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The Carlyle Group and Huo’s Group to Buy a 75 Percent Stake in Tongyi Lubricants from Shell (Asia)
Global alternative asset manager The Carlyle Group and China-based conglomerate Huo’s Group have agreed to acquire a 75 percent stake in China-based Tongyi Lubricants, a lubricant supplier founded as a joint venture of Huo’s Group and global energy company Shell, from Shell. Carlyle’s investment will be structured through Carlyle Asia Partners IV. The transaction is subject to regulatory approvals and… Read More
Macquarie Infrastructure & Real Assets Invests INR7.8 Billion in Ind-Barath Power Infra (Asia)
Global infrastructure asset manager Macquarie Infrastructure & Real Assets has invested INR7.8 billion (approximately US$122 million) in India-based power producer Ind-Barath Power Infra (IBPIL). The investment provided an exit for global private equity firm 3i Group, which originally invested in IBPIL in 2011. IBPIL will use the fresh capital to develop a thermal power project in the Indian state of… Read More
EQT Sells Singapore-based Classic Fine Foods Group to Germany-based Metro Group (Asia)
Private equity group EQT has sold Singapore-based food service distributor Classic Fine Foods Group (CFF) to Germany-based retailing company Metro Group. The transaction values CFF at an initial enterprise value of US$290 million, with an additional earn-out of up to US$38 million based on the company’s performance in 2015 to 2017. The transaction was structured through EQT Greater China II… Read More
Genesis Capital Reaches a First Close for GPEF III with EUR45 Million in Commitments (CEE and CIS)
Czech Republic- and Slovakia-focused private equity firm Genesis Capital has reached a first close for Genesis Private Equity Fund III (GPEF III) with EUR45 million (approximately US$49 million) in capital commitments. Investors in the first close included: development finance institution European Investment Fund, Czech Republic-based bank Česká spořitelna, Czech Republic-based asset manager Investment Company of Komercni banka (IKS KB), Finland-based… Read More
Livonia Partners Reaches a First Close for Its Maiden Fund with EUR70 Million (CEE and CIS)
Livonia Partners, a private equity firm focused on the Baltics, has reached a first close for its maiden fund Livonia Partners Fund I with EUR70 million (approximately US$77 million) in capital commitments. Investors in the first close included European Union lender European Investment Bank, development finance institution European Bank for Reconstruction and Development and asset manager Swedbank Investment Management. The… Read More
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