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TPG Growth to Invest US$50 Million in Masan Group to Build Agricultural Platform (Asia)
TPG Growth, the middle market and growth equity platform of global private investment firm TPG, has entered into definitive agreements to acquire a 49 percent stake in Vietnam-based Hoa Muoi Gio Company (Masan Agriculture) from Masan Consumer, for a total cash consideration of approximately US$50 million. TPG Growth originally invested in the company in 2009. Masan Agriculture, which will be… Read More
CITIC Capital Venture Partners Announces Final Close of Fund (Asia)
Alternative investment management and advisory firm CITIC Capital has announced the final close of CITIC Capital Venture Partners at US$113 million. The fund targets high-growth small- to medium-sized enterprises, with a focus on sectors such as clean technology, consumer goods and services and IT. Investors in the fund include Temasek Holdings’s subsidiary Vertex Asia Growth and technology investor Enspire Capital. Read More
GP Investments Announces an Investment in Beleza Natural (Latin America)
GP Investments, an alternative investment firm in Latin America, has announced a BRL70 million (approximately US$31 million) investment in Brazilian beauty institute chain Cor do Brasil (Beleza Natural) for a 33 percent stake. Beleza Natural, which provides products and services for curly hair, currently operates 13 stores in three states. The investment will be structured through GP Capital Partners V.… Read More
Feihe Nears Completion of PE-Backed MBO (Asia)
Shareholders of New York-listed Chinese dairy company Feihe International have voted in favor of a private equity-backed management buyout valued at US$147 million by a consortium that includes Asia Pacific private equity investor Morgan Stanley Private Equity Asia (MSPEA) and the company’s chairman Leng You-Bin. The buyers will pay US$7.40 per share for all outstanding shares not currently owned by… Read More
CDH Investments Makes PIPE Deal with HK-listed New Focus Auto (Asia)
CDH Investments, a China-based alternative asset fund manager, has agreed to invest US$97.4 million in Hong Kong-listed automotive aftersales service provider New Focus Auto Tech Holdings (NFA) through a subscription to ordinary shares and convertible bonds. Upon full conversion, CDH will own 63.2 percent of the company. The investment enables NFA to redeem existing bonds held by pan-Asia private equity… Read More
Lereko Metier Capital Growth Fund Acquires the South Africa-Based Institute of Marketing Management Group (Sub-Saharan Africa)
South Africa-based Lereko Metier Capital Growth Fund (LMCGF), which focuses on mid-cap buyout and growth opportunities in Southern Africa, has acquired South Africa-based Institute of Marketing Management (IMM) Group. In partnership with Dutch development bank FMO and South African investment manager Ke Nako Capital, LMCGF has agreed to commit ZAR200 million (approximately US$22 million) to the company as part of… Read More
7 Days Group Announces Completion of Merger (Asia)
Chinese economy hotel chain 7 Days Group Holdings is set to be privatized after shareholders voted in favor of a private equity-backed management buyout that values the company at around US$688 million. The buyer consortium, including global alternative asset manager The Carlyle Group, private equity and venture capital firm Sequoia Capital, pan-emerging markets private equity firm Actis and the company’s… Read More
Nexxus Capital Announces Commitments of US$430 Million for Sixth Fund (Latin America)
Mexico-based private equity firm Nexxus Capital has raised its sixth fund, Nexxus Capital VI, with commitments of approximately US$430 million. The fund is split into two vehicles to separately accommodate commitments from international investors and domestic pension funds. Nexxus Capital intends to invest in middle market growth companies in Mexico. Read More
Bancroft Invests in Tatilsepeti.com (CEE and CIS)
Central and Eastern Europe-focused private equity capital fund management firm Bancroft Private Equity has invested in Tatilsepeti.com, an online Turkish tourism company. The transaction was structured through Bancroft 3. Tatilsepeti.com claims over 18 million annual visitors, and hopes to rank among the major international tourism portals. Financial details of the transaction were not disclosed. Read More
USAID Launches Pakistan Private Investment Initiative with The Abraaj Group and JS Private Equity (MENA)
The U.S. Agency for International Development (USAID), global growth market investor The Abraaj Group and Pakistan-based asset manager JS Private Equity Management have announced the Pakistan Private Investment Initiative, which will launch two new private equity funds focused solely on investing in Pakistan’s small- and medium-sized enterprises. USAID will provide a seed investment of US$24 million in each of the… Read More
Terranum Capital Closes First Latin America Real Estate Fund with US$235 Million in Commitments (Latin America)
Latin American real estate investment firm Terranum Capital has completed its inaugural fundraising effort, reaching a final close of US$235 million in committed capital on its Latin America Real Estate Fund. Investors in the fund include pension funds in Colombia and Peru, Latin American family offices and institutional investors in the United States and Europe. Terranum Capital intends to invest… Read More
ChrysCapital Exits Ahmednagar Forgings (Asia)
India-focused investment firm ChrysCapital Partners has exited Ahmednagar Forgings (AFL), an India-based manufacturer of automotive components, for INR363 million (approximately US$6.06 million) through a series of bulk share sales on the open market. ChrysCapital originally invested INR295 million (approximately US$7.5 million) in AFL in 2008. Read More