GPCA covers the latest fund, investment and industry news across our markets in two newsletters: NewsWatch is a weekly round-up of key transactions across asset classes; the Global Tech Brief is a bi-weekly review of tech transactions and innovations with cross-border applications. Subscribe in the left-hand sidebar.
Access past editions of NewsWatch here.
IL&FS and IDFC Exit Central UP Gas in Strategic Sale to Indraprastha Gas (Asia)
Alternative asset manager IDFC Private Equity, India-focused private equity fund manager IL&FS Investment Managers Limited (IIML) and development finance institution Asian Development Bank (ADB) have sold a 50 percent stake in Central UP Gas (CUGL) to Indraprastha Gas, which supplies fuel in Delhi and surrounding neighborhoods, for about INR700 million (approximately US$11.7 million). CUGL operates a gas distribution network in… Read More
Envision Capital Closes Second RMB Fund (Asia)
China-based growth private equity firm Envision Capital has held a final close on its second RMB-denominated fund. The fund raised RMB412 million (approximately US$66.5 million) in total capital commitments. Envision’s previous fund, the Envision High Growth Fund 2009, closed in October 2009 with RMB500 million (approximately US$73 million) in commitments. Read More
Clearwater Partners with PHL Finance in INR3 Billion Land Deal (Asia)
Clearwater Capital, an investment firm focused on credit and special situations in Asia, and the Piramal Group’s non-banking financial company PHL Finance have jointly invested INR3 billion (approximately US$50 million) in VGN Developers, an India-based real estate developer. VGN used the financing, which was reportedly structured through non-convertible debentures, to acquire a land parcel in Chennai’s Guindy area. Read More
Actis Invests US$102 Million in Egyptian Snack Food Business (MENA)
Pan-emerging markets private equity firm Actis has invested US$102 million in Edita Food Industries, an independent snack food business based in Egypt. Edita sells around 2.5 billion pieces of croissants, cakes and wafers annually to consumers in Egypt and other markets in North Africa. The transaction was reportedly structured through Actis Emerging Markets 3 and Actis Global 4. Read More
Unicorn Capital Partners Invests in Constanta Group (CEE and CIS)
Unicorn Capital Partners, a Russia-based infrastructure sector buyout fund, has acquired a controlling interest in Constanta Group, a designer and manufacturer of glass façade systems in Russia. Constanta was formed in 2011 through a merger of three Russian manufacturers. Financial details of the transaction were not disclosed. Read More
Capital Today, IDG Capital Invest in Online Snack Seller (Asia)
China-based private equity firm Capital Today and China-focused investment firm IDG Capital Partners have invested a reported US$6.17 million in 3songshu.com, an online seller of snacks, including dried and processed tea, fruit products and nuts. IDG Capital Partners originally invested US$1.5 million in 3songshu.com in March 2012. Read More
SEAVI Advent Raises US$125 Million at First Closing of SEAVI Fund VI (Asia)
SEAVI Advent Private Equity, the Asian affiliate of global private equity firm Advent International, held a US$125 million first close for its sixth fund. SEAVI partners committed US$10 million to the fund. The vehicle follows the US$178 million SEAVI Advent Equity V fund raised in 2008. Read More
Al Noor Hospitals Raises US$342 Million in London IPO (MENA)
Al Noor Hospitals Group, a United Arab Emirates-based provider of healthcare services, raised GBP221 million (approximately US$342 million) in an initial public offering on the London Stock Exchange, the first for a UAE-based company this year. The company sold 38.5 million new and existing shares, or 32.9 percent of its total equity. UAE-based private equity firm Ithmar Capital will retain… Read More
WAMEX Announces IPO of Mexican Portfolio Company Hoteles City Express (Latin America)
Mexico-focused private equity manager WAMEX Private Equity has announced the initial public offering of its portfolio company Hoteles City Express, a budget business hospitality chain, on the Mexican Stock Exchange. The offering amount was US$200 million, and the new financing will be used primarily to further expand the company. WAMEX’s investment in Hoteles is structured through Fund MIF II. Read More
İş Private Equity Exits Aras Cargo to an Austrian Company for TRY100 Million (CEE and CIS)
İş Private Equity, a private equity firm focused on Turkish small- and medium-sized enterprises, has agreed to sell a 20 percent stake in Aras Cargo, a Turkey-based shipping and packaging company, to Austria Post for TRY100 million (US$53 million). Austria Post is a logistics and postal services provider in Austria, and will use the investment in Aras Cargo to enter… Read More
Portable Sanitation Services Firm Saraplast Gets Funding from responsAbility (Asia)
responsAbility Investments, an asset manager specializing in emerging economies, has invested in Saraplast, an India-based manufacturer of sanitary facilities and a provider of liquid waste management. Saraplast has proposed a pay-and-use model for its sanitation services and is working to improve sanitation facilities in schools. Financial details of the transaction were not disclosed. Read More
ADM Capital Completes Follow-on Investment in Labnet Holding (CEE and CIS)
ADM Capital, an investment firm focused primarily on recovery, special situations and event-driven opportunities in emerging markets, has completed a follow-on investment in Labnet Holding, a Kazakhstan-based company that owns and operates medical laboratories and service centers across Kazakhstan, Kyrgyzstan and Russia. The investment is structured through ADM Capital’s Kazakhstan Growth Fund and follows ADM Capital’s original 2012 investment in… Read More