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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
Lombard Investments Closes Fourth Asia Fund; Exits Taiwanese Auto Parts Company (Asia)
Private equity investment manager Lombard Investments has announced a final close on its fourth Asia fund, Lombard Asia IV, hard-capped at US$350 million. The oversubscribed fund reached a first close in September 2012 with US$200 million in capital commitments. Investors in the fund, which will largely focus on growth capital or buyout investments in Thailand, include Overseas Private Investment Corporation… Read More
Pearl Capital Partners and Voxtra Invest in Ugandan Poultry Company Biyinzika Enterprises (Sub-Saharan Africa)
Pearl Capital Partners (PCP), an East Africa-focused agriculture investment firm, and philanthropic foundation Voxtra have completed a joint investment in Uganda-based poultry company Biyinzika Enterprises. The transaction was structured through PCP’s African Agricultural Capital Fund and the Voxtra East Africa Agribusiness Fund. Biyinzika produces day-old chicks for small-scale and commercial-scale poultry farmers, and intends to use the capital injection to… Read More
TRPE Venture Partners Completes First Close for Technology Fund (CEE and CIS)
Turkey-focused private equity investment firm TRPE Capital has announced the first close of TRPE Venture Partners Fund I. With a final target of US$25 million, the fund, which is expected close in 2014, will invest in Turkey-based seed and early stage information and communications technology companies. In recognition of its first two capital commitments from Canadian investment firm Wesley Clover… Read More
LeapFrog Investments Raises Over US$200 Million for Emerging Consumer Fund (Global)
Emerging markets fund manager LeapFrog Investments has announced the first close of its second fund at US$204 million. LeapFrog Fund II will target equity investments of up to US$60 million in companies that provide financial services to emerging consumers and will continue to focus on LeapFrog’s priority markets of Indonesia, the Philippines, India, Sri Lanka, Kenya, South Africa, Nigeria and… Read More
Tuniu.com Completes Series D Round for US$60 Million (Asia)
Singaporean sovereign wealth fund Temasek and early stage venture capital firm DCM, among other unnamed investors, have participated in a US$60 million Series D financing round in Tuniu.com, an online booking platform targeting the leisure travel market. Tuniu.com previously received a Series A round of funding from venture firm Gobi Partners, a Series B round led by DCM and a… Read More
CIPEF and the Queiroz Galvão Family Invest US$300 Million in QGOG Constellation (Latin America)
Global emerging markets investor Capital International Private Equity Funds (CIPEF) has invested US$250 million in Brazil-based QGOG Constellation, a provider of offshore and onshore oil and gas contract drilling. The Queiroz Galvão family, the controlling shareholder of QGOG Constellation, will contribute another US$50 million by mid-September, bringing the total investment to US$300 million. The transaction was structured through CIPEF VI.… Read More
Actis Acquires a 60 Percent Stake in Atlantic Energias Renovaveis for US$169 Million (Latin America)
Pan-emerging markets private equity firm Actis has acquired a 60 percent stake in Brazil-based renewable energy platform Atlantic Energias Renovaveis for an initial commitment of US$169 million. Actis, which expects to invest a further US$100 million over the next five years, joins existing shareholders Pattac and Servinoga, infrastructure investors and co-founders of Atlantic. The transaction will be structured through the… Read More