Private equity and investment advisory firm CVC Capital Partners has agreed to acquire a majority stake in Hong Kong-based serviced office provider The Executive Centre, in partnership with the management team, from Asia-focused private equity firm Headland Capital Partners. Headland will retain a minority ownership in the business. The… Read More
Legend Capital, an independent venture capital unit of China-based conglomerate Legend Holdings, has reached a final close on its sixth USD-denominated fund, LC Fund VI, with US$500 million in capital commitments. Investors included Texas County & District Retirement System, which committed US$30 million to the fund. Read More
Private equity fund manager Promotora has invested in Colombia-based operations management provider Helppeople Software. The investment, which was structured through Promotora’s venture capital fund, will help the company to expand its operations internationally. Financial details of the transaction were not disclosed. Read More
Private equity firm Yunfeng Capital has reached a final close on its second fund, Yunfeng Fund II, with around US$1.1 billion in capital commitments. Investors in the fund included sovereign wealth funds and other global institutional investors. The fund will focus on China-based companies in the technology, media and… Read More
Frontier markets-focused private equity fund manager XSML has invested in Democratic Republic of the Congo-based digital printing business Quickprint. The company provides digital printing solutions for corporates, non-governmental organizations, small- and medium-sized enterprises and individuals. Quickprint intends to use the financing to purchase new printing machines. Financial details of… Read More
Enterprise Investors, a Central and Eastern Europe-focused private equity firm, will invest EUR10.5 million (approximately US$14.4 million) in the development of radiotherapy centers in Poland. The funds will primarily be used for the construction of a radiotherapy center for cancer patients, in conjunction with local hospital Tomaszów Health Center,… Read More
Pan-emerging markets private equity firm Actis has realized its investment in Egypt-based Commercial International Bank (CIB), selling its remaining 6.5 percent stake to Canada-based financial services holding company Fairfax Financial Holdings. Actis previously sold a 2.6 percent stake to international investors in March 2014. Financial details of the transaction… Read More
Private equity and investment advisory firm CVC Capital Partners has reached a final close on its fourth Asia Pacific-focused fund, CVC Capital Partners Asia Pacific IV, exceeding the fund’s target with US$3.5 billion in capital commitments. The fund aims to invest in businesses benefitting from increased domestic demand in… Read More
Southeast Asia-focused clean energy investor Armstrong Asset Management, in partnership with The Blue Circle, a renewable energy developer operating in the Mekong region (Vietnam, Thailand and Cambodia), has agreed to commit up to US$40 million in equity to fund the construction of wind and solar projects in Southeast Asia. Read More
Global private investment firm TPG Capital and Malaysian sovereign wealth fund Khazanah Nasional have together invested PHP5.8 billion (approximately US$132 million) in Philippines-listed housing developer 8990 Holdings. The two investors subscribed to 892 million shares in a follow-on offering that raised PHP9 billion (approximately US$204 million). They paid PHP6.50… Read More
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