Global private equity firm Summit Partners has agreed to sell its stake in Bulgaria-based provider of application development tools Telerik to NASDAQ-listed software company Progress Software. This is part of a larger transaction in which Progress Software has agreed to acquire Telerik for US$262.5 million. Summit Partners originally acquired a… Read More
Development finance institution International Finance Corporation (IFC) and IFC Asset Management Company (IFC AMC), a wholly owned subsidiary of IFC, have together invested BRL200 million (approximately US$81 million) in Brazil-based logistics services provider Vix Logística. IFC AMC contributed BRL50 million (approximately US$20 million), structured through its IFC African, Latin American… Read More
Emerging markets-focused private equity firm Wolfensohn Capital Partners (WCP), mid-market private equity firm Innova Capital and development finance institution European Bank for Reconstruction and Development (EBRD) have agreed to sell a 97.9 percent stake in Poland-based retail bank Meritum Bank to Poland-based retail and corporate banking institution Alior Bank for… Read More
MENA-focused private equity and mezzanine fund manager NBK Capital has closed its latest private equity fund, NBK Capital Equity Partners Fund II, with US$310 million in capital commitments. The fund, which was oversubscribed, will acquire stakes in middle market companies across the MENA region and has already completed investments in… Read More
Global private equity firm Warburg Pincus has received regulatory approval to acquire a 24 percent stake in India-based jewelry retailer Kalyan Jewellers India for INR12 billion (approximately US$195.6 million) and has led a INR1.85 billion (approximately US$30 million) financing round for India-based auto classifieds platform CarTrade.com, with participation from existing… Read More
Middle East-focused alternative asset manager Gulf Capital has closed its third private equity fund, GC Equity Partners Fund III, with US$750 million in commitments. Investors in the fund, which was oversubscribed, include sovereign wealth funds, pension funds, endowments, funds of funds, insurance companies, family offices and other institutional investors. Fund… Read More
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
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