Middle East-focused alternative asset manager Gulf Capital has reached a first close for its second credit and mezzanine fund, Gulf Credit Opportunities Fund II, with US$175 million in capital commitments. The fund, which has a target of US$250 million and hard cap of US$300 million, will provide financing to mid-market… Read More
Asia-focused middle market private equity firm Olympus Capital Asia has agreed to invest at least US$30 million in CreditAccess Asia, an Asia-focused microfinance operator active India and Southeast Asia. CreditAccess Asia plans to use the new capital to expand its retail lending operations across Asia. Read More
North America- and Central Europe-focused private equity firm Highlander Partners has acquired a 60 percent stake in QFG, a Poland-based producer of meat products for convenience food retailers. The company plans to use the new funds to increase its production capacity. Separately, Highlander Partners has sold a 50 percent stake… Read More
PAG Asia Capital, the private equity arm of Asia-focused alternative investment management firm PAG, has reached a final close for its second Asia-focused buyout fund, PAG Asia II, with US$3.6 billion in capital commitments. The fund, which was oversubscribed, will target major markets in Asia with a focus on buyout… Read More
Global asset management company Black River Asset Management has completed the purchase of two Brazil-based sugarcane mills from Brazil-based sugar and ethanol company Ruette Group. The deal totaled BRL830 million (approximately US$209 million), including BRL530 million (approximately US$134 million) in debt financing. The transaction was structured through Black River Agriculture… Read More
Venture capital firm Sequoia Capital has led an INR400 million (approximately US$6 million) Series A financing round for India-based craft brewery B9 Beverages, which markets the brand Bira 91. A number of angel investors also participated in the round. The company intends to use the new capital for marketing and… Read More
Pan-emerging markets private equity firm Actis has agreed to sell Guatemala-based private electricity distribution company Energuate to I.C. Power, a developer and operator of power generation facilities in Latin America, for US$229.5 million. I.C. Power will acquire the company from Deorsa-Deocsa Holdings, an investment company of Actis. The acquisition is… Read More
Mid Europa Partners, a private equity firm focused on Central and Eastern Europe and Turkey, has agreed to sell Bité Finance International (Bité Group), a mobile operator focused on the Baltic countries, to global private equity firm Providence Equity Partners. Bité Group provides a range of mobile services, internet access… Read More
Global investment firm KKR has agreed to pursue acquisitions and investment opportunities by establishing a platform to provide asset management services to the oil and gas industry globally. KKR’s investment in the platform will be made primarily by the KKR Asian Fund II. The platform aims to become an integrated… Read More
India-focused private equity firm IDFC Alternatives has agreed to purchase a 37 percent stake in India-based highway operator Dewas Bhopal Corridor from India-based infrastructure company Welspun Enterprises at an enterprise value of INR6.6 billion (approximately US$100 million). The transaction, which was structured through India Infrastructure Fund II, includes a contingent… Read More
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