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Navis Capital Partners Acquires a Majority Stake in Tri-Star Industries (Asia)
Asia-focused private equity firm Navis Capital Partners has acquired a majority stake in Singapore-based Tri-Star Industries, a component manufacturer for the oil and gas sector, for between US$50 million and US$100 million. Navis and company management intend to consolidate Tri-Star's position in its core segments. The company specializes in corrosion-resistant products. Read More
Linio Raises EUR58 Million from Northgate Capital and Access Industries (Latin America)
Linio, a Latin America-focused e-commerce company set up by venture capital firm Rocket Internet, has raised EUR58 million (approximately US$79 million) in new funding from United States-based alternative asset manager Northgate Capital and Access Industries, an industrial group founded by American industrialist Len Blavatnik. Linio sells products ranging from shoes to smartphones in Mexico, Colombia, Venezuela and Peru. The investment… Read More
The Rohatyn Group Exits Transportadora de Gas Internacional for US$880 Million (Latin America)
Emerging markets-focused investment firm The Rohatyn Group (TRG) has sold its minority stake in Colombia-based natural gas transportation company Transportadora de Gas Internacional (TGI) to majority shareholder Colombia-listed energy holding company Empresa de Energia de Bogota for US$880 million. The transaction was structured through TRG Growth Fund II. TRG Growth Fund II originally acquired a minority stake in March 2011… Read More
Gulf Capital Invests US$30 Million in Evolvence Knowledge Investments, Partially Exits Metito Holdings (MENA)
Middle East-focused alternative investment firm Gulf Capital has invested US$30 million in United Arab Emirates-based private school and nursery operator Evolvence Knowledge Investments (EKI). The transaction was structured through Gulf Credit Partners. EKI intends to use the investment to expand its education platform across the region. Separately, Gulf Capital has partially exited its investment in United Arab Emirates-based Metito Holdings,… Read More
Morgan Stanley Private Equity Asia Closes Fund IV with US$1.7 Billion in Commitments (Asia)
Asia-Pacific-focused private equity investor Morgan Stanley Private Equity Asia (MSPEA) has closed its fourth Asian fund with approximately US$1.7 billion in capital commitments, surpassing its initial target of US$1.5 billion. Investors included Oregon Investment Council, Pennsylvania Public School Employees' Retirement System and the University of Michigan endowment. Fund IV will pursue a combination of minority and control investments in public… Read More
Faering Capital Leads a Series B Financing Round for TranServ (Asia)
India-focused private equity firm Faering Capital has led a Series B financing round for India-based electronic payments provider TranServ. Early-stage investor Nirvana Venture Advisors also participated in the round. Faering Capital’s investment was structured through its Evolving India Fund. TranServ intends to use the funds to scale its operations, enhance its technology platform and increase its workforce from 75 employees… Read More
ADM Capital Acquires a Controlling Stake in Chaplin Cinemas (CEE and CIS)
ADM Capital, an investment firm focused on recovery, special situations and event-driven opportunities in emerging markets, has acquired a controlling stake in Kazakhstan-based movie theater operator Chaplin Cinemas. The transaction was structured through two funds managed by ADM: ADM Kazakhstan Capital Restructuring Fund and Kazakhstan Growth Fund. Chaplin Cinemas will use the investment for geographic expansion and improving business processes.… Read More
Tar Heel Capital Acquires an 80 Percent Stake in Transsystem for PLN26 Million (CEE and CIS)
Private equity firm Tar Heel Capital has acquired an 80 percent stake in Poland-based transportation systems producer Transsystem, a company declared bankrupt in August 2012, from the court-appointed receiver, along with the rights to the company’s brand. The transaction, which was structured through Tar Heel Capital II, was valued at PLN26 million (approximately US$8.6 million). Tar Heel intends to rebuild… Read More
Equis Buys a 47 Percent Stake in Oriental Gas (Asia)
Energy and infrastructure investor Equis Funds Group and investment company Runfar Investment Group have participated in a US$43 million financing round for China-based natural gas distributor Oriental Gas. Post-transaction, Equis and Runfar held a 47 percent stake and a 53 percent stake, respectively, in the company. Oriental Gas intends to use the funds to expand its assets, consolidate ownership control… Read More
Warburg Pincus Invests US$50 Million in China ANE Logistics (Asia)
Global private equity firm Warburg Pincus has invested US$50 million in a follow-on round for China-based logistics and courier services provider China ANE Logistics. Warburg Pincus had invested an undisclosed amount in the company earlier this year. China ANE Logistics owns 50 logistics centers and is involved in small parcel shipping. Read More
GIC and Olympus Capital Asia Lead a US$106 Million Investment in Huaxia Dairy Farm (Asia)
Singapore’s sovereign wealth fund GIC and private equity firm Olympus Capital Asia have led a US$106 million investment in China-based milk producer Huaxia Dairy Farm. GIC and Olympus Capital Asia invested US$70 million and US$30 million, respectively, with the remaining US$6 million coming from other existing shareholders, including venture capital firm Grand River Capital. Combined with its previous investments, Olympus… Read More
CDH, CITIC Private Equity and New Horizon-backed Luye Pharma Group Raises US$764 Million in Hong Kong IPO (Asia)
China-based pharmaceutical manufacturer Luye Pharma Group, which is backed by China-focused private equity firms CDH China Management Company, CITIC Private Equity Funds Management and New Horizon Capital, has raised US$764 million in an initial public offering. The company priced its offering at the high end of its indicative price range, selling 999.6 million shares at HKD5.92 (approximately US$0.76) each. Existing… Read More