Pan-emerging markets private equity firm Actis has acquired a 21 percent stake in Egypt-based Integrated Diagnostics Holdings, a private sector healthcare diagnostics service provider. Global growth markets investor The Abraaj Group partially exited through the transaction. The company intends to accelerate its growth and offer new and complementary services to… Read More
Aqua Capital, a private equity fund focused on mid-sized agribusiness, food and logistics companies in Brazil and the southernmost areas of South America, has completed the merger of two Brazil-based cold storage logistics companies: Comfrio Soluções Logísticas and Stock Tech Logística. After owning a co-controlling stake in Comfrio for three… Read More
Canbank Venture Capital Fund, a wholly-owned venture capital subsidiary of Canara Bank, has acquired a five percent stake in India-based Anand Teknow Aids Engineering India, a provider of engineering products for the oil and gas industry, for INR160 million (approximately US$2.5 million). The transaction was structured through Canbank’s Emerging India… Read More
China-focused private equity and venture capital firm CDH Investments has agreed to sell back its shares in NASDAQ-listed CNinsure, a China-based insurance intermediary company and online insurance service provider, to certain members of the company’s management. CNinsure’s management will purchase 7.7 million shares at a price of US$7 per share,… Read More
Middle market-focused buyout investor Growthgate Capital has exited its investment in United Arab Emirates-based logistics provider Able Logistics Group by selling its 70 percent stake to Kerry Freight Services (South Asia) for US$32 million. Kerry Freight Services is a wholly owned subsidiary of Hong Kong-listed logistics provider Kerry Logistics Network. Read More
Poland-based retail group Czerwona Torebka has agreed to sell its convenience store chain Malpka Express to principal investment firm PineBridge Investments for PLN362 million (approximately US$108 million). Instead of a cash payment, PineBridge will transfer all of its current shares in Czerwona—in which it holds a 16 percent stake—back to… Read More
Private equity fund management company Advanced Finance and Investment Group (AFIG) has agreed to invest up to US$14 million in Nigeria-based producer and distributor of pharmaceutical products and bottled beverages Nigerian-German Chemicals (NGC). The transaction will be structured through Atlantic Coast Regional Fund. NGC intends to use the capital to… Read More
Global alternative asset manager The Carlyle Group has agreed to purchase multinational conglomerate General Electric’s stake in holding company Bowenvale, which holds a 74 percent stake in Hong Kong-listed Asia Satellite Telecommunications Holdings (AsiaSat), for as much as HKD3.75 billion (approximately US$483 million). AsiaSat is a commercial operator of communication… Read More
Credit and special situations investment firm Clearwater Capital Partners, emerging markets investment manager Spinnaker Capital Group and emerging markets fund manager Ashmore Investment Management have agreed to sell Hong Kong- and Singapore-based undersea cable provider Pacnet to Australia-based telecommunications company Telstra for US$697 million, including US$400 million in debt. The… Read More
Asia-Pacific-focused private equity investor Morgan Stanley Private Equity Asia (MSPEA) and China-based Sihuan Pharmaceuticals, one of MSPEA’s portfolio companies, along with Sihuan’s chairman, have together agreed to invest RMB1.2 billion (approximately US$200 million) in two China-based hospitals: HY Hospital in Huai’an and JB Hospital in Nanjing. The investments are being… Read More
(default archive template)