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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
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