Washington, D.C. – Global limited partners (LPs) continue to expect their commitments to emerging markets private equity (EM PE) to increase, reflecting investor optimism about these markets’ ability to outperform developed markets, according to the latest EMPEA Global Limited Partners Survey. Three-quarters (75%) of LPs expect their commitments to emerging… 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
EMPEA’s 8th Annual Global Limited Partners Survey collected the views of 106 LPs from 28 countries around the world to better understand their changing attitudes toward private equity investing in emerging markets. This study provides EMPEA Members and the broader industry with a greater understanding of how LPs view the… 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
International private equity firm CVC Capital Partners has agreed to acquire Hong Kong Broadband Network (HKBN) and IDD businesses from City Telecom. HKBN is a broadband operator in Hong Kong, which owns and operates a fiber network. The transaction is valued at approximately HK$5 billion (US$644 million), which will… Read More
U.S.-based provide equity fund manager Pegasus Capital Advisors has agreed to acquire the Thailand-based luxury resort and spa business of Six Senses Resorts & Spas. The value of the investment is undisclosed. Under the terms of the transaction, Pegasus will acquire all of the Six Senses and Evason branded… Read More
Singapore’s sovereign wealth fund, the Government of Singapore Investment Corporation (GIC) and Baring Private Equity Partners India are jointly investing approximately US$100 million in Bombay Stock Exchange-listed consumer products company Marico. VCCircle estimates that GIC is investing roughly US$75 million for a 3.4 percent stake in the company, while… Read More
China-based alternative asset fund manager CDH Investments has invested HKD250 million (approximately US$32 million) in Hong Kong-listed jewelry manufacturer and designer Tse Sui Luen Jewellery (International) via the purchase of convertible bonds. CDH has an option to purchase additional convertible bonds worth up to HKD200 million (approximately US$26 million). Read More
Global venture capital firm Sequoia Capital has exited part of its stake in Bona Film, a Chinese film distributor, to the company founder for approximately US$16.5 million. The private equity firm agreed to sell 1.5 million ordinary shares to Founder, Chairman and CEO Dong Yu at US$11 apiece, a… Read More
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