Tata Capital, the private equity arm of the Indian conglomerate Tata Group, has invested in three separate India-based companies: television services operator Tata Sky, financial products and services distributor IFMR Rural Channels and Services (IRCS) and personalized cancer care and rational drug developer Mitra Biotech. In the largest of… Read More
Pan-African private equity firm Helios Investment Partners will invest US$100 million in Mauritius-listed Bayport Management (BML), provider of unsecured credit and other financial solutions in Africa and Latin America. BML will use the funding to partially finance its acquisition of Bayport Financial Services South Africa (BFS) from financial services… Read More
India-focused private equity fund manager IL&FS Investment Managers Limited (IIML) is selling its stake in India-based laundry business Jyothy Fabricare Services. Jyothy’s board has approved the acquisition of 3.3 million Compulsorily Convertible Cumulative Participatory Preference Shares (CCCPPS) at INR10 (approximately US$0.16) each and 50,000 equity shares from the private… Read More
Brazil-focused alternative investment and asset management firm Vinci Partners and P2 Brasil, a partnership of Pátria Investimentos and Promon, have signed a deal to buy Brazil-based offshore shipping company Companhia Brasileira de Offshore (CBO) and shipyard Estaleiro Aliança, both previously controlled by Fischer group, a multinational Brazilian company involved… Read More
Pan-emerging markets private equity firm Actis has announced a US$48 million investment for a significant stake in India-based Symbiotec Pharmalab, producer of steroid-hormone active pharmaceutical ingredients. Symbiotec, which produces active ingredients for medicine manufacturers, intends to use the new financing for company growth. Read More
Russia-based credit card company Tinkoff Credit Systems (TCS), backed by Russia and CIS-focused private equity firm Baring Vostok, has raised US$1.1 billion in an oversubscribed London initial public offering. The final pricing gave the company a valuation of US$3.2 billion. As part of its IPO, TCS raised US$175 million… Read More
South Korea-based train manufacturer Hyundai Rotem, which is backed by Asia Pacific private equity investor Morgan Stanley Private Equity Asia (MSPEA), has raised KRW622.4 billion (approximately US$584.4 million) in an initial public offering on the Korea Exchange. The offering of 27.1 million shares, including six million shares owned by… Read More
Global growth markets investor The Abraaj Group has acquired a majority stake in Ghana Home Loans, provider of residential mortgages in Ghana. The company intends to use the new financing to scale and consolidate the business’ market position, increase operational efficiency and broaden its portfolio. Financial details of the… Read More
Global private investment firm TPG has agreed to buy a 12.2 percent stake in China-based satellite television operator Phoenix Satellite Television Holdings from United States-based media corporation 21st Century Fox for HKD1.7 billion (approximately US$214 million). TPG will buy 607 million shares in Phoenix at HKD2.73 per share, representing… Read More
ADM Capital, an investment firm focused primarily on recovery, special situations and event-driven opportunities in emerging markets, has partnered with distressed debt and special situations investment manager Altus Capital Partners to invest in Kormasinc, a special purpose company set up to acquire Philippines-based agri-feeds producer Vitarich’s long term secured… Read More
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