China New Enterprise Investment (CNEI), a China-focused growth capital fund manager, led a US$23 million investment in Chinese salt chemicals manufacturer China Dadi Chemical (Dadi). Korea Development Bank, the state-owned policy bank of South Korea, co-invested alongside CNEI. The investment is expected to help Dadi strengthen its industry position… Read More
SME-focused private equity fund manager XSML has invested in Café Gbako, a coffee producer and retailer in the Central African Republic. XSML invested from its Central African SME Fund, which is targeting US$25 million in capital commitments. Café Gbako produces and exports Robusta coffee, and plans to use the… Read More
North Asia-focused private equity firm MBK Partners has reached a first close on its third fund, MBK Partners III, at US$1.25 billion in capital commitments. The fund, which is targeting US$2.25 billion, will invest in controlling stakes in companies based in South Korea, Japan and Greater China. Morgan Stanley… Read More
Shelf Drilling, a shallow water drilling services provider headquartered in the United Arab Emirates, has completed the acquisition of 37 drilling rigs, one swamp barge and associated operations from global offshore drilling company Transocean for US$1.05 billion. Shelf Drilling was created with financing from global private equity firms Castle… Read More
The Carlyle Group sold a portion of its holding in Brazilian health insurance provider Grupo Qualicorp, reducing its stake from 17.47 percent to 5.93 percent. BHCS FIP, an investment vehicle owned by Carlyle, sold 46 million shares on the BM&FBOVESPA stock exchange in an operation that was… Read More
Indian private equity firm Multiples Alternate Asset Management and L Capital, the private equity arm of French luxury goods conglomerate LVMH, have invested INR2.32 billion (approximately US$41.7 million) in Indian multiplex cinema chain PVR Cinemas. The investment will be used to fund part of PVR’s acquisition of movie theater… Read More
Manipal Hospitals, the healthcare-focused subsidiary of India’s Manipal Education and Medical Group, has received US$100 million from Indian private equity firm India Value Fund Advisors (IVFA). Manipal Hospitals operates 2,000 beds in 15 proprietary hospitals and 2,800 beds in 20 third-party hospitals. The company plans to double the number… Read More
Mexican consumer lending company Crédito Real, a portfolio company of Nexxus Capital, a Mexican private equity firm, held an initial public offering on the Mexican Stock Exchange on 17 October 2012. The offering, priced at MXN22 per share (US$1.72) raised MXN2.2 billion (US$173.6 million), not including overallotment options granted… Read More
South African investment holding company Shanduka Group has purchased a US$335 million minority stake in a Nigerian telecommunications company, MTN Nigeria, from three private investors including West Africa-focused private equity firm African Capital Alliance. Shanduka purchased the stake through its Shanduka Telecommunication (Mauritius) subsidiary. Additional details of… Read More
Venture Partners Botswana (VPB), a private equity and venture capital firm focused on Southern Africa, has exited from its investment in Botswana-based transportation and logistics company Transport Holdings. VPB invested in Transport Holdings in 2006 alongside South African conglomerate Imperial Group Holdings and earned a 10x cash-on-cash return multiple… Read More
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