China-based financial asset manager China Huarong Asset Management has signed an agreement with a consortium of investors, including private equity firm Warburg Pincus, to issue new shares amounting to a total of RMB14.5 billion (approximately US$2.4 billion), representing a 21 percent stake. China Huarong intends to make a public offering… Read More
ACO Investment Group, an infrastructure-focused alternative investment manager, has signed an agreement with the Burma Ministry for Electric Power to develop two 150MW solar energy plants in Myanmar. The project is valued at US$480 million. The plants are expected to account for ten percent to 12 percent of Myanmar’s power… Read More
Global private equity firm Advent International has agreed to invest in Brazil-based Cataratas do Iguaçu, a concessionaire of services at Brazil’s national parks. The company intends to use the capital to improve Cataratas’s services and operations, and expand into additional parks and tourism-related businesses in Brazil. Financial details of the… Read More
India-based Snowman Logistics, a cold chain service provider backed by venture capital firm Norwest Venture Partners, is aiming to raise up to INR1.97 billion (approximately US$32.5 million) after launching its initial public offering last week. Anchor investors, including private equity firm Faering Capital and several hedge funds, subscribed to 9.45… Read More
Global investment firm KKR & Co. has signed an agreement to acquire an 18 percent stake in Shenzhen-listed chicken meat producer Fujian Sunner Development for approximately US$400 million. Sunner operates as a breeder, processor and supplier of chicken products, providing fresh and frozen chicken to China's fast food and food manufacturing… Read More
Global infrastructure investor Global Infrastructure Partners (GIP) has sold its 50 percent stake in Argentina-based container terminal and logistics company International Trade Logistics (ITL), which includes the Buenos Aires-based container terminal Exolgan, to Terminal Investment (TIL). TIL is a terminal operator controlled by shipping line Mediterranean Shipping Company. In 2008,… Read More
Private equity firms SAIF Partners and Aditya Birla Private Equity have invested just over INR700 million (approximately US$11.6 million) in a financing round for India-based juice manufacturing and marketing company Manpasand Beverages. The transaction valued the company at INR10 billion (approximately US$165 million). Post-investment, SAIF Partners and Aditya Birla Private… Read More
ARX Equity Partners, a lower mid-market buyout firm focused on Central and Eastern Europe, has acquired Poland-based window cover and component manufacturer Anwis Polska along with business executive Jacek Gromniak, the company’s newly appointed CEO. The transaction was structured through ARX CEE III. ARX and Gromniak plan to grow the… Read More
Asia-focused investment group Orchid Asia has reached a first and final close on its sixth China-focused growth capital fund, Orchid Asia VI, with US$920 million in capital commitments, hitting the fund’s hard cap. Fund VI, which was originally targeting US$750 million, was oversubscribed with reported interest of more than US$1.3… Read More
Creador, a private equity firm focused on growth investments in Indonesia, Malaysia, Singapore and India, has reached a final close on its second fund, Creador II, with US$300 million in capital commitments, hitting the fund’s hard cap. Investors included fund of funds Siguler Guff & Company, a Malaysian pension fund… Read More
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