Private equity firm Bain Capital has completed its exit from China-based electrical appliance retailer Gome Electrical Appliances Holding, selling its remaining shares for about HKD1 billion (approximately US$137 million). Bain Capital originally invested in the company in June 2009. Read More
L Capital Asia, the Asian private equity business sponsored by global luxury goods distributor LVMH Group, has reportedly invested more than US$100 million in China-based Sasseur Cayman Holding, the operator of four outlet malls. The transaction was structured through L Capital Asia 2. Private equity firm Warburg Pincus also participated… Read More
Darby Private Equity, the private equity arm of Franklin Templeton Investments, has exited its investment in China-based Shayne International Holdings, a manufacturer and exporter of high-end upholstered furniture and leather apparel. Darby originally invested in the company in 2006 through Darby Asia Mezzanine Fund II. Financial details of the transaction… Read More
South Africa-focused fund manager Ethos Private Equity has acquired a majority stake in South Africa-based automotive parts retailer AutoZone. The transaction was structured through Ethos Fund VI. As part of the transaction, Ethos acquired the stake held by RMB Corvest, the private equity arm of Rand Merchant Bank and Zico… Read More
ChrysCapital, an investment firm that focuses on growth sectors in India, has partially exited India-listed IT company Cyient, formerly known as Infotech Enterprises. ChrysCapital returned around INR800 million (approximately US$13 million) through open market transactions, resulting in a reported 3x return on its original May 2013 investment. Read More
Syntaxis Capital, a provider of mezzanine financing in Central Europe, has provided a EUR13.5 million (approximately US$15.6 million) mezzanine loan to Turkey-based Uğurlu Cam, a specialized glass products manufacturer. Uğurlu intends to use the capital to support its organic growth and fund prospective acquisitions. Read More
Investment manager BPM Capital has closed BPM Mezzanine Fund with EUR70 million (approximately US$82 million) in capital commitments. Investors include development finance institutions European Investment Fund and European Bank for Reconstruction and Development, seed investment company Ambient Sound Investments, pension fund LHV Pension Funds and asset manager Swedbank. The fund… Read More
Pan-African private investment firm Helios Investment Partners has agreed to sell a 12.2 percent stake in Kenya-based banking group Equity Group Holdings to development finance institution Norfund and NorFinance, a joint venture investment company between Norfund and Norwegian private investors. The stake represents half of Helios’s interest in Equity Group,… Read More
Southeast Asia-focused growth investor Sovereign’s Capital has led a US$2 million Series A financing round for Indonesia-based gift card retailer Gift Card Indonesia (GCI). Other investors in the round included venture firms Lippo Digital Ventures, Sinar Mas Digital Ventures and RMK Ventures. GCI intends to use the capital to enter… Read More
Private equity investors Resource Partners and Ardian have acquired Poland-based cookie manufacturer Chojecki. The firms plan to merge Chojecki with Poland-based confectionery company Delicpol, which they acquired in 2012. The acquisition of Chojecki is part of their strategy to expand both the product range and client base for Delicpol. Financial… Read More
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