The Carlyle Group has invested approximately US$100 million in Indonesian cellular tower operator Solusi Tunas Pratama (STP) for a 25 percent stake. STP operates 1,322 towers in Indonesia, mostly in and around Jakarta. Carlyle is reportedly raising a US$3.5 billion Asia-focused fund, its fourth for the region. Read More
L Capital Asia, the Asia-focused private equity fund sponsored by French company LVMH Group, has invested INR750 million (approximately US$14 million) in Genesis Luxury Fashion, the marketing and distribution arm of Indian fashion group Genesis Colors. This is the US$635 million L Capital Asia Fund’s second investment in the… Read More
Poland-based private equity firm Abris Capital Partners has purchased Romanian courier company Cargus from German courier company Deutsche Post DHL. Abris is raising its second private equity fund, targeted at EUR450 million (approximately US$587 million), to invest in Poland, Ukraine and Romania. Financial details of the transaction… Read More
Russia Partners, a Russia-focused subsidiary of private equity firm Siguler Guff & Company, has acquired a seven percent stake in Russia-based Orient Express Bank through a share offering. Existing investors also participated in the issue, including Russia-focused private equity firm Baring Vostok Capital Partners, International Finance Corporation… Read More
Hong Kong-based private equity firm Orchid Asia Group Management has agreed to sell 95 million shares, equivalent to a 19 percent stake, in Hong Kong-listed Chinese medical device manufacturer LifeTech Scientific Corporation to U.S.-based medical technology company Medtronic. The deal is valued at HKD361 million (approximately US$46.6 million). Medtronic… Read More
VTB Capital, the investment arm of Russian financial services firm VTB Group, has announced an agreement to sell a 25 percent stake in Russ Outdoor, a local outdoor advertising company, to French global outdoor advertising company JCDecaux. Under the terms of the transaction, which is pending anti-monopoly approval, JCDecaux… Read More
Union Global Partners, a consortium of Nigerian and international investors, has invested US$500 million in Union Bank of Nigeria for 65 percent of the bank’s outstanding common shares. Union Global Partners was formed to recapitalize the bank and is comprised of six core investors: private equity firms African Capital… Read More
Legend Capital, one of the private equity arms of Chinese investment firm Legend Holdings, has invested RMB500 million (approximately US$79.4 million) in Air China Travel Service, a provider of outbound travel products in China, which the company offers from 20 locations in the country. Legend Capital currently manages five… Read More
Asia-focused private equity firm Affinity Equity Partners has invested approximately US$100 million in Indonesian auto services group Mitra Pinasthika Majesty (MPM) for an unspecified minority stake. MPM is the franchisee for Honda motorcycles in east Java and reportedly operates 280 showrooms, 600 workshops and more than 1,200 spare parts… Read More
International Finance Corporation has announced a US$20 million investment in Russian private equity fund Elbrus Capital Fund II and a EUR15 million (approximately US$19.4 million) investment in Turkish private equity fund Mediterra Capital Partners I. Elbrus Capital Fund II, managed by Russian private equity firm Elbrus Capital, is targeting… Read More
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