Indian search engine Just Dial has held an initial public offering on India’s National Stock Exchange, Bombay Stock Exchange and MCX Exchange, raising around US$170 million. The offering, which was anchored by a US$38 million investment from Singaporean sovereign wealth fund Temasek and global asset manager Fidelity Investments, was… Read More
SEAVI Advent Private Equity, the Asia-focused affiliate of global private equity firm Advent International, has participated in a US$17 million investment round in Indonesian port depot management services company Multicon Indrajaya Terminal. Multicon operates container depots in seven Indonesian ports. The investment is intended to support the company’s growth… Read More
Russia-based infrastructure buyout fund Unicorn Capital Partners has held a first close on its maiden fund with US$100 million in commitments. The fund, which is targeting a maximum fund size of US$500 million, will focus on investments in small- and medium-sized enterprises in Russia and abroad. Sectors targeted by… Read More
China-based alternative asset fund manager CDH Investments has sold 166 million shares in Chinese department store and supermarket operator Springland International Holdings. The shares, which were divested on the Hong Kong Stock Exchange, were priced at HKD3.75 (approximately US$0.48) per share, representing a total transaction value of HKD622.5 million… Read More
Asia-focused private equity firm Baring Private Equity Asia has invested INR14 billion (approximately US$256 million) in Lafarge India, the Indian arm of French cement maker Lafarge, acquiring a 14 percent stake. The investment is intended to fund the expansion of all three of Lafarge India’s product lines: cement, aggregates… Read More
Asia-focused private equity firm Navis Capital Partners has invested in Singapore-based electronic waste processor TES-Envirocorp for a majority stake. The investment is intended to aid TES-Envirocorp’s expansion regionally as well as to the United States and Europe, while expanding the company’s capabilities in remarketing and other electronic waste services. Read More
Global natural resources and mining-focused private equity firm CD Capital has closed its second fund, CD Capital Natural Resources Fund II, with US$255 million in capital commitments. The fund raised over 50 percent of its corpus from endowments, around 30 percent from foundations, and the remainder from family offices… Read More
Global alternative asset manager Brookfield Asset Management has closed its Brookfield Brazil Timber Fund II with US$270 million in capital commitments, surpassing its initial target of US$200 million. The fund will focus on equity and equity-related investments in Brazilian timberlands and timber-related assets. Brookfield is currently invested in 2.6… Read More
Singapore-based clean energy investor Armstrong Asset Management has invested in Symbior Solar Siam, a Thai solar energy-focused subsidiary of Hong Kong-based Symbior Energy. The investment, which was structured through the Armstrong South East Asia Clean Energy Fund, is intended to finance the development and operation of solar power projects… Read More
East Africa-focused private equity firm Catalyst Principal Partners has acquired a 50 percent stake in Yes Brands Food and Beverage, an Ethiopian bottled mineral water manufacturer. The investment is intended to accelerate the growth of the business through enhanced operational capacity, deeper distribution and product innovation. Financial details of… Read More
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