WAMEX Private Equity, a Mexican private equity firm, has invested US$32 million in Productos Medix, a Mexican pharmaceuticals manufacturer. Productos Medix has a portfolio of over 50 pharmaceutical products, prescribed throughout Mexico, Colombia and Argentina, for patients with obesity-related problems. The investment was made via WAMEX’s Multinational Industrial Fund… Read More
Global venture and growth capital investor ePlanet Capital has sold its stake in Indian chemical manufacturer Sree Ramicides Chemicals to Japanese agrochemical company SDS Biotech for INR1 billion (approximately US$18.5 million). ePlanet acquired its stake in 2008 for US$4.5 million, earning a cash-on-cash return of over 4x from the… Read More
India-focused private equity firm Tata Capital has acquired a 19 percent stake in Indian pharmaceutical company Marck Biosciences through a combination of direct and secondary transactions. Tata directly invested INR450 million (approximately US$8.3 million) in Marck for a 13 percent stake and purchased the remaining 6 percent from Indian… Read More
Asia-focused private equity firm Baring Private Equity Asia has increased its stake in Chinese cosmetics and skincare products manufacturer Magic Holdings. Baring purchased over 7.3 million shares on the Hong Kong Stock Exchange for HKD22.3 million (approximately US$2.9 million) through Baring Asia Private Equity Fund V, raising its stake… Read More
January 29, 2013 CHEVY CHASE, Md. — Global Environment Fund (GEF) announced today that Sulanji Siwale has joined the firm as a Managing Director based in Johannesburg, South Africa, as a member of the team that is executing GEF’s private equity investment program in Sub-Saharan Africa. Mr. Siwale has… Read More
International Finance Corporation (IFC), the private sector development arm of the World Bank Group, has committed BRL60 million (approximately US$29 million) to Gávea Crédito Estruturado FIDC, a private credit fund managed by Brazilian asset management firm Gávea Investimentos. The fund will provide long-term superior, mezzanine subordinated and junior subordinated… Read More
Altra Investments, a buyout firm focused on the Andean region, has announced the final close of its second private equity fund, Altra Private Equity Fund II, with US$355.8 million in capital commitments. The fund raised capital from public and private pension funds, funds of funds, family offices, sovereign wealth… Read More
CEE-focused private equity firm ARX Equity Partners, Switzerland-based asset management company Capital Dynamics and independent investor Lubor Žalman have agreed to invest in Fincentrum, a financial consultancy operating in the Czech Republic and Slovakia. With the investment, Fincentrum intends to accelerate its growth in both markets. Financial details of… Read More
International Finance Corporation (IFC), the private sector development institution of the World Bank Group, the governments of Canada and the United Kingdom, and the sovereign wealth fund of Azerbaijan have collectively invested about US$280 million in the IFC Catalyst Fund, a private equity fund of funds managed by IFC. Read More
Creador Capital, a private equity firm focused on India, Indonesia and Malaysia, is purchasing the Indonesian food business of Indian company Godrej Consumer Products. Under the terms of the transaction, the subsidiary will continue to distribute cereals, snacks and instant food products under the brands Simba and Turbo in… Read More
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