Global alternative asset manager The Carlyle Group has fully exited its investment in China Pacific Insurance (CPIC) through a share sale on the Hong Kong Stock Exchange. Carlyle sold 2.2 percent of CPIC’s total shares for approximately US$796 million, bringing its total earnings to over US$5 billion after six… Read More
Asia-focused private equity firm Navis Capital Partners has indirectly invested in Vietnamese seafood processing company Go Dang Joint Stock Company (Godaco) through a holding company, Panga Hold Co. The investment will allow Godaco to accelerate its expansion plans and increase global exports of its two key products, Pangasius and… Read More
Henderson Equity Partners, the private equity arm of U.S.-based investment firm Henderson Global Investors, sold 8.2 percent of the equity shares of Indian sanitary products manufacturer Hindustan Sanitaryware & Industries Limited (HSIL) through a share sale on the Bombay Stock Exchange. The shares were valued at INR678.2 million (approximately… Read More
India-focused private equity firm India Equity Partners (IEP) has begun exiting from Manappuram, an Indian non-banking financial company specializing in gold loans. IEP sold 18 million shares, equivalent to a 2.13 percent equity stake, on the National Stock Exchange of India for INR770 million (approximately US$14.2 million). The firm… Read More
U.S.-based private equity firm Blue Equity has sold The Antilles Group, the licensed user of Shell brands in Jamaica, to the Rubis Group, a French downstream petroleum and chemicals company. The Antilles Group operates 50 Shell service stations in Jamaica with a customer base in the commercial and industrial… Read More
Bain Capital and Goldman Sachs Capital Partners, the private equity arm of Goldman Sachs, have reduced their holdings in two Chinese companies listed on the Hong Kong Stock Exchange. Bain Capital partially divested its holdings in real estate developer Sunac China Holdings for HKD540 million (approximately US$70 million), retaining… Read More
CEE-focused private equity firm Mid Europa Partners has agreed to sell Polish healthcare services provider Lux Med to British healthcare services group Bupa. The deal values the company at EUR400 million (approximately US$529.3 million) and the exit will reportedly generate returns of 2.5x to Lux Med’s investors, including Mid… Read More
Pan-Asian energy and infrastructure-focused fund manager Equis Funds Group has closed its first fund, Equis Asia Fund I, with US$647 million in commitments, exceeding the fund’s original target of US$500 million. The fund raised capital from endowments, insurance companies, pension and superannuation funds, and multilaterals from North America, Europe… Read More
The Pan African Housing Fund (PAHF), a fund managed by private equity firm Phatisa, has held a first close at US$41.5 million. The fund, which is targeting US$100 million, raised the capital from European and African development finance institutions, including a US$20 million commitment from CDC Group of the… Read More
Turkish investment management and advisory services firm GlobalTurk Capital has established a partnership with early stage emerging markets private equity investor Small Enterprise Assistance Fund (SEAF) to explore investment opportunities in Turkish small- and medium-sized enterprises (SMEs). The two firms will reportedly jointly raise a private equity fund focused… Read More
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