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
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
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