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.
TPG Growth Reduces Its Stake in Clean Energy Producer Greenko Group (Asia)
TPG Growth, the middle market and growth equity platform of global private investment firm TPG, has sold around a quarter of its stake in India-based clean energy producer Greenko Group, which is listed on London’s Alternative Investment Market (AIM). Over the last six months, TPG Growth sold a little over a two percent stake on AIM for a reported US$6… Read More
KKR, Affinity to Sell Oriental Brewery Back to AB InBev for US$5.8 Billion (Asia)
Global investment firm Kohlberg Kravis Roberts & Co. (KKR) and Asia-focused private equity firm Affinity Equity Partners have entered into an agreement with brewing company Anheuser-Busch InBev (AB InBev) whereby AB InBev will reacquire Oriental Brewery, a South Korea-based brewery, from KKR and Affinity for US$5.8 billion. This agreement returns Oriental Brewery to the AB InBev portfolio, after AB InBev… Read More
Aureos Southeast Asia Fund and Aureos Malaysia Fund to Exit Pancake House (Asia)
Private equity firm Aureos Capital has agreed to sell its 21.3 percent interest in Philippines-listed restaurant chain Pancake House to restaurant conglomerate Max’s Group of Companies. The transaction will be structured through Aureos Southeast Asia Fund and Aureos Malaysia Fund. Max’s Group will also acquire a 55.4 percent stake in the restaurant chain from Pancake House Holdings, the majority shareholder… Read More
XSML Invests in Inzia
International private equity firm Centurion Resource Group has acquired a 75 percent stake in a copper asset located in the Karagandy region of Kazakhstan. The copper project has a projected deposit of 153 million tons of mineral resource, with gold grades also found on the property. Financial details of the transaction were not disclosed. Read More
Victoria Capital Partners to Acquire a Stake in Organización Corona (Latin America)
Victoria Capital Partners, a South America-focused private equity firm, has reached an agreement to acquire a minority stake in Colombia-based industrial group Organización Corona. The group, which includes Colcerámica, Sumicol, Nexentia, Erecos, Locería Colombiana, Gamma and Almacenes Corona, intends to accelerate the growth and development of various industrial businesses in Colombia and other markets in the Americas. Financial details of… Read More
Vantage Plans to Co-fund a Sorghum-to-bioethanol Plant in South Africa (Sub-Saharan Africa)
Mezzanine-focused private equity fund manager Vantage Capital Group will provide ZAR175 million (approximately US$16 million) of mezzanine funding to South Africa-based Mabele Fuels for the construction and operation of a sorghum-to-bioethanol plant. The transaction will be structured through Vantage’s Fund II. In addition, Standard Bank and Eskom Pension and Provident Fund will contribute a further ZAR160 million (approximately US$14.7 million)… Read More
LeapFrog Invests in Ghana-based Pension Services Firm Petra Trust (Sub-Saharan Africa)
LeapFrog Investments, an investor in financial services for emerging consumers in Africa and Asia, has taken a stake in Ghana-based pension trustee company Petra Trust. With this capital injection, Petra will invest in expanding its infrastructure to serve existing clients and in growing its market reach. Financial details of the transaction were not disclosed. Read More
EMF Capital Partners’ EMF New Europe Insurance Fund Invests in Russia-based Virtu Systems (CEE and CIS)
EMF Capital Partners, a private equity firm focused on financial institutions in emerging markets, has invested in Russia-based insurance software company Virtu Systems. The transaction was structured through EMF New Europe Insurance Fund (NEIF), which will become Virtu’s largest shareholder. The investment will allow Virtu to expand its team and create a new product range, with the aim of eventually… Read More
Hummingbird Ventures Invests US$1.2 Million in Souqalmal.com (MENA)
Venture capital firm Hummingbird Ventures has invested US$1.2 million in a venture financing round for United Arab Emirates-based financial comparison site Souqalmal.com. The site provides an interface for users to view and compare a range of financial products, including credit cards, loans and cars. With the new financing, the company will focus on long-term growth, including building its team and… Read More
Darby Acquires a Majority Stake in Acrecent (Latin America)
Darby Overseas Investments, the private equity arm of Franklin Templeton Investments, has made an investment in Puerto Rico-based commercial finance company Acrecent Financial Corporation for a majority control position. The transaction was structured through Darby ProBanco Fund II. The investment will allow Acrecent to expand further in Central America, with a particular focus on offering financing alternatives to medium-sized businesses.… Read More
IDG Ventures and SAIF Partners Participate in Temasek-led Round for BrainBees Solutions (Asia)
Vertex Venture Holdings, the venture investment arm of Singapore’s sovereign wealth fund Temasek, and venture capital firms IDG Ventures and SAIF Partners have participated in a US$15 million Series C funding round for India-based BrainBees Solutions, which operates baby and kids online retailer Firstcry.com. Vertex Venture led the round, contributing US$7.5 million, while IDG Ventures and SAIF Partners invested US$3.75… Read More
CVC Capital to Buy a US$200 Million Stake in EIC Group (Asia)
Private equity and investment advisory firm CVC Capital Partners has agreed to invest over US$200 million in China-based education company EIC Group. CVC Capital will purchase shares from pan-emerging markets private equity firm Actis and from EIC Group’s founder. Actis originally acquired a minority stake in EIC Group in 2011. The company provides coaching services to students in China seeking… Read More