Brookfield Asset Management has agreed to acquire a 100 percent interest in the tower assets of India-based telecommunications provider Reliance Communications for INR110 billion (approximately US$1.6 billion). Brookfield will invest through NYSE- and TSX-listed Brookfield Infrastructure Partners. The transaction is subject to regulatory and shareholder approval. Read More
Private equity investment advisory firm Tridevi Capital has agreed to invest US$20 million in Prabha Energy (PEPL), a subsidiary of Bombay Stock Exchange- and National Stock Exchange-listed oil and gas exploration company Deep Industries. Tridevi made the investment through a subscription of compulsorily convertible debentures, which will represent a 40… Read More
Download the full report here. The Big Picture: An Introduction to Health Care and Private Equity in Emerging Markets When TMG Capital invested in Brazil-based insulin producer Biomm Technology in 2013, the private equity fund manager saw an opportunity to address growing domestic demand for pharmaceutical products by… Read More
India-focused private equity firm Kedaara Capital has agreed to invest INR4.3 billion (approximately US$63 million) for a minority stake in India-based medical diagnostic chain Vijaya Diagnostic Centre. Vijaya provides diagnostic services spanning radiology, imaging, nuclear medicine, conventional and specialty laboratory services and diagnostic cardiology. The company operates 30 locations in… Read More
China-focused private investment firm Primavera Capital Group has reached a final close for its second U.S. dollar-denominated China-focused fund with US$1.9 billion in commitments, surpassing its US$1.5 billion target. Investors in the fund include Pennsylvania State Employee’s Retirement System, Taiwan Semiconductor Manufacturing, the Second Swedish National Pension Fund, China-based Taikang… Read More
China-focused growth capital fund manager China New Enterprise Investment (CNEI) has exited its 13 percent stake in China-based automotive and engine design service provider IAT Automobile Technology through block trades on China’s National Equities Exchange & Quotations for US$28 million. CNEI, which originally invested in IAT Automobile in 2009, reportedly… Read More
South and Southeast Asia-focused private equity firm Creador Capital has reached a final close for its third fund with US$415 million in capital commitments. Investors in the fund reportedly include global private markets asset managers and advisors Hamilton Lane, Siguler Guff & Company and Hermes GPE. The fund will invest… Read More
CGN Private Equity Fund Management Company has reached a third close for CGN Capital Partners Infrastructure Fund III with CNY3.3 billion (approximately US$478 million) in commitments. Investors in the fund include Industrial and Commercial Bank of China, Agricultural Bank of China, Post Savings Bank of China, China Cinda Asset Management,… Read More
Global private equity firm Warburg Pincus has reached a final close for Warburg Pincus China with US$2 billion in capital commitments. Investors in the fund include public and private pension funds, sovereign wealth funds, insurance companies, endowments, foundations and high-net worth individuals. The Washington State Investment Board reportedly committed US$200… Read More
Frontier markets-focused private equity firm InFrontier has reached a first close for InFrontier Afghanistan Fund with US$22 million in capital commitments. Investors in the fund include development finance institutions CDC Group, which committed US$15 million, and the Dutch Good Growth Fund. The fund is targeting a final close in 2017. Read More
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