International Finance Corporation (IFC) has announced that it will provide a US$70 million convertible loan to Nigerian commercial bank, Diamond Bank, in partnership with the Africa Capitalization Fund, a private equity fund managed by IFC Asset Management Company. Diamond Bank will use the loan to expand its lending program… Read More
Indonesia-focused private equity firm Capsquare Asia Partners has achieved a first close on its debut fund. The fund, targeting US$75 million in total commitments, has reportedly raised three-quarters of that amount. Capsquare is focusing on consumer-driven sectors such as consumer goods, retail, education and healthcare. The firm plans to… Read More
Asia-focused private equity firm SAIF Partners has invested INR400 million (approximately US$7.2 million) into TMA Hospitality Services, which manages fast food restaurant chain Ammi’s Biryani. SAIF Partners recently established a separate INR1 billion (approximately US$18 million) investment vehicle, Zooropa Foods, to finance and manage a chain of quick service… Read More
Brazilian bank BTG Pactual’s private equity funds have invested US$1 billion as part of a BRL5.4 billion (approximately US$2.7 billion) investment in Sete Brasil Participações, a Brazilian offshore oil rig operator. Also participating in the deal was U.S.-based investment firm EIG Global Energy Partners. Following the transaction, BTG Pactual… Read More
L Capital Asia, through its Indian subsidiary L Capital Eco, will invest a total of INR1.08 billion (approximately US$19 million) in Indian cinema operator PVR. L Capital will invest INR577 million for a direct 10 percent stake in PVR, as well as INR501 million to establish a joint venture… Read More
BaltCap, a private equity and venture capital firm focused on the Baltic States, has invested in the 18-megawatt Mäli & Tamba wind energy project in Estonia. The Mäli & Tamba wind farm, which will utilize 3-megawatt Enercon turbines and be operational as of September 2013, is BaltCap’s second energy-related… Read More
Genpact, a global business process outsourcing and technology services firm, announced that affiliates of Bain Capital have agreed to acquire 68 million common shares in the firm, representing approximately 30 percent of outstanding shares, from entities affiliated with General Atlantic (GA) and Oak Hill Capital Partners for approximately US$1… Read More
Standard Chartered Private Equity (SCPE) has reportedly invested US$40 million in Sri Lankan home appliance and electronics retailer Abans. Carrying global brands including LG, Toshiba, Mitsubishi Electric, Haier, Whirlpool, Sanyo, Sharpe, Philips, Apple and HP, Abans currently operates 400 showrooms across Sri Lanka. The company will use the capital… Read More
The Philippines Government Service Insurance System (GSIS) has partnered with the Asian Development Bank (ADB), Macquarie Infrastructure and Real Assets (MIRA) and Dutch pension fund asset manager APG Asset Management to launch a US$625 million fund dedicated to infrastructure investment in the Philippines. The Philippine Investment Alliance… Read More
Mexico-based private equity fund manager Nexxus Capital, through its parallel funds Nexxus IV and Nexxus V, has made an additional investment in Moda Holding, which will finance the acquisition of Zingara, a Mexico-based swimwear, beachwear and accessories retailer. Moda Holding is a Mexican retail platform that operates over 130… Read More
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