The Carlyle Group, China-based conglomerate CITIC and CITIC’s alternative investment arm CITIC Capital Holdings have agreed to acquire the mainland China and Hong Kong businesses of global fast food chain McDonald’s for a total consideration of up to US$2.08 billion. Carlyle will invest through Carlyle Asia Partners IV. After the… Read More
Malaysia-focused asset management firm CMS Opus Private Equity (COPE) has reduced its stake in Malaysia-based energy services group Serba Dinamik Holdings from 16 percent to 6 percent by selling 85 million shares in the company for MYR128 million (approximately US$29 million) in the company’s IPO on the Main Market of… Read More
Exfinity Venture Partners has completed an INR3 billion (approximately US$44 million) final close for its second fund. Investors in the fund include family offices, high-net worth individuals and institutions. The fund will invest in business-to-business technology companies in the United States and India… Read More
Central & Eastern Europe-focused mid-market private equity firm Abris Capital Partners has acquired a majority stake in Serbia-based cable television and broadband service provider Kopernikus Technology. Abris will invest through Abris CEE Mid-Market Fund III. Financial details of the transaction were not disclosed. Read More
India-focused venture capital firm Lightbox Ventures has closed an expansion fund with approximately US$54 million in commitments. Investors in the fund include endowments, pension funds, funds of funds and family offices. The fund will invest in Lightbox’s existing portfolio companies, supporting their further growth. … Read More
Growth markets investor Actis and investment management firm Mesoamerica have sold their 100 percent stake in Costa Rica-based renewable energy company Globeleq Mesoamerica Energy (GME) to Guatemala-based conglomerate Corporacion Multi Inversiones. Actis originally acquired a 70 percent stake in GME in 2010. GME has an operating capacity footprint of 394… Read More
Cross-border private equity firm Cathay Capital Private Equity and China-focused venture capital firm Fortune Venture Capital have led a CNY400 million (approximately US$58 million) Series D round for China-based smartphone and consumer electronics recycling company Aihuishou. Early-stage venture capital firm Morningside Ventures and other existing investors also participated in the… Read More
Central Europe-focused private equity firm Value4Capital (V4C) has exited its entire 36 percent stake in Romania-based private health care services company MedLife for RON189 million (approximately US$43 million) via an initial public offering on the Bucharest Stock Exchange. V4C, which originally invested in MedLife in 2009, reportedly generated a 2x… Read More
Brookfield Asset Management has agreed to acquire a 100 percent interest in the tower assets of India-based telecommunications provider Reliance Communications for INR110 billion (approximately US$1.6 billion). Brookfield will invest through NYSE- and TSX-listed Brookfield Infrastructure Partners. The transaction is subject to regulatory and shareholder approval. Read More
Private equity investment advisory firm Tridevi Capital has agreed to invest US$20 million in Prabha Energy (PEPL), a subsidiary of Bombay Stock Exchange- and National Stock Exchange-listed oil and gas exploration company Deep Industries. Tridevi made the investment through a subscription of compulsorily convertible debentures, which will represent a 40… Read More
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