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The Carlyle Group Makes Fifth Partial Exit from China Pacific Insurance Company (Asia)
The Carlyle Group has sold shares of China Pacific Insurance Company (CPIC), equivalent to a 9.6 percent stake, for HKD5.64 billion (approximately US$727.9 million) through an open market transaction on the Hong Kong Stock Exchange. The shares were owned by Carlyle Asia Partners (CAP), The Carlyle Group’s Asia-focused fund, which first invested in CPIC in 2005. The transaction marks Carlyle’s… Read More
Clearwater Closes Fund IV at US$575 Million (Asia)
Asia-focused credit and special situations investment firm Clearwater Capital has announced the final close of Clearwater Capital Partners IV with US$575 million in total commitments. Clearwater raised capital from a variety of investors including corporate and state pension plans, fund of funds, endowments, foundations and family offices in the U.S., Europe and Asia, as well as the Overseas Private Investment… Read More
Macrocapitales Announces First Close of US$50 Million for Fund Targeting Midsize Enterprises in Peru (Latin America)
Peru-based investment manager Macrocapitales has held a first close of US$50 million for its Fortaleza Private Equity Fund, which will invest in middle-market Peruvian companies. According to local reports, the fund is targeting US$80 million in total commitments, with the remaining capital to be raised from international investors. Read More
Forbes Private Capital Group Announces Final Closing of US$1 Billion Kerogen Energy Fund (Global)
Hong Kong-based private equity firm Kerogen Capital has announced the final close of Kerogen Energy Fund with US$1 billion in total commitments. The fund aims to provide growth capital to junior upstream oil and gas companies focused on international emerging oil and gas basins and unconventional assets. Investors in the fund included endowments and foundations in the United States, family… Read More
FountainVest Raises over US$1 Billion (Asia)
China-based private equity firm FountainVest Partners has held a first close for its second China-focused fund, FountainVest China Growth Capital Fund II, with more than US$1 billion in commitments. The fund, which was launched in March 2012, is targeting a fund size of US$1.25 billion. Several of FountainVest’s prior investors have reportedly committed to the second fund, including Canada Pension… Read More
Legend Capital Invests in Chinese Cosmetic Brand (Asia)
Legend Capital, the venture capital arm of China-based investment group Legend Holdings, has invested RMB100 million (approximately US$15.8 million) in cosmetic retailer Yesa Cosmetic Group. Yesa, which carries five in-house cosmetic lines, as well as global brands, currently has 70 stores across China with plans to reach 300 by 2015. The company will use Legend’s investment to support retail expansion… Read More
Redpoint e.ventures Closes US$130 Million First-Time Fund Dedicated to Brazil (Latin America)
Redpoint e.ventures, the Brazilian partnership formed by global venture capital firms Redpoint Ventures and e.ventures, has closed its maiden early-stage fund at US$130 million. The fund, which already includes five active investments, will provide seed, Series A and Series B financing to Brazil-based entrepreneurs with a focus on consumer internet, mobile, media and cloud services. Read More
Navis Sells Nirula’s to Indian Hospitality Group A2Z Excursions (Asia)
Malaysia-based private equity firm Navis Capital Partners has sold its 100 percent stake in Indian restaurant chain Nirula’s Corner House through a strategic sale to A2Z Excursions, an India-based hotel, travel and real estate group, for an undisclosed amount. Navis Capital Partners purchased a controlling stake in Nirula’s in 2006 and made subsequent investments in 2010 and 2012. The sale… Read More
NBK Capital Acquires 50 Percent of Bavet (CEE and CIS)
Investment management company NBK Capital, an affiliate of the National Bank of Kuwait (NBK), has announced the acquisition of a 50 percent stake in Turkish animal pharmaceuticals distributor Bavet. The investment was made through NBK Capital Equity Partners Fund I, a private equity fund focused on the MENA region. Financial terms of the transaction were not disclosed. Read More
Creador Invests US$28 Million in Indonesia’s MNC Skyvision (Asia)
South and Southeast Asia-focused private equity firm Creador Capital has invested US$28 million in Indonesian pay TV operator MNC Skyvision’s IPO. Creador’s investment, which includes US$13 million from a co-investor, was equal to approximately 13 percent of the US$228 million on offer. Skyvision is Creador’s second deal in Southeast Asia in recent months, following a US$15 million investment in Malaysian… Read More
Aureos Invests US$10 Million in Mexican Clinical Research Organization (Latin America)
Small- and mid-cap-focused private equity fund manager Aureos Capital has invested US$10 million in Investigación Farmacológica y Biofarmacéutica (IFaB), a Mexico-based provider of outsourced research and development services to the pharmaceutical and biotechnology sectors, via the Aureos Latin America Fund (ALAF). IFaB will use the proceeds to purchase new analytical equipment and grow its medical and research teams. Read More
Coller Capital Closes Sixth Global Private Equity Secondaries Fund at US$5.5 Billion (Global)
Global private equity secondaries firm Coller Capital has announced the closing of Coller International Partners VI at US$5.5 billion, ahead of its US$5 billion target. The fund, like its predecessors, will acquire private equity portfolios from existing investors, with transaction sizes ranging from US$1 million to over US$1 billion. The fund raised capital from over 200 limited partners. Read More