U.K.-based publishing and education company Pearson has agreed to acquire 100 percent of Brazil-based English-language training company Grupo Multi from the Brazilian Martins family, which holds a 78 percent stake, and alternative investment management firm Kinea Investimentos. The total transaction value will be around GBP440 million (approximately US$721 million). Read More
Southeast Asia-focused private equity firm KV Asia Capital has reached an agreement with India-based skin care company Marico Kaya Enterprises to acquire 100 percent of Marico’s subsidiary Singapore-based Derma-Rx International Aesthetics (DIAL). DIAL sells a line of skincare products under the brand Derma-Rx for conditions such as pigmentation disorders,… Read More
European private equity firm Montagu Private Equity has agreed to a sell a 100 percent stake in Poland-based Emitel, owner and operator of a nationwide network of tower infrastructure sites, to investment funds managed by infrastructure investment firm Alinda Capital Partners. Montagu, along with co-investors private equity firms Innova… Read More
Global growth markets investor The Abraaj Group will acquire an 80 percent stake in Turkey-based dairy products manufacturer Yörsan. A player in the domestic cheese and yogurt market, Yörsan products are exported to 17 countries including the U.S. and Japan. Financial details of the transaction, which is subject to… Read More
Saudi Arabia-based engineering firm SaudConsult and BPE Power and BPE Investments, two investment funds managed by Beltone Private Equity (BPE), an affiliate of Egypt-based Beltone Financial Holding, have concluded an agreement to acquire 40 percent of Egypt-based Power Generation Engineering and Services Company (PGESCo), a provider of engineering, procurement,… Read More
ICICI Venture, the alternative asset management arm of ICICI Bank, has acquired a significant stake in India-based supplier of ATM and point of sales (POS) deployment and managed services BTI Payments for INR1.4 billion (approximately US$22.4 million). The company intends to use the capital injection to enter the White… Read More
Infra Invest, a management company for investment funds specializing in infrastructure projects in Africa and a subsidiary of asset manager RMA Capital, has announced the acquisition of a 20 percent ownership position in Morocco-based Mass Céréales Al Maghreb, a subsidiary of the family-owned conglomerate Holmarcom Group. The transaction was… Read More
European private equity firm 21 Partners has held a first close on mid-market fund 21 Concordia with EUR60 million (approximately US$81 million) in capital commitments. Investors include development finance institutions European Investment Fund (EIF) and European Bank for Reconstruction and Development, as well as Polish Growth Fund of Funds,… Read More
Mediterrània Capital Partners, a division of the Spanish financial group Riva y Garcia, has announced the first closing of Mediterrània Capital II with EUR90 million (approximately US$122 million) in capital commitments. Investors include development finance institutions International Finance Corporation, European Investment Bank and European Bank for Reconstruction and Development. Read More
Mezzanine-focused private equity fund manager Vantage Capital Group has launched a renewable energy debt fund, The Vantage GreenX Fund, with ZAR2.2 billion (approximately US$215 million) in capital commitments. Investors include a number of South African pension funds. The Vantage GreenX Fund will invest in the senior debt of projects… Read More
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