European private equity firm Permira has agreed to sell its remaining 5.9 percent stake in Chinese casino operator Galaxy Entertainment Holdings for US$870 million. The firm had previously sold parts of its stake Galaxy Entertainment in August 2011 for US$613 million and September 2012 for US$755 million. Following the… Read More
Catalyst Principal Partners, an East Africa-focused private equity firm, has secured US$125 million in commitments for its first private equity fund. Catalyst Fund 1, which was targeting US$100 million in commitments, will invest in the consumer goods, retail, technology, services, manufacturing and engineering sectors in Kenya, Uganda,… Read More
Warburg Pincus has invested INR2.7 billion (approximately US$49.7 million) in Indian financial services company Capital First, formerly Future Capital, for an additional 24.43 percent stake, raising its total stake in the company to 68.4 percent. The investment took place through a share purchase on the Bombay Stock… Read More
Brazilian private equity firm GP Investments, along with multiple co-investors, will invest BRL450 million (approximately US$221 million) to acquire a 30 percent stake in SBF Group, the owner of Brazilian sporting goods retailer Centauro. GP Investments will contribute US$150 million through its GP Capital Partners V private equity fund,… Read More
Global private equity firm Warburg Pincus has fully exited its investment in Greentown China, a Chinese residential property developer. Warburg reportedly sold shares amounting to a 4.86 percent stake in Greentown China on the public market for approximately US$54 million. Previously, Warburg partially exited the company through… Read More
Africa-focused private equity group Databank Agrifund Manager Limited (DAFML) has invested in Cameroonian commercial farm West End Farms (WEF) through the AAF SME Fund. AAF SME Fund, a sub-fund of the African Agribusiness Fund (AAF) managed by private equity firm Phatisa, is focused on African food production… Read More
U.S.-based venture capital firm Vivo Ventures has invested RMB190 million (approximately US$30 million) in Chinese pharmaceuticals company Shanghai Jingfeng Pharmaceutical. Vivo Ventures closed its seventh healthcare-focused fund at US$375 million in 2011 and plans to devote 45 percent of the fund’s capital to Chinese investments. Read More
Dymon Asia Capital, a Singapore-based alternative investor, has held a first close on its Southeast Asia-focused private equity fund, Dymon Asia Private Equity, at SGD203 million (approximately US$165 million). The fund will invest in small- and medium-sized enterprises in Singapore and other Southeast Asian countries and is targeting SGD300… Read More
Evolvence Capital, a Middle East and India-focused private equity firm, has sold its entire equity stake in Indian surgical consumables manufacturer Sutures India to Indian private equity firm CX Partners for US$37 million. Evolvence Capital had invested in Sutures India in September 2009 through its healthcare and life sciences-focused… Read More
Turkish private equity firm Pera Capital Partners has reached a second close on its Pera Capital Partners Fund I at EUR50 million (approximately US$65 million). The fund, which is targeting EUR120 million (approximately US$155 million) in total commitments, will invest EUR15 million per deal (approximately US$19 million) in middle… Read More
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