Southeast Asia-focused private equity firm Navis Capital Partners has closed its seventh private equity vehicle with US$1.5 billion in capital commitments. The fund, which had originally targeted US$1.25 billion, reached a US$860 million first close in December 2013. The final close included the addition of a shariah-compliant parallel vehicle. The… Read More
P2 Brasil, a private infrastructure investment partnership between Pátria Investimentos and Promon, has agreed to sell NovaAgri, a logistics services provider, to Toyota Tsusho Corporation, a subsidiary of Toyota Group. NovaAgri operates grain warehouses, railway shipment facilities and export terminals in central and northeastern Brazil. P2 Brasil originally acquired the… Read More
Clearwater Capital, an investment firm focused on credit and special situations in Asia, has partially exited India-based Oricon Enterprises by selling 850,000 shares on 14 January and 4.5 million shares on 29 January through open market transactions on the Bombay Stock Exchange. Clearwater returned INR40.4 million (approximately US$650,000) and INR223… Read More
Vietnam-focused private equity firm Mekong Capital has partially exited Vietnam-listed mobile phone retailer Mobile World, selling 2.24 million shares, or a two percent stake, between 14 January and 26 January. Mekong originally invested in the company in May 2007 through Mekong Enterprise Fund II. Financial details of the transaction were… Read More
L Capital Asia, an Asia-focused private equity fund manager backed by global luxury goods distributor LVMH Group, has purchased a minority stake in Saudi Arabia-based gourmet confectionery producer and restaurant chain Bateel. The company intends to expand to the rest of the Middle East, as well as to European markets… Read More
Private equity fund manager Phatisa has invested in Kenya-based General Plastics, a manufacturer of packaging products for the food, beverage and agro-chemical sectors. The company intends to use the capital injection to expand its operations across East Africa. Financial details of the transaction were not disclosed. Read More
Hedge fund Valiant Capital Partners has led a US$26 million Series D financing round for India-based BrainBees Solutions, owner of baby-focused e-commerce site FirstCry.com. Venture capital fund managers IDG Ventures India and SAIF Partners and Vertex Venture Holdings, the early-stage investment arm of Temasek Holdings, also participated in the round. Read More
Pan-African private equity firm AfricInvest, global growth markets investor The Abraaj Group and development finance institution Swedfund have entered into an agreement to sell their collective 37.3 percent stake in Kenya-based insurance provider UAP Holdings to Old Mutual Holdings, a wholly-owned subsidiary of insurance and banking group Old Mutual, for… Read More
Healthcare-focused private equity fund manager Quadria Capital has agreed to invest in Indonesia-based SOHO Global Health, a developer and manufacturer of natural medicine and over-the-counter products. Financial details of the transaction, which was structured through Quadria Capital Fund and is subject to corporate approvals and other customary closing conditions, were… Read More
Global private investment firm TPG has acquired a 25 percent stake in India-based healthcare service provider Manipal Health Enterprises for US$150 million. The deal was approved by the Competition Commission of India on 15 January. Manipal has been scaling its business through a mix of organic expansion and acquisitions in… Read More
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