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.
Black River Capital Partners Food Fund Increases Stake in AgriNurture (Asia)
Global asset management company Black River Asset Management has increased its stake in Philippines-listed food processing and export company AgriNurture (ANI) from 28.1 percent to 30.9 percent with the acquisition of 15 million shares from Antonio L. Tiu, president and chairman of ANI. The transaction was structured through the Black River Capital Partners Food Fund. Last month the company also… Read More
China Developer Greenland Raises RMB11.7 Billion from Five Private Equity Investors (Asia)
Chinese state-owned conglomerate Greenland Holding Group has raised a total of RMB11.7 billion (approximately US$1.9 billion) from five private equity investors by issuing 2.09 billion additional shares. The two largest investors were Shenzhen Ping An Innovation Capital, China Ping An Trust & Investment Company’s principal investment arm, which purchased 1.04 million shares for RMB5.8 billion (approximately US$948.6 million), and a… Read More
Advent International and Alothon Exit Atmosfera Group (Latin America)
Global private equity firm Advent International and Brazil-focused private equity firm Alothon Group have signed a definitive agreement to sell Brazil-based industrial laundry company Atmosfera to Elis, a French linen rental and laundry services company. Atmosfera processes 95,000 tons of linen annually from eight plants. The acquisition will be funded by a combination of debt and equity financing. Financial details… Read More
Intaj Capital II Invests in Fitness One Vega (MENA)
Private financial services group Swicorp has invested in Jordan-based health and fitness club management business Fitness House Company (Fitness One). The transaction was structured through Swicorp’s Intaj II vehicle. Fitness One owns and operates fitness centers, including six women-dedicated fitness centers, and “Vega” centers offering diving, rock climbing and mixed martial arts. Over the next three years, the company plans… Read More
The Carlyle Group Invests in Global Health, Exits Stake in Medical Park (Asia, CEE and CIS)
Global alternative asset manager The Carlyle Group has made a minority investment in India-based hospital and healthcare provider Global Health. The transaction, which was structured through Carlyle Asia Partners III, included the acquisition of an equity stake held by global investment firm Avenue Capital Group. Financial details of the transaction were not disclosed. In a separate deal, The Carlyle Group… Read More
KKR to Buy a 100 Percent Stake in NBFC Motichand Finance (Asia)
Global investment firm Kohlberg Kravis Roberts & Co. (KKR) is picking up a 100 percent stake in India-based non-banking finance company (NBFC) Motichand Finance. According to reports, KKR India Asset Investments will acquire over 50 percent in Motichand through a fresh subscription of shares, after which Motichand’s existing shareholder KKR Capital Markets India will transfer its entire shareholding in the… Read More
CVC Raises Initial US$2 Billion for Fourth Asia Fund (Asia)
Private equity and investment advisory firm CVC Capital Partners has held an initial close for its fourth Asian fund with US$2 billion in capital commitments. The firm expects to finish fundraising in early 2014, with a final target of US$3.5 billion. Read More
Darby Exits Leadcorp, Leads Investment in Oleoducto Central (Asia, Latin America)
Darby Overseas Investments, the private equity arm of Franklin Templeton Investments, has divested its equity holding in South Korea-based consumer finance company Leadcorp through sales on the KOSDAQ exchange. Darby first invested in Leadcorp in 2007 in the form of senior secured notes and common shares, making follow-on investments through senior secured notes in 2010 and 2011. Financial details of… Read More
Navis Reaches US$860 Million First Close on Seventh Asia Fund (Asia)
Asia-focused private equity firm Navis Capital Partners has reached a first close on its seventh Asia fund with US$860 million in capital commitments. The new vehicle, which has a target size of US$1.3 billion and a hard cap of US$1.5 billion, will focus on mid-market buyouts in Southeast Asia. Navis expects to reach a final close by the end of… Read More
AION Capital Invests US$150 Million in India-based Avantha Holdings (Asia)
Special situations investor AION Capital Partners, a joint venture between private equity firms Apollo Global Management and ICICI Venture, has invested around US$150 million in Avantha Holdings, the holding company of India-based Avantha Group, a business conglomerate with diverse interests ranging from pulp and paper to power transmission to food processing. The deal involves AION subscribing to debentures of Avantha… Read More
SEAF India Agribusiness Fund Invests in Fertilizer Producer Madhya Bharat Phosphate (Asia)
Global fund management group Small Enterprise Assistance Funds (SEAF) has invested in India-based Madhya Bharat Phosphate, a company engaged in manufacturing single super phosphate, a cheaper soil nutrient. The transaction was structured through SEAF India Agribusiness Fund. Madhya Bharat Phosphate intends to use the capital raised for expanding its current manufacturing capacity, as well as for acquisitions in the western… Read More
RRJ Invests US$349 Million in China Everbright International (Asia)
Asia-focused private equity firm RRJ Capital has purchased a 7.9 percent stake in Hong Kong-listed China Everbright International, a subsidiary of the conglomerate China Everbright Holdings, for HKD2.7 billion (approximately US$349.8 million). RRJ Capital, structured through RRJ Capital Master Fund II, subscribed to 318 million shares, which accounted for over 70 percent of new shares offered by Everbright International, through… Read More