Adenia Partners, a private equity fund manager focused on West Africa and the Indian Ocean region, has acquired Mauritius-based Mauvilac, a paint, coatings and chemical products manufacturer and marketer, from the company’s founders and other Mauritian shareholders. The transaction was structured through Adenia Capital (III), a US$125 million fund that… Read More
Private equity firms AIF Capital and New Asia Partners have led a US$15 million Series B financing round for Vietnam-based restaurant operator Huy Vietnam Group. AIF Capital’s investment was structured through AIF Capital Asia IV. Investment management firm Fortress Capital Asset Management also participated in the round. Huy Vietnam intends… Read More
Frontier markets-focused private equity fund manager XSML has invested in Democratic Republic of the Congo-based meat processing company Manoah Investments. The transaction was structured through XSML’s Central Africa SME Fund. The capital will be used to develop plots of land for residential use in Lubumbashi. Financial details of the transaction… Read More
China-focused private equity and venture capital firm Tiantu Capital has reached a first close on its debut USD-denominated fund, Tiantu China Consumer Fund I, with US$63 million in capital commitments. The vehicle received US$38 million in commitments from family offices and funds of funds in Asia and the United States,… Read More
Vital Capital Fund, an impact investing fund primarily focused on Sub-Saharan Africa, has closed a US$16.6 million equity investment in Angola-based medical clinic Luanda Medical Center (LMC). Vital Capital’s investment was made in conjunction with a US$9.8 million loan from the Overseas Private Investment Corporation (OPIC). LMC, which will begin… Read More
Family office fund manager Península has acquired a six percent stake in Brazil-based higher education company Anima Educação from BR Educacional, a fund managed by alternative asset management firm Bozano Investimentos, for BRL144 million (approximately US$60 million). BR Educacional continues to hold a four percent stake in the company. Read More
Middle East-focused alternative investment firm Gulf Capital has completed the acquisition of a minority stake in Egypt-listed glass bottle supplier Middle East Glass Manufacturing (MEG). MEG is a glass container manufacturer and producer of bottles for the carbonated soft drink sector. Financial details of the transaction were not disclosed. Read More
Global investment and advisory firm The Blackstone Group has invested in China-based Xinrong Best Medical Instrument, a manufacturer of orthopedic implants for trauma, spine and joint applications. The transaction was reported to be worth around US$100 million. The company intends to use the capital to upgrade Xinrong’s management and increase… Read More
Investment management company Dymon Asia Private Equity has invested SGD10 million (approximately US$7.9 million) in Singapore-based preschool operator Nurture Education Group. Nurture has been operating in Singapore for 15 years and has three chains of infant care, preschool and student care centers. Dymon previously invested SGD6 million (approximately US$4.7 million)… Read More
China-based car rental company CAR, which is backed by global private equity firm Warburg Pincus, listed on the Hong Kong Stock Exchange on 19 September. CAR, which raised US$468 million after pricing its IPO at the top end of its price range, increased the retail portion from ten percent to… Read More
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