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Everstone Capital to Invest US$38 Million in Publishing Firm S. Chand & Company (Asia)
Indian private equity and real estate investor Everstone Capital is investing INR2 billion (approximately US$37.8 million) in S. Chand & Company, an Indian publisher of educational materials, for a reported 35 percent stake. The investment was made through the Everstone Capital Partners II private equity fund. S. Chand & Company plans to use the capital to fund an inorganic growth… Read More
Baring India Raises Stake in Manappuram Finance (Asia)
India-focused private equity firm Baring Private Equity Partners (BPEP) India has increased its holding in Indian non-banking financial company Manappuram Finance. BPEP India purchased 10.3 million shares of Manappuram on the Bombay Stock Exchange and the National Stock Exchange, amounting to a 1.23 percent equity stake. Following the transaction, which took place in several tranches, BPEP India now holds a… Read More
Horizon Capital and FMO Invest into Ukrainian Pharmaceutical Company Biofarma (CEE and CIS)
Ukraine-based private equity fund manager Horizon Capital and Dutch development bank FMO have invested in Biofarma, a Ukrainian pharmaceutical manufacturer. The capital will be used to fund the construction of a new pharmaceutical plant with upgraded manufacturing lines and laboratory equipment in the Kyiv region. The transaction marks Horizon Capital’s second investment in Ukraine through its Emerging Europe Growth Fund… Read More
Blackstone Buys Stake in Indian Tractor Maker (Asia)
The Blackstone Group has agreed to buy a 12.5 percent stake in International Tractors Limited (ITL), an Indian manufacturer of tractors, for up to INR5.2 billion (approximately US$100 million). The investment will be made from the Blackstone Capital Partners (Singapore) VI fund. ITL plans to use the funding to expand its operations both domestically and internationally. Read More
Actis Raises US$278 Million for Real Estate in Africa (Sub-Saharan Africa)
Global emerging markets investor Actis has confirmed the final close of its second Africa-focused real estate fund, Actis Africa Real Estate 2, with total commitments of US$278 million. The fund will focus on retail and office developments in East Africa, West Africa and Southern Africa, excluding South Africa. Actis’s portfolio for the fund currently includes developments in Kenya, Ghana, Nigeria… Read More
ClicBusiness Receives Investment of BRL1.8 Million from FIR Capital Partners (Latin America)
Brazil-focused venture capital firm FIR Capital Partners has invested BRL1.8 million (approximately US$884,000) in ClicBusiness Software, a Brazilian provider of transaction processing services for online retailers. The investment was made through FIR Capital’s Fundo Santa Catarina, a venture capital fund focused on the Brazilian state of Santa Catarina. Read More
Carlyle Group Sells Stake in India’s HDFC in Latest Exit (Asia)
The Carlyle Group, through its CMP Asia investment vehicle, sold approximately 57 million shares in HDFC, an Indian private sector bank. The share sale, which took place on both the Bombay Stock Exchange and National Stock Exchange, saw Carlyle divest approximately 3.71 percent of HDFC, representing its entire stake, for an aggregate value of approximately US$838 million. Carlyle had partially… Read More
The Longreach Group Announces Final Close of Longreach Capital Partners 2 (Asia)
Japanese investment firm The Longreach Group has announced the final close of its second Japan and North Asia-focused fund, Longreach Capital Partners 2, with US$400 million in commitments. The fund will focus on control buyout investments in the industrial and technology, financial services, business services and consumer-related sectors. Read More
IFC, IFC Asset Management Company Funds Invest in Latin American Expansion of Chile’s CorpBanca (Latin America)
International Finance Corporation (IFC) and two private equity funds managed by IFC Asset Management Company (IFC AMC) will acquire 5 percent of the common stock of Chilean commercial and retail bank CorpBanca. The two IFC AMC funds are the US$1 billion IFC African, Latin American and Caribbean Fund and the US$3 billion IFC Capitalization Fund. CorpBanca is publicly listed on… Read More
Accion Invests US$3 Million in Mobile Services Provider Tiaxa (Latin America)
Global non-profit microfinance organization Accion International has invested US$3 million in Zonamovil, a Chilean provider of managed services for the wireless telecom market. Zonamovil, which operates under the name of Tiaxa, provides billing and rating services for prepaid mobile users along with financial and business intelligence services. Tiaxa plans to use the capital infusion to fund research and development, as… Read More
Global Infrastructure Partners Announced the US$8.25 Billion Final Close of Its Second Fund, GIP II (Global)
U.S.-headquartered infrastructure investor Global Infrastructure Partners (GIP) has announced the final close of its second fund, GIP II, with US$8.25 billion in commitments. GIP invests in infrastructure assets that provide services in the energy, transport, water and waste sectors, and focuses on both developed and emerging markets. Read More
Fulcrum Venture India Exits Real Estate Firm Casa Grande (Asia)
Indian private equity investor Fulcrum Venture India has exited its holding in Indian real estate firm Casa Grande, a developer of luxury villas and apartments, by selling its stake to the management of Casa Grande for INR500 million (approximately US$9.6 million). Fulcrum originally invested INR48 million (approximately US$1 million) in the company in 2004. The sale reportedly generated a return… Read More