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
The Wall Street Journal invites nonprofit and for-profit enterprises to enter The Financial Inclusion Challenge competition and to showcase their solutions to the problems of financial access for the poor in the Asia-Pacific region. The competition is part of an editorial initiative aimed at providing insight into the challenges and triumphs faced in… Read More
2016 Emerging Markets Private Capital Activity Dips Year-Over-Year Despite Upswings in Select Markets, Strategies and Sectors Highlights Include Turkey, Mexico, Nigeria, Private Credit, Venture Capital and Oil & Gas EMPEA’s just-released Year-End 2016 Industry Statistics reveal that emerging markets (“EM”) private capital fundraising and investment—inclusive of private equity, private infrastructure… Read More
Southeast Asia-focused venture capital firm Kejora Ventures has reached a first close for Kejora Star Capital II with US$21 million in capital commitments. Investors in the fund include Indonesia-based diversified industrials group Barito Pacific, Thailand-based conglomerate Charoen Pokphand Group and Germany-based Hubert Burda Media. The fund, which is targeting US$50… Read More
China-based Qiyi.com (also known as iQiyi), a video-streaming platform majority-owned by search engine operator Baidu, has raised US$1.53 billion through the issuance of convertible notes to private equity and venture capital firms Hillhouse Capital, IDG Capital, Boyu Capital, Run Liang Tai Fund, Sequoia Capital China and Everbright-IDG Industrial Fund, an… Read More
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