GPCA covers the latest fund, investment and industry news across our markets in two newsletters: NewsWatch is a weekly round-up of key transactions across asset classes; the Global Tech Brief is a bi-weekly review of tech transactions and innovations with cross-border applications. Subscribe in the left-hand sidebar.
Access past editions of NewsWatch here.
Lightspeed China Partners and Google Capital Lead a US$38 Million Series C Financing Round for InnoLight Technology (Asia)
Venture capital firm Lightspeed China Partners and Google Capital, a growth equity fund backed by Google, have led a US$38 million Series C financing round for China-based InnoLight Technology, a supplier of high-speed optical transceivers. The company intends to use the capital to expand its productive capacity. InnoLight Technology designs, builds and markets optical transceivers that enable bandwidth expansion of… Read More
JD Capital Reaches a US$200 Million Final Close on Jiuding China Growth Fund II (Asia)
China-focused investment firm JD Capital has reached a final close on its second USD-denominated fund, Jiuding China Growth Fund II, with US$200 million in capital commitments. Investors in the fund included Allianz Group, Allstate Insurance, Partners Group and the family office of BMW. The new fund will invest in growth-stage companies across the retail, pharmaceutical, agriculture, mining and services sectors,… Read More
CapMan Russia II Reaches a EUR99.1 Million Final Close (CEE and CIS)
Russia-focused private equity firm CapMan Russia, a subsidiary of Finland-based fund manager CapMan Group, has reached a final close on CapMan Russia II with EUR99.1 million (approximately US$126 million) in capital commitments. The fund will target small- and medium-sized enterprises operating in Russia’s consumer sector and has already completed two investments. Read More
Adenia Partners Acquires Mauvilac (Sub-Saharan Africa)
Adenia Partners, a private equity fund manager focused on West Africa and the Indian Ocean region, has acquired Mauritius-based Mauvilac, a paint, coatings and chemical products manufacturer and marketer, from the company’s founders and other Mauritian shareholders. The transaction was structured through Adenia Capital (III), a US$125 million fund that closed in February 2012. Mauvilac intends to pursue growth opportunities… Read More
AIF Capital and New Asia Partners Lead a US$15 Million Series B Financing Round for Huy Vietnam Group (Asia)
Private equity firms AIF Capital and New Asia Partners have led a US$15 million Series B financing round for Vietnam-based restaurant operator Huy Vietnam Group. AIF Capital’s investment was structured through AIF Capital Asia IV. Investment management firm Fortress Capital Asset Management also participated in the round. Huy Vietnam intends to use the capital to continue growing the brand presence… Read More
XSML Backs Manoah Investments (Sub-Saharan Africa)
Frontier markets-focused private equity fund manager XSML has invested in Democratic Republic of the Congo-based meat processing company Manoah Investments. The transaction was structured through XSML’s Central Africa SME Fund. The capital will be used to develop plots of land for residential use in Lubumbashi. Financial details of the transaction were not disclosed. Read More
Tiantu Capital Holds a US$63 Million First Close on Tiantu China Consumer Fund I; Invests in Restaurant Chain Muwu (Asia)
China-focused private equity and venture capital firm Tiantu Capital has reached a first close on its debut USD-denominated fund, Tiantu China Consumer Fund I, with US$63 million in capital commitments. The vehicle received US$38 million in commitments from family offices and funds of funds in Asia and the United States, with an additional US$25 million contributed by Tiantu Capital. Separately,… Read More
Vital Capital and OPIC Provide Financing to Luanda Medical Center (Sub-Saharan Africa)
Vital Capital Fund, an impact investing fund primarily focused on Sub-Saharan Africa, has closed a US$16.6 million equity investment in Angola-based medical clinic Luanda Medical Center (LMC). Vital Capital’s investment was made in conjunction with a US$9.8 million loan from the Overseas Private Investment Corporation (OPIC). LMC, which will begin serving patients in the fourth quarter of 2014, intends to… Read More
Bozano Investimentos Exits a Six Percent Stake in Brazil-based Anima Educação (Latin America)
Family office fund manager Península has acquired a six percent stake in Brazil-based higher education company Anima Educação from BR Educacional, a fund managed by alternative asset management firm Bozano Investimentos, for BRL144 million (approximately US$60 million). BR Educacional continues to hold a four percent stake in the company. Read More
Gulf Capital Acquires a Minority Stake in Middle East Glass Manufacturing (MENA)
Middle East-focused alternative investment firm Gulf Capital has completed the acquisition of a minority stake in Egypt-listed glass bottle supplier Middle East Glass Manufacturing (MEG). MEG is a glass container manufacturer and producer of bottles for the carbonated soft drink sector. Financial details of the transaction were not disclosed. Read More
Blackstone Invests in Xinrong Best Medical Instrument (Asia)
Global investment and advisory firm The Blackstone Group has invested in China-based Xinrong Best Medical Instrument, a manufacturer of orthopedic implants for trauma, spine and joint applications. The transaction was reported to be worth around US$100 million. The company intends to use the capital to upgrade Xinrong’s management and increase its market share. Financial details of the transaction were not… Read More
Dymon Asia Private Equity Invests SGD10 Million in Nurture Education Group (Asia)
Investment management company Dymon Asia Private Equity has invested SGD10 million (approximately US$7.9 million) in Singapore-based preschool operator Nurture Education Group. Nurture has been operating in Singapore for 15 years and has three chains of infant care, preschool and student care centers. Dymon previously invested SGD6 million (approximately US$4.7 million) in the company in 2013. Nurture intends to use the… Read More