India-focused early-stage venture capital firm DSG Consumer Partners has reached a final close for its second fund with US$40 million (approximately INR2.67 billion) in capital commitments. The fund will invest in companies in India and Southeast Asia and aims to deploy its entire corpus by mid-2018. Read More
North Asia-focused private equity firm MBK Partners has agreed to acquire 100 percent of South Korea-based Daesung Industrial Gases from a consortium led by Goldman Sachs and parent company Daesung Group for a reported KRW2 trillion (approximately US$1.8 billion), including debt. The Goldman Sachs-led consortium had originally acquired a 62… Read More
IDFC Alternatives, the alternative asset management arm of India-focused infrastructure financing company IDFC, has fully exited India-based power plant operator Essar Power to undisclosed private investors for INR5.8 billion (approximately US$87.1 million). IDFC, which originally invested INR3.5 billion (approximately US$67 million) in 2009 through India Infrastructure Fund I for a… Read More
Asset management firm VinaCapital’s Vietnam Opportunity Fund (VOF) has reportedly exited its 50 percent stake in Vietnam-based hotel Sofitel Legend Metropole Hanoi to the hospitality joint venture owned by the firm and global private equity fund manager Warburg Pincus for US$100 million. The transaction follows the November 2016 partnership agreement… Read More
Global alternative asset management firm The Carlyle Group has agreed to exit China-based boutique hotel operator Crystal Orange Hotel Holdings as part of Nasdaq-listed hotel chain China Lodging Group’s acquisition of the company for CNY3.65 billion (approximately US$530 million), subject to customary post-closing adjustments. Carlyle acquired a 49 percent stake… Read More
South Africa-focused private equity firm Medu Capital has acquired a 15 percent stake in South Africa-based wireless broadband internet service provider Hero Telecomms (HeroTel) for ZAR74.25 million (approximately US$5.75 million). With Medu’s support, HeroTel plans to fund its ongoing acquisition plans. Read More
Global investment firm KKR has invested in China-based pet food company Gambol Pet Group through its China Growth Fund. With KKR’s support, Gambol plans to expand its production capacity in China, Thailand, Europe and the United States. Financial details of the transaction were not disclosed. Read More
Global growth markets investor The Abraaj Group has acquired Middlesex University’s overseas campus in Dubai. Abraaj reportedly paid 11x earnings before interest, tax, depreciation and amortization. Financial details of the transaction, which closed at the end of January, were not disclosed. Read More
Private equity advisory firm Jacob Ballas Capital India has acquired an additional 1.7 percent stake in India-listed theme parks operator Adlabs Entertainment for INR110 million (approximately US$1.6 million), bringing its total stake in the company to six percent. Jacob Ballas, which had previously acquired shares in the company in 2014… Read More
Global consumer-focused private equity firm L Catterton has invested in Argentina-based women’s apparel company Rapsodia through L Catterton Latin America II. The company operates 90 stores across Argentina, Mexico, Chile, Uruguay, Colombia and Paraguay. With the support of L Catterton and existing shareholder Grupo de Narváez, Rapsodia plans to expand… Read More
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