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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
Warburg Pincus-backed Car Rental Company CAR Lists on the Hong Kong Stock Exchange (Asia)
China-based car rental company CAR, which is backed by global private equity firm Warburg Pincus, listed on the Hong Kong Stock Exchange on 19 September. CAR, which raised US$468 million after pricing its IPO at the top end of its price range, increased the retail portion from ten percent to 50 percent of the offering after it was more than… Read More
Riverstone Holdings, EnCap Investments and Infraestructura Institucional Commit US$525 Million to Sierra Oil & Gas (Latin America)
Mexico-based exploration and production company Sierra Oil & Gas has received US$525 million in equity commitments from energy and power-focused private investment firm Riverstone Holdings, oil and gas private equity investor EnCap Investments and infrastructure-focused private equity firm Infraestructura Institucional. Riverstone and EnCap each committed US$225 million, while Infraestructura Institucional committed US$75 million. All three investors retain the option to double their… Read More
The Carlyle Group and Yunfeng Capital to Exit GDC Technology (Asia)
Global alternative asset manager The Carlyle Group and private equity firm Yunfeng Capital have agreed to exit China-based digital cinema equipment manufacturer GDC Technology as part of China-based movie studio Huayi Brothers Media’s acquisition of a controlling stake in the company. Huayi Brothers plans to increase its holdings to 79 percent through two stages of share purchases. First, Huayi Brothers… Read More
Global Environment Fund to Invest INR450 Million in Shakti Pumps (Asia)
Global alternative asset manager Global Environment Fund (GEF) has agreed to invest INR450 million (approximately US$7.4 million) in India-based submersible water pumps manufacturer Shakti Pumps India through an issue of compulsory convertible preference shares (CCPS). GEF will subscribe to 1.5 million CCPS at a price of INR300 (approximately US$4.91) per share. Upon converting the CCPS into equity shares, GEF will… Read More
Warburg Pincus Participates in a US$60 Million Financing Round for Quikr and a US$260 Million Round for Youxinpai.com (Asia)
India-based online classifieds business Quikr has secured a US$60 million financing round led by new investor Tiger Global Management. Existing investors Warburg Pincus, Kinnevik, Matrix Partners India, Norwest Venture Partners, Nokia Growth Partners, Omidyar Network and eBay also participated in the round. Quikr intends to use the funding for product development and expansion of its mobile business. Separately, Warburg Pincus… Read More
Delta Partners to Invest up to EUR10 Million in Virgin Mobile Central and Eastern Europe (CEE and CIS)
Management advisory and investment firm Delta Partners has signed an agreement to invest up to EUR10 million (approximately US$13.1 million) in mobile virtual network operator Virgin Mobile Central and Eastern Europe (VMCEE). This is part of a larger EUR40 million (approximately US$51.8 million) financing round for VMCEE that includes participation from development finance institutions International Finance Corporation and European Bank… Read More