Singapore’s sovereign wealth fund GIC and private equity firm Olympus Capital Asia have led a US$106 million investment in China-based milk producer Huaxia Dairy Farm. GIC and Olympus Capital Asia invested US$70 million and US$30 million, respectively, with the remaining US$6 million coming from other existing shareholders, including venture… Read More
China-based pharmaceutical manufacturer Luye Pharma Group, which is backed by China-focused private equity firms CDH China Management Company, CITIC Private Equity Funds Management and New Horizon Capital, has raised US$764 million in an initial public offering. The company priced its offering at the high end of its indicative price… Read More
A consortium led by the private equity arm of Goldman Sachs is buying about a 68 percent stake in South Korea-based industrial gas business Daesung Industrial Gases for US$400 million. Other investors include Lee Min-Joo, former chairman of cable TV provider C&M. As part of the deal, Daesung will… Read More
Global private equity firm Advent International has signed an agreement to sell Poland-based debt management company Ultimo to Norway-based specialty finance company B2Holding. In 2006, Advent acquired Ultimo in a secondary buyout from AIG Capital Partners, the private equity investment arm of insurance and financial services firm American International… Read More
Private equity fund manager Ethos Private Equity, South Africa-based asset manager Public Investment Corporation (PIC) and private equity firm Development Partners International (DPI) have acquired around an 80 percent stake in South Africa-based parcel distribution company RTT from investors Actis, Rand Merchant Bank and Old Mutual. Ethos’s investment was… Read More
Param Mitra Coal Resources, which owns two operating coal mines in Indonesia, has secured a US$7.5 million investment from private equity investor Tembusu Partners. The transaction was structured through Tembusu’s Growth Fund II. This is part of a US$20 million financing round underwritten by The Islamic Bank of Asia,… Read More
Amethis Finance, a fund manager that provides debt and equity financing to companies in Africa, has reached a final close on its first Africa-dedicated fund with US$530 million in capital commitments. Fifty-five investors committed to the fund, including European, American and African institutions, as well as entrepreneurs and family… Read More
Venture capital firm Venture Partners Mexico has reached a first close of its second fund, Venture Innovation Fund II. Investors included United States-based fund of funds Northgate Capital. The Mexico-focused fund will target early-stage investments in the health care, financial services and consumer internet sectors. Financial details were not… Read More
India-based dairy foods company Milk Mantra has raised INR800 million (approximately US$13.3 million) in a Series C financing round led by Fidelity Growth Partners India, the India-focused private equity arm of Fidelity Worldwide Investment. Early-stage investor Aavishkaar also participated in the round through its fund Aavishkaar India II. The… Read More
Private equity firm ICICI Venture has acquired a 28 percent stake in India-based hospital operator Krishna Institute of Medical Sciences (KIMS Hospitals) for INR2.2 billion (approximately US$36 million). The transaction, which was structured through ICICI Venture’s Advantage Fund Series 3, involved a fresh infusion of capital, as well as… Read More
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