Emerging markets private equity investor Actis has partially exited its holding in Brazilian independent brokerage XP Investimentos by selling approximately half of its stake to global private equity firm General Atlantic. Actis had originally invested US$58 million in XP Investimentos in November 2010. Financial details of the transaction were… Read More
Darby Overseas Investments, the private equity arm of global investment manager Franklin Templeton, has invested in Ecuadorian logistics company Tabacarcen S.A. Tababela Cargo Center. Tabacarcen is the logistics and cargo operator at Mariscal Sucre airport in the Ecuadorian capital of Quito. Darby made the investment through its Darby Latin… Read More
Indian venture capital firms Helion Venture Partners and Footprint Ventures have reportedly invested US$6 million in vegetarian food chain Mast Kalandar, owned by Indian restaurant operator Spring Leaf Retail. Mast Kalandar currently operates 40 outlets and will use the funding to expand to 100 outlets across eight Indian cities. Read More
Venture capital firm Sequoia Capital China and Fidelity Growth Partners Asia, the Asia-focused private equity arm of Fidelity Investments, have invested alongside an undisclosed private investor in the Series B financing round of Chinese rental car company Reocar. Financial details of the transaction were not disclosed, but the invested… Read More
CX Partners, an Indian private equity firm, has signed a binding letter of intent to invest INR1.2 billion (approximately US$22.9 million) in Transaction Solutions International (TSN), an operator of ATMs that is listed on the Australian Stock Exchange. Under the terms of the transaction, CX Partners will acquire a… Read More
Indonesia-focused private equity firm Saratoga Capital and investment firm Provident Capital have sold a combined 4.4 percent stake in Indonesian telecommunications tower operator Tower Bersama Infrastructure on the Indonesian Stock Exchange. Saratoga and Provident collectively sold 210 million shares at IDR5,750 per share (approximately US$0.60) for IDR1.2 trillion (approximately… Read More
Southeast Asia-focused private equity investment manager Lombard Investments has sold its 10 percent stake in Thai retail chain Robinson Department Store for approximately US$219 million. Lombard’s affiliate, Asia Investment International, sold 111.3 million shares on the Stock Exchange of Thailand at THB60.5 (approximately US$1.95) per share. Robinson… Read More
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
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