Vantage Capital, a South African specialist fund manager, has closed its second pan-African mezzanine fund at ZAR1.9 billion (approximately US$226 million). Mezzanine Fund II, which received commitments from the Development Bank of Southern Africa, Norfund and 14 pension funds from South Africa and Botswana, will invest in mid-size African… Read More
London-based Bancroft Private Equity has acquired 75 percent of Turkish ceramic tiles and granite producer Graniser for US$75 million. Graniser is the fourth investment made in Turkey by the Bancroft Group, which focuses on private equity fund management in Eastern Europe. Graniser plans to invest US$500 million over the… Read More
The AGF Latin America Fund has held a first close of US$64 million, led by private equity investors DEG (Deutsche Investitions- und Entwicklungsgesellschaft), the Inter-American Development Bank’s Multilateral Investment Fund (MIF/IDB), the Andean Development Corporation (CAF) and Compass Group. The fund will invest in middle-market companies in the agribusiness… Read More
Russia-based VTB Capital’s Private Equity and Special Situations group has partnered with Burger King Corporation and Burger Rus, the largest Russian Burger King franchise with 54 restaurants, to form a joint venture to expand the global fast food chain’s presence in Russia. The new joint venture will own exclusive… Read More
UAP Holdings, a Kenya-based financial services group, has raised KES4.7 billion (US$53.5 million) from three international private equity investors to support its regional and pan-African expansion plans. Aureos Capital’s Aureos Africa Fund, AfricInvest Fund II and AfricInvest Financial Sector Fund, both managed by Tunisia-based AfricInvest-TunInvest Group, and Swedish development… Read More
Brazil-based alternative investment management firm Pátria Investimentos and global investment and advisory firm Blackstone plan to acquire a 40 percent stake in Brazilian footwear manufacturer Vulcabras for BRL500 million (approximately US$245 million). Vulcabras produces the Azaleia and Olympikus shoe brands and has operations throughout South America. In 2010, Blackstone… Read More
The ACON Latin America Opportunities Fund (ALAOF) has led an investment of BRL110 million (approximately US$54 million) for a significant minority stake in BSM Engenharia (BSM), a Brazilian firm specializing in offshore oil and gas logistics and heavy-duty equipment rentals. ALAOF is managed by ACON Investments, a U.S. and… Read More
Navis Capital Partners’ cash offer for Adampak, a Singapore-based manufacturer of precision components, has closed. Navis, which first announced the cash offer valuing Adampak at SGD110.7 million (approximately US$88 million) on 2 April 2012, now controls 98.4 percent of the company. The offer price of SGD0.42 per… Read More
Future Group, an India-based consumer conglomerate, has agreed to sell its stake in Indian financial services provider Future Capital Holdings (FCH) to Warburg Pincus. The U.S.-based global private equity firm will acquire Future Group’s stake at a price of INR162 (US$2.90) per share and will also invest… Read More
The board of Brazilian homebuilder PDG Realty has approved a plan proposed by local private equity firm Vinci Partners to raise BRL800 million (approximately US$390 million) through an issue of new warrants. Investment funds controlled by Vinci Partners could acquire up to 81.4 percent of the new… Read More
(default archive template)