The Carlyle Group has reduced its stake in Chinese property company Kaisa Group Holdings by selling 216 million shares in the company on the Hong Kong Stock Exchange. The shares reportedly comprised half of Carlyle’s stake in Kaisa and were acquired during its 2007 investment in the… Read More
A consortium of investors, including Russian private equity firm Baring Vostok Capital Partners, Russian asset manager UFG Asset Management, the government-owned Russian Direct Investment Fund and media entrepreneur Paul Heth, has acquired a controlling stake in Russia’s Karo Film Group. Karo owns and operates 31 movie theaters with 197… Read More
Emerging markets private equity investor Actis has sold its stake in Chinese restaurant chain Xiabu Xiabu to global private equity firm General Atlantic. Actis first invested in Xiabu Xiabu, which specializes in Chinese hot-pot dishes, in November 2008. During Actis’s investment period, Xiabu Xiabu expanded from 60 restaurants in… Read More
Indian credit ratings agency Credit Analysis & Research (CARE) has raised INR5.4 billion (approximately US$99.3 million) in an initial public offering on India’s National Stock Exchange and Bombay Stock Exchange. The company, backed by Indian private equity firms Milestone Capital Advisors and Aditya Birla Private Equity (ABPE), sold 7.2… Read More
Flocations, the Singapore-based operator of Southeast Asia-focused travel website Flocations.com, has received SGD700,000 (approximately US$573,000) in an early stage investment round led by Singaporean venture capital firm TNF Ventures. SingTel Innov8, the corporate venture arm of Singaporean mobile service provider SingTel, and angel investor Ben T. Ball also participated… Read More
The African Agriculture Fund (AAF), a private equity fund managed by Sub-Saharan Africa-focused firm Phatisa, has agreed to invest up to US$10.5 million in Feronia, a large-scale commercial farmland and plantation operator in the Democratic Republic of the Congo, through one of the fund’s subsidiaries. The subsidiary will invest… Read More
China New Enterprise Investment (CNEI), a China-focused growth capital fund manager, has invested US$20 million in Chinese specialty leasing company Juxin Internal Leasing’s Series B investment round, acquiring a 12.1 percent stake. Juxin provides financial leasing services to customers in the public higher education sector, including financing for IT… Read More
Indonesian private equity firm Northstar Pacific Partners has acquired a 49 percent stake in Indonesian Stock Exchange-listed brokerage Trimegah Securities for IDR200 billion (approximately US$20.8 million). The firm purchased 1.7 billion shares in Trimegah, including shares owned by hedge fund Spinnaker Capital. Northstar made the investment through Northstar Equity… Read More
Argentina-based GoIntegro, a human resources social engagement platform focused on Latin America, has received funding from global private equity investor Riverwood Capital and Latin America-focused venture capital firm Kaszek Ventures. GoIntegro’s platform provides corporations with a platform combining a corporate social network with human resources-specific applications and the current… Read More
FIP Terra Viva, a private equity fund managed by Brazilian firm DGF Investimentos, has reportedly fully invested its BRL260 million (approximately US$123 million) corpus after investing BRL70 million (approximately US$33.1 million) in the ethanol assets of Usina Alvorada, a Brazilian sugarcane processing mill. Terra Viva was raised in 2008… Read More
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