Kinea Investimentos, the alternative asset management arm of Brazilian financial services group Itaú Group, has announced the final close of its second Brazil-focused private equity fund, Kinea II Private Equity Fund, with BRL1 billion (approximately US$490 million) in commitments. The firm raised the fund entirely from domestic sources of… Read More
Singapore-based electronics and furniture retailer Courts Asia, a portfolio company of Asian private equity firm Baring Private Equity Asia, made its debut on the Singapore Exchange on 8 October 2012. Courts Asia offered 178 million shares, 44 percent of which were purchased by four cornerstone investors: JF… Read More
The Russian government’s equity investment fund, Russian Direct Investment Fund (RDIF), has announced the investment of US$50 million, along with global asset manager BlackRock, Russia-focused private equity firm Russia Partners, a wholly owned subsidiary of Siguler Guff & Company, and other institutional investors in MD Medical Group (MDMG), a… Read More
South Korean venture capital firm Partners Venture Capital has acquired a 10 percent stake in South Korean battery electrolyte manufacturer Panax Etec for KRW10 billion (approximately US$9 million). The investment took place through a secondary purchase from investors Samsung Venture Investment and Bokwang Investment, both of whom partially exited… Read More
Indian private equity and real estate investor Everstone Capital is investing INR2 billion (approximately US$37.8 million) in S. Chand & Company, an Indian publisher of educational materials, for a reported 35 percent stake. The investment was made through the Everstone Capital Partners II private equity fund. S. Chand &… Read More
India-focused private equity firm Baring Private Equity Partners (BPEP) India has increased its holding in Indian non-banking financial company Manappuram Finance. BPEP India purchased 10.3 million shares of Manappuram on the Bombay Stock Exchange and the National Stock Exchange, amounting to a 1.23 percent equity stake. Following the transaction,… Read More
Ukraine-based private equity fund manager Horizon Capital and Dutch development bank FMO have invested in Biofarma, a Ukrainian pharmaceutical manufacturer. The capital will be used to fund the construction of a new pharmaceutical plant with upgraded manufacturing lines and laboratory equipment in the Kyiv region. The transaction marks Horizon… Read More
The Blackstone Group has agreed to buy a 12.5 percent stake in International Tractors Limited (ITL), an Indian manufacturer of tractors, for up to INR5.2 billion (approximately US$100 million). The investment will be made from the Blackstone Capital Partners (Singapore) VI fund. ITL plans to use the funding to… Read More
Global emerging markets investor Actis has confirmed the final close of its second Africa-focused real estate fund, Actis Africa Real Estate 2, with total commitments of US$278 million. The fund will focus on retail and office developments in East Africa, West Africa and Southern Africa, excluding South Africa. Actis’s… Read More
Brazil-focused venture capital firm FIR Capital Partners has invested BRL1.8 million (approximately US$884,000) in ClicBusiness Software, a Brazilian provider of transaction processing services for online retailers. The investment was made through FIR Capital’s Fundo Santa Catarina, a venture capital fund focused on the Brazilian state of Santa… Read More
(default archive template)