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.
Hony Capital to Invest RMB15 Billion in Shanghai Jin Jiang International Hotels Development (Asia)
China-focused private equity firm Hony Capital has agreed to acquire a 12.4 percent stake in Hong Kong-listed hotel company Shanghai Jin Jiang International Hotels Development for RMB15 billion (approximately US$243 million). Hony will buy 100 million shares in Shanghai Jin Jiang at RMB15 (approximately US$2.43) apiece. The price represents a 23 percent discount to the company's 28 August closing price… Read More
Warburg Pincus Participates in RMB14.5 Billion Investment in China Huarong Asset Management (Asia)
China-based financial asset manager China Huarong Asset Management has signed an agreement with a consortium of investors, including private equity firm Warburg Pincus, to issue new shares amounting to a total of RMB14.5 billion (approximately US$2.4 billion), representing a 21 percent stake. China Huarong intends to make a public offering of its shares. In addition to Warburg Pincus, the consortium… Read More
ACO Investment Group to Develop 300MW of Solar Power in Myanmar (Asia)
ACO Investment Group, an infrastructure-focused alternative investment manager, has signed an agreement with the Burma Ministry for Electric Power to develop two 150MW solar energy plants in Myanmar. The project is valued at US$480 million. The plants are expected to account for ten percent to 12 percent of Myanmar’s power generation when completed in 2016. Read More
Advent International to Invest in Park Services Operator Cataratas do Iguaçu (Latin America)
Global private equity firm Advent International has agreed to invest in Brazil-based Cataratas do Iguaçu, a concessionaire of services at Brazil’s national parks. The company intends to use the capital to improve Cataratas’s services and operations, and expand into additional parks and tourism-related businesses in Brazil. Financial details of the transaction, which is subject to closing conditions, were not disclosed. Read More
Norwest Venture Partners-backed Snowman Logistics Launches IPO (Asia)
India-based Snowman Logistics, a cold chain service provider backed by venture capital firm Norwest Venture Partners, is aiming to raise up to INR1.97 billion (approximately US$32.5 million) after launching its initial public offering last week. Anchor investors, including private equity firm Faering Capital and several hedge funds, subscribed to 9.45 million shares at INR47 (approximately US$0.78) apiece, raising INR444 million… Read More
KKR to Invest US$400 Million in Chicken Meat Producer Fujian Sunner Development (Asia)
Global investment firm KKR & Co. has signed an agreement to acquire an 18 percent stake in Shenzhen-listed chicken meat producer Fujian Sunner Development for approximately US$400 million. Sunner operates as a breeder, processor and supplier of chicken products, providing fresh and frozen chicken to China's fast food and food manufacturing industries, and wholesale meat markets. Read More
GIP Sells Its Stake in Argentina-based Container Terminal Company International Trade Logistics (Latin America)
Global infrastructure investor Global Infrastructure Partners (GIP) has sold its 50 percent stake in Argentina-based container terminal and logistics company International Trade Logistics (ITL), which includes the Buenos Aires-based container terminal Exolgan, to Terminal Investment (TIL). TIL is a terminal operator controlled by shipping line Mediterranean Shipping Company. In 2008, GIP partnered with container terminal operator PSA International to acquire… Read More
SAIF Partners and Aditya Birla Private Equity Invest in Manpasand Beverages (Asia)
Private equity firms SAIF Partners and Aditya Birla Private Equity have invested just over INR700 million (approximately US$11.6 million) in a financing round for India-based juice manufacturing and marketing company Manpasand Beverages. The transaction valued the company at INR10 billion (approximately US$165 million). Post-investment, SAIF Partners and Aditya Birla Private Equity have an approximate 30 percent stake and a 5… Read More
ARX Equity Partners Acquires Anwis Polska (CEE and CIS)
ARX Equity Partners, a lower mid-market buyout firm focused on Central and Eastern Europe, has acquired Poland-based window cover and component manufacturer Anwis Polska along with business executive Jacek Gromniak, the company’s newly appointed CEO. The transaction was structured through ARX CEE III. ARX and Gromniak plan to grow the company through organic expansion in existing and new geographies, with… Read More
Orchid Asia Closes Fund VI with US$920 Million in Commitments (Asia)
Asia-focused investment group Orchid Asia has reached a first and final close on its sixth China-focused growth capital fund, Orchid Asia VI, with US$920 million in capital commitments, hitting the fund’s hard cap. Fund VI, which was originally targeting US$750 million, was oversubscribed with reported interest of more than US$1.3 billion. Public and private pension funds, insurance companies and endowments… Read More
Creador’s Second Fund Reaches a US$300 Million Final Close (Asia)
Creador, a private equity firm focused on growth investments in Indonesia, Malaysia, Singapore and India, has reached a final close on its second fund, Creador II, with US$300 million in capital commitments, hitting the fund’s hard cap. Investors included fund of funds Siguler Guff & Company, a Malaysian pension fund and three additional funds of funds. Creador has already invested… Read More
Actis and CDC Group Exit Diamond Bank (Sub-Saharan Africa)
Pan-emerging markets private equity firm Actis and development finance institution CDC Group have completed the sale of Actis DB Holdings, a company that holds shares in Nigeria-based financial institution Diamond Bank, to investment company Kunoch Holdings. Actis DB Holdings currently holds 14.8 percent of the issued share capital of Diamond Bank. Actis originally acquired a stake in Diamond Bank in… Read More