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
The Abraaj Group, a private equity investment firm focused on global growth markets, has announced its exit from Thai restaurant chain Hot Pot through an initial public offering on the Stock Exchange of Thailand. The Abraaj Group invested in the chain through its first Southeast Asia fund in 2006,… Read More
Chinese digital media operator Focus Media has agreed to a merger agreement with holding company Giovanna Parent and its subsidiary Giovanna Acquisition, in which Focus Media will be acquired for US$27.50 per American Depositary Share (equivalent to five ordinary shares). Following the merger, Giovanna Parent will be owned by… Read More
TVM Capital MENA, a U.A.E.-based healthcare and pharmaceutical sector-focused private equity firm, has invested in Cambridge Medical and Rehabilitation Center (CMRC), a local medical and rehabilitative treatment center, alongside Saudi investment firm The Olayan Group and Al Zarooni Emirates Investments. CMRC will use the funding to expand its long-term… Read More
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