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ChrysCapital Participates in a US$21 Million Financing Round for Au Financiers, Increases Stake in ING Vysya Bank (Asia)
India-focused investment firm ChrysCapital, private equity firm Warburg Pincus and development finance institution International Finance Corporation (IFC) have participated in a US$21 million financing round for India-based non-banking finance company Au Financiers. Financial services firm Motilal Oswal Securities also invested US$3 million in the round. The investment will be used for expanding the company’s network in ten states. Separately, over… Read More
ChrysCapital Increases Stake in Torrent Pharma (Asia)
India-focused investment firm ChrysCapital has invested INR700 million (approximately US$12 million) to increase its stake in India-based drug maker Torrent Pharmaceuticals from 1.9 percent to 2.6 percent. Torrent Pharmaceuticals, which is a subsidiary of diversified industrial conglomerate Torrent Group, recently received regulatory approval to acquire the domestic formulation business of Elder Pharmaceuticals for INR20 billion (approximately US$330 million). ChrysCapital first… Read More
RRJ Capital and SeaTown to Invest US$250 Million in Logistics Warehouse Developer Yupei (Asia)
Asia-focused private equity firm RRJ Capital and Singapore-based investment manager SeaTown Holdings International have agreed to invest US$250 million in Shanghai Yupei Group, a China-based logistics warehouse developer. This investment follows a US$200 million financing round for Yupei completed last year by global private investment firm The Carlyle Group and real estate investment management firm The Townsend Group. The combined… Read More
TPG Joins Ex-LightSquared CEO in Myanmar Telecom Venture (Asia)
TPG Growth, the middle market and growth equity platform of global private investment firm TPG, has invested US$40 million in Apollo Towers Myanmar, a Myanmar-focused telecommunications venture led by Sanjiv Ahuja, the former CEO of LightSquared. The investment will support Apollo’s plans to build and manage approximately 1,000 mobile communications towers across Myanmar this year. In December 2013, Norwegian telecommunications… Read More
India-based Ratnakar Bank Raises US$55 Million Round (Asia)
India-based Ratnakar Bank has raised INR3.3 billion (approximately US$55 million) from new and existing investors including development finance institutions CDC Group and International Finance Corporation, investment and advisory firm Asia Capital & Advisors and private equity firm Gaja Capital. CDC Group invested US$28 million for a 4.8 percent equity stake in the company. Ratnakar Bank operates a network of 160… Read More
TPG Raises US$2.9 Billion for Its Sixth Asia Pacific Fund, Forms US$100 Million Joint Venture with Smile Group (Asia)
Global private investment firm TPG has completed a third round of fundraising for its sixth Asian Fund with US$2.9 billion in capital commitments. The fund has already invested in three companies, including China-based broadcaster Phoenix Satellite Television Holdings. Separately, the middle market and growth equity platform of TPG, TPG Growth, has formed a US$100 million joint venture with India-based internet… Read More
Vision Knight Capital Closes Vision Knight Capital China Fund II (Asia)
China-focused private equity firm Vision Knight Capital has closed Vision Knight Capital China Fund II at its hard cap with US$550 million in capital commitments. The fund, which will make investments in China’s retail, consumer internet and e-commerce sectors, received commitments from a mix of global institutional investors, including sovereign wealth funds, pension plans, endowments, foundations, diversified financial institutions and… Read More
Abris Sells Stake in Siodemka to DPD Polska, Completes IPO of Masterlease (CEE and CIS)
Central and Eastern Europe-focused private equity fund manager Abris Capital Partners has completed its second exit of Poland-based delivery company Siodemka via a sale to DPD Polska, a Poland-based provider of parcel services. Abris originally invested in Siodemka three years ago. Financial details of the transaction were not disclosed. Separately, Abris’s portfolio company Masterlease Polska, a Poland-based provider of fleet… Read More
CMC Capital Partners and FountainVest Partners Invest in IMAX’s China Subsidiary (Asia)
China-focused private equity firms CMC Capital Partners and FountainVest Partners have agreed to invest US$80 million for a 20 percent equity stake in IMAX China, a subsidiary of U.S.-based entertainment technology company IMAX. CMC and FountainVest’s investment will be made in two equal installments, with the second installment expected to close in early 2015. The investment will support the continued… Read More
Warburg Pincus to Acquire a Majority Stake in Mercator (MENA)
Global private equity firm Warburg Pincus has agreed to acquire a majority stake in Mercator, a United Arab Emirates-based provider of software and technology-enabled outsourcing solutions to the global aviation industry, from air services provider Dnata, which will retain a minority stake. Warburg Pincus’s investment will be used to enhance Mercator’s competitive position and support its global growth. Financial details… Read More
UFG Private Equity and Gazprombank Acquire Segmenta Pharmaceuticals (CEE and CIS)
A consortium led by UFG Private Equity, the buyout and growth capital arm of Russia-based alternative investment group UFG Asset Management, and banking and financial institution Gazprombank have acquired a 100 percent stake in Russia-based drug manufacturer Segmenta Pharmaceuticals. The investor group, which also includes pharmaceuticals industry veteran Andrei Mladentsev, plans to acquire other drug makers in Russia and drive… Read More
AfricInvest Group Reaches Final Close of AfricInvest Financial Sector Fund (Sub-Saharan Africa)
AfricInvest Group, a private equity firm focused on North and Sub-Saharan Africa, has announced the third and final close of its AfricInvest Financial Sector (AFS) fund with EUR61 million (approximately US$83 million) in capital commitments. New investors in the final close included German development bank KfW, Belgian Investment Company for Developing Countries (BIO), credit union cooperative Desjardins Group and the… Read More