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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
China Mengniu Dairy Increases Holding in China Modern Dairy (Asia)
Investment firms Kohlberg Kravis Roberts & Co. (KKR) and CDH Investments have sold their stakes in Chinese dairy products company China Modern Dairy to China Mengniu Dairy for a total transaction value of US$410 million. KKR’s stake was sold through its Advanced Dairy Company holding company for approximately US$310 million, while CDH sold its stake through its holding company, Crystal… Read More
Darby Private Equity Exits Sirma (CEE and CIS)
Darby Private Equity, the private equity arm of Franklin Templeton Investments, has exited its investment in Turkish bottled water and beverage manufacturer Sirma, selling the company to French food and beverage manufacturer Danone. Darby originally structured a mezzanine investment in Sirma through its Converging Europe Mezzanine Fund in 2010, followed by a combined equity and mezzanine investment from the same… Read More
Leopard Cambodia Fund Exits Investment in Kulara Water (Asia)
Frontier markets investment firm Leopard Capital has exited its stake in Kulara Water, a Cambodian bottled water producer, to the company’s founding shareholder. Leopard Capital originally invested US$4.1 million in Kulara from its US$34 million Leopard Cambodia Fund. Financial details of the exit, which is Leopard’s fourth in Cambodia, were not disclosed. Read More
Gávea Investimentos Closes New Investment Round in Colombo (Latin America)
Brazilian private equity firm Gávea Investimentos has invested in Camisaria Colombo, a Brazilian menswear retailer. As part of the transaction, Gávea converted debentures acquired in 2011 into equity. While financial details of the transaction were not disclosed, Gávea reportedly invested BRL150 million (approximately US$75 million) in the company. Read More
Nexus Group Closes Fund II (Latin America)
Peru-based private equity firm Nexus Group has announced the closing of its second private equity fund, NG Capital Partners II, with US$600 million in committed capital. The fund will primarily invest in Peru, but may also invest in other Andean countries. The firm raised capital from international pension plans, sovereign wealth funds, corporations, funds of funds and family offices, with… Read More
Tata Capital Closes Tata Opportunities Fund at US$600 Million (Asia)
Tata Capital, the private equity arm of India’s Tata Group, has closed its India-focused Tata Opportunities Fund with US$600 million in capital commitments. The fund, which is sector-agnostic, will pursue growth and buyout deals in India. Tata Capital received commitments from institutional investors in North America, Asia and the Middle East, and is offering these limited partners the option to… Read More
TPG Increases Stake in Indian Bulk Container Manufacturer (Asia)
China-based alternative asset fund manager CDH Investments has invested RMB30 million (approximately US$4.8 million) in Dapu.com, a Chinese online retailer of home textiles. Dapu, launched in August 2012, sells bed sheets, towels and other textile products. The investment marks Dapu’s first institutional round of funding. Read More