Brazil-based veterinary products maker Ouro Fino Saúde Animal Participações raised BRL418 million (approximately US$172 million) via an initial public offering (IPO) on 17 October, through which global growth equity investment firm General Atlantic acquired shares worth BRL200 million (approximately US$81 million) in the company, representing a 14.26 percent stake. The… Read More
Alternative investment firm Bain Capital has acquired an 80 percent stake in China-based financial leasing company Lionbridge Financial Leasing for a reported RMB1 billion (approximately US$164 million). The company provides leasing services, lease-back services and leasing asset management in four industry verticals: heavy duty vehicles, medical equipment, manufacturing equipment and… Read More
Southeast Asia-focused private equity firm Navis Capital Partners has agreed to sell China-based Trio Engineered Products to London Stock Exchange-listed engineering company Weir Group for an enterprise value of US$220 million. Trio is a global provider of crushing, screening, washing and conveying equipment to the mining, recycling and mineral industries. Read More
China-focused private equity and venture capital firm CDH Investments will return capital to its limited partners by pledging shares in China-based pork producer WH Group worth an estimated HKD12.6 billion (approximately US$1.6 billion). CDH, which is still bound by a 12-month lock-up dating from WH Group's Hong Kong IPO in… Read More
AfricInvest Group, a private equity firm focused on North and Sub-Saharan Africa, has held a first close for AfricInvest Fund III (AF III) with more than EUR154 million (approximately US$195 million) in capital commitments. Investors in the fund include development finance institutions Netherlands Development Finance Company (FMO), CDC Group, International… Read More
Central and Eastern Europe-focused private equity fund manager Abris Capital Partners has agreed to acquire a 95 percent stake in Czech Republic-based used car dealer AAA Auto Group for EUR220 million (approximately US$279 million). The transaction, which has been cleared by the Czech Antimonopoly Office, is subject to the approval… Read More
Asia-focused private equity firm Baring Private Equity Asia has reached a US$3.2 billion first close for its latest pan-Asia fund, Baring Private Equity Asia Fund VI. Investors in the fund, which reportedly has a hard cap of US$3.85 billion, include Pennsylvania Public School Employees' Retirement System, San Francisco City &… Read More
IDFC Alternatives, the alternative asset management arm of India-focused infrastructure financing company IDFC, has reached the final close for India Infrastructure Fund II (IIF II) at its hard cap of INR55 billion (approximately US$900 million). The fund received commitments of US$90 million from IDFC and US$810 million from third-party limited… Read More
China-focused private equity and venture capital firm CDH Investments has agreed to acquire a 79 percent stake in China-based alkaline battery manufacturer Fujian Nanping Nanfu Battery from global consumer goods company Procter & Gamble in a transaction reportedly worth US$1 billion. Nanfu Battery sells its products under the Excell, Nanfu… Read More
Emerging markets financial services investor LeapFrog Investments has sold its minority stake in Kenya-based insurance group Apollo Investments to Swiss Re, a global wholesale provider of reinsurance. Apollo, through its wholly-owned insurance subsidiary APA, provides a broad array of insurance solutions across Kenya, Uganda and Tanzania. Financial details of the… Read More
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