Indonesian private equity firm Northstar Pacific Capital will acquire a 50.05 percent stake in Singaporean telecommunications company Nera Telecommunications. Northstar’s newly incorporated unit, Asia Systems, will purchase the stake from Norwegian electronics and energy company Eltek for SGD89 million (approximately US$72.5 million). Northstar reportedly intends to make offers to… Read More
Global private equity firm Trilantic Capital Partners has sold its stake in Turkish restaurant operator Istanbul Doors Group to Doğuş Group, a Turkish conglomerate. Istanbul Doors Group operates 35 restaurants in five countries including Turkey, the United Kingdom, Russia and Azerbaijan. Trilantic first invested in the company in 2008;… Read More
Latin America-focused private equity firm Southern Cross Group has acquired more than 50 percent of Sociedad Portuaria Regional de Barranquilla (SPRB), the operator of the Colombian port of Barranquilla. Southern Cross made the investment through its Southern Cross IV private equity fund. While financial details of the transaction were… Read More
Indian private equity firm Peepul Capital has invested in Indian herbal cosmetics manufacturer Vishal Personal Care, which manufactures over 80 skin and hair care products under the brand Banjara’s. Peepul invested the capital from its US$320 million Peepul Capital III fund, which it raised in 2010. Financial details of… Read More
Chinese investment firm Fosun Group has acquired a 20 percent stake in Taiwanese bakery Taiwan Vigor Kobo. Vigor Kobo integrates the tourism and food sectors, producing cakes that visitors from mainland China can take with them as souvenirs after visits to Taiwan. Through the investment, Fosun will support Vigor… Read More
Polish private equity firm Enterprise Investors has agreed to sell its stake in Zelmer, a Polish manufacturer of small appliances, to German appliance manufacturer BSH Bosch und Siemens Hausgeräte (BSH). BSH will purchase Enterprise Investors’s 49 percent stake as part of an offer to purchase 100 percent of Zelmer. Read More
Chinese private equity firm FountainVest Partners has closed its second China-focused fund with US$1.35 billion in commitments. FountainVest was reportedly able to raise the fund, FountainVest China Growth Capital Fund II, in eight months. The fund is larger than its US$950 million predecessor. FountainVest plans to invest between US$50… Read More
The Carlyle Group and African infrastructure investor The Pembani Remgro Infrastructure Fund have invested US$210 million into Tanzania-based Export Trading Group (ETG), along with existing investor Standard Chartered Private Equity, the private equity arm of Standard Chartered Bank. ETG manages a vertically integrated agricultural supply chain operation in Africa,… Read More
Global microfinance private equity investor Bamboo Finance has acquired the Accion Investment Fund from Accion Investments, a subsidiary of global non-profit microfinance organization Accion International, for US$105 million. Bamboo Finance made the acquisition through its US$195 million Bamboo Financial Inclusion Fund. Going forward, Bamboo Finance will manage… Read More
Global technology-focused private equity firm Riverwood Capital and hedge fund Tiger Global Management have invested US$30 million in Navent, an operator of several Latin America-focused websites. Navent operates Brazilian and Mexican real estate rental websites ImovelWeb and Mercadoi, respectively, and Latin American job website Bumeran. Navent will use proceeds… Read More
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