Kyrgyzstan-focused private equity fund manager Highland Capital has reached a first close for its first fund with US$15 million in capital commitments. Investors in Highland Private Equity & Mezzanine Fund include development finance institution IFC, which committed US$8 million, and high-net worth individuals Gregory Serrurier and Emil Umetaliev. The fund… Read More
Mexico-focused real estate group Be Grand has raised MXN4 billion (approximately US$211 million) via the listing of a Certificado de Capital de Desarollo (CKD) on the Mexican Stock Exchange. Investors in the CKD include Mexican pension fund Afore XXI Banorte, Mexican bank Citibanamex, Singaporean sovereign wealth fund Temasek Holdings and… Read More
Africa-focused private credit fund manager Vantage Capital has provided ZAR2.05 billion (approximately US$145 million) in debt funding to six solar and wind energy projects in South Africa with a combined capacity of 433 megawatts. The projects are part of the South African Renewable Energy Independent Power Producer (REIPP) procurement program… Read More
Global alternative investment manager KKR has agreed to acquire a 60 percent stake in India-based waste management company Ramky Enviro Engineers for US$530 million. KKR will invest through KKR Asian Fund III via a combination of primary and secondary investments, valuing the company at US$925 million. Read More
India-focused private equity fund manager True North has agreed to acquire Glenmark Pharmaceuticals’ orthopedic and pain management business in India and Nepal at an enterprise value of INR6.35 billion (approximately US$93 million). True North will invest through its fifth fund and rebrand the business as Integrace. The transaction is expected… Read More
A consortium led by natural resources-focused private equity fund manager EMR Capital and global asset manager Farallon Capital Management has agreed to sell its 95 percent stake in Indonesia-based gold and silver mine Martabe to Indonesia-listed mining and heavy machinery company United Tractors for an enterprise value of US$1.21 billion. Read More
Vietnam-focused private equity fund manager Mekong Capital has fully exited Vietnam-based Asia Chemicals Corporation (ACC) for US$8.9 million. ACC distributes specialty ingredients, chemicals, non-oil related commodities and other materials to companies in Vietnam. Mekong, which originally invested US$3.8 million in ACC in 2011 through Mekong Enterprise Fund II, generated a… Read More
Private equity fund managers Warburg Pincus and Kedaara Capital have partially exited India-listed AU Small Finance Bank. Warburg sold an 8.3 percent stake for INR15.3 billion (approximately US$223 million), reportedly generating a 15x multiple, while Kedaara sold a 1 percent stake for INR1.8 billion (approximately US$27 million), reportedly generating a… Read More
China-based travel booking platform Klook Travel Technology has raised a US$200 million Series D funding round from fund managers including Sequoia Capital, Matrix Partners and Boyu Capital and global investment bank Goldman Sachs. An undisclosed Asian sovereign wealth fund, technology investor TCV, crowdfunding platform OurCrowd and undisclosed family offices also… Read More
Global private equity fund manager Advent International has agreed to sell Poland-based educational services provider Wydawnictwa Szkolne i Pedagogiczne (WSiP) to Hungary-based diversified investment holding company Central Group. WSiP provides various educational solutions and services to students and teachers, including self-learning and digital products, textbook publishing and tutoring. Advent originally… Read More
(default archive template)