Global investment firm Kohlberg Kravis & Roberts (KKR), international alternative asset fund manager CDH China Management Company and China-based milk producer Modern Dairy have announced the formation of a joint venture designed to deliver raw milk to Chinese consumers. Under the agreement, KKR, CDH and Modern Dairy will invest… Read More
Global alternative asset manager Global Environment Fund (GEF) has invested INR750 million (approximately US$12 million) in India-based Rishabh Instruments, a manufacturer, designer and developer of measuring instruments and industrial control products. The transaction was structured through GEF’s South Asia Clean Energy Fund. Rishabh Instruments intends to use the new… Read More
Independent asset manager responsAbility Social Investments has picked up a minority stake in India-based biomass aggregator Punjab Renewable Energy Systems (PRES). The deal was structured through responsAbility Ventures I. PRES intends to use the capital injection for expansion into new locations in India and abroad. Financial details of the… Read More
Latin America-focused alternative investment company GP Investments has sold its remaining stake, which was held by GP Capital Partners (GPCP) IV, in Brazil-based education company Estácio Participações. GPCP IV sold all of its 22,064,215 shares at BRL17.61 each through a block trade, generating proceeds of BRL388.6 million (approximately US$172.8… Read More
India-focused private equity firm Blue River Capital has exited its 22.1 percent stake in India-based auto ancillary company Aurangabad Electricals for INR780 million (approximately US$12.3 million). Blue River Capital sold the stake back to Aurangabad Electricals, making a reported 2x return on the firm’s original March 2006 investment. In… Read More
BNDES Participações (BNDESPar), the investment arm of Brazilian development bank Banco Nacional de Desenvolvimento Economico e Social (BNDES), and private equity fund manager Mantiq Investimentos have approved a share subscription for BRL93.3 (approximately US$41.5 million) and BRL120 (approximately US$53.5 million), respectively, in Brazil-based designer, builder and operator of cogeneration… Read More
Indonesia-focused private equity firm Ancora Capital has held a final close on its second fund with US$128 million in capital commitments. The vehicle is currently 40 percent deployed, having made three investments since its launch in early 2011. The fund, which was originally targeting US$300 million, reached a first… Read More
Venture capital firm Sequoia Capital has led a US$15 million Series C financing round in China-based provider of app store analytics App Annie. Venture capital firms IDG Capital Partners, Greycroft Partners, e.ventures and Infinity Venture Partners also participated. The company intends to use the capital injection to expand the… Read More
Private equity fund manager Phatisa has concluded fundraising for its African Agriculture Fund (AAF), with US$243 million in total capital commitments. The fund will target agriculture and food production in Africa. Investors in the fund include development finance institutions, government agencies, commercial banks, fund-of-funds and private investors. Phatisa has… Read More
IDFC Alternatives, the alternative asset management vertical at IDFC, has reached the first close of its second infrastructure fund India Infrastructure II (IIF2) with US$644 million in capital commitments. There will also be a co-investment pool alongside the fund that includes IDFC dry powder of over US$900 million. IIF2,… Read More
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