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General Atlantic Raises US$129 Million Through Zhongsheng Sale (Asia)
Global private equity firm General Atlantic has completed its third partial exit from Chinese automobile dealership group Zhongsheng Group, reducing the firm’s stake in the company to an approximate 5 percent. The value of the transaction is estimated at US$129 million. General Atlantic reportedly sold 65 million shares of the Hong Kong-listed company at a price of HKD15.38 each. Read More
Olympus Capital Buys 4.8 Percent in Karur Vysya for US$38.34 Million (Asia)
Asia-focused middle market private equity firm Olympus Capital Holdings Asia has acquired a 4.8 percent stake in India-based Karur Vysya Bank. The PIPE transaction is valued at approximately US$38.34 million. The stake was purchased through market transactions on the Bombay Stock Exchange and the National Stock Exchange of India. Read More
Brazil’s Qualicorp Raises BRL674 Million from Share Sale (Latin America)
The controlling shareholders of Brazilian healthcare company Grupo Qualicorp have raised BRL674 million (approximately US$364 million) from a secondary offering on the Brazilian stock exchange (BM&FBOVESPA). Over 40 million shares were sold at a price of BRL16.50 each. The amount raised could increase if the controlling shareholders—global private equity firm The Carlyle Group and Qualicorp founder Jose Seripieri Filho—decide to… Read More
PAG Backs Haitong’s US$1.8 Billion Hong Kong Offering (Asia)
PAG Asia Capital Limited, a private equity firm focused on China and other regions across Asia, has become a cornerstone investor in the Shanghai-listed securities firm Haitong Securities’ upcoming initial public offering in Hong Kong. PAG is purchasing shares valued at US$300 million as part of a potential US$1.8 billion offering. PAG joins a group of 10 additional cornerstone investors,… Read More
BR Partners Secures Sequoia Stake (Latin America)
The private equity arm of Brazilian financial services firm BR Partners has acquired a minority stake in Grupo Sequoia, a local company focused on e-commerce logistics. The financial details of the transaction were not disclosed. Grupo Sequoia plans to use the funding to expand its operational capabilities and invest in the automation of logistical processes. Read More
IFC and IDB Invest US$100 Million to Support Infrastructure Development in MENA (MENA)
IFC and Islamic Development Bank (IDB) are investing up to US$100 million to support the construction of infrastructure projects across the Middle East and North Africa. The organizations are each investing US$50 million in the Arab Infrastructure Investment Vehicle (AIIV), which is expected to grow to between US$300 million and US$500 million. AIIV will be managed by EMP AIM, a… Read More
Zephyr Peacock India Holds First Close on Zephyr Peacock India Fund III (Asia)
Zephyr Peacock India, part of global private equity and marketable securities firm Zephyr Management, has held a first close on Zephyr Peacock India Fund III with US$50 million in commitments. The fund, which is targeting US$150 million in total commitments, plans to invest between US$5 million and US$15 million in small- and medium-sized companies across a number of sectors, including… Read More
BI Private Equity Buys Extra 3.5 Million Shares of Masan Group (Asia)
BI Private Equity New Markets (PENM), a part of Danish asset management company BankInvest that offers equity capital to unlisted Vietnamese companies, has purchased an additional 3.5 million shares of Masan Group, a holding company with interests in a variety of sectors including consumer products, financial services and resources, between 12 March and 12 April 2012. As a result, PENM… Read More
China Cord Blood Corporation Announces Investment by KKR (Asia)
Global investment firm Kohlberg Kravis Robert & Co. (KKR) has agreed to invest US$65 million in China Cord Blood Corporation (CCBC), a Chinese umbilical cord blood banking operator. The investment, which will be made through the KKR China Growth Fund, will be used in part to support the company’s business expansion. The transaction represents KKR’s first investment in the healthcare… Read More
Trimax Raises US$20 Million from Aditya Birla PE Fund (Asia)
Aditya Birla Capital Advisors (ABCAP), the private equity arm of the Aditya Birla Financial Services Group, has invested approximately US$20 million in India’s Trimax IT Infrastructure and Services. The investment was made via the Aditya Birla Private Equity – Fund I. The company plans to use the proceeds to finance its expansion plans both in India and internationally. The deal… Read More
CVC Capital Partners Announces Agreement to Acquire Hong Kong Broadband Network (Asia)
International private equity firm CVC Capital Partners has agreed to acquire Hong Kong Broadband Network (HKBN) and IDD businesses from City Telecom. HKBN is a broadband operator in Hong Kong, which owns and operates a fiber network. The transaction is valued at approximately HK$5 billion (US$644 million), which will be funded via a combination of equity and debt financing (provided… Read More
Pegasus Capital to Acquire Six Senses Resorts & Spas (Asia)
U.S.-based provide equity fund manager Pegasus Capital Advisors has agreed to acquire the Thailand-based luxury resort and spa business of Six Senses Resorts & Spas. The value of the investment is undisclosed. Under the terms of the transaction, Pegasus will acquire all of the Six Senses and Evason branded resort and spa management contracts and related intellectual property rights, and… Read More