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Evercore Mexico Closes Fund III on US$201 Million (Latin America)
Evercore Mexico Capital Partners (EMCP), the Mexican private equity business of investment banking firm Evercore Partners, has raised US$201 million for Evercore Mexico Capital Partners III (EMCP III). EMCP III, which was launched in the second quarter of 2012, will employ EMCP’s strategy of making minority investments in high-growth, family-owned and privately held Mexican companies. EMCP III plans to invest… Read More
The Abraaj Group Acquires 100 Percent Stake in African Frozen Dairy Business (Sub-Saharan Africa)
The Abraaj Group, an investor operating in the growth markets of Asia, Africa, Latin America and the Middle East, has agreed to acquire a 100 percent stake in Ghana-based Fan Milk International (FMI), a manufacturer and distributor of frozen dairy products and juices in West Africa. FMI intends to embark on further growth into new markets within Africa. Financial details… Read More
Investcorp’s Gulf Fund Acquires a 38 Percent Stake in Saudi Arabia’s Al Yusr Industrial Contracting Company (MENA)
Investcorp, a Bahrain-based manager of alternative investment products, has agreed to acquire a 38 percent stake in Al Yusr Industrial Contracting Company, a provider of technical industrial support services to the petrochemical, oil and gas sectors in Saudi Arabia and Qatar. The investment was structured through Investcorp’s Gulf Opportunity Fund. Financial details of the transaction were not disclosed. Read More
ChrysCapital Acquires 4 Percent Stake in Infotech Enterprises (Asia)
ChrysCapital, an investment firm that focuses on growth sectors in India, has acquired a 4 to 4.5 percent stake in India-based Infotech Enterprises from venture capital firm Sequoia Capital India. Infotech Enterprises is an IT services firm that provides engineering solutions to organizations worldwide, and is listed on both the National Stock Exchange of India and the Bombay Stock Exchange.… Read More
CITIC Capital Raises US$683 Million for Its Retail Property Fund (Asia)
CITIC Capital, a China-based alternative investment management and advisory firm, has held a final close of US$683 million on its China Retail Properties Investment Fund, exceeding the original target of US$600 million. Since the first closing in late 2011, the fund has invested US$250 million into three projects located in Hunan province, Anhui province and Shanghai. This is CITIC Capital’s… Read More
Carlyle Sells Yashili to China Mengniu Dairy (Asia)
Global alternative asset manager The Carlyle Group has agreed to sell its entire 24 percent stake in Yashili International Holdings, a Hong Kong-listed baby formula producer, for roughly HKD3 billion (approximately US$387 million) in a strategic sale to China Mengniu Dairy, a China-based milk producer. Yashili's controlling shareholder, Zhang International Investment, will accept a shares-and-cash combined offer and intends to… Read More
Warburg Invests US$600 Million in African Oil and Gas (Sub-Saharan Africa)
Global private equity firm Warburg Pincus has agreed to lead an investment of up to US$600 million in Delonex Energy, an energy exploration and production company focused on Central and East Africa. Warburg Pincus, which recently closed its eleventh fund on US$11.2 billion, will become the largest shareholder in the company. Delonex Energy intends to access opportunities in the East… Read More
Capital International Backs Eaton with US$195 Million (Sub-Saharan Africa)
Emerging markets investment manager Capital International has invested US$195 million in Africa-focused telecommunications services company Eaton Towers. The transaction was structured through Capital International Private Equity Fund (CIPEF), and represents Eaton’s third round of funding. Capital International, which holds a majority stake in Eaton, previously invested US$150 million in the company in 2011. The new capital will be used in… Read More
Capital International Backs Eaton with US$195 Million (Sub-Saharan Africa)
Emerging markets investment manager Capital International has invested US$195 million in Africa-focused telecommunications services company Eaton Towers. The transaction was structured through Capital International Private Equity Fund (CIPEF), and represents Eaton’s third round of funding. Capital International, which holds a majority stake in Eaton, previously invested US$150 million in the company in 2011. The new capital will be used in… Read More
IDG Invests US$4 Million in China WeiPass Series A Round (Asia)
China-focused investment firm IDG Capital Partners has invested US$4 million in the Series A financing round of Chinese mobile app developer China WeiPass. WeiPass developed a smartphone app for payment verification that allows businesses and customers to earn and redeem coupons and confirm payments. IDG Capital Partners is a joint venture between media company International Data Group (IDG) and global… Read More
Eredene Capital Sells 6.8 Percent Stake in Ocean Sparkle (Asia)
Eredene Capital, an independent investment firm that specializes in Indian infrastructure, sold its 6.8 percent stake in Ocean Sparkle, an Indian port operations and marine services company, to Mauritius-based Infrastructure India Holdings Fund for GBP8.2 million (approximately US$12.8 million). The stake was held by Eredene subsidiary West Coast Port. Eredene originally invested GBP7.3 million (approximately US$10.9 million) in Ocean Sparkle… Read More
BanyanTree Growth Capital II Invests US$8.6 Million in Renewable Power Firm Atria (Asia)
BanyanTree Finance, a private equity firm that focuses on middle market companies in India, has invested INR500 million (approximately US$8.6 million) in Atria Brindavan Power, an India-based renewable power generation company. The investment was structured through BanyanTree Growth Capital II, which announced its first close in July 2012 with nearly US$100 million in commitments. Atria Brindavan Power has an operating… Read More