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Morgan Stanley Private Equity Asia and Sihuan Pharmaceuticals Invest in Two Hospitals (Asia)
Asia-Pacific-focused private equity investor Morgan Stanley Private Equity Asia (MSPEA) and China-based Sihuan Pharmaceuticals, one of MSPEA’s portfolio companies, along with Sihuan’s chairman, have together agreed to invest RMB1.2 billion (approximately US$200 million) in two China-based hospitals: HY Hospital in Huai’an and JB Hospital in Nanjing. The investments are being made through a joint venture in which MSPEA and a… Read More
LeapFrog Investments and Lombard Investments Acquire a 22% Stake in Syn Mun Kong Insurance (Asia)
Emerging markets financial services investor LeapFrog Investments and private equity investment manager Lombard Investments have acquired an aggregate 22 percent stake in Thailand-listed general insurer Syn Mun Kong Insurance (SMK) from United Kingdom-based insurance group Royal & Sun Alliance Insurance for THB1.89 billion (approximately US$57.5 million). LeapFrog and Lombard each acquired an 11 percent stake. SMK operates an automotive insurance… Read More
Mediterrania Fund II Holds an Interim Close at EUR115.3 Million (MENA)
North Africa-focused private equity firm Mediterrania Capital Partners (MCP) has reached an interim close on its second fund, Mediterrania Capital II (MC II), with EUR115.3 million (approximately US$147.4 million) in capital commitments. MCP aims to reach a final close at EUR150 million in March 2015. MC II has already completed two deals, acquiring a 45 percent stake in Morocco-based industrial… Read More
Amethis Finance Invests in Ramco Plexus (Sub-Saharan Africa)
Amethis Finance, a fund manager that provides debt and equity financing to companies in Africa, has acquired one-third of Kenya-based printing and packaging group Ramco Plexus, a consortium of nine companies that are part of manufacturing, trading and services conglomerate Ramco Group. The acquisition will help consolidate Ramco Group’s printing and packaging activities, as well as support Ramco’s regional expansion.… Read More
AIF Capital- and Orchid Asia-backed Nirvana Asia Raises HKD2 Billion in a Hong Kong IPO (Asia)
Malaysia-based death care service provider Nirvana Asia has completed an initial public offering (IPO) on the Hong Kong Stock Exchange. Nirvana issued 674.7 million shares at HKD3 (approximately US$0.39) per share, raising HKD2 billion (approximately US$261 million) in IPO proceeds. Private equity firms Orchid Asia and AIF Capital Asia, which invested in Nirvana through Orchid Asia V and AIF Capital… Read More
PC Capital Management Announces a First Close on Mexico Development Fund I (Latin America)
Private equity firm PC Capital Management has reached a first close on its latest fund, Mexico Development Fund I. The fund will target US$1 million to US$10 million investments in growth equity and mezzanine opportunities in Mexico. Investors in the fund included the Inter-American Development Bank, CAF Development Bank of Latin America and investment firm Promotora Social México. Read More
Gávea Investimentos Holds a US$1.1 Billion Final Close (Latin America)
Brazilian private equity firm Gávea Investimentos has reached a final close on its latest fund, Gávea Investimentos V, with US$1.1 billion in capital commitments. Investors in the fund included Kentucky Teachers’ Retirement System, Swedish national pension fund the Second AP Fund and fund of fund The Endowment Master Fund. Read More
Gulf Capital Invests in Amana Healthcare (MENA)
Middle East-focused alternative asset manager Gulf Capital has invested in United Arab Emirates-based Amana Healthcare, a provider of long-term medical care and post-acute rehabilitation services to United Arab Emirates nationals. Financial details of the transaction were not disclosed. Read More
Linkstreet Learning Raises Series A Funding from Faering Capital (Asia)
India-based Linkstreet Learning, a cloud start-up that offers video-based learning and collaboration solutions to individuals and organizations, has raised a Series A financing round from India-focused private equity firm Faering Capital. The company intends to use the funds for product and business development. Financial details of the transaction were not disclosed. Read More
Sarona Asset Management Closes Its Second Emerging Markets Fund of Funds in Commitments (Global)
Private equity firm Sarona Asset Management has held a final close for Sarona Frontier Markets Fund 2 with US$150 million in capital commitments. Investors included institutional investors, family offices and high-net-worth individuals. Sarona Frontier Markets Fund 2 targets locally-based private equity funds across Africa, Asia and Latin America and has already completed seven primary fund investments and two fund investments… Read More
Vantage Mezzanine Fund II Commits to Simba Properties Investment Company (Sub-Saharan Africa)
Africa-focused mezzanine investor Vantage Capital has provided US$10 million worth of financing to Uganda-based Simba Properties Investment Company, the property investment arm of Simba Group, which houses three operating properties and two properties under development. The transaction was structured through Vantage Mezzanine Fund II. Simba Group’s three operating properties are a 70 bed luxury hotel; a five story office block… Read More
Consortium Including Hony Capital, Goldman Sachs and CPPIB Agree to Invest in Neusoft (Asia)
China-focused private equity firm Hony Capital, global investment bank Goldman Sachs, IT solutions provider Neusoft Holdings, global investment management organization Canada Pension Plan Investment Board (CPPIB), venture capital firm Frontline BioVentures and others have agreed to invest US$614 million in two medical subsidiaries of China-based IT services provider Neusoft. The consortium will invest RMB1.6 billion (approximately US$260 million) and purchase RMB1.13… Read More