Pan-emerging markets private equity firm Actis has acquired a 60 percent stake in Brazil-based renewable energy platform Atlantic Energias Renovaveis for an initial commitment of US$169 million. Actis, which expects to invest a further US$100 million over the next five years, joins existing shareholders Pattac and Servinoga, infrastructure investors… Read More
Venture firm Matrix Partners India has picked up a significant minority stake in India-based cardiac care provider Meditrina Hospitals for INR410 million (approximately US$6.2 million), representing the company’s first round of institutional funding. Meditrina Hospitals currently operates four units focused on interventional cardiology in South and Central Kerala. It… Read More
India-focused private equity firm Ascent Capital is investing up to INR1 billion (approximately US$15 million) in medical equipment manufacturer Skanray Technologies. The transaction will take place in various tranches. Skanray aims to reach sales of INR3 billion (approximately US$45 million) by 2015 and is planning to set up units… Read More
Darby Private Equity, the private equity arm of Franklin Templeton Investments, has made a significant investment in Ecuador-based Cobis Systems Corporation, provider of software and services to financial institutions. Details of the transaction, which was structured through Darby ProBanco Fund II, were not disclosed. Corbis intends to use the… Read More
Latin America-focused private equity firm Southern Cross has acquired a 70 percent stake in Brazil-based construction and industrial equipment leasing firm Solaris for a reported BRL220 million (approximately US$92.3 million). Solaris, which is controlled by the Argentinian group Sullair, intends to use the new capital to double its size… Read More
Africa-focused private equity firm Development Partners International (DPI) has held a first close on its second buyout fund at US$250 million, with a final target of US$500 million. Investors in the fund include the United States’ Overseas Private Investment Corporation, which will commit up to US$150 million. African Development… Read More
Myanmar-focused investment and advisory group Anthem Asia has invested US$1 million in Myanmar-based office services provider Hintha Business Centres (HBC). HBC runs serviced offices in Yangon, with 13 private offices available to rent on a weekly or monthly basis. It intends to use the new funding to develop its… Read More
Quadria Capital, an Asian healthcare sector-focused private equity group, has announced the first close of its second fund, Quadria Capital Fund, with total capital commitments of US$107 million. The fund is focused on growth equity investments in mid-sized healthcare companies in South and Southeast Asia. Investors included development finance… Read More
Pan-emerging markets private equity firm Actis has bought the general lighting business of India-based automotive and general lamp manufacturer Halonix for INR1.6 billion (approximately US$23.9 million). As part of the deal, Halonix transferred its general lighting business, which manufactures and sells compact fluorescent lamps, luminaires and LED technology-based lighting… Read More
Global alternative asset manager The Carlyle Group has teamed up with insurance and financial services holding company Ping An Insurance Company of China and Franco-Chinese management company Cathay Capital Private Equity to participate in a RMB300 million (approximately US$48.6 million) Series B investment round in Health 100, a China-based… Read More
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