Pan-emerging markets private equity firm Actis and development finance institution CDC Group have completed the sale of Actis DB Holdings, a company that holds shares in Nigeria-based financial institution Diamond Bank, to investment company Kunoch Holdings. Actis DB Holdings currently holds 14.8 percent of the issued share capital of Diamond… Read More
Private equity firm Nordic Capital has signed an agreement to acquire Czech Republic-based industrial maintenance outsourcing services provider ABB Full Service from Switzerland-based power and automation technology company ABB Group. The transaction will be structured through Nordic Capital Fund VIII. ABB Full Service operates in 30 countries around the world… Read More
L Capital Asia, the private equity fund sponsored by global luxury goods distributor LVMH Group, Groupe Arnault and YTL, will invest up to US$80 million in South Korea-based talent agency YG Entertainment. L Capital Asia will invest KRW61 billion (approximately US$60 million) in new preferred shares of YG and is… Read More
Emerging markets investor Standard Chartered Private Equity has acquired a 9.8 percent stake in United Arab Emirates-based offshore support vessel company Topaz Energy and Marine for US$75 million. Topaz intends to use the funds to support its long-term fleet expansion in its core operational regions and for further geographical diversification. Read More
China-focused private equity firm Hony Capital has acquired a 20 percent stake in China-based farm machinery manufacturer Chery Heavy Industry for RMB696 million (approximately US$113 million). The investment is part of a US$340 million joint acquisition with Hony's portfolio company Zoomlion Heavy Industry Science and Technology, a China-based construction equipment… Read More
Global private equity firm Warburg Pincus and China-based industrial gas producer Shanghai Baosteel Gases have reached an agreement to acquire the industrial gas assets of China-based chemical producer Henan Jinkai Chemical Investment Holding Group for RMB3 billion (approximately US$488 million). This transaction comes under the umbrella of a newly formed… Read More
Alternative asset investor Brookfield Asset Management has completed the acquisition of a 26.5 percent stake in Brazil-based iron ore mining company Vale’s cargo transportation division, VLI, from Vale. The transaction, which was announced in December 2013, is valued at BRL2 billion (approximately US$971 million). Vale also sold a 20 percent… Read More
CITIC Capital Partners, the private equity arm of alternative investment management and advisory firm CITIC Capital Holdings, has purchased a controlling stake in China-based mattress retailer King Koil Shanghai Sleep System. The transaction was structured through CITIC Capital China Partners II. The company intends to use the investment to strengthen… Read More
CDH Venture, a venture capital team under the umbrella of alternative asset fund manager CDH Investments, and Fosun Venture Capital Investment, Fosun Group’s venture capital arm, have invested RMB100 million (approximately US$16 million) in a Series B financing round for China-based online travel service provider Lailaihui. CDH previously participated in… Read More
Private equity firm Samara Capital has acquired a 45 percent stake in Iron Mountain India, a provider of storage and information management services, from its New York Stock Exchange-listed parent Iron Mountain. Iron Mountain’s India business started in 2006 through a joint operation with India-based information storage companies Mody Access… Read More
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