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China’s CDB Raises US$1.4 Billion for Private Equity Fund (Asia)

CDB Capital, the fund management arm of China Development Bank, has reportedly raised RMB9 billion (approximately US$1.4 billion) for a private equity fund of funds. The CDB Guochuang Kaiyuan Private Equity Fund of Funds is targeting RMB10 billion in total commitments. The fund is part of the Guochuang Fund of Funds, created in December 2010 by CDB Capital and Chinese… Read More

CapMan Invests in Top League (CEE/CIS)

CapMan Russia, a Russian private equity fund managed by CapMan, has acquired a minority stake in local sporting goods retail chain Top League. The chain currently consists of 55 stores located in 16 cities in the Southern, North-Caucasus and Central Federal Districts of Russia. The funding will be used to accelerate the company’s expansion across Russia over the next few… Read More

SAIF and Accel Lead Second Round of Funding for PropTiger (Asia)

Private equity and venture capital firms SAIF Partners and Accel Partners have jointly invested in PropTiger Realty Private Limited, which runs PropTiger.com, an Indian technology-enabled real estate marketing services platform. The deal is valued at INR250 million (approximately US$5 million). The company plans to use the new funding to further strengthen its position in the top eight Indian cities where… Read More

GP Investments Announces the Sale of its Remaining Stake in BR Properties (Latin America)

GP Investments, an alternative asset investment firm in Latin America, has sold its remaining stake in Brazilian commercial property company BR Properties. GP Investments founded BR Properties in 2006 with an initial investment of US$25 million from, in part, its private equity fund GP Capital Partners III (GPCPIII). GPCPIII invested a total of US$49.2 million in BR Properties, which generated… Read More

TVS Logistics Announces an Investment by KKR and Goldman Sachs (Asia)

TVS Logistics Services, an Indian provider of logistics solutions across multiple verticals including automotive, distribution, electronics and discrete component manufacturing, has reached an agreement with an affiliate of Kohlberg Kravis Roberts & Co. and Goldman Sachs. The deal is valued at approximately US$53 million, of which KKR will invest approximately US$47 million. The primary proceeds will be used to further… Read More

General Atlantic Raises US$129 Million Through Zhongsheng Sale (Asia)

Global private equity firm General Atlantic has completed its third partial exit from Chinese automobile dealership group Zhongsheng Group, reducing the firm’s stake in the company to an approximate 5 percent. The value of the transaction is estimated at US$129 million. General Atlantic reportedly sold 65 million shares of the Hong Kong-listed company at a price of HKD15.38 each. Read More

Olympus Capital Buys 4.8 Percent in Karur Vysya for US$38.34 Million (Asia)

Asia-focused middle market private equity firm Olympus Capital Holdings Asia has acquired a 4.8 percent stake in India-based Karur Vysya Bank. The PIPE transaction is valued at approximately US$38.34 million. The stake was purchased through market transactions on the Bombay Stock Exchange and the National Stock Exchange of India. Read More

Brazil’s Qualicorp Raises BRL674 Million from Share Sale (Latin America)

The controlling shareholders of Brazilian healthcare company Grupo Qualicorp have raised BRL674 million (approximately US$364 million) from a secondary offering on the Brazilian stock exchange (BM&FBOVESPA). Over 40 million shares were sold at a price of BRL16.50 each. The amount raised could increase if the controlling shareholders—global private equity firm The Carlyle Group and Qualicorp founder Jose Seripieri Filho—decide to… Read More

PAG Backs Haitong’s US$1.8 Billion Hong Kong Offering (Asia)

PAG Asia Capital Limited, a private equity firm focused on China and other regions across Asia, has become a cornerstone investor in the Shanghai-listed securities firm Haitong Securities’ upcoming initial public offering in Hong Kong. PAG is purchasing shares valued at US$300 million as part of a potential US$1.8 billion offering. PAG joins a group of 10 additional cornerstone investors,… Read More

BR Partners Secures Sequoia Stake (Latin America)

The private equity arm of Brazilian financial services firm BR Partners has acquired a minority stake in Grupo Sequoia, a local company focused on e-commerce logistics. The financial details of the transaction were not disclosed. Grupo Sequoia plans to use the funding to expand its operational capabilities and invest in the automation of logistical processes. Read More

IFC and IDB Invest US$100 Million to Support Infrastructure Development in MENA (MENA)

IFC and Islamic Development Bank (IDB) are investing up to US$100 million to support the construction of infrastructure projects across the Middle East and North Africa. The organizations are each investing US$50 million in the Arab Infrastructure Investment Vehicle (AIIV), which is expected to grow to between US$300 million and US$500 million. AIIV will be managed by EMP AIM, a… Read More

Zephyr Peacock India Holds First Close on Zephyr Peacock India Fund III (Asia)

Zephyr Peacock India, part of global private equity and marketable securities firm Zephyr Management, has held a first close on Zephyr Peacock India Fund III with US$50 million in commitments. The fund, which is targeting US$150 million in total commitments, plans to invest between US$5 million and US$15 million in small- and medium-sized companies across a number of sectors, including… Read More