Vantage Risk Capital, a subsidiary of private equity fund manager Vantage Capital Group, has provided ZAR90 million (approximately US$8.7 million) in mezzanine debt funding for the 100 percent acquisition of Reatile Timrite (Timrite), a South Africa-based supplier of mining support products, by African investment management firm Thebe Investment Corporation… Read More
Southeast Asia-focused clean energy investor Armstrong Asset Management has reached a US$130 million third close on its Armstrong South East Asia Clean Energy Fund. Investors in the third close include International Finance Corporation (IFC), IFC Asset Management Company’s IFC Catalyst Fund, the Netherlands Development Finance Company (FMO) and the… Read More
Global alternative asset manager The Carlyle Group and investment management services provider The Townsend Group have announced a partnership with China-based warehouse developer Shanghai Yupei Group to invest in 17 warehouses in China. The Carlyle Group, structured through Carlyle Asia Real Estate, and The Townsend Group will commit approximately… Read More
Creador, a private equity firm focused on growth investments in Indonesia, Malaysia, Singapore and India, held a US$105 million first close on its second fund with capital commitments coming largely from existing LPs. Expecting to close in early 2014, Creador’s Fund II is targeting US$250 million and will focus… Read More
L Capital Asia, the Asian private equity business sponsored by global luxury goods distributor LVMH Group, LVMH’s chairman and chief executive officer Bernard Arnault’s holding company Groupe Arnault and Malaysian conglomerate YTL, has made a first and final close on its second fund at US$950 million, reaching the fund’s… Read More
Venture capital firms Runa Capital and Frontier Ventures and Intel Capital, the venture capital and private equity arm of Intel Corporation, have invested US$12 million in Russia-based Eruditor Group, provider of an online platform that connects customers with private professionals such as doctors, tutors or beauticians. This is the… Read More
Beltone Private Equity (BPE), an affiliate of Egypt-based Beltone Financial Holding, recently acquired a stake in Total Egypt, the Egyptian subsidiary of French oil company Total. Total and BPE-managed funds Beltone Capital and BPE Energy will jointly acquire global energy provider Chevron’s Egypt-based retail and aviation businesses, including 66… Read More
Global private investment firm TPG has agreed to invest US$108.6 million in China-based residential real estate developer Xinyuan Real Estate for about a 20 percent stake. Through the transaction, TPG will purchase convertible notes worth US$75.8 million and common shares worth US$32.9 million. Xinyuan intends to use the capital… Read More
Global private investment firm TPG has acquired a 22.7 percent stake in India-based non-banking financial services company (NBFC) Shriram City Union Finance. The transaction, which was structured through TPG India Investment I, involved the merger of Shriram Enterprise Holdings with Shriram Retail Holdings, and the subsequent merger of the… Read More
Global financial institution ING has reached an agreement to sell ING Life Korea, its wholly owned life insurance business in South Korea, to North Asia-focused private equity firm MBK Partners for a total purchase price of about KRW1.8 trillion (approximately US$1.6 billion). Of the total purchase price, MBK will… Read More
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