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Impact Oil & Gas Secures US$50 Million from Helios Investment Partners and Hoskins Consolidated Investments (Sub-Saharan Africa)
Africa-focused oil and gas exploration company Impact Oil & Gas has raised a total of US$55 million through a private placement of new shares to both new and existing investors. The bulk of the placement, a total of US$50 million, was raised from two new investors: private equity firm Helios Investment Partners and a Johannesburg-listed subsidiary of Hoskins Consolidated Investments,… Read More
Exfinity Technology Fund Raises INR1.25 Billion (Asia)
Early stage venture capital firm Reservoir Investment Managers has reached a second and final close on its maiden fund, Exfinity Technology Fund – Series I, with INR1.25 billion (approximately US$20 million) in capital commitments. Investors in the India-focused fund included institutional investors, family offices and technology executives. Exfinity intends to invest in software start-ups and is in advanced stages of… Read More
Mobile Commerce Platform Movile Raises US$35 Million from Innova Capital and Naspers (Latin America)
Brazil-based mobile commerce platform Movile has raised a US$35 million Series D financing round from venture capital firm Innova Capital and global internet services company Naspers. Movile has also secured US$20 million in long-term financing through FINEP, a Brazilian government organization that funds science and technology projects. The company recently expanded into online-to-offline commerce, and this new funding will support… Read More
EQT Greater China II Sells Gala TV Corporation (Asia)
Private equity group EQT has sold Taiwan-based cable TV channel operator Gala TV Corporation to Yung-Tsai Investment, an investment vehicle jointly owned by businessmen Wang Yung-Tsai, Wang Weng-Tsao and Wong Wen-Yuan. The transaction was structured through EQT Greater China II. EQT originally acquired Gala TV, which operates four cable TV channels, in 2011. Financial details of the transaction were not… Read More
CVC Capital Partners Partially Exits Matahari, Agrees to Sell Kimchi Fridge Maker WiniaMando (Asia)
Private equity and investment advisory firm CVC Capital Partners has sold an 11.5 percent stake in Indonesia-based retailer Matahari Department Store for a reported IDR4.69 trillion (approximately US$397 million). The transaction entailed CVC-owned Asia Color Company selling 335 million shares in Matahari through a private placement to investors in Asia, the United States and Europe. In March 2014, CVC raised… Read More
Armstrong Commits US$29 Million to Construct Solar Power Projects in the Philippines (Asia)
Southeast Asia-focused clean energy investor Armstrong Asset Management has committed to provide US$29 million to fund a pipeline of bilateral solar power projects in the Philippines being developed by Singapore-based solar power plant developer nv vogt Singapore. The first project, a 6.25 MW solar power plant in the southern region of Mindanao, is scheduled to begin construction in August 2014… Read More
Baring Private Equity Asia and Altas Partners Invest US$750 Million in St. George’s University (Latin America)
Private equity firms Baring Private Equity Asia and Altas Partners have invested in Grenada-based medical school St. George’s University in partnership with St. George’s management team. The investment amount was reported to be around US$750 million. The school intends to use the investment to expand student resources, support research and undergraduate programs, add international capabilities and enhance relationships with hospital… Read More
KKR Agrees to Sell Ferry Operator U.N. Ro-Ro to Esas Holding and Actera Group for EUR700 Million (CEE and CIS)
Global investment firm Kohlberg Kravis Roberts & Co. (KKR) has agreed to sell its stake in Turkey-based ferry operator U.N. Ro-Ro Isletmeleri to private equity firms Esas Holding and Actera Group. The transaction amount is reported to be around EUR700 million (approximately US$936 million). KKR originally acquired a 97.6 percent stake in the company for EUR910 million (approximately US$1.2 billion)… Read More
WH Group Raises US$2.1 Billion in Hong Kong IPO (Asia)
China-based pork producer WH Group has raised US$2.1 billion in an initial public offering on the Hong Kong Stock Exchange. Backed by China-focused private equity firm CDH Investments, Singaporean sovereign wealth fund Temasek Holdings and global banking, securities and investment management group Goldman Sachs, WH Group offered 2.57 billion shares at a price of HKD6.20 (approximately US$0.80) per share. The… Read More
ACON Investments Reaches a US$515 Million Final Close for Its Latest Latin America Fund (Latin America)
ACON Investments, a private equity investment firm focused on the middle market in the United States and Latin America, has reached a final close on its most recent Latin America-focused middle market fund, ACON Latin America Opportunities Fund IV (ALAOF IV), with US$515 million in capital commitments. ALAOF IV, which was oversubscribed, is a pan-regional fund with a mandate to… Read More
IDFC Alternatives Exiting Maharashtra Natural Gas (Asia)
IDFC Alternatives, the alternative asset management vertical at infrastructure financing company IDFC, is exiting its five-year old investment in India-based natural gas distributor Maharashtra Natural Gas (MNGL) to India-based compressed natural gas supplier Indraprastha Gas (IGL). IGL will acquire up to a 50 percent stake in MNGL for INR1.9 billion (approximately US$31 million). Existing investor private equity firm IL&FS Investment… Read More
IDG Leads US$100 Million Series B Round for China Online Grocer (Asia)
China-focused venture capital firm IDG Capital Partners has led a US$100 million Series B financing round for China-based online grocer Womai.com, with participation from an existing backer, Asia-focused private equity firm SAIF Partners. With operations in Beijing and Shanghai, Womai specializes in selling imported products directly to Chinese consumers concerned about food safety and quality. The company will use the… Read More