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Latin Idea Invests in Logistics Company Logyt (Latin America)
Latin Idea Ventures, a Mexico-based private equity fund manager, has invested in Mexico-based logistics company Logyt. The transaction was structured through Latin Idea Mexico Venture Capital Fund III. The company advises on supply chain solutions, from point of sale and customer development to manufacturing and procurement. Financial details of the transaction were not disclosed. Read More
Earlybird Venture Capital Holds US$110 Million First Close for Early-stage Fund (CEE and CIS)
European venture capital firm Earlybird Venture Capital has held a first close on its latest early-stage fund, Earlybird Digital East Fund (EDEF), with US$110 million in capital commitments. The fund, which is targeting US$130 million, will invest in consumer internet, mobile and enterprise technology companies originating from Turkey and CEE. Investors in the fund include development finance institutions European Bank… Read More
The Carlyle Group Partially Exits Hong Kong-listed Haier Electronics, Partners with Investec Asset Management to Invest in J&J Africa (Asia, Sub-Saharan Africa)
Global alternative asset manager The Carlyle Group has raised around US$285 million after selling part of its stake in Hong Kong-listed appliance maker Haier Electronics Group. Carlyle sold 100 million shares, by way of a block trade, at HKD22.10 (approximately US$2.85) a piece. In August 2011, Carlyle, structured through Carlyle Asia Partners III, had bought US$194 million worth of convertible… Read More
ChrysCapital Sells a Two Percent Stake in HCL (Asia)
ChrysCapital, an investment firm that focuses on growth sectors in India, has sold more than a two percent stake in India-listed technology company HCL Technologies for INR15 billion (approximately US$244 million) to INR18 billion (approximately US$293 million). ChrysCapital, whose remaining stake is valued at nearly INR17 billion (approximately US$277 million), invested US$170 million in HCL Technologies in various tranches from… Read More
KZ Noir Secures Investments from Acumen and Grassroots Business Fund (Sub-Saharan Africa)
Rwanda-based coffee producer KZ Noir, which is owned by Kaizen Venture Partners, a Sub-Saharan Africa-focused private equity firm, has closed a US$1.5 million mezzanine debt facility with impact investor Grassroots Business Fund, and a US$1.2 million convertible debt investment with impact investor Acumen. KZ Noir is a coffee processing company, exporting green coffee globally and selling roasted coffee regionally. The… Read More
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