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.
Baring Private Equity Asia Invests US$256 Million in Lafarge India (Asia)
Asia-focused private equity firm Baring Private Equity Asia has invested INR14 billion (approximately US$256 million) in Lafarge India, the Indian arm of French cement maker Lafarge, acquiring a 14 percent stake. The investment is intended to fund the expansion of all three of Lafarge India’s product lines: cement, aggregates and concrete. The transaction was structured through the US$2.46 billion Baring… Read More
Navis Invests in TES-Envirocorp (Asia)
Asia-focused private equity firm Navis Capital Partners has invested in Singapore-based electronic waste processor TES-Envirocorp for a majority stake. The investment is intended to aid TES-Envirocorp’s expansion regionally as well as to the United States and Europe, while expanding the company’s capabilities in remarketing and other electronic waste services. Financial details of the transaction were not disclosed. Read More
CD Capital Closes US$255 Million Natural Resources Fund (Global)
Global natural resources and mining-focused private equity firm CD Capital has closed its second fund, CD Capital Natural Resources Fund II, with US$255 million in capital commitments. The fund raised over 50 percent of its corpus from endowments, around 30 percent from foundations, and the remainder from family offices and funds of funds. While the fund will have a global… Read More
Brookfield Closes Second Brazilian Timber Fund on US$270 Million (Latin America)
Global alternative asset manager Brookfield Asset Management has closed its Brookfield Brazil Timber Fund II with US$270 million in capital commitments, surpassing its initial target of US$200 million. The fund will focus on equity and equity-related investments in Brazilian timberlands and timber-related assets. Brookfield is currently invested in 2.6 billion acres of timberland across the Americas. Read More
Armstrong’s South East Asia Clean Energy Fund Signs Solar Deal in Thailand with Symbior Energy (Asia)
Singapore-based clean energy investor Armstrong Asset Management has invested in Symbior Solar Siam, a Thai solar energy-focused subsidiary of Hong Kong-based Symbior Energy. The investment, which was structured through the Armstrong South East Asia Clean Energy Fund, is intended to finance the development and operation of solar power projects in central and northeast Thailand. Financial details of the transaction were… Read More
Kenya’s Catalyst Acquired 50 Percent Stake in Ethiopia’s Yes Brands (Sub-Saharan Africa)
East Africa-focused private equity firm Catalyst Principal Partners has acquired a 50 percent stake in Yes Brands Food and Beverage, an Ethiopian bottled mineral water manufacturer. The investment is intended to accelerate the growth of the business through enhanced operational capacity, deeper distribution and product innovation. Financial details of the transaction were not disclosed. Read More
Leopard Haiti Fund Makes Investment in dloHaiti (Latin America)
Frontier markets investment firm Leopard Capital has invested in dloHaiti, a water kiosk venture operating in Haiti. dloHaiti seeks to sell five-gallon containers of water, which have been purified and filtered using solar power, to underserved communities. Leopard’s investment is intended to help finance dloHaiti’s business and product development, infrastructure deployment and domestic market expansion. Financial details of the transaction,… Read More
The Carlyle Group Partners with Nabil Foods (MENA)
Global alternative asset manager The Carlyle Group has acquired a minority stake in Jordanian frozen foods manufacturer Al-Nabil Food Industries (Nabil). The investment was structured through Carlyle MENA Partners, a US$500 million fund focused on the Middle East, North Africa and Turkey. The Rassam family, which owns Nabil, will continue to hold a majority stake in the company following the… Read More
Fanisi Announces Rwanda Investment (Sub-Saharan Africa)
East Africa-focused private equity and venture capital investor Fanisi Venture Capital Management has invested US$3 million in Rwandan agribusiness company ProDev Group Holdings. ProDev Group Holdings owns two subsidiaries: Mimex, a branded maize meal manufacturer, and ProDev Rwanda, which handles, dries and stores the maize. The financing is intended to help Mimex invest in animal feed production, and to assist… Read More
TPG Sells Stake in India’s Shriram Transport Finance (Asia)
Global private investment firm TPG has sold its 10 percent stake in Indian commercial vehicle financier Shriram Transport Finance Company to Indian conglomerate Piramal Enterprises for INR16.52 billion (approximately US$305.5 million). Piramal bought the stake through a block deal on the Bombay Stock Exchange and the sale completes TPG’s exit from the company. TPG originally invested in the company in… Read More
TPG, Northstar in US$1.52 Billion Indonesia Exit (Asia)
Global private investment firm TPG and Indonesia-focused private equity firm Northstar Pacific Partners have sold a 24.26 percent stake in Indonesian Bank Tabungan Pensiunan Nasional (BTPN) to Japanese Sumitomo Mitsui Banking Corporation. The two firms sold a total of 1.41 billion shares at IDR6,500 per share for a total transaction value over IDR9 trillion (approximately US$939 million). TPG and Northstar… Read More
Warburg Pincus Closes US$11.2 Billion Global Private Equity Fund (Global)
Global private equity firm Warburg Pincus has closed its eleventh fund, Warburg Pincus Private Equity XI, with US$11.2 billion in committed capital. The fund, through which Warburg Pincus invests in emerging markets as well as developed markets, will focus on making growth investments in five sectors: energy, financial services, healthcare, technology/media/telecommunications, and consumer/industrial/services. Warburg Pincus raised capital from public and… Read More