Alternative asset fund manager CDH Investments has closed its fifth private equity fund, CDH China Fund V, with US$2.6 billion in capital commitments. The vehicle, which was originally targeting US$2 billion with a US$2.5 billion hard cap, was oversubscribed. Investors in the fund include pension funds, endowments and sovereign… Read More
Global alternative asset manager The Carlyle Group has sold its majority stake in India-based network security appliances company Cyberoam Technologies to global provider of IT security solutions Sophos. The transaction was structured through Carlyle’s affiliate First Carlyle Ventures Mauritius, which had acquired a majority stake in IT products and… Read More
Darby Private Equity, the private equity arm of Franklin Templeton Investments, ARX Equity Partners, a private equity investor focused on mid-sized companies in CEE, and food industry executive Gerard Lenihan have completed the buyout of Hungary-based manufacturer and bottler of nonalcoholic beverages Gramex 2000. The transaction was structured through… Read More
Global growth markets investor The Abraaj Group has sold a ten percent stake in Sri Lanka-based private tertiary care hospital Central Hospital to Asiri Hospital Holdings, both of which are owned by Asiri Group of Hospitals. The transaction was structured through The Abraaj Group’s Aureos South Asia Fund. Asiri… Read More
Verod Capital Management, a Nigeria-based private equity firm, has acquired a minority stake in South Africa-based upstream oil and gas business SacOil Holdings. SacOil intends to acquire and develop near production assets across Africa, building a portfolio while seeking partnerships with local and international oil and gas companies. Financial… Read More
Adenia Partners, a private equity fund manager focused on growth opportunities and mid-cap buyouts in the West Africa and Indian Ocean regions, has exited its investment in Mauritius-listed Ciel Textile (CTL), a textile manufacturing company active in Mauritius, Madagascar, India and Bangladesh. Adenia Partners, structured through Adenia Capital (II),… Read More
Syntaxis Capital, a provider of mezzanine financing in Central Europe, has completed an investment in Poland-based motor insurance broker BIK Brokers. The company, which acts as an intermediary between its clients and insurance providers, intends to use the investment to support its growth strategy. Financial details of the transaction… Read More
Global investment firm Kohlberg Kravis Roberts & Co. (KKR) has signed a deal to invest US$100 million in India-based Avantha Group, a business conglomerate with diverse interests ranging from pulp and paper to power transmission to food processing. KKR will subscribe to five-year callable securities issued by Avantha Holdings,… Read More
BaltCap, a private equity and venture capital investor in the Baltic States, has reached a first close on its latest fund, BaltCap Private Equity Fund II, with EUR50.6 million (approximately US$68.4 million) in capital commitments. The fund is targeting EUR100 million (approximately US$135.1 million) and will make equity investments… Read More
A fund managed by Ashmore Colombia, an Andean private equity investment manager and subsidiary of emerging market-focused investment manager Ashmore Group, has acquired an 85 percent interest in Colombia-based Compañía de Desarollo Aeropuerto Eldorado (Codad), the concessionaire of the two runways at El Dorado Airport in Bogotá, from international… Read More
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