Egeli & Co. Investment Holding, part of Egeli & Co. Asset Management, a Turkey-based asset management company focused on alternative asset classes, has announced an agreement to purchase 70.04 percent of the outstanding share capital of Ak B Tipi Yatirim Ortakligi, a Turkish securities investment trust. The value of… 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
Zeder Investments Limited, an agriculture-focused investment company listed on the Johannesburg Stock Exchange, has announced that it is committing US$46.7 million to acquire and expand an agricultural business that will be known as Chayton Africa. The investment coincides with Chayton Atlas Agricultural Company, currently a private equity fund, transforming… Read More
South African fund manager Ethos Private Equity has confirmed the sale of a 12.4 percent shareholding in Johannesburg Stock Exchange-listed Holdsport. The stake represented the residual portion Ethos retained following the IPO of the South African sporting, leisure and recreational goods retailer in the second half of 2011. Holdsport… 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
Baring Vostok Capital Partners (BVCP), a private equity firm operating in Russia and the CIS, has acquired a 27 percent stake in the United Medical Group holding company, which is the parent company of the Moscow-based medical services provider European Medical Center Group of Companies (GEMC). The deal is… 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
Asia-based private equity fund manager RRJ Capital and Temasek, Singapore’s state investment agency, are investing approximately US$600 million to anchor Kunlun Energy’s US$1.35 billion public capital raising. Kunlun Energy, a Hong Kong-listed unit of PetroChina, is a Chinese oil and gas exploration, development and production company. The company plans… Read More
Global private equity firm CVC Capital Partners has announced its sale of StarBev to Molson Coors Brewing Company for EUR2.65 billion (US$3.47 billion). Headquartered in Amsterdam, Netherlands and Prague, Czech Republic, StarBev operates nine breweries in Central and Eastern Europe. CVC invested US$1.2 billion in StarBev L.P. for it… Read More
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