Asia-focused private equity firm Baring Private Equity Asia (BPEA) has agreed to buy South Korean courier services provider Logen Logistics from Mirae Asset Private Equity, an international asset management firm, for roughly KRW160 billion (approximately US$139 million). The transaction will be structured through BPEA Fund V. Mirae Asset Private… Read More
Global investment firm Kohlberg Kravis & Roberts (KKR) has announced the final close of its Asian II Fund at US$6 billion. The new fund will target local industries such as consumer, retail, healthcare and education that can take advantage of an increase in Asia’s domestic consumption. Read More
Tata Capital, the private equity arm of India’s Tata Group, has invested INR150 million (approximately US$2.5 million) in India-based PLUSS Polymers, a chemicals and polymers research and manufacturing company. The transaction was structured through Tata Capital Innovations Fund. PLUSS Polymers intends to use the new financing to further the… Read More
Brazil-focused technology investor Confrapar will invest over US$1 million in Easy Food, a local software developer for school cafeterias. The transaction will be structured through NascenTI, Confrapar’s funding arm dedicated to projects based in Rio de Janeiro. With the new capital injection, Easy Food intends to expand its sales… Read More
Turkey-based hospitality cloud software startup CloudArena has raised US$1.5 million in an early stage funding round from seed and venture capital investors Aslanoba Capital and 212 Capital Partners. CloudArena intends to use the additional financing to digitize accommodations and travel agencies worldwide. Separately, 212 Capital Partners has also participated… Read More
Latin Idea Ventures, a Mexico-based private equity fund manager, announced that it has invested in Anima Estudios, a Latin American animation studio. Anima Estudios is currently working on several film projects, including “El Agente 00-P2” and “Kung Fu Magoo.” The investment was structured through Latin Idea Mexico Venture Capital… Read More
Pan-emerging markets private equity firm Actis has sold its 70 percent stake in Vesta, a Chinese commercial kitchen equipment maker, to Illinois Tool Works, a U.S.-based developer and processor of engineered components, industrial systems and consumables. Vesta designs and makes Western style mid-range commercial kitchen equipment in China. Actis… Read More
Gulf Capital, a United Arab Emirates-based alternative investment firm, has acquired a 100 percent stake in Chef Middle East, an importer and distributor of high-end, specialty and fine food products, from United Arab Emirates-based Vintage Holdings. Chef Middle East serves more than 1,000 customers in the United Arab Emirates,… Read More
India Value Fund Advisors (IVFA), which focuses on investing in mid-sized businesses, is investing US$40 million in Vallabhdas Kanji Limited (VKL Seasoning), an India-based processor of spices and spice ingredients. The deal, which involves both a primary capital infusion and a secondary share sale, marks an exit for Ascent… Read More
TPG Growth, the middle market and growth equity platform of global private investment firm TPG, has entered into definitive agreements to acquire a 49 percent stake in Vietnam-based Hoa Muoi Gio Company (Masan Agriculture) from Masan Consumer, for a total cash consideration of approximately US$50 million. TPG Growth originally… Read More
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