NBK Capital, an alternative investment firm focused on growth capital in middle market companies throughout the MENA region, has reached a first close on its second private equity fund, NBK Capital Equity Partners Fund II, with US$217 million in capital commitments. The fund will continue the firm’s strategy of… Read More
Vietnam-focused private equity firm Mekong Capital has exited its investments in three Vietnam-based technology companies: Ngo Han, MK Smart and Digiworld. Last month, Mekong Capital sold its entire 29.7 percent stake worth VND101.2 billion (approximately US$4.8 million) in magnet wire producer Ngo Han to the company’s Chairwoman Ngo Thi… Read More
Darby Overseas Investments, the private equity arm of Franklin Templeton Investments, has exited its investment in India-based active pharmaceutical ingredients manufacturer Symbiotec Pharmalab to pan-emerging markets private equity firm Actis. Last month, Actis invested US$48 million for a significant minority stake in the company and has subsequently increased its… Read More
Global investment and advisory firm The Blackstone Group and investment banking service provider ICBC International have purchased a 40 percent and a six percent stake, respectively, in China-based mall developer and operator SCP Company. Blackstone’s investment, which was structured through Blackstone Real Estate Partners Asia, is reported to be… Read More
Two China-based companies, online marketplace 58.com and travel website Qunar, have listed on the New York Stock Exchange (NYSE) and NASDAQ , respectively. 58.com, which is backed by global private equity firm Warburg Pincus, Asia-focused private equity firm SAIF Partners and early stage venture capital firm DCM, raised US$187… Read More
The private equity arm of Goldman Sachs has exited its investment in India-listed IL&FS Transportation Networks, a subsidiary of IL&FS that develops and manages toll roads. Goldman Sachs, through GS Strategic Investments, sold a 1.3 percent stake, or around 2.6 million shares, on 31 October on the National Stock… Read More
China New Enterprise Investment (CNEI), a China-focused growth capital fund manager, has invested US$25.4 million in China-based biopharmaceutical company Shanghai Fudan-Zhangjiang Bio-Pharmaceutical (FDZJ). CNEI completed the transaction in two steps, investing US$21 million earlier this year and an additional US$4.4 million in October. The firm acquired a 17 percent… Read More
Global growth markets investor The Abraaj Group has announced its full exit from Tunisia-based pharmaceutical company Opalia Pharma. The Abraaj Group, which originally invested in Opalia in 2009, sold its entire stake to Italy-listed Recordati, an international pharmaceutical company. In addition to The Abraaj Group’s stake, Recordati has agreed… Read More
Asia-focused buyout fund manager Affinity Equity Partners has invested US$123 million in a dairy farming joint venture with Chinese state-owned enterprise (SOE) Beijing Capital Agribusiness Group, also known as Sunlon. Sunlon will spin-out its dairy farming operation into the joint venture, taking a 60 percent stake to Affinity’s 40… Read More
Global microfinance private equity investor Bamboo Finance has exited from its investment in TenGer Financial Group, the holding company of Mongolia-based banking institution XacBank, in a sale to a group of investors led by Japan-based leasing company ORIX Corporation. XacBank operates in all of Mongolia’s 21 provinces and the… Read More
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