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Housing.co.in Secures US$2.5 Million from Nexus Venture Partners (Asia)
Indian venture capital firm Nexus Venture Partners has invested US$2.5 million in Indian online real estate search platform Housing.co.in as part of a pre-Series A round of financing. In addition to developing new technologies, Housing.co.in intends to use the funding to set up a data science lab to leverage the real estate data gathered by the platform and provide research… Read More
Actis Invests US$290 Million in Chilean Wind and Solar Energy Project (Latin America)
Africa, Asia and Latin America-focused private equity firm Actis has invested US$290 million for a 60 percent stake in Aela Energía, a Chilean wind and solar energy provider. Mainstream Renewable Power, a global wind and solar energy developer, invested alongside Actis and will own the remaining 40 percent stake in the company. Aela Energía intends to expand Chile’s renewable energy… Read More
Goldman Sachs Invests US$135 Million in ReNew Power (Asia)
The private equity arm of Goldman Sachs has invested US$135 million in ReNew Power, an Indian wind energy firm. This transaction follows two prior investments made by Goldman Sachs in ReNew in 2011, collectively totaling US$250 million and giving the firm a majority stake. ReNew intends to use this financing to scale up its energy production capacity to 1,000 MW… Read More
Saratoga Founders’ New Investment Fund Targets Indonesian Growth (Asia)
Indonesian private equity firm Saratoga Capital has listed an investment vehicle, Saratoga Investama Sedaya (SIS), on the Indonesia Stock Exchange, raising around US$151 million. The vehicle contains stakes in several of Saratoga Capital’s key holdings, including Adaro Energy and Tower Bersama Infrastructure. SIS sold 271 million new shares, representing approximately 10 percent of its post-issue share capital, at IDR5,500 per… Read More
BaltCap Invests in PostService Group (CEE and CIS)
BaltCap, a private equity and venture capital firm focused on the Baltic countries, has invested EUR1.5 million (approximately US$2 million) in PostService Group, a privately owned postal operator in Latvia. PostService Group operates forty parcel delivery and shipment terminals under the Mana Pasta Stacija brand name. BaltCap structured the investment through the BaltCap Latvia Venture Capital Fund. Read More
CITIC Private Equity Completes US$370 Million 3SBio Take-Private (Asia)
Chinese biotechnology company 3SBio has agreed to delist from the NASDAQ stock exchange after shareholders voted in favor of a take-private deal proposed by Chinese private equity firm CITIC Private Equity and the company’s CEO. The two parties, who own a combined 18 percent of 3SBio’s outstanding share capital, have agreed to buy the remaining shares at US$16.70 per share,… Read More
Foursan Group Exits Al-Isra Education & Investment (MENA)
Foursan Group, a private equity firm primarily focused on the Middle East region, announced its exit from Al-Isra Education & Investment, the Amman Stock Exchange-listed holding company that operates Jordan’s Al-Isra Private University. Al-Isra provides undergraduate and graduate degrees to nearly 6,500 students. Foursan Group originally invested in the company in 2005. Financial details of the transaction were not disclosed. Read More
Mitsubishi to Control Grain Company Los Grobo Ceagro do Brasil (Latin America)
Brazilian private equity firm Vinci Partners and Argentine agribusiness group Los Grobo have sold their 60 percent stake in Brazilian grain company Los Grobo Ceagro do Brasil to Japanese conglomerate Mitsubishi. Mitsubishi previously acquired a 20 percent stake in Ceagro in January 2012, resulting in a total ownership stake of 80 percent. The remaining 20 percent stake is owned by… Read More
CDF Capital Backs Chinese Horse Breeder (Asia)
Chinese private equity firm Shenzhen CDF Capital has participated in the RMB100 million (approximately US$16.3 million) Series B financing round of Chinese horse breeder Rider Horse. The latest investment follows the company’s August 2012 RMB120 million (approximately US$19.4 million) Series A financing round led by Hong Kong-based private equity and alternative asset investment firm SMC Capital China. Rider Horse breeds… Read More
Capital International Backs Philippines Media Conglomerate (Asia)
Emerging markets private equity firm Capital International Private Equity Funds (CIPEF) has invested PHP2.5 billion (approximately US$60.7 million) in Filipino media and entertainment company ABS-CBN. The funding is intended to expand ABS-CBN’s platform offerings, including its digital terrestrial television services. CIPEF will purchase Philippines Deposit Receipts (PDRs) issued by ABS-CBN at a 2.1 percent discount to the 45-day volume-weighted average. Read More
Actis Celebrates Ugandan Bank Sale (Sub-Saharan Africa)
Emerging markets private equity investor Actis has sold the majority of its 60 percent stake in Ugandan bank DFCU to Norfund, a Norwegian development finance institution, and Rabo Development, a subsidiary of Dutch banking group Rabobank. Actis had been managing the 60 percent stake on behalf of its former parent, U.K. development finance institution CDC Group, which chose to retain… Read More
Hony Capital Sells Down Holding in Jiangsu Phoenix Publishing & Media (Asia)
China-focused private equity firm Hony Capital has reduced its holding in Shanghai Stock Exchange-listed publishing company Jiangsu Phoenix Publishing & Media. Hony sold 25 million shares of Phoenix at a price range of RMB8 to RMB8.89(approximately US$1.29 to US$1.44) per share, for a total transaction value of roughly US$32.3 million to US$35.9 million. Hony originally invested RMB481 million (approximately US$77.8… Read More