Global investment firm KKR has agreed to invest US$150 million in India-listed manufacturer of polyester value-chain products JBF Group. KKR will acquire a 20 percent stake in JBF, while the remaining proceeds will be invested in zero-coupon convertible preference shares with 14.5 percent voting rights in JBF’s unlisted subsidiary, JBF… Read More
India Value Fund Advisors (IVFA), a firm focused on investing in mid-sized businesses, has reached a final close for its Indium V fund with US$700 million in capital commitments. The fund—which reached its hard cap—attracted about 25 investors, including Canada Pension Plan Investment Board and Australian sovereign wealth fund Future… Read More
Global private equity fund manager Northgate Capital has acquired a majority stake in Elara Comunicaciones, a Mexico-based satellite telecommunication and technology services company. Northgate will invest up to US$38 million in the company through both primary and secondary transactions. Elara will use the fresh capital to expand its product offerings… Read More
Global alternative asset manager The Carlyle Group has invested RMB530 million (approximately US$87 million) in Beijing Ubox Technology & Trade, a China-based vending machine operator. The investment was structured through Carlyle Beijing Partners Fund. The company will use the new capital to expand its vending machine network in China and… Read More
Global bank BNP Paribas has agreed to acquire India-based online brokerage company Sharekhan, which is backed by private equity firms The Rohatyn Group, Baring Private Equity Asia, IDFC Alternatives and Samara Capital. BNP Paribas is acquiring 100 percent of the company for a reported INR22 billion (approximately US$344 million). The… Read More
Europe-focused private equity firm EQT has agreed to sell Bulgaria-based cable operator Blizoo to Austria-based telecommunications company Telekom Austria Group. The transaction, which will be structured through EQT V, is subject to regulatory approval and is expected to close in the fourth quarter of 2015. Financial details of the transaction… Read More
Sub-Saharan Africa-focused private equity firm Adenia Partners has invested in Ghana-based auto-refinish and industrial coatings manufacturer and marketer Cresta Paints. The transaction was structured through Adenia Capital (III). The company will use the new investment to increase its exports, expand internationally and develop its products. Financial details of the transaction… Read More
Southeast Asia-focused early-stage venture capital firm Golden Gate Ventures has reached a first close for Golden Gate Ventures Fund II with US$35 million in capital commitments. Investors in the first close included Singaporean sovereign wealth fund Temasek, angel investor Eduardo Saverin, European multi-family office Monitor Capital Partners, Singapore’s National Research… Read More
African investment management firm Convergence Partners has reached a final close for Convergence Partners Communication Infrastructure Fund (CPCIF) with more than US$200 million in capital commitments. The fund targets ICT infrastructure investments in Africa. Investors in CPCIF included: the Public Investment Corporation, the asset management company of South Africa’s Government… Read More
African investment management firm Convergence Partners has reached a final close for Convergence Partners Communication Infrastructure Fund (CPCIF) with more than US$200 million in capital commitments. The fund targets ICT infrastructure investments in Africa. Investors in CPCIF included: the Public Investment Corporation, the asset management company of South Africa’s Government… Read More
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