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.
MBK Partners Buys Stake in Woongjin Coway for KRW1.2 Trillion (Asia)
North Asia-focused private equity firm MBK Partners has reportedly purchased a 31 percent stake in Woongjin Coway, the water purification business of South Korean conglomerate Woongjin Holdings, for KRW1.2 trillion (approximately US$1.1 billion). The acquisition took place through a PIPE transaction in which MBK paid KRW50,000 (approximately US$44.14) per share, a 33 percent premium to its most recent closing share… Read More
FMO and Fairview Introduce Fund-of-Funds for Africa (Sub-Saharan Africa)
Dutch development bank FMO has announced the creation of an Africa-focused fund-of-funds in partnership with U.S.-based fund-of-funds manager Fairview Capital Partners. The FMO Fairview Africa Fund will make commitments to private equity funds in Africa and selectively co-invest alongside these funds. The fund’s target size is US$200 million, of which US$50 million has already been committed by FMO. Read More
212 Capital Partners Leads Second Round Investment into Hemenkiralik.com (CEE and CIS)
Turkish venture capital firm 212 Capital Partners has announced the second round of funding for Turkish online rental service Hemenkiralik.com. Hemenkiralik.com provides an online marketplace where people can list and book short-term rentals in Turkey and the surrounding region. 212 Capital Partners invested alongside two individual investors. Financial details of the transaction were not disclosed. Read More
The Carlyle Group Acquires 13.5 Percent Stake in Meinian Onehealth (Asia)
The Carlyle Group has announced the acquisition of a 13.5 percent stake in Chinese preventative healthcare provider Meinian Onehealth Healthcare. The investment was made through Beijing Carlyle Investment Centre, Carlyle’s RMB-denominated fund that was established in cooperation with the Beijing Municipal Government. Financial terms of the transaction were not disclosed. Read More
Actis Exits Poulina (MENA)
U.K.-based emerging markets private equity investor Actis has announced the sale of its stake in Poulina, a Tunisian food conglomerate. Actis acquired the stake in 2008 by investing in Poulina’s flotation on the Tunis Stock Exchange through The Canada Investment Fund for Africa, a private equity fund Actis co-manages alongside Cordiant Capital, a Canada-based fund manager that specializes in emerging… Read More
Genesis Capital Buys Game Czech (CEE and CIS)
Czech Republic-based private equity firm Genesis Capital has announced the acquisition of 100 percent of Game Czech, the Czech subsidiary of U.K.-based games retailer Game Group. Game Czech is a retailer of computer games and gaming consoles with 30 locations in the Czech Republic. Financial terms of the transaction were not disclosed. Read More
Primus Capital Management Invests HUF400 Million in Pharmaceutical Company HYD (CEE and CIS)
Hungarian venture capital firm Primus Capital Management has invested HUF400 million (approximately US$1.8 million) in Hungarian biotechnology company HYD. HYD specializes in developing products for the prevention and treatment of tumors. The investment was made through the Primus Capital III fund. Read More
Otkritie Financial Corporation Announces Details of the Acquisition of a Minority Interest in NOMOS Bank (CEE and CIS)
Netherlands-based investment and finance group PPF Group has sold its stake in Russia’s NOMOS Bank to Russian banking group Otkritie Financial Group in a share swap deal. In exchange, PPF Group received shares in Russian fertilizer company Uralkali, plus an additional equity investment. The total value of the transaction value was RUB14.1 billion (approximately US$442 million). Read More
INR3 Billion Investment by Goldman Sachs and NEA (Asia)
An Indian operator of surgical care and fertility clinics, Nova Medical Centers, has announced the investment of INR3 billion (approximately US$54 million) by global investment bank and securities firm Goldman Sachs and U.S.-based venture capital investor New Enterprise Associates (NEA). Under the terms of the transaction, Goldman Sachs will invest INR2.2 billion (approximately US$40 million) and NEA will invest INR800… Read More
City Corporation Raises US$21.8 Million from IL&FS PE for Its Future Towers Project (Asia)
India-based private equity fund manager IL&FS Investment Managers Limited (IIML) has invested INR1.2 billion (approximately US$21.8 million) in City Corporation, an Indian real estate developer. The capital will be used to finance the construction of a residential project, Futura Towers. The project is reportedly valued at INR2.5 billion, suggesting a 48 percent ownership stake for IIML. Read More
Warburg Pincus Invests in Bone Medical (Asia)
Global private equity firm Warburg Pincus has reportedly invested in Chinese medical materials manufacturer Bone Medical Devices. Bone Medical Devices specializes in the research, development, production and sale of orthopedic implants. Financial details of the transaction were not disclosed. Read More
EBRD Backs New Russian Private Equity Fund (CEE and CIS)
The European Bank for Reconstruction and Development (EBRD) has announced an agreement to act as a cornerstone investor in Elbrus Capital Fund II, a private equity fund managed by Russia-based Elbrus Capital. The EBRD has agreed to invest up to US$50 million in the fund, with the caveat that its investment will not exceed 25 percent of the fund’s total… Read More