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
SSG Capital Management, an Asia-focused special situations investor, has closed its second special situations fund, SSG Capital Partners II, at its hard-cap of US$400 million. The fund, which was originally targeting US$300 million in commitments, held a first close at US$100 million in February and attracted investors primarily from… Read More
Ultrapetrol, a Bahamas-based industrial marine transportation company, has agreed to sell approximately 78.38 percent of its outstanding common shares to Latin America-focused private equity firm Southern Cross Group for US$220 million. Southern Cross will invest in Ultrapetrol through Sparrow Capital Investments, a subsidiary of Southern Cross Latin America Private… Read More
German development finance institution DEG has committed US$10 million to an Ethiopia-focused private equity fund managed by pan-emerging markets private equity investor Schulze Global. The Schulze Global Ethiopia Growth and Transformation Fund I is targeting US$100 million in commitments and seeks to invest in small- and medium-sized enterprises in… Read More
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