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AnaCap Financial Partners to Acquire a 100 Percent Stake in FM Bank PBP (CEE and CIS)
AnaCap Financial Partners, a Europe-focused specialist investor in financial services companies and credit opportunities, has agreed to acquire a 100 percent stake in Poland-based lender FM Bank PBP from Central and Eastern Europe-focused private equity fund manager Abris Capital Partners. AnaCap’s investment will reportedly total more than EUR200 million (approximately US$221 million) including a purchase fee, recapitalization and further investment.… Read More
DGF Investimentos Acquires a Minority Stake in Mercado Eletrônico (Latin America)
Brazil-focused growth equity investment group DGF Investimentos has invested BRL30 million (approximately US$10 million) for a minority stake in Brazil-based business-to-business e-commerce company Mercado Eletrônico. Mercado Eletrônico intends to use the new funds to attract new medium-sized businesses to its platform. Read More
Reliance Capital Management Receives Funding from LeapFrog Investments, FMO and PartnerRe (Asia)
Indonesia-based financial services group Reliance Capital Management has received IDR562 billion (approximately US$43 million) from emerging markets financial services investor LeapFrog Investments, Dutch development bank FMO and global reinsurer PartnerRe. Reliance serves 750,000 clients and operates 37 office locations in 20 cities throughout Indonesia. Read More
Enterprise Investors to Sell NordGlass to AGC Automotive Europe (CEE and CIS)
Central and Eastern Europe-focused private equity and venture capital fund manager Enterprise Investors has agreed to sell its 100 percent stake in Poland-based automotive glass manufacturer NordGlass to Belgium-based flat glass producer AGC Automotive Europe for EUR80 million (approximately US$87 million). The transaction is subject to regulatory approval. Enterprise Investors wholly acquired NordGlass in 2007 through Polish Enterprise Fund VI. Read More
Platinum Equity Acquires Ying Shing Enterprises (Asia)
Global investment firm Platinum Equity has acquired a majority stake in Ying Shing Enterprises from the company’s founder, who will remain a minority shareholder. Ying Shing is a China-based manufacturing solutions provider for customized precision-engineered plastic injection molded and metal stamping components. Platinum Equity intends to expand the business through both organic growth and strategic acquisitions. Financial details of the… Read More
New Silk Route Growth Capital Partially Exits VRL Logistics via IPO (Asia)
India-based goods and passenger transport services provider VRL Logistics has completed an IPO on the Bombay Stock Exchange and National Stock Exchange, which included a fresh issue of shares as well as exits for promoters of the company and New Silk Route Growth Capital (NSR), an Asia-focused growth capital firm. NSR sold 14.6 million shares for the issue price of… Read More
TPG Growth Fund III Closes with More Than US$3 Billion in Capital Commitments (Global)
TPG Growth, the middle market and growth equity investment platform of global private investment firm TPG, has reached a final close for TPG Growth Fund III with more than US$3 billion in capital commitments. The fund, which surpassed its initial target of US$2.75 billion, has an investor base including public and private pension funds, foundations and endowments, insurance companies and… Read More
The Carlyle Group to Invest BRL1.75 Billion in Hospital Operator Rede D’Or São Luiz (Latin America)
Global alternative asset manager The Carlyle Group has agreed to invest a reported BRL1.75 billion (approximately US$592 million) for an 8.3 percent stake in Brazil-based hospital operator Rede D’Or São Luiz. The investment will be structured through Carlyle Partners VI and Carlyle’s South American buyout funds, including Fundo Brasil de Internacionalizacão de Empresas FIP II, a local fund advised by… Read More
Investec Bank Leads an US$84 Million Round for Lending Platform Jimubox (Asia)
Specialist bank and asset manager Investec Bank has led an US$84 million Series C funding round for China-based peer-to-peer online lending platform Jimubox, with participation from Haitong Kaiyuan, the private equity arm of Haitong Securities. Mandra Capital and Zhong Capital Fund, along with existing investors Matrix China Partners, Xiaomi, Shunwei Capital Partners, Ventech China and Magic Stone Alternative, also took… Read More
Advent International to Lead the Acquisition of a 34 Percent Stake (Asia)
Global private equity firm Advent International, in partnership with Singaporean sovereign wealth fund Temasek Holdings, has agreed to acquire a 34 percent stake in the consumer products business of India-based conglomerate Crompton Greaves for a reported INR20 billion (approximately US$316 million). Crompton Greaves Consumer Electricals (CGCEL) manufactures and markets fans, light fixtures, residential water pumps and other household appliances. The… Read More
Aqua Capital to Acquire Fertilizer Producer Dimicron (Latin America)
Aqua Capital, a South America-focused private equity fund manager specializing in agribusiness, has agreed to acquire a controlling interest in Brazil-based fertilizer producer Dimicron. The company will be merged with Aqua Capital’s existing portfolio company Aminoagro, a micronutrient fertilizer manufacturer which it acquired in 2013, and both the Aminoagro and Dimicron brands will be maintained. Financial details of the transaction… Read More
Hony Capital Fully Exits Chinasoft International in an US$170 Million Share Sale (Asia)
China-focused private equity fund manager Hony Capital has fully exited its investment in Chinasoft International, a China-based software and information services provider listed on the main board of the Hong Kong Stock Exchange. Hony sold 335 million shares at HKD3.93 (approximately US$0.51) apiece to a group of buyers including insurance funds, mutual funds and global asset management groups, for total… Read More