Alternative investment management and advisory firm CITIC Capital has announced the final close of CITIC Capital Venture Partners at US$113 million. The fund targets high-growth small- to medium-sized enterprises, with a focus on sectors such as clean technology, consumer goods and services and IT. Investors in the fund include… Read More
GP Investments, an alternative investment firm in Latin America, has announced a BRL70 million (approximately US$31 million) investment in Brazilian beauty institute chain Cor do Brasil (Beleza Natural) for a 33 percent stake. Beleza Natural, which provides products and services for curly hair, currently operates 13 stores in three… Read More
Shareholders of New York-listed Chinese dairy company Feihe International have voted in favor of a private equity-backed management buyout valued at US$147 million by a consortium that includes Asia Pacific private equity investor Morgan Stanley Private Equity Asia (MSPEA) and the company’s chairman Leng You-Bin. The buyers will pay… Read More
CDH Investments, a China-based alternative asset fund manager, has agreed to invest US$97.4 million in Hong Kong-listed automotive aftersales service provider New Focus Auto Tech Holdings (NFA) through a subscription to ordinary shares and convertible bonds. Upon full conversion, CDH will own 63.2 percent of the company. The investment… Read More
South Africa-based Lereko Metier Capital Growth Fund (LMCGF), which focuses on mid-cap buyout and growth opportunities in Southern Africa, has acquired South Africa-based Institute of Marketing Management (IMM) Group. In partnership with Dutch development bank FMO and South African investment manager Ke Nako Capital, LMCGF has agreed to commit… Read More
Chinese economy hotel chain 7 Days Group Holdings is set to be privatized after shareholders voted in favor of a private equity-backed management buyout that values the company at around US$688 million. The buyer consortium, including global alternative asset manager The Carlyle Group, private equity and venture capital firm… Read More
Mexico-based private equity firm Nexxus Capital has raised its sixth fund, Nexxus Capital VI, with commitments of approximately US$430 million. The fund is split into two vehicles to separately accommodate commitments from international investors and domestic pension funds. Nexxus Capital intends to invest in middle market growth companies in… Read More
Central and Eastern Europe-focused private equity capital fund management firm Bancroft Private Equity has invested in Tatilsepeti.com, an online Turkish tourism company. The transaction was structured through Bancroft 3. Tatilsepeti.com claims over 18 million annual visitors, and hopes to rank among the major international tourism portals. Financial details of… Read More
The U.S. Agency for International Development (USAID), global growth market investor The Abraaj Group and Pakistan-based asset manager JS Private Equity Management have announced the Pakistan Private Investment Initiative, which will launch two new private equity funds focused solely on investing in Pakistan’s small- and medium-sized enterprises. USAID will… Read More
Latin American real estate investment firm Terranum Capital has completed its inaugural fundraising effort, reaching a final close of US$235 million in committed capital on its Latin America Real Estate Fund. Investors in the fund include pension funds in Colombia and Peru, Latin American family offices and institutional investors… Read More
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