Chilean informational technology firm Synapsis has acquired 100 percent of Brazilian information technology company Cyberlynxx through a Brazilian subsidiary. Brazil-focused venture capital firm FIR Capital Partners, which held a 25 percent stake in Cyberlynxx, has received shares in Synapsis in exchange for its shares. The transaction was… Read More
United Arab Emirates-based alternative investment manager Investcorp will acquire a 35 percent stake in Kuwaiti vehicle leasing and rental company Automak through its US$1 billion Gulf Opportunity Fund. Automak operates a fleet of over 4,500 vehicles. The investment marks Investcorp’s second in Kuwait after its 2009 investment in Gulf… Read More
Sub-Saharan Africa-focused private equity fund manager XSML has invested in Promed, a generic drug manufacturer based in the Democratic Republic of the Congo (DRC). The investment was made from XSML’s Central Africa SME Fund, which targets investments in the DRC and the Central African Republic. Promed manufactures approximately 80… Read More
Global asset manager BlackRock Investment Management has purchased an undisclosed number of shares in the Moscow Exchange MICEX-RTS from the Russian Direct Investment Fund (RDIF), the US$10 billion sovereign private equity fund sponsored by the Russian government to co-invest with international investors. BlackRock joins the RDIF, the European Bank… Read More
Indian alternative asset manager IDFC Alternatives has sold approximately four percent of its stake in Gujarat Pipavav Port (Pipavav), the operator of India’s Port Pipavav, through a share sale on India’s National Stock Exchange. IDFC originally invested in Pipavav, which is also listed on the Bombay Stock Exchange, through… Read More
International Finance Corporation (IFC) is investing up to US$10 million in CoreCo Central America Fund I, a private equity fund managed by Central America-focused private equity firm CoreCo Holding. The fund, which is targeting total commitments of US$65 million, plans to invest in small and medium enterprises, particularly in… Read More
Asia-focused private equity firm Navis Capital Partners has completed an investment into OPV Pharmaceutical Holdings, a Vietnamese manufacturer of branded generic pharmaceuticals. The majority of Navis’s investment came through the purchase of newly issued shares, which increased the capital base of OPV Pharmaceuticals. Financial details of the transaction were… Read More
U.S.-based medical technology manufacturer Medtronic has agreed to acquire orthopedic device provider China Kanghui Holdings for a net transaction value of US$755 million. China Kanghui Holdings is backed by private equity investors IDG Capital Partners, TDF Capital, CDH Investments and Vivo Ventures, all of which will reportedly sell their… Read More
Brazil-based alternative asset investment firm GP Investments will acquire approximately 2,000 mobile telephone towers from an unnamed Brazilian telecom operator for BRL503 million (approximately US$250 million). The towers will be operated by a newly created tower management company, BR Towers. The investment will be made through GP Investments’ private… Read More
Middle East and Africa-focused investment firm Blakeney Management and J. P. Morgan Asset Management, the asset management arm of JPMorgan Chase, have invested over US$20 million into the United Arab Emirates-based online shopping service Namshi. Namshi sells designer clothing, shoes and accessories from over 400 international brands to customers… Read More
(default archive template)