Vietnam-focused private equity firm Mekong Capital has partially exited Vietnam-based agricultural products company Loc Troi Group (formerly known as An Giang Plant Protection) via its listing on the Unlisted Public Company Market (UPCoM) exchange. Mekong, which originally invested in Loc Troi in 2008 through Vietnam Azalea Fund, sold approximately 3.1… Read More
Global investment firm KKR has agreed to acquire a 47 percent stake in LS Automotive, the electrical auto parts subsidiary of Korea-based conglomerate LS Group, and a 100 percent stake in LS Group affiliate LS Mtron‘s copper foil and flexible copper-clad laminate business. LS Group will retain a 53 percent… Read More
Africa-focused private investment firm Helios Investment Partners has acquired 100 percent of Fertilizers and Inputs Holdings, the Africa-focused agricultural supplies and chemicals subsidiary of multinational agricultural conglomerate Louis Dreyfus Company, for a reported US$200 million. The company, which distributes fertilizers, crop protection products, seeds and industrial chemicals primarily in West… Read More
Colombia-based pharmaceutical company Grupo Biotoscana has raised a total of BRL1.34 billion (approximately US$427 million) in its initial public offering (IPO) on B3 (formerly BM&FBOVESPA). The offering consisted of 50.6 million Brazilian Depository Receipts (BDRs), including a primary offering from Biotoscana and a secondary offering from global private equity firm… Read More
Germany-based carmaker Daimler, Saudi Stock Exchange-listed Kingdom Holding, venture capital firm DCM Ventures and alternative investment firm Coatue Management have invested US$150 million in Dubai-based transportation and ride hailing business Careem. As part of the transaction, global growth markets investor The Abraaj Group, which originally invested in Careem in 2015,… Read More
The Emerging Africa Infrastructure Fund (EAIF), a joint public and private investment fund owned by the Private Infrastructure Development Group and managed by Investec Asset Management, and International Finance Corporation (IFC) have agreed to provide a US$55 million financing package to support the development of the 40.5-megawatt Mocuba solar photovoltaic… Read More
Global private equity firm Warburg Pincus has agreed to invest up to US$300 million in Princeton Growth Ventures, a telecommunications, media and technology infrastructure platform founded and led by Rangu Salgame. The company will focus on acquiring both standalone and carve-out telecom assets, with a particular focus on data centers… Read More
Aqua Capital, an agribusiness private equity firm focused on control investments in South America, has reached a final close for Aqua Capital Agribusiness Fund II at its hard cap with US$370 million in capital commitments. Investors in the fund include endowments, foundations, funds of funds, asset managers, pension funds, family… Read More
Samena Capital, a principal investment group focused on the Indian subcontinent, the Middle East and North Africa, has completed its first deal in Myanmar by investing US$19 million in tourism platform SM Asset Holdings through Samena Special Situations Fund III. The company plans to use the new capital to acquire… Read More
Global private investment firm TPG has agreed to acquire a controlling stake in Vietnam-based private education group Vietnam Australia International School (VAS), providing an exit for Vietnam-focused private equity firm Mekong Capital and Denmark-based asset management firm Maj Invest. VAS currently operates seven campuses in Ho Chi Minh City and… Read More
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