Pan-European private equity firm IK Investment Partners has agreed to sell the non-carbonated beverages division of Poland-based food products business Agros Nova to Polmlek Group, a Poland-based dairy company. The sale follows IK Investment’s announced divestment of Agros Nova's fruit and vegetable preserves and ready-made food operations to Poland-based juice… Read More
Credit-focused private equity firms Shoreline Capital Management and Oaktree Capital Group have reportedly teamed up to purchase a portfolio of non-performing loans in China for a total of US$168 million. Shoreline contributed 51 percent of the deal value, with Oaktree contributing the remaining 49 percent. The portfolio consists of loans issued to… Read More
Central Europe-focused private equity firm Value4Capital (V4C) has agreed to sell its stake in Poland-based Home.pl to United Internet’s subsidiary 1 & 1 Internet for a reported EUR135 million (approximately US$149 million). This translates into a reported 3.4x cash return and an IRR of over 40 percent for V4C on… Read More
Pan-African private equity firm AfricInvest has reached a second close for AfricInvest Fund III with commitments from private investors and development finance institutions, including a EUR20 million (approximately US$22 million) commitment from the African Development Bank. The fund, which held a first close with EUR154 million (approximately US$199 million) in… Read More
India-based fruit drinks manufacturer Manpasand Beverages has listed on the Bombay Stock Exchange and the National Stock Exchange. The company floated its initial public offering (IPO) at a price range of INR290-INR320 per share (approximately US$4.56-US$5.00), raising a total of INR4 billion (approximately US$63 million). The IPO was oversubscribed by… Read More
East Africa-focused private equity and venture capital investor Fanisi Capital has invested US$6 million for about a 40 percent stake in Tanzania-based agro-processing company Kijenge Animal Products. The company, which is involved in maize flour milling, animal feed milling and poultry production, intends to use the capital to diversify its product… Read More
ASEAN-focused private equity firm NDE Capital has held a first close on its second fund, NDE Capital II, with US$107 million in capital commitments. The fund, which has a US$350 million hard cap, will allocate 60 percent of its capital to investments in China and 40 percent to investments in… Read More
China-based Didi Kuaidi, a taxi-hailing app operator, has raised a US$2 billion financing round from a group of investors that included global private equity firm Capital Group Private Markets and the venture capital arm of China-based Ping An Insurance, Ping An Ventures. Capital Group invested around US$350 million in the… Read More
China-based Xiaozhu.com, a short-term home-rental platform, has raised a US$60 million Series C financing round led by Joy Capital, a venture capital spinout from Legend Capital. Private investment group Morningside Technologies, China-focused private equity firm CITIC Capital and China-focused fund of funds and secondary investor Magic Stone Alternative Investments also… Read More
Metier, a private equity and alternative asset management firm, has sold its stake in South Point, a South Africa-based company that redevelops distressed urban properties to provide accommodation to students and unemployed graduates. The Unemployment Insurance Fund, managed by South Africa’s Public Investment Corporation, acquired the company in June. Metier… Read More
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