Global alternative asset manager The Carlyle Group has entered into a definitive agreement to sell its 30 percent stake in Saudi Arabia-based lighting fixture manufacturer General Lighting Company (GLC) to diversified health company Royal Philips. This is part of a larger transaction in which Philips has agreed to acquire… Read More
Enterprise Investors has purchased a 32.8 percent stake in Estonia-based watersports company Tahe Outdoors for EUR3.4 million (approximately US$4.7 million). The transaction was structured through Enterprise Venture Fund I. Tahe Outdoors offers kayaks, canoes, paddles and related accessories under five brands. Read More
United Arab Emirates-based oil service vessel operator Gulf Marine Services (GMS), which is backed by alternative investment firm Gulf Capital, has debuted on the London Stock Exchange. The company priced its initial public offering at the bottom of a range it had offered investors, giving it a market capitalization… Read More
Private equity fund manager Kerogen Capital has invested AUD30 million (approximately US$27 million) in Twinza Oil, a company with oil and gas interests in Australia, Papua New Guinea and Thailand. The deal was structured as a new share subscription and gave Kerogen up to a 29 percent stake in… Read More
China-focused private equity firm HAO Capital has sold its remaining 7.6 percent stake in Hong Kong-listed PAX Global Technology, an electronic fund transfer point-of-sale terminal supplier, for US$44 million. HAO’s realized proceeds total US$142 million on an original investment of US$30 million, bringing the gross multiple for the entire… Read More
Alternative asset management firm Duet Group, through the creation of Duet Consumer West Africa Holdings (DCWA), has invested US$50 million to take controlling stakes in two Ghana-based companies: Shop N Save, a supermarket joint-venture with the founders of raw and processed agri-commodities distributor Finatrade Group, and GNFoods, a food… Read More
Alternative investment management firm Kinea Investimentos has agreed to purchase a 20 percent stake in Brazil-based clothing store Lojas Avenida for BRL200 million (approximately US$84.5 million). Kinea has the option to double this stake within five years. Lojas Avenida operates 105 stores in various Brazilian cities and intends to… Read More
Private equity firm L Capital Asia, which is backed by LVMH Moët Hennessy Louis Vuitton, has acquired a majority stake in restaurant, club and lounge operator Ku Dé Ta Group, best known for its location in Singapore. The company, which recently opened a new location in Thailand and has… Read More
Global private markets asset management firm Hamilton Lane has reached a final close on its Brazil-dedicated fund of funds, HL Brazil FIQFIP, with BRL150 million (approximately US$63.7 million) in capital commitments. Investors in the fund include Brazilian pension funds, multi-family offices and financial institutions. At the time of closing,… Read More
Emerging Capital Partners (ECP), a private equity firm focused on growth capital investing in Africa, has acquired a 33 percent stake in Atlas Bottling Corporation (ABC), the PepsiCo bottler of carbonated soft drinks in Algeria, as part of a US$80 million investment plan. The transaction involved a mix of… Read More
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