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.
UAP Raises KES4.7 Billion from Private Equity Investors Aureos, AfricInvest-TunInvest Group, and Swedfund International AB (Sub-Saharan Africa)
UAP Holdings, a Kenya-based financial services group, has raised KES4.7 billion (US$53.5 million) from three international private equity investors to support its regional and pan-African expansion plans. Aureos Capital’s Aureos Africa Fund, AfricInvest Fund II and AfricInvest Financial Sector Fund, both managed by Tunisia-based AfricInvest-TunInvest Group, and Swedish development finance institution Swedfund International AB all participated in the financing round.… Read More
Pátria to Acquire 40 Percent of Vulcabras for BRL500 Million (Latin America)
Brazil-based alternative investment management firm Pátria Investimentos and global investment and advisory firm Blackstone plan to acquire a 40 percent stake in Brazilian footwear manufacturer Vulcabras for BRL500 million (approximately US$245 million). Vulcabras produces the Azaleia and Olympikus shoe brands and has operations throughout South America. In 2010, Blackstone acquired a 40 percent stake in Pátria Investimentos, whose fourth private… Read More
ACON Investments Provides Growth Capital to BSM Engenharia (Latin America)
The ACON Latin America Opportunities Fund (ALAOF) has led an investment of BRL110 million (approximately US$54 million) for a significant minority stake in BSM Engenharia (BSM), a Brazilian firm specializing in offshore oil and gas logistics and heavy-duty equipment rentals. ALAOF is managed by ACON Investments, a U.S. and Latin America-focused private equity investment firm. BSM will use the new… Read More
Navis Closes Offer on Adampak, Now Controls 98.4 Percent of Singapore Firm (Asia)
Navis Capital Partners’ cash offer for Adampak, a Singapore-based manufacturer of precision components, has closed. Navis, which first announced the cash offer valuing Adampak at SGD110.7 million (approximately US$88 million) on 2 April 2012, now controls 98.4 percent of the company. The offer price of SGD0.42 per share represented an approximately 50 percent premium to Adampak’s 12-month weighted share price.… Read More
Warburg Pincus Acquires Equity Stake in Future Capital Holdings (Asia)
Future Group, an India-based consumer conglomerate, has agreed to sell its stake in Indian financial services provider Future Capital Holdings (FCH) to Warburg Pincus. The U.S.-based global private equity firm will acquire Future Group’s stake at a price of INR162 (US$2.90) per share and will also invest INR1 billion (approximately US$18 million) directly in FCH through a preferential share allotment.… Read More
PDG Realty Approves BRL800 Million Investment Offer from Vinci Partners (Latin America)
The board of Brazilian homebuilder PDG Realty has approved a plan proposed by local private equity firm Vinci Partners to raise BRL800 million (approximately US$390 million) through an issue of new warrants. Investment funds controlled by Vinci Partners could acquire up to 81.4 percent of the new shares issued as part of the plan, which is subject to shareholder approval.… Read More
FMO, SBIH Launch New Investment Fund Focusing on Financial Sector in Emerging Asia (Asia)
The Netherlands Development Finance Company (FMO) and SBI Holdings (SBIH), a Japanese financial services group, have agreed to form a new fund targeting financial sector investments in the emerging markets of Asia. The fund, to be managed by SBI Ven Capital, SBIH’s Singapore-based venture capital division, is targeting up to US$80 million, with a first close target of US$60 million.… Read More
Brazil Potash Corp. Completes US$58 Million Capital Raising (Latin America)
Brazil Potash Corp. (BPC), a Belo Horizonte-based mining company, has completed a US$58.7 million financing round led by U.K.-based global private equity firm CD Capital, which committed US$24.6 million through its CD Capital Natural Resources Fund II. BPC plans to use the new capital to continue exploration for potash at its project site in the state of Amazonas, Brazil. Read More
Fidelity Ventures Leads Investment in Pod Inns (Asia)
Fidelity Growth Partners Asia, the venture capital and private equity arm of Fidelity focused on investing in Greater China, has led an investment of roughly US$50 million in Pod Inns, a Hangzhou-based budget hotel chain. China-based venture capital investors Legend Capital and Jianxin Capital, U.S.-based Morgan Creek Capital Management and KTB of South Korea also participated in the financing round,… Read More
CVCI Boosts Wuttisak with US$100 Million (Asia)
Global emerging markets private equity investor CVCI Private Equity has acquired 30 percent of Wuttisak Clinic Inter Group, a Thailand-based provider of health and beauty services, in partnership with local private equity manager Thai Strategic Capital. Wuttisak has over 100 clinics in Thailand and plans to expand its operations to neighboring Laos, Cambodia and Vietnam. The transaction is valued at… Read More
First Carlyle Ventures Invests INR600 Million in South Indian Bank (Asia)
First Carlyle Ventures, an Asia-focused growth capital affiliate of The Carlyle Group, has bought 22.6 million shares of South Indian Bank, representing a 2 percent stake in the company, on the Bombay Stock Exchange at a price of INR26.5 per share, resulting in a total investment of INR559.4 million (approximately US$10.7 million). South Indian Bank is a Kerala-based provider of… Read More
Aiyaya Obtains RMB100 Million Investment from Fortune Venture Capital (Asia)
Fortune Venture Capital, a China-based venture capital firm, has invested RMB100 million (US$15.8 million) in Aiyaya, a local women’s accessories manufacturer and retailer. Aiyaya plans to use the financing to expand e-commerce and logistics operations, with the goal of a public listing in 2013. Read More