The Overseas Private Investment Corporation (OPIC), the development finance arm of the U.S. government, has approved a US$40 million commitment to CapMan Russia II, a Russia-focused private equity fund managed by Finland-based CapMan Group. The capital is intended to support small and medium-sized enterprises (SMEs) in Russia’s outer provinces. Read More
Global energy-focused private equity firm Denham Capital has agreed to sell its holdings in Filipino coal-fueled power plant GNPower Mariveles to Philippines-based conglomerate Ayala Corporation for US$155 million. Denham first invested in the 600 megawatt plant in June 2007 alongside power project developer Power Partners. The project has previously… Read More
Global investment firm KKR has raised US$6 billion for its second Asia-focused private equity fund. The fund will invest in growth and buyout transactions across Asia, including China, India and Southeast Asia. The latest fund follows KKR’s first pan-Asia private equity fund, which closed with US$4 billion in capital… Read More
SME-focused private equity fund manager XSML has invested in Bamara Transports DJ, a road transport company in the Central African Republic, through its Central Africa SME Fund (CASF). The investment will enable Bamara to purchase two new trucks, two trailers and construct an 800 liter diesel fuel tank. Financial… Read More
Indian telecommunications infrastructure company Bharti Infratel has priced an initial public offering, raising approximately US$764 million from institutional and retail investors. Bharti Infratel issued new shares, to be listed on India’s National Stock Exchange and the Bombay Stock Exchange, that reportedly amount to over three-quarters of the 188.9 million… Read More
Chinese private equity firm Hony Capital has acquired a 5.16 percent stake in China International Marine Containers (CIMC), a state-owned manufacturer of shipping containers that is in the process of transferring its listing from the Shenzhen Stock Exchange to the Hong Kong Stock Exchange. Broad Ride, a subsidiary of… Read More
Global venture capital firms IDG Ventures and Sequoia Capital are investing INR500 million (approximately US$9.2 million) in iCreate Software, an Indian data analytics software developer. iCreate focuses on the banking sector and plans to use the funds to expand its product portfolio and move into overseas markets. Read More
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
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