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The Abraaj Group Agrees to Acquire a Majority Stake in Quality CARE India (Asia, MENA)
Global growth markets investor The Abraaj Group has agreed to acquire a majority stake in India-based healthcare provider Quality CARE India from global private equity firm Advent International. Abraaj reportedly agreed to purchase a 72 percent stake in the company from Advent, valuing the company at more than US$269 million. The transaction is subject to customary closing conditions. Separately, Abraaj… Read More
LIV Capital Reaches an MXN2.88 Billion First Close for Mexico Growth Fund IV (Latin America)
Mexico-focused growth equity and venture capital investor LIV Capital has reached a first close on its Mexico Growth Fund IV with MXN2.88 billion (approximately US$168 million) in capital commitments. LIV Capital raised the first close amount through a Certificado de Capital de Desarrollo (CKD) on the Mexican Stock Exchange, representing the Mexican investment vehicle of Fund IV. LIV is targeting… Read More
Vantage Capital Exits Packaging Company TrenStar (Sub-Saharan Africa)
Pan-African mezzanine fund manager Vantage Capital has fully exited its investment in South Africa-based recyclable packaging company TrenStar. Following the exit, the new investors in TrenStar are South Africa-focused private equity fund manager Kleoss Capital, South Africa-based financial services and private equity firm Leaf Capital and TrenStar management. Kleoss Capital’s transaction was structured through Kleoss Capital Fund I. Vantage originally… Read More
Update: The Abraaj Group Acquires a Stake in Cellulose Processing (MENA)
Global growth markets investor The Abraaj Group has acquired a minority stake in Algeria-based baby diaper and feminine sanitary pad manufacturer and distributor Cellulose Processing (CEPRO) from North Africa-focused private equity firm Mediterrania Capital Partners. The transaction, which represents a full exit for Mediterrania, was structured through Abraaj’s Abraaj North Africa Fund II and Mediterrania’s Fons Mediterrania Capital. Abraaj intends… Read More
The Abraaj Group Acquires a Minority Stake in Algeria-based Cellulose Processing (MENA)
Global growth markets investor The Abraaj Group has acquired a minority stake in Algeria-based baby diaper and feminine sanitary pad manufacturer and distributor Cellulose Processing (CEPRO). The transaction was structured through Abraaj North Africa Fund II. Abraaj intends to work with CEPRO to increase the company’s production capacity and efficiency, diversify its product offering, enhance marketing efforts and expand its… Read More
Warburg Pincus, Matrix Partners, Sequoia Capital and GSR Ventures Invest in Yunniao.me (Asia)
Global private equity firm Warburg Pincus has led a US$100 million Series C financing round for Yunniao.me, a China-based online-to-offline courier service. Existing investors, venture capital firms Matrix Partners, Sequoia Capital and GSR Ventures, also participated in the round. Yunniao.me intends to use the new capital to improve research and development and to expand its services to more cities in… Read More
Zai Lab Raises More than US$100 Million from Advantech Capital, OrbiMed Advisors and Others (Asia)
Advantech Capital, a China-focused private equity fund, has led a Series B financing round of more than US$100 million for China-based biopharmaceutical company Zai Lab. Healthcare-focused investment firm OrbiMed Advisors and existing investors, venture capital firms Qiming Ventures, Sequoia Capital China and TF Capital, also participated in the round. Zai Lab intends to use the new capital to support its… Read More
Global Environment Fund Buys Stake in Tecverde Engenharia for BRL20 Million (Latin America)
Global alternative asset manager Global Environment Fund has invested BRL20 million (approximately US$5 million) in Brazil-based engineering company Tecverde Engenharia for a 35 percent to 40 percent stake. Tecverde produces building materials used in home construction. Read More
Gulf Capital Reaches a First Close for Gulf Credit Opportunities Fund II (MENA, Sub-Saharan Africa)
Middle East-focused alternative asset manager Gulf Capital has reached a first close for its second credit and mezzanine fund, Gulf Credit Opportunities Fund II, with US$175 million in capital commitments. The fund, which has a target of US$250 million and hard cap of US$300 million, will provide financing to mid-market companies operating in the Middle East, North Africa, Turkey and… Read More
Olympus Capital Asia Invests US$30 Million in CreditAccess Asia (Asia)
Asia-focused middle market private equity firm Olympus Capital Asia has agreed to invest at least US$30 million in CreditAccess Asia, an Asia-focused microfinance operator active India and Southeast Asia. CreditAccess Asia plans to use the new capital to expand its retail lending operations across Asia. Read More
Highlander Partners Acquires a Majority Stake in QFG and Exits MEDI-system (CEE and CIS)
North America- and Central Europe-focused private equity firm Highlander Partners has acquired a 60 percent stake in QFG, a Poland-based producer of meat products for convenience food retailers. The company plans to use the new funds to increase its production capacity. Separately, Highlander Partners has sold a 50 percent stake in Poland-based long-term dependency care provider MEDI-system to ORPEA, a… Read More
PAG Asia Capital Reaches a US$3.6 Billion Final Close for PAG Asia II (Asia)
PAG Asia Capital, the private equity arm of Asia-focused alternative investment management firm PAG, has reached a final close for its second Asia-focused buyout fund, PAG Asia II, with US$3.6 billion in capital commitments. The fund, which was oversubscribed, will target major markets in Asia with a focus on buyout opportunities. Read More