India-focused investment firm ChrysCapital Partners has exited Ahmednagar Forgings (AFL), an India-based manufacturer of automotive components, for INR363 million (approximately US$6.06 million) through a series of bulk share sales on the open market. ChrysCapital originally invested INR295 million (approximately US$7.5 million) in AFL in 2008. Read More
Alternative asset manager IDFC Private Equity, India-focused private equity fund manager IL&FS Investment Managers Limited (IIML) and development finance institution Asian Development Bank (ADB) have sold a 50 percent stake in Central UP Gas (CUGL) to Indraprastha Gas, which supplies fuel in Delhi and surrounding neighborhoods, for about INR700… Read More
China-based growth private equity firm Envision Capital has held a final close on its second RMB-denominated fund. The fund raised RMB412 million (approximately US$66.5 million) in total capital commitments. Envision’s previous fund, the Envision High Growth Fund 2009, closed in October 2009 with RMB500 million (approximately US$73 million) in… Read More
Clearwater Capital, an investment firm focused on credit and special situations in Asia, and the Piramal Group’s non-banking financial company PHL Finance have jointly invested INR3 billion (approximately US$50 million) in VGN Developers, an India-based real estate developer. VGN used the financing, which was reportedly structured through non-convertible debentures,… Read More
Pan-emerging markets private equity firm Actis has invested US$102 million in Edita Food Industries, an independent snack food business based in Egypt. Edita sells around 2.5 billion pieces of croissants, cakes and wafers annually to consumers in Egypt and other markets in North Africa. The transaction was reportedly structured… Read More
Unicorn Capital Partners, a Russia-based infrastructure sector buyout fund, has acquired a controlling interest in Constanta Group, a designer and manufacturer of glass façade systems in Russia. Constanta was formed in 2011 through a merger of three Russian manufacturers. Financial details of the transaction were not disclosed. Read More
China-based private equity firm Capital Today and China-focused investment firm IDG Capital Partners have invested a reported US$6.17 million in 3songshu.com, an online seller of snacks, including dried and processed tea, fruit products and nuts. IDG Capital Partners originally invested US$1.5 million in 3songshu.com in March 2012. Read More
SEAVI Advent Private Equity, the Asian affiliate of global private equity firm Advent International, held a US$125 million first close for its sixth fund. SEAVI partners committed US$10 million to the fund. The vehicle follows the US$178 million SEAVI Advent Equity V fund raised in 2008. Read More
Al Noor Hospitals Group, a United Arab Emirates-based provider of healthcare services, raised GBP221 million (approximately US$342 million) in an initial public offering on the London Stock Exchange, the first for a UAE-based company this year. The company sold 38.5 million new and existing shares, or 32.9 percent of… Read More
Mexico-focused private equity manager WAMEX Private Equity has announced the initial public offering of its portfolio company Hoteles City Express, a budget business hospitality chain, on the Mexican Stock Exchange. The offering amount was US$200 million, and the new financing will be used primarily to further expand the company. Read More
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