African Infrastructure Investment Managers (AIIM), a member of Old Mutual Alternative Investments, has acquired a 60 percent effective interest in Tanzania-based dry bulk terminal operator DSM Corridor Group Tanzania (DCG). AIIM invested through strategic holding company African Ports and Corridors Holdings, which will facilitate the acquisition of further terminals and… Read More
Global alternative asset manager The Carlyle Group has acquired a minority stake in Brazil-based FS, a technology solutions provider active in digital security, cloud services, insurance, specialized technical support, mobile learning and interactive services. Carlyle invested through Carlyle South America Buyout Fund and Carlyle Peru Fund. Financial terms of the… Read More
China-focused private equity firm CDH Investments has partially exited its stake in China-based pork producer WH Group via a distribution in kind to applicable investors of 537.2 million shares representing a 3.7 percent stake in the company. The shares are worth approximately HKD3.36 billion (approximately US$433 million). CDH continues to… Read More
Hyundai Commercial, an affiliate of South Korea-based Hyundai Motor Group, and a private equity consortium led by Asia-focused fund manager Affinity Equity Partners have agreed to acquire a combined 43 percent stake in South Korea-based Hyundai Card Company from General Electric. Hyundai Commercial and the Affinity-led consortium, which includes Singaporean… Read More
Private equity advisory firm Jacob Ballas Capital India and New York Life Investment Management (NYLIM) have agreed to acquire a minority stake in CentrumDirect, the foreign exchange business unit of Bombay Stock Exchange-listed financial services company Centrum Capital. The firms will reportedly invest US$50 million for a 30 percent stake… Read More
Pan-African private equity investment firm EXEO Capital has reached a first close for Agri-Vie Fund II with more than US$100 million in capital commitments. The fund, which is targeting US$150 million to US$200 million in total commitments, will focus on the food and agribusiness sector in Sub-Saharan Africa. Read More
ARX Equity Partners, a private equity fund manager focused on mid-sized companies in Central Europe, has agreed to acquire Czech Republic-based baby fruit desserts and fruit drinks producer Nutricia Deva from France-based food company Danone Group. ARX will invest through its fourth private equity fund alongside food industry entrepreneur Keith Dilworth. Read More
Private equity investors 3i Group, Neuberger Berman and Siguler Guff & Company have agreed to sell their interests in Brazil-based eyewear retailer Óticas Carol as part of an EUR100 million (approximately US$118 million) acquisition of 100% of the company by Italy-based eyewear group Luxottica. 3i, Neuberger Berman and Siguler Guff… Read More
Inspired Evolution Investment Management, an Africa-focused investment advisory firm specializing in clean energy infrastructure and resource efficiency, has sold its stakes in South Africa-based renewable energy projects Slimsun Swartland Solar Park, Kouga Wind Farm and Solar Capital De Aar to South Africa-based TriAlpha Investment Management. The firm’s interest in Solar… Read More
Pan-African private equity firm AfricInvest has invested EUR17.3 million (approximately US$18 million) in Mali-based hospitality group Azalaï Hotels. AfricInvest invested through AfricInvest III. Azalaï will use the new funds to expand across West Africa, increase capacity and upgrade service. Read More
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