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
The Netherlands Development Finance Company (FMO) and SBI Holdings (SBIH), a Japanese financial services group, have agreed to form a new fund targeting financial sector investments in the emerging markets of Asia. The fund, to be managed by SBI Ven Capital, SBIH’s Singapore-based venture capital division, is targeting up… Read More
Brazil Potash Corp. (BPC), a Belo Horizonte-based mining company, has completed a US$58.7 million financing round led by U.K.-based global private equity firm CD Capital, which committed US$24.6 million through its CD Capital Natural Resources Fund II. BPC plans to use the new capital to continue exploration for potash… Read More
Fidelity Growth Partners Asia, the venture capital and private equity arm of Fidelity focused on investing in Greater China, has led an investment of roughly US$50 million in Pod Inns, a Hangzhou-based budget hotel chain. China-based venture capital investors Legend Capital and Jianxin Capital, U.S.-based Morgan Creek… Read More
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