European venture capital firm Earlybird Venture Capital has held a first close on its latest early-stage fund, Earlybird Digital East Fund (EDEF), with US$110 million in capital commitments. The fund, which is targeting US$130 million, will invest in consumer internet, mobile and enterprise technology companies originating from Turkey and… Read More
Global alternative asset manager The Carlyle Group has raised around US$285 million after selling part of its stake in Hong Kong-listed appliance maker Haier Electronics Group. Carlyle sold 100 million shares, by way of a block trade, at HKD22.10 (approximately US$2.85) a piece. In August 2011, Carlyle, structured through… Read More
ChrysCapital, an investment firm that focuses on growth sectors in India, has sold more than a two percent stake in India-listed technology company HCL Technologies for INR15 billion (approximately US$244 million) to INR18 billion (approximately US$293 million). ChrysCapital, whose remaining stake is valued at nearly INR17 billion (approximately US$277… Read More
Rwanda-based coffee producer KZ Noir, which is owned by Kaizen Venture Partners, a Sub-Saharan Africa-focused private equity firm, has closed a US$1.5 million mezzanine debt facility with impact investor Grassroots Business Fund, and a US$1.2 million convertible debt investment with impact investor Acumen. KZ Noir is a coffee processing… Read More
TPG Growth, the middle market and growth equity platform of global private investment firm TPG, has sold around a quarter of its stake in India-based clean energy producer Greenko Group, which is listed on London’s Alternative Investment Market (AIM). Over the last six months, TPG Growth sold a little… Read More
Global investment firm Kohlberg Kravis Roberts & Co. (KKR) and Asia-focused private equity firm Affinity Equity Partners have entered into an agreement with brewing company Anheuser-Busch InBev (AB InBev) whereby AB InBev will reacquire Oriental Brewery, a South Korea-based brewery, from KKR and Affinity for US$5.8 billion. This agreement… Read More
Private equity firm Aureos Capital has agreed to sell its 21.3 percent interest in Philippines-listed restaurant chain Pancake House to restaurant conglomerate Max’s Group of Companies. The transaction will be structured through Aureos Southeast Asia Fund and Aureos Malaysia Fund. Max’s Group will also acquire a 55.4 percent stake… Read More
International private equity firm Centurion Resource Group has acquired a 75 percent stake in a copper asset located in the Karagandy region of Kazakhstan. The copper project has a projected deposit of 153 million tons of mineral resource, with gold grades also found on the property. Financial details of… Read More
Victoria Capital Partners, a South America-focused private equity firm, has reached an agreement to acquire a minority stake in Colombia-based industrial group Organización Corona. The group, which includes Colcerámica, Sumicol, Nexentia, Erecos, Locería Colombiana, Gamma and Almacenes Corona, intends to accelerate the growth and development of various industrial businesses… Read More
Mezzanine-focused private equity fund manager Vantage Capital Group will provide ZAR175 million (approximately US$16 million) of mezzanine funding to South Africa-based Mabele Fuels for the construction and operation of a sorghum-to-bioethanol plant. The transaction will be structured through Vantage’s Fund II. In addition, Standard Bank and Eskom Pension and… Read More
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