Global private equity firm General Atlantic has completed its third partial exit from Chinese automobile dealership group Zhongsheng Group, reducing the firm’s stake in the company to an approximate 5 percent. The value of the transaction is estimated at US$129 million. General Atlantic reportedly sold 65 million shares of… Read More
Asia-focused middle market private equity firm Olympus Capital Holdings Asia has acquired a 4.8 percent stake in India-based Karur Vysya Bank. The PIPE transaction is valued at approximately US$38.34 million. The stake was purchased through market transactions on the Bombay Stock Exchange and the National Stock Exchange of India. Read More
The controlling shareholders of Brazilian healthcare company Grupo Qualicorp have raised BRL674 million (approximately US$364 million) from a secondary offering on the Brazilian stock exchange (BM&FBOVESPA). Over 40 million shares were sold at a price of BRL16.50 each. The amount raised could increase if the controlling shareholders—global private equity… Read More
PAG Asia Capital Limited, a private equity firm focused on China and other regions across Asia, has become a cornerstone investor in the Shanghai-listed securities firm Haitong Securities’ upcoming initial public offering in Hong Kong. PAG is purchasing shares valued at US$300 million as part of a potential US$1.8… Read More
The private equity arm of Brazilian financial services firm BR Partners has acquired a minority stake in Grupo Sequoia, a local company focused on e-commerce logistics. The financial details of the transaction were not disclosed. Grupo Sequoia plans to use the funding to expand its operational capabilities and invest… Read More
IFC and Islamic Development Bank (IDB) are investing up to US$100 million to support the construction of infrastructure projects across the Middle East and North Africa. The organizations are each investing US$50 million in the Arab Infrastructure Investment Vehicle (AIIV), which is expected to grow to between US$300 million… Read More
Zephyr Peacock India, part of global private equity and marketable securities firm Zephyr Management, has held a first close on Zephyr Peacock India Fund III with US$50 million in commitments. The fund, which is targeting US$150 million in total commitments, plans to invest between US$5 million and US$15 million… Read More
BI Private Equity New Markets (PENM), a part of Danish asset management company BankInvest that offers equity capital to unlisted Vietnamese companies, has purchased an additional 3.5 million shares of Masan Group, a holding company with interests in a variety of sectors including consumer products, financial services and resources,… Read More
Global investment firm Kohlberg Kravis Robert & Co. (KKR) has agreed to invest US$65 million in China Cord Blood Corporation (CCBC), a Chinese umbilical cord blood banking operator. The investment, which will be made through the KKR China Growth Fund, will be used in part to support the company’s… Read More
Aditya Birla Capital Advisors (ABCAP), the private equity arm of the Aditya Birla Financial Services Group, has invested approximately US$20 million in India’s Trimax IT Infrastructure and Services. The investment was made via the Aditya Birla Private Equity – Fund I. The company plans to use the proceeds to… Read More
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