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Avallon MBO Fund II Buys MPS International (CEE and CIS)
Private equity fund manager Avallon has signed an agreement to acquire 100 percent of Poland-based cosmetics manufacturer MPS International, together with the company’s management, from Sweden-based holding company MPS Holding. The transaction was structured through Avallon MBO Fund II. MPS International will continue to focus on manufacturing cosmetics and household cleaning products under private labels and on the production of… Read More
Intel Capital, EBRD, Flint Capital and VTB Capital Invest US$7.3 Million in Webinar.ru (CEE and CIS)
Russia-based web and video conferencing software company Webinar.ru has raised US$7.3 million in a Series A financing round led by Intel Corporation’s venture capital arm Intel Capital and development finance institution European Bank for Reconstruction and Development (EBRD). Private equity firm Flint Capital and asset manager VTB Capital, the investment arm of Russia-based VTB Group, also participated. VTB Capital originally… Read More
Navis Capital Partners Acquires Cladtek Holdings (Asia)
Southeast Asia-focused private equity firm Navis Capital Partners has acquired an equity stake in Singapore-based manufacturer of corrosion-resistant clad pipes Cladtek Holdings. The company, which provides anti-corrosion technology used in oil and gas pipelines, intends to expand into both new and existing markets. Financial details of the transaction were not disclosed. Read More
8 Miles Invests in Eagle Chemicals Group (MENA)
Pan-African private equity firm 8 Miles has acquired a 25.1 percent stake in Egypt-based Eagle Chemicals Group, a producer of resin and polymer products. The company, which has three factories and two tank farms located in Egypt, intends to expand its capacity, optimize and grow its product mix and increase sales in existing markets. Financial details of the transaction were not… Read More
KKR Completes Exit from China Modern Dairy (Asia)
Global investment firm KKR has sold its remaining stake in China-based milk producer China Modern Dairy Holdings for approximately US$80 million. KKR and private equity firm CDH Investments previously made partial exits when Modern Dairy went public in Hong Kong in 2010, raising HKD3.5 billion (approximately US$451 million). In 2013, China-based dairy product manufacturer China Mengniu International acquired 26.9 percent… Read More
Temasek Buys a Ten Percent Stake in Intas Pharmaceuticals from ChrysCapital (Asia)
Singaporean sovereign wealth fund Temasek has received regulatory approval from the Competition Commission of India to acquire a ten percent stake in India-based pharmaceutical formulation development company Intas Pharmaceuticals from India-focused investment firm ChrysCapital. ChrysCapital, which holds a 16.8 percent stake in the company, had previously invested INR3.53 billion (approximately US$58 million) through two funds, ChrysCapital III and ChrysCapital V,… Read More
Alta Ventures Mexico and Capital Emprendedor Invest US$1.7 Million in kubo.financiero (Latin America)
Early stage venture capital firm Alta Ventures Mexico and Capital Emprendedor, a community that supports entrepreneurs, have invested US$1.7 million in Mexico-based peer-to-peer lending platform kubo.financiero. Founded in 2012, kubo.financiero links potential borrowers with investors through an online platf Read More
Injaro Investments Closes Injaro Agricultural Capital Holdings with US$49 Million in Commitments (Sub-Saharan Africa)
Agriculture-focused private equity firm Injaro Investments has reached a final close on Injaro Agricultural Capital Holdings, its West Africa-focused impact-oriented fund, with total capital commitments of US$49 million. Final closing commitments of US$15 million, US$10 million and US$7 million were received from development finance institutions CDC, via its DFID Impact fund; FMO, via its MASSIF Fund; and PROPARCO, via its… Read More
Nexxus Capital Invests in Three Mexico-based Restaurants: El Farolito, Taco Inn and Nuny’s Yogurt (Latin America)
Mexico-based private equity firm Nexxus Capital, along with a group of co-investors, has invested in three local restaurant chains: Mexican food chain El Farolito, taco chain Taco Inn, and yogurt ice cream chain Nuny’s Yogurt. The transactions were structured through Taco Holding, a portfolio company of Nexxus Capital IV Trust and Nexxus Capital Private Equity Fund V. Taco Holding has… Read More
Hony Capital to Invest RMB15 Billion in Shanghai Jin Jiang International Hotels Development (Asia)
China-focused private equity firm Hony Capital has agreed to acquire a 12.4 percent stake in Hong Kong-listed hotel company Shanghai Jin Jiang International Hotels Development for RMB15 billion (approximately US$243 million). Hony will buy 100 million shares in Shanghai Jin Jiang at RMB15 (approximately US$2.43) apiece. The price represents a 23 percent discount to the company's 28 August closing price… Read More
Warburg Pincus Participates in RMB14.5 Billion Investment in China Huarong Asset Management (Asia)
China-based financial asset manager China Huarong Asset Management has signed an agreement with a consortium of investors, including private equity firm Warburg Pincus, to issue new shares amounting to a total of RMB14.5 billion (approximately US$2.4 billion), representing a 21 percent stake. China Huarong intends to make a public offering of its shares. In addition to Warburg Pincus, the consortium… Read More
ACO Investment Group to Develop 300MW of Solar Power in Myanmar (Asia)
ACO Investment Group, an infrastructure-focused alternative investment manager, has signed an agreement with the Burma Ministry for Electric Power to develop two 150MW solar energy plants in Myanmar. The project is valued at US$480 million. The plants are expected to account for ten percent to 12 percent of Myanmar’s power generation when completed in 2016. Read More