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Nexus Venture Partners Closes Fund III (Asia)
Indian venture capital firm Nexus Venture Partners has announced the closing of its third fund with US$270 million in commitments. The firm reported that Nexus III closed six months ago and includes endowments, foundations and financial institutions among its investors. The fund will follow the investment pattern of its predecessors, which have made over 40 investments in early stage companies… Read More
GIC and Northstar Buy into Indonesian Oil (Asia)
Indonesian investment firm Northstar Pacific Partners has invested US$200 million alongside Singapore’s sovereign wealth fund Government of Singapore Investment Corporation (GIC) for a minority stake in Indonesian palm oil producer Triputra Agro Persada. The investment consists of equity and convertible bonds, and the terms of the agreement allow Northstar and GIC to invest an additional US$50 million at a later… Read More
Darby Gets into Dall Deal (Latin America)
Darby Overseas Investments, the private equity arm of Franklin Templeton Investments, has invested BRL35 million (approximately US$17.1 million) in Dall, a Brazilian supplier of foods and logistics services for hotel and offshore platforms. The investment was made through Darby’s BRL387.5 million (approximately US$235 million) Brazil Mezzanine Infrastructure Fund, which has made five investments since 2008. Dall plans to use the… Read More
Tiantu Capital Invests in Sunshine Kitchen (Asia)
Chinese private equity firm Tiantu Capital has invested RMB60 million (approximately US$9.4 million) in Chinese restaurant operator Sunshine Kitchen, which specializes in Cantonese cuisine. The investment, which was part of Sunshine Kitchen’s Series A round of funding, was made through the Tianjin Tiantu Xinghua Equity Investment Enterprise fund. Read More
Norwest Venture Partners Invests US$4.5 Million in Primary Care Clinic Chain Nationwide (Asia)
Global multi-stage investment firm Norwest Venture Partners (NVP) has, through its Indian affiliate NVP India, invested INR250 million (approximately US$4.5 million) in Indian healthcare chain Nationwide Primary Healthcare Services. Nationwide plans to use the funding to expand from 15 to 120 clinics over the next 18 months. This is NVP’s second venture capital deal in the Indian healthcare sector this… Read More
Blackstone Energy Partners Closes at US$2.5 Billion (Global)
Global investment firm Blackstone has announced the final closing of its first dedicated energy-focused private equity fund, Blackstone Energy Partners, with US$2.5 billion in total commitments. The fund will invest in the energy and natural resources sectors globally and has already made six investments valued at more than US$965 million. The fund will invest alongside Blackstone Capital Partners VI, Blackstone’s… Read More
SEAF Funds Complete Exit from Peruvian Logistics Firm (Latin America)
Emerging markets-focused small and medium enterprise investor Small Enterprise Assistance Funds (SEAF) has announced the completion of its July 2012 exit from logistics firm Outsourcing Peru. The owner of Outsourcing Peru repurchased the 53 percent stake owned by SEAF’s Fondo Transandino Peru and repaid the debt financing provided by SEAF’s SME Debt Facility. SEAF had originally invested US$4.1 million, through… Read More
Runa Capital Backs Dnevnik.ru Global Expansion (CEE and CIS)
Russian early stage venture capital firm Runa Capital has invested US$5 million in Dnevnik.ru, an online education platform operating in Russia and Ukraine. Dnevnik.ru was launched in 2009 and currently serves over 21,000 schools in Russia and almost 10,000 schools in Ukraine. Runa Capital invests in early stage technology companies in Russia and the Commonwealth of Independent States (CIS) with… Read More
PE Trio Ups China Investment to US$300 Million (Asia)
A consortium consisting of Olympus Capital, FountainVest Partners and Morgan Stanley Infrastructure Partners has invested US$150 million in Chinese hydropower plant operator Zhaoheng Hydropower. The firms matched their previous US$150 million investment in the company in December 2010. Zhaoheng, which operates hydroelectric plants across seven Chinese provinces, plans to use the funding to expand both within and outside of China. Read More
Darby Divests Its Holding in Grupo Financiero Improsa in Costa Rica (Latin America)
Darby Overseas Investments, the private equity arm of Franklin Templeton Investments, has announced the exit of its holding in Grupo Financiero Improsa, a Costa Rican financial institution. Darby first invested in the company in 2000 through the Darby ProBanco I Fund, a specialized financial sector fund focused on Latin America. The divestment marks the final exit for the fund. Financial… Read More
The Carlyle Group to Acquire 25 Percent of Grupo Orguel (Latin America)
The Carlyle Group has announced the acquisition of a 25 percent stake in Brazilian equipment rental company Grupo Orguel. Grupo Orguel has 75 branch locations in 11 Brazilian states. The investment was made via Carlyle’s US$776 million South America Buyout Fund and Fundo Brasil de Internacionalização de Empresas, a BRL360 million fund advised by Carlyle and Banco do Brasil. Financial… Read More
Beltone’s Midcap Fund Buys 25 Percent of Bio Pharma (MENA)
Beltone Private Equity, the private equity subsidiary of Egyptian investment firm Beltone Financial, has invested EGP10 million (approximately US$1.6 million) for a 25 percent stake in Bio Pharma Egypt, a manufacturer of private label and branded nutritional supplements. Bio Pharma Egypt plans to use the funding to raise its production capacity and to launch new products. Read More