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.
Mitsubishi to Control Grain Company Los Grobo Ceagro do Brasil (Latin America)
Brazilian private equity firm Vinci Partners and Argentine agribusiness group Los Grobo have sold their 60 percent stake in Brazilian grain company Los Grobo Ceagro do Brasil to Japanese conglomerate Mitsubishi. Mitsubishi previously acquired a 20 percent stake in Ceagro in January 2012, resulting in a total ownership stake of 80 percent. The remaining 20 percent stake is owned by… Read More
CDF Capital Backs Chinese Horse Breeder (Asia)
Chinese private equity firm Shenzhen CDF Capital has participated in the RMB100 million (approximately US$16.3 million) Series B financing round of Chinese horse breeder Rider Horse. The latest investment follows the company’s August 2012 RMB120 million (approximately US$19.4 million) Series A financing round led by Hong Kong-based private equity and alternative asset investment firm SMC Capital China. Rider Horse breeds… Read More
Capital International Backs Philippines Media Conglomerate (Asia)
Emerging markets private equity firm Capital International Private Equity Funds (CIPEF) has invested PHP2.5 billion (approximately US$60.7 million) in Filipino media and entertainment company ABS-CBN. The funding is intended to expand ABS-CBN’s platform offerings, including its digital terrestrial television services. CIPEF will purchase Philippines Deposit Receipts (PDRs) issued by ABS-CBN at a 2.1 percent discount to the 45-day volume-weighted average. Read More
Actis Celebrates Ugandan Bank Sale (Sub-Saharan Africa)
Emerging markets private equity investor Actis has sold the majority of its 60 percent stake in Ugandan bank DFCU to Norfund, a Norwegian development finance institution, and Rabo Development, a subsidiary of Dutch banking group Rabobank. Actis had been managing the 60 percent stake on behalf of its former parent, U.K. development finance institution CDC Group, which chose to retain… Read More
Hony Capital Sells Down Holding in Jiangsu Phoenix Publishing & Media (Asia)
China-focused private equity firm Hony Capital has reduced its holding in Shanghai Stock Exchange-listed publishing company Jiangsu Phoenix Publishing & Media. Hony sold 25 million shares of Phoenix at a price range of RMB8 to RMB8.89(approximately US$1.29 to US$1.44) per share, for a total transaction value of roughly US$32.3 million to US$35.9 million. Hony originally invested RMB481 million (approximately US$77.8… Read More
Mid Europa Partners to Invest in Polskie Koleje Linowe (CEE and CIS)
Mid Europa Partners, a private equity firm focused on Central Europe and Turkey, has agreed to purchase a 100 percent stake in Polskie Koleje Linowe (PKL), a Polish mountain tourism firm. PKL operates skiing services in six locations in Poland, and intends to use the funding to expand its operations to additional locations. Financial details of the transaction were not… Read More
Partners Group Secures India Buyout (Asia)
Global private investment firm Partners Group has agreed to invest US$275 million in CSS Corp, an Indian IT services company. Following the investment, Partners Group will own an 80 percent stake in the company, taking over the 70 percent stake currently held by private equity firms SAIF Partners and Goldman Sachs Private Equity, as well as venture capital firm Sierra… Read More
Goldman Sachs Sells Final US$1.1 Billion Piece of Chinese Bank (Asia)
The private equity arm of global investment bank Goldman Sachs has sold the remainder of its stake, totaling 1.58 billion shares, in Industrial and Commercial Bank of China (ICBC) for US$1.1 billion. The divestment, which took place through a block share sale on the Hong Kong Stock Exchange, reportedly brings Goldman Sachs’s total return on its investment to US$9.9 billion… Read More
JustDial Issue Subscribed Over 11 Times (Asia)
Indian search engine Just Dial has held an initial public offering on India’s National Stock Exchange, Bombay Stock Exchange and MCX Exchange, raising around US$170 million. The offering, which was anchored by a US$38 million investment from Singaporean sovereign wealth fund Temasek and global asset manager Fidelity Investments, was oversubscribed by 11.6x. Private equity firms Sequoia Capital and SAIF Partners,… Read More
SEAVI Advent Private Equity Completes Its Investment in Multicon Indrajaya Terminal (Asia)
SEAVI Advent Private Equity, the Asia-focused affiliate of global private equity firm Advent International, has participated in a US$17 million investment round in Indonesian port depot management services company Multicon Indrajaya Terminal. Multicon operates container depots in seven Indonesian ports. The investment is intended to support the company’s growth and expansion. Read More
Unicorn Capital Partners Has Held Its First Close of US$100 Million (CEE and CIS)
Russia-based infrastructure buyout fund Unicorn Capital Partners has held a first close on its maiden fund with US$100 million in commitments. The fund, which is targeting a maximum fund size of US$500 million, will focus on investments in small- and medium-sized enterprises in Russia and abroad. Sectors targeted by the fund include infrastructure development, infrastructural assets, machine-building, automotive components production,… Read More
CDH Investments Partially Exits from Springland International Holdings (Asia)
China-based alternative asset fund manager CDH Investments has sold 166 million shares in Chinese department store and supermarket operator Springland International Holdings. The shares, which were divested on the Hong Kong Stock Exchange, were priced at HKD3.75 (approximately US$0.48) per share, representing a total transaction value of HKD622.5 million (approximately US$80.2 million). Read More