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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
Indonesia-Based Online Retailer Lazada Raises Another US$100 Million (Asia)
Lazada, an Indonesia-based online retail sales company focused on Southeast Asia, has secured US$100 million in funding from European investors, including from existing stakeholder Summit Partners, a growth equity and credit investor. Apart from Summit Partners, existing investors that are also participating in the investment round include J.P. Morgan; the venture capital arm of Germany’s Holtzbrink publishing group; Kinnevik, a… Read More
Advent Acquires 50 Percent Stake in Colombia’s Alianza Fiduciaria (Latin America)
Global private equity firm Advent International will acquire a 50 percent stake in Alianza Fiduciaria, a Colombia-based asset management company, from the Colombian investment group Organización Delima. The agreement represents the first step in a process by which Advent International will become a shareholder in Alianza Fiduciaria. Financial details of the transaction were not disclosed. Read More
Evercore Mexico Closes Fund III on US$201 Million (Latin America)
Evercore Mexico Capital Partners (EMCP), the Mexican private equity business of investment banking firm Evercore Partners, has raised US$201 million for Evercore Mexico Capital Partners III (EMCP III). EMCP III, which was launched in the second quarter of 2012, will employ EMCP’s strategy of making minority investments in high-growth, family-owned and privately held Mexican companies. EMCP III plans to invest… Read More
The Abraaj Group Acquires 100 Percent Stake in African Frozen Dairy Business (Sub-Saharan Africa)
The Abraaj Group, an investor operating in the growth markets of Asia, Africa, Latin America and the Middle East, has agreed to acquire a 100 percent stake in Ghana-based Fan Milk International (FMI), a manufacturer and distributor of frozen dairy products and juices in West Africa. FMI intends to embark on further growth into new markets within Africa. Financial details… Read More
Investcorp’s Gulf Fund Acquires a 38 Percent Stake in Saudi Arabia’s Al Yusr Industrial Contracting Company (MENA)
Investcorp, a Bahrain-based manager of alternative investment products, has agreed to acquire a 38 percent stake in Al Yusr Industrial Contracting Company, a provider of technical industrial support services to the petrochemical, oil and gas sectors in Saudi Arabia and Qatar. The investment was structured through Investcorp’s Gulf Opportunity Fund. Financial details of the transaction were not disclosed. Read More
ChrysCapital Acquires 4 Percent Stake in Infotech Enterprises (Asia)
ChrysCapital, an investment firm that focuses on growth sectors in India, has acquired a 4 to 4.5 percent stake in India-based Infotech Enterprises from venture capital firm Sequoia Capital India. Infotech Enterprises is an IT services firm that provides engineering solutions to organizations worldwide, and is listed on both the National Stock Exchange of India and the Bombay Stock Exchange.… Read More