AfricInvest Group, a private equity house focused on North and Sub-Saharan Africa, has invested a reported US$20 million in Nigeria-based oil and gas company Broron Oil & Gas. The transaction was structured through AfricInvest Fund II. Broron Oil & Gas provides offshore support to international oil companies in Nigeria… Read More
French dairy firm Groupe Lactalis has acquired a 100 percent stake in India-based dairy company Tirumala Milk Products for a reported US$250 million to US$300 million, allowing global alternative asset manager The Carlyle Group to exit its 26.4 percent stake in the company. The Carlyle Group originally invested US$22… Read More
South Korea-focused private equity firm IMM Private Equity has acquired a 21 percent stake in T-Broad Holdings, a South Korea-based cable operator, for KRW200 billion (approximately US$187 million). The transaction, which was structured through IIM’s second fund, RoseGold II, was made in two tranches: KRW100 billion (approximately US$93.5 million)… Read More
Life sciences-focused private equity and growth capital investor BVCF has led an RMB45 million (approximately US$7.4 million) Series A financing round for China-based Kunshan RiboQuark Pharmaceutical Technology, a clinical stage pharmaceutical joint venture between pharmaceutical developer Quark Pharmaceuticals and research and development company Ribo Life Science. SBI Incubation—a subsidiary… Read More
Asian Healthcare Fund, a private equity fund focused on India’s healthcare and life sciences sector, has led an INR500 million (approximately US$8 million) Series B funding round in India-based medical device manufacturer Forus Health. Two existing investors, venture capital firms Accel Partners and IDG Ventures India, also participated in… Read More
China-focused growth capital fund manager China New Enterprise Investment (CNEI) has invested an additional US$16.3 million in China-based leasing company Juxin International Leasing, increasing its stake to 19.1 percent. CNEI originally led a US$20 million Series B investment round for a 12.1 percent stake in the company in December… Read More
Global asset management company Black River Asset Management has increased its stake in Philippines-listed food processing and export company AgriNurture (ANI) from 28.1 percent to 30.9 percent with the acquisition of 15 million shares from Antonio L. Tiu, president and chairman of ANI. The transaction was structured through the… Read More
Chinese state-owned conglomerate Greenland Holding Group has raised a total of RMB11.7 billion (approximately US$1.9 billion) from five private equity investors by issuing 2.09 billion additional shares. The two largest investors were Shenzhen Ping An Innovation Capital, China Ping An Trust & Investment Company’s principal investment arm, which purchased… Read More
Global private equity firm Advent International and Brazil-focused private equity firm Alothon Group have signed a definitive agreement to sell Brazil-based industrial laundry company Atmosfera to Elis, a French linen rental and laundry services company. Atmosfera processes 95,000 tons of linen annually from eight plants. The acquisition will be… Read More
Private financial services group Swicorp has invested in Jordan-based health and fitness club management business Fitness House Company (Fitness One). The transaction was structured through Swicorp’s Intaj II vehicle. Fitness One owns and operates fitness centers, including six women-dedicated fitness centers, and “Vega” centers offering diving, rock climbing and… Read More
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