a minority stake in Egypt-listed glass bottle supplier Middle East Glass Manufacturing (MEG). MEG is a glass container manufacturer and producer of bottles for the carbonated soft drink sector. Financial details of the transaction were not disclosed. Read More
Blackstone Invests in Xinrong Best Medical Instrument (Asia)
Global investment and advisory firm The Blackstone Group has invested in China-based Xinrong Best Medical Instrument, a manufacturer of orthopedic implants for trauma, spine and joint applications. The transaction was reported to be worth around US$100 million. The company intends to use the capital to upgrade Xinrong’s management and increase its market share. Financial details of the transaction were not… Read More
Dymon Asia Private Equity Invests SGD10 Million in Nurture Education Group (Asia)
Investment management company Dymon Asia Private Equity has invested SGD10 million (approximately US$7.9 million) in Singapore-based preschool operator Nurture Education Group. Nurture has been operating in Singapore for 15 years and has three chains of infant care, preschool and student care centers. Dymon previously invested SGD6 million (approximately US$4.7 million) in the company in 2013. Nurture intends to use the… Read More
Warburg Pincus-backed Car Rental Company CAR Lists on the Hong Kong Stock Exchange (Asia)
China-based car rental company CAR, which is backed by global private equity firm Warburg Pincus, listed on the Hong Kong Stock Exchange on 19 September. CAR, which raised US$468 million after pricing its IPO at the top end of its price range, increased the retail portion from ten percent to 50 percent of the offering after it was more than… Read More
Riverstone Holdings, EnCap Investments and Infraestructura Institucional Commit US$525 Million to Sierra Oil & Gas (Latin America)
Mexico-based exploration and production company Sierra Oil & Gas has received US$525 million in equity commitments from energy and power-focused private investment firm Riverstone Holdings, oil and gas private equity investor EnCap Investments and infrastructure-focused private equity firm Infraestructura Institucional. Riverstone and EnCap each committed US$225 million, while Infraestructura Institucional committed US$75 million. All three investors retain the option to double their… Read More
The Carlyle Group and Yunfeng Capital to Exit GDC Technology (Asia)
Global alternative asset manager The Carlyle Group and private equity firm Yunfeng Capital have agreed to exit China-based digital cinema equipment manufacturer GDC Technology as part of China-based movie studio Huayi Brothers Media’s acquisition of a controlling stake in the company. Huayi Brothers plans to increase its holdings to 79 percent through two stages of share purchases. First, Huayi Brothers… Read More