The Blackstone Group has agreed to exit India-based Gateway Rail Freight to its parent company Gateway Distriparks for INR8.1 billion (approximately US$118 million), bringing Gateway Distriparks’ stake in the company to 99.8 percent. Blackstone originally invested INR3 billion (approximately US$65 million) in Gateway Rail Freight in November 2009. The deal,… Read More
China-focused private investment firm Primavera Capital Group has reached a first close for its third fund with US$1.5 billion in capital commitments. Primavera, which typically makes growth capital, buyout and special situations investments, is reportedly targeting US$2.8 billion in total commitments for the fund. Read More
Legend Capital Management, an independent venture capital unit of China-based conglomerate Legend Holdings, has reached a first close for its second renminbi-denominated health care fund with CNY1 billion (approximately US$157 million) in capital commitments. The main areas of focus for the fund include drug development, medical devices, diagnostic technologies, health… Read More
Old Mutual Private Equity (OMPE), a division of South Africa-focused asset manager Old Mutual Alternative Investments, has agreed to acquire a 50 percent stake in South Africa-based Medhold Group, an end-to-end supplier of medical devices. With OMPE’s support, Medhold plans to expand locally and in the rest of Africa, as… Read More
China-focused private equity fund managers CITIC Capital and Hillhouse Capital have led Series A and A+ rounds totaling CNY450 million (approximately US$70 million) for credit information provider China Chengxin Credit. Investment firms Boyu Capital, Three Gorges Capital Holdings, Cherubic Ventures, Danhua Capital, Wanshi Capital and Harmony Riverside Investment Management also… Read More
Pivotal bioVenture Partners China, a division of China-based conglomerate Nan Fung Group, has reached a final close for its debut fund with US$150 million in capital commitments. The fund will invest broadly in the pharmaceutical, device and health service sectors, with a focus on incubating new life sciences companies in… Read More
Impact investment fund manager responsAbility Investments has fully exited its indirect equity investment in Peru-based microfinance bank MiBanco to majority shareholder Credicorp. Three responsAbility-managed investment vehicles owned an entity formed to invest in microfinance institutions; in turn, this entity owned a minority stake in MiBanco. Financial details of the transaction… Read More
China-focused venture capital firm AlphaX Partners has reached a final close for its maiden fund, a U.S. dollar- and renminbi-denominated dual-currency vehicle, with CNY2 billion (approximately US$313 million) in total commitments. Investors in the fund include institutions from Europe and the United States; China-based strategic investors Focus Media and Qihoo… Read More
Pan-African food and agriculture-focused private equity fund manager EXEO Capital has invested US$4.6 million in Zambia-based food distributor Capital Fisheries through Agri-Vie Fund II. Capital Fisheries, which specializes in the cold-chain distribution of animal proteins, mainly sells tilapia (or bream) and horse mackerel. Over the next two years, the company… Read More
Global alternative asset manager The Carlyle Group has fully exited China-listed warehouse operator China Logistics Property Holding to global private equity fund manager Warburg Pincus for US$96.6 million. Carlyle originally invested in China Logistics in September 2015, nine months before the company was listed on the Hong Kong Stock Exchange. Read More
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