Chinese biotechnology company 3SBio has agreed to delist from the NASDAQ stock exchange after shareholders voted in favor of a take-private deal proposed by Chinese private equity firm CITIC Private Equity and the company’s CEO. The two parties, who own a combined 18 percent of 3SBio’s outstanding share capital,… Read More
Foursan Group, a private equity firm primarily focused on the Middle East region, announced its exit from Al-Isra Education & Investment, the Amman Stock Exchange-listed holding company that operates Jordan’s Al-Isra Private University. Al-Isra provides undergraduate and graduate degrees to nearly 6,500 students. Foursan Group originally invested in the… Read More
Brazilian private equity firm Vinci Partners and Argentine agribusiness group Los Grobo have sold their 60 percent stake in Brazilian grain company Los Grobo Ceagro do Brasil to Japanese conglomerate Mitsubishi. Mitsubishi previously acquired a 20 percent stake in Ceagro in January 2012, resulting in a total ownership stake… Read More
Chinese private equity firm Shenzhen CDF Capital has participated in the RMB100 million (approximately US$16.3 million) Series B financing round of Chinese horse breeder Rider Horse. The latest investment follows the company’s August 2012 RMB120 million (approximately US$19.4 million) Series A financing round led by Hong Kong-based private equity… Read More
Emerging markets private equity firm Capital International Private Equity Funds (CIPEF) has invested PHP2.5 billion (approximately US$60.7 million) in Filipino media and entertainment company ABS-CBN. The funding is intended to expand ABS-CBN’s platform offerings, including its digital terrestrial television services. CIPEF will purchase Philippines Deposit Receipts (PDRs) issued by… Read More
Emerging markets private equity investor Actis has sold the majority of its 60 percent stake in Ugandan bank DFCU to Norfund, a Norwegian development finance institution, and Rabo Development, a subsidiary of Dutch banking group Rabobank. Actis had been managing the 60 percent stake on behalf of its former… Read More
China-focused private equity firm Hony Capital has reduced its holding in Shanghai Stock Exchange-listed publishing company Jiangsu Phoenix Publishing & Media. Hony sold 25 million shares of Phoenix at a price range of RMB8 to RMB8.89(approximately US$1.29 to US$1.44) per share, for a total transaction value of roughly US$32.3… Read More
Mid Europa Partners, a private equity firm focused on Central Europe and Turkey, has agreed to purchase a 100 percent stake in Polskie Koleje Linowe (PKL), a Polish mountain tourism firm. PKL operates skiing services in six locations in Poland, and intends to use the funding to expand its… Read More
Global private investment firm Partners Group has agreed to invest US$275 million in CSS Corp, an Indian IT services company. Following the investment, Partners Group will own an 80 percent stake in the company, taking over the 70 percent stake currently held by private equity firms SAIF Partners and… Read More
The private equity arm of global investment bank Goldman Sachs has sold the remainder of its stake, totaling 1.58 billion shares, in Industrial and Commercial Bank of China (ICBC) for US$1.1 billion. The divestment, which took place through a block share sale on the Hong Kong Stock Exchange, reportedly… Read More
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