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Investcorp’s Gulf Opportunity Fund Acquires a 25 Percent Stake in Saudi Arabia’s Leejam Sports Company (MENA)
Investcorp, a global provider and manager of alternative investment products, has acquired a 25 percent stake in Saudi Arabia-based Leejam Sports Company, owner of the sports and fitness brand Fitness Time. The transaction was structured through Investcorp’s Gulf Opportunity Fund. Leejam has over 1,400 employees and currently operates over 62 locations in Saudi Arabia. It plans to use the new… Read More
Fanisi Capital Invests up to US$3 Million in Kenyan Pharmacy Chain Haltons (Sub-Saharan Africa)
East Africa-focused private equity and venture capital investor Fanisi Capital has acquired a significant stake in Kenya-based retail pharmacy chain Haltons for up to US$3 million. Haltons operates four retail outlets within Nairobi and intends to use the capital injection to expand its portfolio over the next two years to more than 100 outlets in Kenyan towns including Mombasa, Nakuru,… Read More
AION Capital Partners to Invest INR3 Billion in Jyoti Structures (Asia)
AION Capital Partners, a joint venture between alternative asset managers Apollo Global Management and ICICI Venture, is investing INR3 billion (approximately US$47.2 million) in India-based power company Jyoti Structures. AION, which has already committed INR2 billion (approximately US$31.4 million), will acquire a significant minority stake through long-dated structured securities and will deploy the remaining capital in tranches linked to certain… Read More
ADM Capital Invests in Agricultural Investment Platform Irrico (CEE and CIS)
ADM Capital, an investment firm focused primarily on recovery, special situations and event-driven opportunities in emerging markets, has invested US$30 million in Russia-based agricultural company Irrico. Irrico was formed by global investment bank VTB Capital in 2012 to acquire large scale operating farms in Southern Russia and install modern machinery and irrigation technology. The company intends to use the new… Read More
ChrysCapital Starts Selling Stake in JMT Auto (Asia)
ChrysCapital, an investment firm that focuses on growth sectors in India, has started selling its stake in India-based automobile component manufacturer JMT Auto, exiting 1.49 million shares, or a little over a ten percent stake, through block deals for INR192 million (approximately US$3 million). ChrysCapital originally invested in the company in 2006 and will make a reported marginal profit of… Read More
3TS Capital Partners Announces First Closing of TCEE Fund III at EUR103 Million (CEE and CIS)
Central and Eastern Europe-focused private equity firm 3TS Capital Partners has announced the first closing of its latest fund, TCEE Fund III, with EUR103 million (approximately US$136 million) in capital commitments. TCEE Fund III will continue the firm’s focus on growth capital investments in the broader telecommunications, media and technology sectors. Limited partners committing to the fund include Cisco Systems,… Read More
Baring Vostok Funds Pocket US$327 Million from Yandex Stake Sale (CEE and CIS)
Baring Vostok, a private equity firm operating in Russia and the CIS, has sold a three percent stake in Russia-based online search engine operator Yandex for US$327 million. Baring Vostok funds have steadily reduced their stake in the internet company from 16 percent as of December 2012 to about 7 percent after the latest sale. In March, Baring Vostok funds… Read More
CID Group Closes Taiwan Fund (Asia)
Private equity firm CID Group has held a final close on its latest fund, CID Greater China Fund IV, with US$50 million in capital commitments. The fund, which will include an additional US$50 million of CID Group’s capital to total US$100 million, will focus on investments in semiconductor businesses in Taiwan. CID Group’s previous funds, Fund II and Fund III,… Read More
MSPEA Partially Exits China-Based Sihuan Pharmaceutical Holdings (Asia)
Asia Pacific private equity investor Morgan Stanley Private Equity Asia (MSPEA) has sold a 6.8 percent stake in Sihuan Pharmaceutical Holdings, a China-based pharmaceutical manufacturer, along with the company’s management. The shareholders sold 100 million and 250 million shares, respectively, for a total sell-off of 350 million shares. Through the transaction, MSPEA reduced its stake from 7.17 percent to 5.24… Read More
Darby Private Equity Invests in Uruguay-Based Grupo Bioerix (Latin America)
Darby Overseas Investments, the private equity arm of Franklin Templeton Investments, has invested in Uruguay-based pharmaceutical and medical products supplier Grupo Bioerix. Financial details of the transaction, which was structured through Darby Latin American Mezzanine Fund II, were not disclosed. Bioerix imports and distributes technology, equipment and supplies for medical use. The company intends to use the new capital to… Read More
The Abraaj Group Backs Pharmaceutical Company Steripharma (MENA)
Global growth markets investor The Abraaj Group has announced an investment in Morocco-based manufacturer and marketer of pharmaceutical products Steripharma. The company intends to use the capital injection to build a new plant and to develop the company’s exports, primarily to the private sector of North and Sub-Saharan Africa. Financial details of the transaction were not disclosed. Read More
Warburg Pincus Invests in China-Based Health Center Amcare (Asia)
Global private equity firm Warburg Pincus has completed an investment in China-based health care provider Amcare Women’s and Children’s Hospital. Amcare, which previously received an RMB250 million (approximately US$40 million) investment in 2011 from investment banking and research service company China International Capital Corp., currently operates three hospitals and one postpartum care center. Amcare intends to use the new financing… Read More