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Havenvest Private Equity Middle East and Al Rashed Group Acquire Stake in IT Integrator Omnix International (MENA)
MENA-focused private equity firm Havenvest Private Equity Middle East, formerly known as HSBC Private Equity Middle East, and Saudi Arabia-based trading and industrial conglomerate Al Rashed group have jointly arranged the acquisition of a significant minority stake in UAE-based IT systems integrator Omnix International. Omnix intends to use the new financing for company growth. Financial details of the transaction were… Read More
The Abraaj Group Exits Filipino Medical Hospital Daniel O. Mercado Medical Center (Asia)
Global growth markets investor The Abraaj Group has announced a full exit from its investment in Philippines-based tertiary medical hospital Daniel O. Mercado Medical Center (DMMC) through a buy back arrangement with the Mercado family. The Abraaj Group originally invested in DMMC in September 2010 alongside the Mercado family. DMMC used the financing to expand its market reach, service offering… Read More
Medu Capital in Two South African Bookstore Deals (Sub-Saharan Africa)
Medu Capital has partnered with former Exclusive Books chief executive officer Benjamin Trisk and private investor Marke Barnes to buy two entities, South Africa-based book retailer Exclusive Books and academic book distributer Van Schaik Bookstores, from South Africa’s Times Media Group (TMG). The consortium will pay ZAR325 million (approximately US$32.8 million) for Van Schaik’s assets and ZAR90 million (approximately US$9.1… Read More
KKR and CDH in US$140 Million Investment to Boost Milk Production in China (Asia)
Global investment firm Kohlberg Kravis & Roberts (KKR), international alternative asset fund manager CDH China Management Company and China-based milk producer Modern Dairy have announced the formation of a joint venture designed to deliver raw milk to Chinese consumers. Under the agreement, KKR, CDH and Modern Dairy will invest US$140 million over the next 18 months to build two new… Read More
GEF Invests INR750 Million in Rishabh Instruments (Asia)
Global alternative asset manager Global Environment Fund (GEF) has invested INR750 million (approximately US$12 million) in India-based Rishabh Instruments, a manufacturer, designer and developer of measuring instruments and industrial control products. The transaction was structured through GEF’s South Asia Clean Energy Fund. Rishabh Instruments intends to use the new financing to transform from a product-based company to a solution provider… Read More
responsAbility Picks Up Stake in Biomass Aggregator Punjab Renewable Energy Systems (Asia)
Independent asset manager responsAbility Social Investments has picked up a minority stake in India-based biomass aggregator Punjab Renewable Energy Systems (PRES). The deal was structured through responsAbility Ventures I. PRES intends to use the capital injection for expansion into new locations in India and abroad. Financial details of the transaction were not disclosed. Read More
GP Investments Sells Remaining Stake in Estácio (Latin America)
Latin America-focused alternative investment company GP Investments has sold its remaining stake, which was held by GP Capital Partners (GPCP) IV, in Brazil-based education company Estácio Participações. GPCP IV sold all of its 22,064,215 shares at BRL17.61 each through a block trade, generating proceeds of BRL388.6 million (approximately US$172.8 million). The fund originally acquired a 20 percent stake in Estácio… Read More
Blue River Capital Exits Aurangabad Electricals with 2x Returns (Asia)
India-focused private equity firm Blue River Capital has exited its 22.1 percent stake in India-based auto ancillary company Aurangabad Electricals for INR780 million (approximately US$12.3 million). Blue River Capital sold the stake back to Aurangabad Electricals, making a reported 2x return on the firm’s original March 2006 investment. In 2011, Aurangabad Electricals filed a draft red herring prospectus with India’s… Read More
Mantiq Investimentos’ Fundo Caixa Ambiental and BNDESPar Invest in Energia Renováveis do Brasil (Latin America)
BNDES Participações (BNDESPar), the investment arm of Brazilian development bank Banco Nacional de Desenvolvimento Economico e Social (BNDES), and private equity fund manager Mantiq Investimentos have approved a share subscription for BRL93.3 (approximately US$41.5 million) and BRL120 (approximately US$53.5 million), respectively, in Brazil-based designer, builder and operator of cogeneration power plants Energia Renováveis do Brasil (ERB). Mantiq’s transaction will be… Read More
Ancora Closes Second Fund on US$128 Million (Asia)
Indonesia-focused private equity firm Ancora Capital has held a final close on its second fund with US$128 million in capital commitments. The vehicle is currently 40 percent deployed, having made three investments since its launch in early 2011. The fund, which was originally targeting US$300 million, reached a first close of US$70 million in April 2011. Khazanah Nasional, the Malaysian… Read More
Sequoia Capital Leads US$15m Series C Investment in App Annie (Asia)
Venture capital firm Sequoia Capital has led a US$15 million Series C financing round in China-based provider of app store analytics App Annie. Venture capital firms IDG Capital Partners, Greycroft Partners, e.ventures and Infinity Venture Partners also participated. The company intends to use the capital injection to expand the App Annie platform, grow sales and marketing teams in San Francisco… Read More
Phatisa Holds Final Close of African Agriculture Fund at US$243 Million (Sub-Saharan Africa)
Private equity fund manager Phatisa has concluded fundraising for its African Agriculture Fund (AAF), with US$243 million in total capital commitments. The fund will target agriculture and food production in Africa. Investors in the fund include development finance institutions, government agencies, commercial banks, fund-of-funds and private investors. Phatisa has already made nine investments via AAF, and hopes to disperse 50… Read More