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The Rohatyn Group Exits Huvepharma (CEE and CIS)
Emerging markets-focused investment firm The Rohatyn Group (TRG) has sold its 37 percent stake in Bulgaria-based pharmaceutical company Huvepharma to Advance Properties, an investment holding company controlled by the Domuschiev family. The transaction was structured through TRG Growth Fund II. Huvepharma focuses on developing, manufacturing and marketing animal health and nutrition products, as well as several ingredients used in human… Read More
LeapFrog Investments to Buy a Majority Stake in Resolution Insurance for KES1.7 Billion (Sub-Saharan Africa)
Emerging markets financial services investor LeapFrog Investments has announced that it intends to acquire a majority stake in Kenya-based general insurer Resolution Insurance for KES1.7 billion (approximately US$18.7 million). The transaction will be structured through LeapFrog Financial Inclusion Fund II. Resolution Insurance has operations in Kenya and Tanzania, and the investment will help the company explore alternative distribution channels. The… Read More
GTM Announces Sale to Advent International (Latin America)
Global private equity investor Advent International has agreed to acquire a controlling interest in Latin America-focused chemical distributor Grupo Transmerquim (GTM). GTM provides chemical products and logistical services to its customers via its 40 locations in 12 countries from Mexico to Argentina. Financial details of the transaction, which is expected to close in December 2014, were not disclosed. Read More
Future Group Acquires Grocery Chain Nilgiris from Actis and the Mudaliar Family (Asia)
India-based conglomerate Future Group, through its consumer goods arm Future Consumer Enterprise, has acquired India-based supermarket chain Nilgiris for a reported INR3 billion (approximately US$49 million) from pan-emerging markets private equity firm Actis and company founders the Mudaliar family. Nilgiris operates across South India, with stores in Karnataka, Kerala, Andhra Pradesh and Tamil Nadu, and specializes in dairy and baked… Read More
Ethos Private Equity to Acquire Nampak’s Tissue, Corrugated and Sacks Divisions (Sub-Saharan Africa)
South Africa-focused private equity fund manager Ethos Private Equity has agreed to acquire South Africa-based packaging manufacturer Nampak’s tissue, corrugated and sacks divisions for a total purchase price of ZAR1.6 billion (approximately US$143 million). The transaction, which was structured through Ethos Fund IV, is subject to regulatory approval and de-merger and supply arrangements with Nampak and is expected to close… Read More
Riverwood Capital Acquires 100 Percent of Brazil-based Conductor (Latin America)
Private equity firm Riverwood Capital has acquired 100 percent of Brazil-based payment processing solutions provider Conductor. The company, which processes credit card transactions for retailers across Brazil, intends to accelerate its research and development activities and expand its range of services. Financial details of the transaction were not disclosed. Read More
Navis Capital Partners-led Consortium Buys MFS Technology for US$95 Million (Asia)
A consortium led by Southeast Asia-focused private equity firm Navis Capital Partners has acquired Singapore-based MFS Technology, a provider of flexible printed circuit solutions to blue-chip customers, for US$95 million. The consortium also included mid-market private equity firm Novo Tellus Capital Partners, an unnamed Singapore-based technology-focused private equity fund and the incoming management team led by CEO Tan Bian Ee.… Read More
CDH Investments-backed eHi Car Services Raises US$120 Million in IPO (Asia)
China-based car rental company eHi Car Services has raised US$120 million through an initial public offering (IPO) on the New York Stock Exchange. The company sold ten million shares at US$12 apiece, the bottom end of the indicative range. eHi Car Services is backed by private equity and venture capital firms CDH Investments, Qiming Venture Partners, Jafco Asia, New Access… Read More
Elbrus Capital Leads the Acquisition of Mail.Ru Group’s Shares in HeadHunter (CEE and CIS)
A consortium of investors led by Russia and CIS-focused private equity firm Elbrus Capital has agreed to acquire Russia-based online recruitment company HeadHunter from London-listed Russian internet company Mail.Ru Group for RUR9.85 billion (approximately US$208 million). Following the deal, the company intends to build up its mobile platform, launch new products and enter new markets. The acquisition is subject to… Read More
Credence Partners Completes Buyout of Seafood Processor Fassler Gourmet (Asia)
Southeast Asia-focused private equity firm Credence Partners has acquired 100 percent of Singapore-based Fassler Gourmet, a company specializing in seasoning, smoking, slicing and packing salmon and ocean trout. The transaction was structured through Credence Fund II. Credence intends to work with the Fassler Gourmet management team to expand its customer reach and improve its operational processes. Financial details of the… Read More
CITIC Capital Partners and Hillhouse Capital Participate in a US$75 Million Financing Round for BeiGene (Asia)
China-based oncology company BeiGene has raised a financing round of more than RMB450 million (approximately US$75 million) from a group of investors including CITIC Capital Partners, the private equity arm of CITIC Capital Holdings, and Asia-focused investment firm Hillhouse Capital. The round also included existing angel and strategic investors. BeiGene intends to use proceeds from the financing round for clinical… Read More
Enterprise Investors Partially Exits Skarbiec (CEE and CIS)
Enterprise Investors, a Central and Eastern Europe-focused private equity firm, has partially exited Poland-based asset management business Skarbiec through an IPO on the Warsaw Stock Exchange. The transaction generated proceeds of EUR10.2 million (approximately US$12.7 million), with Enterprise Investors listing a 20 percent stake of the company and retaining a 75 percent holding. Enterprise Investors originally invested EUR40 million (approximately… Read More