Global investment firm KKR has sold its remaining stake in China-based milk producer China Modern Dairy Holdings for approximately US$80 million. KKR and private equity firm CDH Investments previously made partial exits when Modern Dairy went public in Hong Kong in 2010, raising HKD3.5 billion (approximately US$451 million). In 2013,… Read More
Singaporean sovereign wealth fund Temasek has received regulatory approval from the Competition Commission of India to acquire a ten percent stake in India-based pharmaceutical formulation development company Intas Pharmaceuticals from India-focused investment firm ChrysCapital. ChrysCapital, which holds a 16.8 percent stake in the company, had previously invested INR3.53 billion (approximately… Read More
Early stage venture capital firm Alta Ventures Mexico and Capital Emprendedor, a community that supports entrepreneurs, have invested US$1.7 million in Mexico-based peer-to-peer lending platform kubo.financiero. Founded in 2012, kubo.financiero links potential borrowers with investors through an online platform… Read More
Agriculture-focused private equity firm Injaro Investments has reached a final close on Injaro Agricultural Capital Holdings, its West Africa-focused impact-oriented fund, with total capital commitments of US$49 million. Final closing commitments of US$15 million, US$10 million and US$7 million were received from development finance institutions CDC, via its DFID Impact… Read More
Mexico-based private equity firm Nexxus Capital, along with a group of co-investors, has invested in three local restaurant chains: Mexican food chain El Farolito, taco chain Taco Inn, and yogurt ice cream chain Nuny’s Yogurt. The transactions were structured through Taco Holding, a portfolio company of Nexxus Capital IV Trust… Read More
China-focused private equity firm Hony Capital has agreed to acquire a 12.4 percent stake in Hong Kong-listed hotel company Shanghai Jin Jiang International Hotels Development for RMB15 billion (approximately US$243 million). Hony will buy 100 million shares in Shanghai Jin Jiang at RMB15 (approximately US$2.43) apiece. The price represents… Read More
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
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