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Beamonte Investments Acquires Minority Stake in Financial Arm of Grupo Andrade (Latin America)
Beamonte Investments, a U.S.-based investment and advisory firm, has acquired a minority stake in Integra Arrenda, a Mexican transportation equipment leasing and financing company. Integra Arrenda is the financial arm of Mexico’s Grupo Andrade, which leases and sells automobiles and other vehicles in Mexico. Financial details of the transaction were not disclosed. Read More
Abris Closes Fund at EUR450 Million (CEE and CIS)
Central and Eastern Europe-focused private equity firm Abris Capital Partners has closed its second fund, Abris II, with EUR450 million (approximately US$586 million) in commitments. The fund, which was originally targeting EUR400 million (approximately US$521 million), received commitments from 21 institutional investors from Europe and abroad. Abris seeks to invest in deals with an enterprise value of EUR15 million to… Read More
Innova Capital Sells DONAKO to Rudolf Weinberger Holding (CEE and CIS)
Rudolf Weinberger Holding, the parent company of Austrian roll foundry Eisenwerk Sulzau-Werfen R. & E. Weinberger (ESW), has acquired a 100 percent stake in Polish manufacturer DONAKO from Central and Eastern Europe-focused private equity firm Innova Capital and Germany-based investment company Zeleznik Industrie Consulting. DONAKO produces high precision laminates and tools for electric generators and large motors. Financial details of… Read More
Bridge Launches with US$24 Million in Funding (Asia)
Bridge, a financial services company focused on extending access to finance to customers in rural Philippines, has received a US$24 million investment from Accion, a global non-profit microfinance organization, development finance institutions FMO and DEG, Bamboo Finance, a global private equity firm specializing in microfinance, and Paul Kocourek, Bridge’s Founding Principal and Chairman. Bridge aims to provide capital, as well… Read More
Resource Capital Funds Invests in Provale (Latin America)
Mining-focused private equity firm Resource Capital Funds has invested in Brazilian calcium carbonate producer Provale. Provale plans to use part of the invested capital to build two new production plants. Financial details of the transaction were not disclosed. Read More
China’s Beisen Gets Series B Funding from Matrix, Sequoia (Asia)
U.S.-based venture capital firms Sequoia Capital and Matrix Partners have invested US$10 million in Series B financing in Beisen, a Chinese supplier of human resources testing tools and services. Beisen has developed a cloud-based platform offering integrated recruitment, evaluation and talent management services. The funding is intended for additional product development. Read More
Apax Partners Continues Exit from Apollo Hospitals, Sells Stake Worth US$83 Million (Asia)
Global private equity investment group Apax Partners has sold a 3.88 percent stake in Indian hospital operator Apollo Hospitals Enterprise to investment management firm Oppenheimer Funds for INR4.45 billion (approximately US$83 million). The transaction took place through a bulk share sale on the Bombay Stock Exchange and National Stock Exchange and follows a similar share sale undertaken by Apax in… Read More
U.K. Music Retailer HMV’s Hong Kong, Singapore Businesses Sold to Private Equity Firm (Asia)
AID Capital Partners, a China-based private equity firm, has purchased the Hong Kong and Singapore operations of U.K.-based music retailer HMV Group. AID acquired six retail stores and an e-commerce outlet in Hong Kong and two stores in Singapore, along with licenses in China, Taiwan and Macau. Financial details of the transaction were not disclosed. Read More
The African Agriculture Fund Concludes an Investment in Côte d’Ivoire (Sub-Saharan Africa)
The African Agriculture Fund (AAF), a private equity fund managed by Sub-Saharan Africa-focused fund manager Phatisa, has invested in Continental Beverage Company (CBC), a Côte D’Ivoire-based bottler and distributor of mineral water. CBC, a wholly owned subsidiary of West and Central African conglomerate The Teylium Group, markets the Olgane brand of mineral water. Financial details of the transaction were not… Read More
TPG Affiliate, Indonesia Tycoon Buy Charoen’s Stake in Hutchison Indonesian Unit (Asia)
A consortium of investors including Northstar Pacific Partners, the Indonesia-focused private equity affiliate of U.S.-based global private investment firm TPG, and businessman Garibaldi Thohir have reportedly purchased Indonesian telecommunications company Hutchison 3 Indonesia from Thai conglomerate Charoen Pokphand Group. Financial details of the transaction were not disclosed. Read More
GP Investments Invests BRL100 Million in EBAM (Latin America)
Brazil-focused alternative investment company GP Investments has invested BRL100 million (approximately US$50.4 million) in Empresa Brasileira de Agregados Minerais (EBAM), a Brazilian mining company and producer of mineral aggregates. GP Investments structured the transaction through Basel Participações, a holding company under its GP Capital Partners V private equity fund. GP had previously invested BRL64 million (approximately US$32.1 million) in EBAM… Read More
CLSA Capital Partners Invests in Scinor Water Limited (Asia)
CLSA Capital Partners, the alternative asset management arm of Hong Kong-based brokerage CLSA Asia-Pacific Markets, and venture capital firm Kleiner Perkins Caufield Byers have invested US$10 million in Chinese water membrane manufacturing company Scinor Water Limited. CLSA structured the transaction through its Clean Resources Asia Growth Fund private equity fund. The investment is intended to help Scinor expand its water… Read More