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InvAscent’s India Life Sciences Fund II Invests INR1 Billion in Sunshine Hospitals (Asia)
India-focused private equity firm InvAscent has invested INR1 billion (approximately US$15 million) in India-based Sarvejana Healthcare, operator of hospital chain Sunshine Hospitals. The transaction was structured through India Life Sciences Fund II, a fund managed by InvAscent. As part of the company’s expansion plans in India, Sunshine Hospitals will use the new capital to seek long-term real estate leases and… Read More
The Carlyle Group Buys a 37 Percent Stake in India-based Metropolis Healthcare (Asia)
Global alternative asset manager The Carlyle Group has bought a 37 percent stake in Metropolis Healthcare, an India-based pathology laboratory service provider, from company shareholder Dr. GSK Velu and his affiliates. Financial details of the transaction, which was structured through Carlyle Asia Partners IV, were not disclosed. Read More
AfricInvest Exits Kenya-based Brookhouse Schools (Sub-Saharan Africa)
Pan-African private equity firm AfricInvest has sold its stake in Kenya-based private school company Brookhouse Schools to United Kingdom-based education-focused investment firm Educas. The transaction was structured through AfricInvest Fund II, which initially invested in the company in 2010. Financial details of the transaction were not disclosed. Read More
MBK Partners, CPPIB, PSPIB and Temasek Holdings to Acquire Homeplus for US$6.1 Billion (Asia)
A consortium of investors led by North Asia-focused private equity firm MBK Partners has agreed to acquire Homeplus, the South Korea-based subsidiary of United Kingdom-based retailer Tesco, for GBP4 billion (approximately US$6.1 billion) in cash. The consortium also includes Canadian pension funds Canada Pension Plan Investment Board (CPPIB) and Public Sector Pension Investment Board (PSPIB), as well as Singaporean sovereign… Read More
STIC Investments and Korea’s NPS to Support CJ Korea Express’s Acquisition of Rokin Logistics (Asia)
Pan-Asia private equity firm STIC Investments and Korea’s National Pension Service (NPS) have agreed to support Korea-based logistics company CJ Korea Express’s acquisition of a majority stake in China-based logistics company Rokin Logistics. The total transaction amount will be KRW455 billion (approximately US$378 million). STIC and NPS will structure their investment through STIC CJ Global Investment Partnership, a fund sponsored… Read More
Baring Vostok Capital Partners and Capital Group Private Markets Exit Europlan (CEE and CIS)
Russia and CIS-focused private equity firm Baring Vostok Capital Partners and global private equity firm Capital Group Private Markets have fully exited their stakes in Russia-based auto leasing company Europlan as part of Russia-based lender B&N Bank’s 100 percent acquisition of the company. Capital Group’s exit was structured through Capital International Private Equity Fund IV. Financial details of the transaction… Read More
Zephyr Peacock India Partially Exits Pennar Engineered Building Systems via IPO (Asia)
India-focused private equity firm Zephyr Peacock India has partially exited its stake in India-based pre-engineered steel building manufacturer Pennar Engineered Building Systems in an initial public offering (IPO) on the National Stock Exchange and the Bombay Stock Exchange, returning INR892 million (approximately US$13.5 million) to Zephyr Peacock. Zephyr Peacock originally invested in the company in 2013 through Zephyr Peacock India… Read More
IDG Ventures India Participates in a Series C Funding Round for Zivame (Asia)
India-based online lingerie retailer Zivame has raised a INR2.5 billion (approximately US$38 million) Series C investment round from venture capital fund Zodius Technology Fund and Government of Malaysia investment fund Khazanah Nasional Berhad. Venture capital firms IDG Ventures India, Unilazer and Kalaari Capital, all existing investors in the company, also participated in the round. Zivame will use the new funds… Read More
DILA Capital Invests in Mexico-based Online Bus-ticketing Platform Reserbus (Latin America)
Mexico-focused venture capital firm DILA Capital has invested in Mexico-based online bus-ticketing platform Reserbus. The company seeks to develop a system to aggregate bus ticketing across Mexico’s independent bus operators. Financial details of the transaction were not disclosed. Read More
Templeton Asset Management Invests US$15.8 Million in Vietnam-based Indo Trans Logistics (Asia)
Templeton Asset Management, a financial services subsidiary of Franklin Templeton Investments, has invested US$15.8 million in Indo Trans Logistics Corporation (ITL), a Vietnam-based third-party logistics and warehousing company. The transaction was structured through Templeton Strategic Emerging Markets Fund IV, which is managed by the Templeton Emerging Markets Group of Templeton Asset Management. ITL will use the new funds to support… Read More
Capillary Technologies Raises US$45 Million (Asia)
Global private equity firm Warburg Pincus has led a US$45 million Series C funding round for Singapore-based cloud software company Capillary Technologies. Venture capital firms Sequoia Capital and Norwest Venture Partners, both existing investors in the company, also participated in the round. Capillary will use the fresh capital to expand its offerings by broadening its product suite, as well as… Read More
AIIM Partners with Hydroneo Afrique to Develop Hydro Power Plants (Sub-Saharan Africa)
Africa-focused private equity infrastructure fund manager African Infrastructure Investment Managers (AIIM) has partnered with Hydroneo Afrique, a subsidiary of global hydro power plant equipment manufacturer MECAMIDI, to develop a pipeline of hydro power projects in Sub-Saharan Africa. AIIM and Hydroneo Afrique will establish a 50/50 joint venture to develop, finance, build, own and operate a number of small and medium… Read More