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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

BI Private Equity Buys Extra 3.5 Million Shares of Masan Group (Asia)

BI Private Equity New Markets (PENM), a part of Danish asset management company BankInvest that offers equity capital to unlisted Vietnamese companies, has purchased an additional 3.5 million shares of Masan Group, a holding company with interests in a variety of sectors including consumer products, financial services and resources, between 12 March and 12 April 2012. As a result, PENM… Read More

China Cord Blood Corporation Announces Investment by KKR (Asia)

Global investment firm Kohlberg Kravis Robert & Co. (KKR) has agreed to invest US$65 million in China Cord Blood Corporation (CCBC), a Chinese umbilical cord blood banking operator. The investment, which will be made through the KKR China Growth Fund, will be used in part to support the company’s business expansion. The transaction represents KKR’s first investment in the healthcare… Read More

Trimax Raises US$20 Million from Aditya Birla PE Fund (Asia)

Aditya Birla Capital Advisors (ABCAP), the private equity arm of the Aditya Birla Financial Services Group, has invested approximately US$20 million in India’s Trimax IT Infrastructure and Services. The investment was made via the Aditya Birla Private Equity – Fund I. The company plans to use the proceeds to finance its expansion plans both in India and internationally. The deal… Read More