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.
Matrix Partners India Invests in Mswipe (Asia)
Matrix Partners India, the India-focused arm of global private equity firm Matrix Partners, has invested in Indian payment solutions provider Mswipe Technologies. Mswipe’s products allow businesses to accept credit and debit card payments via mobile phones. Financial details of the transaction were not disclosed. Read More
Actis Makes Healthcare Investment in China (Asia)
Emerging markets private equity investor Actis has invested in Chinese medical equipment manufacturer Nanjing Micro-Tech, acquiring a minority stake in the company. Nanjing Micro-Tech’s product portfolio includes endoscopy consumables, non-vascular stents and disposable biopsy forceps, and the company has a network of 120 distributors within China. Financial details of the transaction were not disclosed. Read More
East Capital Exits ELKO Grupa in Latvia (CEE and CIS)
East Capital, a Swedish asset management firm focused on Eastern Europe and China, has sold its 8.8 percent stake in Latvian IT products wholesaler ELKO Grupa to the company’s other shareholders. East Capital first invested in the company in 2005 and provided debt financing in 2008 and 2009. The divested shares came from three East Capital funds: East Capital Bering… Read More
Clearwater Capital Increases Stake in Kamat Hotels (Asia)
Global special situations investor Clearwater Capital has increased its stake in Indian hotel manager Kamat Hotels to 41.3 percent after acquiring additional shares in the listed company and converting existing bond holdings into equity. Clearwater, which previously held a 21.99 percent stake in Kamat, purchased over 1.7 million shares (9.07 percent of shares outstanding) on the Bombay Stock Exchange and… Read More
KKR Strikes Private Equity Deal in Vietnam (Asia)
Global investment firm Kohlberg Kravis Roberts & Co. (KKR) has invested an additional US$200 million in Vietnamese consumer food products company Masan Consumer through a combination of primary and secondary shares. KKR previously invested US$159 million in the company in April 2011. Masan produces condiments, convenience foods and instant coffee. Separately, KKR invested an additional US$40 million in Chinese water… Read More
Online Fashion Retailer Namshi Set to Expand Regionally (MENA)
United Arab Emirates-based online fashion retailer Namshi has received investment from U.S.-based growth equity firm Summit Partners. Namshi sells apparel from over 550 brands to customers within the Gulf Cooperation Council countries. Financial details of the transaction were not disclosed. Read More
Carlyle Completes China Pacific Exit, Takes Total Sales Value Past US$5 Billion (Asia)
Global alternative asset manager The Carlyle Group has fully exited its investment in China Pacific Insurance (CPIC) through a share sale on the Hong Kong Stock Exchange. Carlyle sold 2.2 percent of CPIC’s total shares for approximately US$796 million, bringing its total earnings to over US$5 billion after six incremental exits. CPIC received US$740 million in funding from Carlyle over… Read More
Navis Invests in Godaco Seafood, Exits Thai Duck Processing Company (Asia)
Asia-focused private equity firm Navis Capital Partners has indirectly invested in Vietnamese seafood processing company Go Dang Joint Stock Company (Godaco) through a holding company, Panga Hold Co. The investment will allow Godaco to accelerate its expansion plans and increase global exports of its two key products, Pangasius and clams. The funds will also be used to expand processing and… Read More
Henderson Equity Partners Exits HSIL (Asia)
Henderson Equity Partners, the private equity arm of U.S.-based investment firm Henderson Global Investors, sold 8.2 percent of the equity shares of Indian sanitary products manufacturer Hindustan Sanitaryware & Industries Limited (HSIL) through a share sale on the Bombay Stock Exchange. The shares were valued at INR678.2 million (approximately US$12.3 million). Henderson had invested INR520 million (approximately US$9.5 million) in… Read More
India Equity Partners Exiting Manappuram (Asia)
India-focused private equity firm India Equity Partners (IEP) has begun exiting from Manappuram, an Indian non-banking financial company specializing in gold loans. IEP sold 18 million shares, equivalent to a 2.13 percent equity stake, on the National Stock Exchange of India for INR770 million (approximately US$14.2 million). The firm had originally invested nearly INR500 million (approximately US$9.2 million) in Manappuram… Read More
Blue Equity Announces Closed Transaction with the Rubis Group of Paris (Latin America and the Caribbean)
U.S.-based private equity firm Blue Equity has sold The Antilles Group, the licensed user of Shell brands in Jamaica, to the Rubis Group, a French downstream petroleum and chemicals company. The Antilles Group operates 50 Shell service stations in Jamaica with a customer base in the commercial and industrial sectors. The acquisition will allow the Rubis Group to increase its… Read More
Bain Capital, Goldman Sachs Sell Down China Investments (Asia)
Bain Capital and Goldman Sachs Capital Partners, the private equity arm of Goldman Sachs, have reduced their holdings in two Chinese companies listed on the Hong Kong Stock Exchange. Bain Capital partially divested its holdings in real estate developer Sunac China Holdings for HKD540 million (approximately US$70 million), retaining 60 percent of its original stake, while Goldman Sachs Capital Partners… Read More