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
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
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