GPCA covers the latest fund, investment and industry news across our markets in two newsletters: NewsWatch is a weekly round-up of key transactions across asset classes; the Global Tech Brief is a bi-weekly review of tech transactions and innovations with cross-border applications. Subscribe in the left-hand sidebar.
Access past editions of NewsWatch here.
Black River Asset Management Acquires Brazil-based Sugarcane Mills (Latin America)
Global asset management company Black River Asset Management has completed the purchase of two Brazil-based sugarcane mills from Brazil-based sugar and ethanol company Ruette Group. The deal totaled BRL830 million (approximately US$209 million), including BRL530 million (approximately US$134 million) in debt financing. The transaction was structured through Black River Agriculture Fund 2. Read More
Sequoia Capital Leads an INR400 Million Series A Financing Round for B9 Beverages (Asia)
Venture capital firm Sequoia Capital has led an INR400 million (approximately US$6 million) Series A financing round for India-based craft brewery B9 Beverages, which markets the brand Bira 91. A number of angel investors also participated in the round. The company intends to use the new capital for marketing and for establishing a new plant in the Indian state of… Read More
Actis Agrees to Exit Its Stake in Guatemala-based Energuate to I.C. Power (Latin America)
Pan-emerging markets private equity firm Actis has agreed to sell Guatemala-based private electricity distribution company Energuate to I.C. Power, a developer and operator of power generation facilities in Latin America, for US$229.5 million. I.C. Power will acquire the company from Deorsa-Deocsa Holdings, an investment company of Actis. The acquisition is subject to customary closing conditions and is expected to close… Read More
Mid Europa Partners Agrees to Sell Bité Group to Providence Equity Partners (CEE and CIS)
Mid Europa Partners, a private equity firm focused on Central and Eastern Europe and Turkey, has agreed to sell Bité Finance International (Bité Group), a mobile operator focused on the Baltic countries, to global private equity firm Providence Equity Partners. Bité Group provides a range of mobile services, internet access and data services for business and residential customers, primarily in… Read More
KKR Agrees to Create a Global Oil and Gas Services Platform (Global)
Global investment firm KKR has agreed to pursue acquisitions and investment opportunities by establishing a platform to provide asset management services to the oil and gas industry globally. KKR’s investment in the platform will be made primarily by the KKR Asian Fund II. The platform aims to become an integrated services provider for engineering, maintenance, repair and overhaul services for… Read More
IDFC Alternatives Buys a 37 Percent Stake in Dewas Bhopal Corridor (Asia)
India-focused private equity firm IDFC Alternatives has agreed to purchase a 37 percent stake in India-based highway operator Dewas Bhopal Corridor from India-based infrastructure company Welspun Enterprises at an enterprise value of INR6.6 billion (approximately US$100 million). The transaction, which was structured through India Infrastructure Fund II, includes a contingent deferred consideration of INR340 million (approximately US$5.1 million) and a… Read More
Zephyr Peacock India, Omidyar Network, Aavishkaar and I3N Invest in Swarna Pragati Housing (Asia)
India-based housing microfinance lender Swarna Pragati Housing has raised a Series B financing round from India-focused private equity firm Zephyr Peacock India, philanthropic investment firm Omidyar Network, impact fund advisory firm Aavishkaar and angel network Intellecap Impact Investment Network (I3N). The round was worth a reported INR1 billion (approximately US$15 million), and together the investors acquired about a 15 percent… Read More
General Atlantic to Invest BRL600 Million in Brazil-based Pague Menos Pharmacies (Latin America)
Global growth equity firm General Atlantic has committed to invest BRL600 million (approximately US$150 million) in Brazil-based drugstore retail chain Empreendimentos Pague Menos (Pague Menos Pharmacies) for a 17 percent stake in the company. As part of the deal, Pague Menos will issue BRL440 million (approximately US$110 million) worth of new stock that will be subscribed by General Atlantic. General… Read More
The Abraaj Group Partially Exits Its Stake in UNIMED (MENA)
Global growth markets investor The Abraaj Group and French development finance institution Proparco have sold a combined 83 percent stake in Tunisia-based pharmaceutical company Unité de Fabrication de Médicaments (UNIMED). The firms sold the stake to a consortium of investors including asset managers SQM Frontier Management and Blakeney Asset Management, and the Tunisian-Kuwaiti Consortium of Development. Financial details of the… Read More
LIV Capital Acquires an Additional Stake in Ánima Estudios (Latin America)
Mexico-focused growth equity and venture capital investor LIV Capital has made a follow-on investment in Mexico-based digital animation company Ánima Estudios. The transaction was structured through Latin Idea México Venture Capital Fund III. LIV Capital originally invested in the company in July 2013. Financial details of the transaction were not disclosed. Read More
Apis Partners Agrees to Acquire a Minority Stake in MicroCred (Sub-Saharan Africa, Asia)
Apis Partners, a private equity asset manager focused on financial services in Africa and Asia, has agreed to acquire a minority stake in Africa- and Asia-focused financial services provider MicroCred Holdings. The company offers credit products, savings accounts and access to electronic payment services, and intends to accelerate the expansion of its products and customer base. Financial details of the… Read More
Baring Private Equity Asia Acquires HCP Packaging from TPG Capital for US$775 Million (Asia)
Asia-focused private equity firm Baring Private Equity Asia has acquired China-based packaging company HCP Packaging from global private investment firm TPG Capital for a reported US$775 million. HCP Packaging designs luxury lipstick and make-up containers for cosmetics manufactures such as L’Oreal, Revlon and Shiseido. TPG originally acquired HCP Packaging in 2012 through its fund TPG Asia V. Read More