Central and Eastern Europe-focused private equity and venture capital fund manager Enterprise Investors has agreed to sell its 100 percent stake in Poland-based automotive glass manufacturer NordGlass to Belgium-based flat glass producer AGC Automotive Europe for EUR80 million (approximately US$87 million). The transaction is subject to regulatory approval. Enterprise Investors… Read More
Global investment firm Platinum Equity has acquired a majority stake in Ying Shing Enterprises from the company’s founder, who will remain a minority shareholder. Ying Shing is a China-based manufacturing solutions provider for customized precision-engineered plastic injection molded and metal stamping components. Platinum Equity intends to expand the business through… Read More
India-based goods and passenger transport services provider VRL Logistics has completed an IPO on the Bombay Stock Exchange and National Stock Exchange, which included a fresh issue of shares as well as exits for promoters of the company and New Silk Route Growth Capital (NSR), an Asia-focused growth capital firm. Read More
TPG Growth, the middle market and growth equity investment platform of global private investment firm TPG, has reached a final close for TPG Growth Fund III with more than US$3 billion in capital commitments. The fund, which surpassed its initial target of US$2.75 billion, has an investor base including public… Read More
Global alternative asset manager The Carlyle Group has agreed to invest a reported BRL1.75 billion (approximately US$592 million) for an 8.3 percent stake in Brazil-based hospital operator Rede D’Or São Luiz. The investment will be structured through Carlyle Partners VI and Carlyle’s South American buyout funds, including Fundo Brasil de… Read More
Specialist bank and asset manager Investec Bank has led an US$84 million Series C funding round for China-based peer-to-peer online lending platform Jimubox, with participation from Haitong Kaiyuan, the private equity arm of Haitong Securities. Mandra Capital and Zhong Capital Fund, along with existing investors Matrix China Partners, Xiaomi, Shunwei… Read More
Global private equity firm Advent International, in partnership with Singaporean sovereign wealth fund Temasek Holdings, has agreed to acquire a 34 percent stake in the consumer products business of India-based conglomerate Crompton Greaves for a reported INR20 billion (approximately US$316 million). Crompton Greaves Consumer Electricals (CGCEL) manufactures and markets fans,… Read More
Aqua Capital, a South America-focused private equity fund manager specializing in agribusiness, has agreed to acquire a controlling interest in Brazil-based fertilizer producer Dimicron. The company will be merged with Aqua Capital’s existing portfolio company Aminoagro, a micronutrient fertilizer manufacturer which it acquired in 2013, and both the Aminoagro and… Read More
China-focused private equity fund manager Hony Capital has fully exited its investment in Chinasoft International, a China-based software and information services provider listed on the main board of the Hong Kong Stock Exchange. Hony sold 335 million shares at HKD3.93 (approximately US$0.51) apiece to a group of buyers including insurance… Read More
Advanced Finance & Investment Group (AFIG Funds), a Sub-Saharan Africa-focused investment fund management company, has completed an investment in real estate development company Primrose Properties Ghana. Primrose will use the investment to fund a pipeline of commercial, residential and mixed-use property development projects. Financial details of the transaction, which was… Read More
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