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
The Carlyle Group, through its CMP Asia investment vehicle, sold approximately 57 million shares in HDFC, an Indian private sector bank. The share sale, which took place on both the Bombay Stock Exchange and National Stock Exchange, saw Carlyle divest approximately 3.71 percent of HDFC, representing its… Read More
Japanese investment firm The Longreach Group has announced the final close of its second Japan and North Asia-focused fund, Longreach Capital Partners 2, with US$400 million in commitments. The fund will focus on control buyout investments in the industrial and technology, financial services, business services and consumer-related sectors. Read More
International Finance Corporation (IFC) and two private equity funds managed by IFC Asset Management Company (IFC AMC) will acquire 5 percent of the common stock of Chilean commercial and retail bank CorpBanca. The two IFC AMC funds are the US$1 billion IFC African, Latin American and Caribbean Fund and… Read More
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