Asia-focused private equity firm Navis Capital Partners has indirectly invested in Vietnamese seafood processing company Go Dang Joint Stock Company (Godaco) through a holding company, Panga Hold Co. The investment will allow Godaco to accelerate its expansion plans and increase global exports of its two key products, Pangasius and… Read More
Henderson Equity Partners, the private equity arm of U.S.-based investment firm Henderson Global Investors, sold 8.2 percent of the equity shares of Indian sanitary products manufacturer Hindustan Sanitaryware & Industries Limited (HSIL) through a share sale on the Bombay Stock Exchange. The shares were valued at INR678.2 million (approximately… Read More
India-focused private equity firm India Equity Partners (IEP) has begun exiting from Manappuram, an Indian non-banking financial company specializing in gold loans. IEP sold 18 million shares, equivalent to a 2.13 percent equity stake, on the National Stock Exchange of India for INR770 million (approximately US$14.2 million). The firm… Read More
Bain Capital and Goldman Sachs Capital Partners, the private equity arm of Goldman Sachs, have reduced their holdings in two Chinese companies listed on the Hong Kong Stock Exchange. Bain Capital partially divested its holdings in real estate developer Sunac China Holdings for HKD540 million (approximately US$70 million), retaining… Read More
Pan-Asian energy and infrastructure-focused fund manager Equis Funds Group has closed its first fund, Equis Asia Fund I, with US$647 million in commitments, exceeding the fund’s original target of US$500 million. The fund raised capital from endowments, insurance companies, pension and superannuation funds, and multilaterals from North America, Europe… Read More
As 2012 came to a close, EMPEA reached out to a number of the industry’s leading practitioners to solicit their reflections on the year gone by, and to glean insights on the prospects for emerging markets private equity in the year ahead. The Global Firms’ Views Paul Fletcher, Senior Partner,… Read More
The Abraaj Group, a private equity investment firm focused on global growth markets, has announced its exit from Thai restaurant chain Hot Pot through an initial public offering on the Stock Exchange of Thailand. The Abraaj Group invested in the chain through its first Southeast Asia fund in 2006,… Read More
Chinese digital media operator Focus Media has agreed to a merger agreement with holding company Giovanna Parent and its subsidiary Giovanna Acquisition, in which Focus Media will be acquired for US$27.50 per American Depositary Share (equivalent to five ordinary shares). Following the merger, Giovanna Parent will be owned by… Read More
Viewpoint from EMPEA President and CEO SARAH ALEXANDER Raising funds, particularly for mid-sized private equity funds, is more difficult than it has been in years. EMPEA’s Q3 statistics show a difficult environment for fundraising on a pan-emerging market basis. Through the first nine months of the year, 110 funds raised… Read More
Download the full article here. Over the last few years, we have seen a significant drop in private equity capital flowing into emerging markets, with a greater percentage of this funding concentrating on a fewer number of larger funds active in a handful of core markets. Average… Read More
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