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.
Mid Europa Partners to Acquire Regina Maria from Advent International (CEE and CIS)
Mid Europa Partners, a private equity firm focused on Central Europe and Turkey, has agreed to acquire Romania-based healthcare services company Regina Maria from global private equity investor Advent International and the Enayati family, founders of the company. The transaction is subject to anti-trust clearance and is expected to close in the fourth quarter of 2015. Financial details of the… Read More
Accion’s Frontier Investments Group and Redpoint eventures Invest in BankFacil (Latin America)
Accion’s Frontier Investments Group, a venture equity initiative focused on the financial sector in emerging markets, and Redpoint eventures, a Brazil-focused venture capital firm, have invested BRL10 million (approximately US$2.9 million) in a Series A round of funding for Brazil-based consumer lending company BankFacil. The company secures its loans with assets, such as real estate or vehicles, and uses digital… Read More
Navis Capital Partners Sells ECO Industrial Environmental Engineering to Beijing Capital Group(Asia)
Southeast Asia-focused private equity firm Navis Capital Partners has sold Singapore-based waste management company ECO Industrial Environmental Engineering to China-based wastewater treatment, water construction and real estate development company Beijing Capital Group for SGD246 million (approximately US$180 million). Navis originally acquired a controlling stake in the company in 2007. Read More
Zimmber Raises INR128 Million from IDG Ventures India, Omidyar Network and Sherpalo Ventures (Asia)
Venture capital firm IDG Ventures India, philanthropic investment firm Omidyar Network and India-focused investment firm Sherpalo Ventures have invested INR128 million (approximately US$2 million) in India-based Rejuvenate Solutions, operator of online home services company Zimmber. The company will use the fresh capital for hiring and to expand into new markets in India. Read More
CDIB Capital Asia Partners Reaches a Final Close with US$405 Million in Capital Commitments (Asia)
CDIB Capital International Corporation, the international private equity arm of China Development Financial, has a reached a final close for CDIB Capital Asia Partners with US$405 million in capital commitments. The fund will invest in the consumer and retail, advanced manufacturing and business services sectors in China and the broader Asia-Pacific region. Read More
Investec Asset Management Invests in IHS Towers (Sub-Saharan Africa)
Africa-focused asset management firm Investec Asset Management has completed a follow-on investment in Nigeria-based mobile telecommunications infrastructure provider IHS Towers. Investec originally invested in IHS in 2011. The company will use the new capital to acquire, build and integrate new towers. Financial details of the transaction were not disclosed. Read More
KKR to Invest US$150 Million in India-based JBF Group(Asia)
Global investment firm KKR has agreed to invest US$150 million in India-listed manufacturer of polyester value-chain products JBF Group. KKR will acquire a 20 percent stake in JBF, while the remaining proceeds will be invested in zero-coupon convertible preference shares with 14.5 percent voting rights in JBF’s unlisted subsidiary, JBF Global. The transaction will be primarily structured through KKR Special… Read More
India Value Fund Advisors Reaches a US$700 Million Final Close on Indium V (Asia)
India Value Fund Advisors (IVFA), a firm focused on investing in mid-sized businesses, has reached a final close for its Indium V fund with US$700 million in capital commitments. The fund—which reached its hard cap—attracted about 25 investors, including Canada Pension Plan Investment Board and Australian sovereign wealth fund Future Fund. The fund is sector-agnostic and will primarily seek control… Read More
Northgate Capital Acquires a Majority Stake in Elara Comunicaciones (Latin America)
Global private equity fund manager Northgate Capital has acquired a majority stake in Elara Comunicaciones, a Mexico-based satellite telecommunication and technology services company. Northgate will invest up to US$38 million in the company through both primary and secondary transactions. Elara will use the fresh capital to expand its product offerings and geographic coverage. Read More
The Carlyle Group Invests RMB530 Million in Beijing Ubox Technology & Trade (Asia)
Global alternative asset manager The Carlyle Group has invested RMB530 million (approximately US$87 million) in Beijing Ubox Technology & Trade, a China-based vending machine operator. The investment was structured through Carlyle Beijing Partners Fund. The company will use the new capital to expand its vending machine network in China and improve its digital marketing and advertising business. Read More
The Rohatyn Group, Baring Asia, IDFC Alternatives and Samara Capital Sell to BNP Paribas (Asia)
Global bank BNP Paribas has agreed to acquire India-based online brokerage company Sharekhan, which is backed by private equity firms The Rohatyn Group, Baring Private Equity Asia, IDFC Alternatives and Samara Capital. BNP Paribas is acquiring 100 percent of the company for a reported INR22 billion (approximately US$344 million). The transaction is subject to regulatory approval. Read More
EQT to Exit Bulgaria-based Cable Operator Blizoo to Telekom Austria Group (CEE and CIS)
Europe-focused private equity firm EQT has agreed to sell Bulgaria-based cable operator Blizoo to Austria-based telecommunications company Telekom Austria Group. The transaction, which will be structured through EQT V, is subject to regulatory approval and is expected to close in the fourth quarter of 2015. Financial details of the transaction were not disclosed. Read More