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AION Capital Invests US$150 Million in India-based Avantha Holdings (Asia)
Special situations investor AION Capital Partners, a joint venture between private equity firms Apollo Global Management and ICICI Venture, has invested around US$150 million in Avantha Holdings, the holding company of India-based Avantha Group, a business conglomerate with diverse interests ranging from pulp and paper to power transmission to food processing. The deal involves AION subscribing to debentures of Avantha… Read More
SEAF India Agribusiness Fund Invests in Fertilizer Producer Madhya Bharat Phosphate (Asia)
Global fund management group Small Enterprise Assistance Funds (SEAF) has invested in India-based Madhya Bharat Phosphate, a company engaged in manufacturing single super phosphate, a cheaper soil nutrient. The transaction was structured through SEAF India Agribusiness Fund. Madhya Bharat Phosphate intends to use the capital raised for expanding its current manufacturing capacity, as well as for acquisitions in the western… Read More
RRJ Invests US$349 Million in China Everbright International (Asia)
Asia-focused private equity firm RRJ Capital has purchased a 7.9 percent stake in Hong Kong-listed China Everbright International, a subsidiary of the conglomerate China Everbright Holdings, for HKD2.7 billion (approximately US$349.8 million). RRJ Capital, structured through RRJ Capital Master Fund II, subscribed to 318 million shares, which accounted for over 70 percent of new shares offered by Everbright International, through… Read More
Teka Capital Invests in Mattress Company Americana de Colchones (Latin America)
Colombia-focused investment management firm Teka Capital has invested in Americana de Colchones, a mattress producer and distributor in Colombia. With the new partnership, the company is considering the purchase of real estate to build a new production plant. Financial details of the transaction were not disclosed. Read More
CapMan Russia Exits Russian Baltic Pork Invest (CEE and CIS)
Russia-focused private equity firm CapMan Russia, a subsidiary of Finland-based fund manager CapMan Group, has sold its holding in Russia-based pig farm operator Russian Baltic Pork Invest (RBPI) to Thailand-listed agro-food company Charoen Pokphand Foods. The transaction was structured through CapMan Russia Fund. Prior to the transaction, CapMan Russia, which originally invested in RBPI in 2008, owned 24 percent of… Read More
RDIF and Baring Vostok Invest in Tigers Realm Coal (CEE and CIS)
Russia and CIS-focused private equity firm Baring Vostok Capital Partners and Russian sovereign wealth fund Russian Direct Investment Fund (RDIF) have announced a US$48 million joint investment in newly issued shares of Australia-listed Tigers Realm Coal (TIG), a company with coking coal assets in Russia’s Chukotka province. Baring Vostok, structured through Baring Vostok Private Equity Fund V, will invest US$33… Read More
Private Equity-backed China Cinda Asset Management Raises HKD19 Billion in Hong Kong IPO (Asia)
China-based financial institution China Cinda Asset Management, backed by private equity firms such as CITIC Capital and Oaktree Capital, has raised HKD19 billion (approximately US$2.5 billion) by selling 5.3 billion shares, priced at HKD3.58 apiece, in the biggest initial public offering (IPO) of the year on the Hong Kong Stock Exchange. Ten cornerstone investors, including asset management firms Farallon Capital… Read More
Peninsula Capital, Intel Capital and Adlevo Capital Make a Second Round Investment in Rancard (Sub-Saharan Africa)
Ghana-based Rancard, a provider of social recommendations technology for mobile content and services, has received a second round of investment led by investment management firm Peninsula Capital. Existing investors private equity fund manager Adlevo Capital and Intel Capital, Intel’s global investment and M&A organization, also participated in the round. Adlevo and Intel originally invested in July 2012. Rancard intends to… Read More
Zivame Raises US$6 Million from Unilazer Ventures, IDG Ventures and Kalaari Capital (Asia)
India-based online lingerie retailer Zivame has received US$6 million in a Series B funding round led by Unilazer Ventures, an investment group promoted by UTV founder and entrepreneur Ronnie Screwvala. Existing investors, venture capital firms IDG Ventures and Kalaari Capital, which had invested US$3 million in Zivame earlier this year, also participated in the round. The company intends to use… Read More
Advent International-led Investor Group to Acquire 22 Percent of Colombia-based Oil Pipeline Oleoducto Central (Latin America)
An investor group led by global private equity firm Advent International has signed a definitive agreement to acquire a 22 percent interest in Colombia-based Oleoducto Central, a crude oil transportation system, from oil and gas companies Talisman Energy, Total Colombia Pipeline and Compañía Española de Petróleos. Talisman will receive US$595 million for selling its 12 percent stake. Two of Colombia’s… Read More
Actis Raises More Than US$1 Billion for New Energy Fund and Exits India-based Sterling Hospital (Global, Asia)
Pan-emerging markets private equity firm Actis has closed its third energy fund, Actis Energy 3, with US$1.15 billion in capital commitments. The fund was oversubscribed, exceeding its original target of US$750 million. Investors in the fund include public pension funds, sovereign wealth funds and families from the United States, Europe and Asia. Actis Energy 3 will invest in electricity generation… Read More
Emerging Capital Partners Exits MTN Côte d’Ivoire (Sub-Saharan Africa)
Emerging Capital Partners (ECP), a private equity firm focused on growth capital investing in Africa, has exited its investment in Côte d’Ivoire-based mobile network operator MTN Côte d’Ivoire (MTNCI) through Planor Capital International, a special purpose vehicle established to hold a substantial equity stake in MTNCI. ECP, which initially invested in 2007, received a reported cash multiple of 2.6x, with… Read More