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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
Nordic Capital to Acquire ABB Full Service (CEE and CIS)
Private equity firm Nordic Capital has signed an agreement to acquire Czech Republic-based industrial maintenance outsourcing services provider ABB Full Service from Switzerland-based power and automation technology company ABB Group. The transaction will be structured through Nordic Capital Fund VIII. ABB Full Service operates in 30 countries around the world and employs more than 2,500 people. As part of the… Read More
L Capital Asia to Invest up to US$80 Million in YG Entertainment (Asia)
L Capital Asia, the private equity fund sponsored by global luxury goods distributor LVMH Group, Groupe Arnault and YTL, will invest up to US$80 million in South Korea-based talent agency YG Entertainment. L Capital Asia will invest KRW61 billion (approximately US$60 million) in new preferred shares of YG and is in talks to buy another US$20 million in shares from… Read More
Standard Chartered Private Equity Invests US$75 Million in Topaz Energy and Marine (MENA)
Emerging markets investor Standard Chartered Private Equity has acquired a 9.8 percent stake in United Arab Emirates-based offshore support vessel company Topaz Energy and Marine for US$75 million. Topaz intends to use the funds to support its long-term fleet expansion in its core operational regions and for further geographical diversification. The transaction is subject to bank consents and customary conditions,… Read More
Hony Capital Buys a 20 Percent Stake in Chery Heavy Industry (Asia)
China-focused private equity firm Hony Capital has acquired a 20 percent stake in China-based farm machinery manufacturer Chery Heavy Industry for RMB696 million (approximately US$113 million). The investment is part of a US$340 million joint acquisition with Hony's portfolio company Zoomlion Heavy Industry Science and Technology, a China-based construction equipment maker. Together Hony and Zoomlion bought a combined 80 percent… Read More
Warburg Pincus and Shanghai Baosteel Gases Buy Gas Assets from Henan Jinkai Chemical Investment Holding Group (Asia)
Global private equity firm Warburg Pincus and China-based industrial gas producer Shanghai Baosteel Gases have reached an agreement to acquire the industrial gas assets of China-based chemical producer Henan Jinkai Chemical Investment Holding Group for RMB3 billion (approximately US$488 million). This transaction comes under the umbrella of a newly formed strategic partnership between Warburg Pincus and Baosteel Gases to jointly… Read More
Brookfield Asset Management Acquires a 26.5 Percent Stake in VLI from Vale (Latin America)
Alternative asset investor Brookfield Asset Management has completed the acquisition of a 26.5 percent stake in Brazil-based iron ore mining company Vale’s cargo transportation division, VLI, from Vale. The transaction, which was announced in December 2013, is valued at BRL2 billion (approximately US$971 million). Vale also sold a 20 percent stake in VLI to Japan-based general trading company Mitsui &… Read More