Global private investment firm TPG has acquired a 28 percent stake in Colombo Stock Exchange-listed private healthcare business Asiri Hospital Holding from pan-emerging markets private equity firm Actis. The transaction, which was structured through TPG Growth III, was valued at LKR7.6 billion (approximately US$52 million). Actis originally invested in Asiri… Read More
India-focused venture capital firm Nexus Venture Partners has reached a final close on its fourth fund, Nexus Ventures IV, with more than US$450 million in capital commitments. Investors in the fund include endowments, foundations and financial institutions from North America, Europe and Asia. The fund will focus on seed and… Read More
Asia-Pacific-focused private equity investor Morgan Stanley Private Equity Asia (MSPEA) has agreed to sell its 38.7 percent stake in China-based natural gas distributor Sino Gas International to existing shareholder Hong Kong-listed gas service operator Zhongyu Gas for US$78.7 million. The transaction, which will be structured through Morgan Stanley Private Equity… Read More
South Africa-focused private equity fund manager Ethos Private Equity has sold its entire 7.7 percent stake in Johannesburg Stock Exchange-listed financial services group Transaction Capital via a book build managed by Rand Merchant Bank for ZAR490 million (approximately US$34 million). The transaction was structured through Ethos Private Equity Fund V. Read More
Investment and economic advisory firm CrossBoundary has reached a first close on CrossBoundary Energy Fund I with US$8 million in capital commitments. The fund, which plans to invest in Africa-based businesses in the commercial and industrial solar sector, also announced its first investment in a Kenya-based 858 kWp solar installation… Read More
Latin America-focused private equity firm Linzor Capital Partners has agreed to acquire the Mexico-based equipment lending and leasing business of multinational conglomerate General Electric. The transaction includes over US$1.1 billion in assets. Financial details of the transaction, which is subject to regulatory approval and expected to close in the first… Read More
Southeast Asia-focused early-stage venture capital firm Golden Gate Ventures and Japan-based internet media firm DesignOne Japan have invested in Lozi, a Vietnam-based food ordering company. The company plans to use the new funds to grow the number of its website and mobile app users and to develop technology that will… Read More
East Africa-focused venture capital firm Novastar Ventures has reached a final close on Novastar Ventures East Africa Fund I with US$80 million in capital commitments. Investors in the fund included development finance institutions CDC, FMO, Norfund and European Investment Bank. Multinational bank JP Morgan, global multi-asset investor AXA Investment Management… Read More
Clearwater Capital Partners, an investment firm focused on credit and special situations in Asia, has exited a 16.5 percent stake in India-based auto component maker Jamna Auto Industries. Clearwater Capital Partners returned INR770 million (approximately US$11.5 million) in open market transactions on the Bombay Stock Exchange and the National Stock… Read More
Pan-emerging markets private equity firm Actis has acquired a minority stake in South Africa-based food retailer Food Lover’s Market for ZAR760 million (approximately US$54 million). The company owns more than 120 stores across 11 countries in Africa. Food Lover’s Market intends to use the funding to continue its growth both… Read More
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