Asia-focused private equity firm Navis Capital Partners has acquired a majority stake in Singapore-based Tri-Star Industries, a component manufacturer for the oil and gas sector, for between US$50 million and US$100 million. Navis and company management intend to consolidate Tri-Star's position in its core segments. The company specializes in… Read More
Linio, a Latin America-focused e-commerce company set up by venture capital firm Rocket Internet, has raised EUR58 million (approximately US$79 million) in new funding from United States-based alternative asset manager Northgate Capital and Access Industries, an industrial group founded by American industrialist Len Blavatnik. Linio sells products ranging from… Read More
Emerging markets-focused investment firm The Rohatyn Group (TRG) has sold its minority stake in Colombia-based natural gas transportation company Transportadora de Gas Internacional (TGI) to majority shareholder Colombia-listed energy holding company Empresa de Energia de Bogota for US$880 million. The transaction was structured through TRG Growth Fund II. TRG… Read More
Middle East-focused alternative investment firm Gulf Capital has invested US$30 million in United Arab Emirates-based private school and nursery operator Evolvence Knowledge Investments (EKI). The transaction was structured through Gulf Credit Partners. EKI intends to use the investment to expand its education platform across the region. Separately, Gulf Capital… Read More
Asia-Pacific-focused private equity investor Morgan Stanley Private Equity Asia (MSPEA) has closed its fourth Asian fund with approximately US$1.7 billion in capital commitments, surpassing its initial target of US$1.5 billion. Investors included Oregon Investment Council, Pennsylvania Public School Employees' Retirement System and the University of Michigan endowment. Fund IV… Read More
India-focused private equity firm Faering Capital has led a Series B financing round for India-based electronic payments provider TranServ. Early-stage investor Nirvana Venture Advisors also participated in the round. Faering Capital’s investment was structured through its Evolving India Fund. TranServ intends to use the funds to scale its operations,… Read More
ADM Capital, an investment firm focused on recovery, special situations and event-driven opportunities in emerging markets, has acquired a controlling stake in Kazakhstan-based movie theater operator Chaplin Cinemas. The transaction was structured through two funds managed by ADM: ADM Kazakhstan Capital Restructuring Fund and Kazakhstan Growth Fund. Chaplin Cinemas… Read More
Private equity firm Tar Heel Capital has acquired an 80 percent stake in Poland-based transportation systems producer Transsystem, a company declared bankrupt in August 2012, from the court-appointed receiver, along with the rights to the company’s brand. The transaction, which was structured through Tar Heel Capital II, was valued… Read More
Energy and infrastructure investor Equis Funds Group and investment company Runfar Investment Group have participated in a US$43 million financing round for China-based natural gas distributor Oriental Gas. Post-transaction, Equis and Runfar held a 47 percent stake and a 53 percent stake, respectively, in the company. Oriental Gas intends… Read More
Global private equity firm Warburg Pincus has invested US$50 million in a follow-on round for China-based logistics and courier services provider China ANE Logistics. Warburg Pincus had invested an undisclosed amount in the company earlier this year. China ANE Logistics owns 50 logistics centers and is involved in small… Read More
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