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.
China New Enterprise Investment (CNEI) Exits Liyuan Aluminum (Asia)
China-focused growth capital investor China New Enterprise Investment (CNEI) has sold its stake in Jilin Liyuan Aluminum , a Chinese manufacturer of aluminum extrusion products, for a total value US$77.2 million on the Shenzhen SME Board. CNEI originally invested US$7.5 million in Liyuan for a 16 percent stake in July 2008, and the company held an initial public offering on… Read More
General Atlantic Invests in SMILES’S IPO (Latin America)
Global private equity firm General Atlantic has invested BRL400 million (approximately US$199 million) in SMILES, a subsidiary of Brazilian airline GOL Linhas Aéreas Inteligentes. The transaction took place as part of SMILES’ initial public offering on the BM&FBOVESPA exchange, which raised BRL953.6 million (approximately US$474 million) after commissions and expenses. The investment is intended to fund the advance purchase of… Read More
IDFC, Capital International Exit India’s Manipal Group Via Share Buyback (Asia)
IDFC Alternatives, the alternative asset management unit of India’s IDFC, and emerging markets private equity firm Capital International have exited their holdings in Manipal Education and Medical Group International (MEMG), an Indian operator of educational institutions and hospitals. MEMG raised US$260 million in debt financing to buy back the shares held by the two firms. Capital International originally invested US$40… Read More
Central Africa SME Fund Reaches Final Close at US$19 Million (Sub-Saharan Africa)
Central Africa-focused private equity fund manager XSML has announced the closing of its Central Africa SME Fund with US$19 million in committed capital. The fund plans to pursue investments in small- and medium-sized enterprises in the Democratic Republic of the Congo and the Central African Republic. To date, the fund, which is sector-agnostic, has made 12 investments—9 in the Democratic… Read More
CDH Investments Backs Online Home Textile Products Seller Dapu (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
SMC Capital China Invests US$5 Million in Dalian Senyint (Asia)
SMC Capital China, the China-focused growth capital platform of the Simon Murray Group, has invested RMB30 million (approximately US$5 million) in Dalian Senyint International Digital Medical System, a Chinese IT solutions provider for hospitals. The Series A investment is intended to further develop the company’s hospital IT solutions products. SMC Capital China manages both U.S. dollar and local currency funds… Read More
Creador Partially Exits OldTown White Coffee (Asia)
Creador Capital, a private equity firm focused on India, Malaysia and Indonesia, has partially exited its investment in Malaysian restaurant chain OldTown White Coffee, selling 45 percent of its equity holding to a group of mutual funds for around US$15 million. Creador originally invested MYR45.7 million (approximately US$15 million) in the company in 2012. The exit generated an approximate 2x… Read More
SEAF India Agribusiness Fund Leads US$2.75 Million Investment in Khyati Foods (Asia)
SME-focused investment firm Small Enterprise Assistance Funds (SEAF) and Canada-based private equity investor Sarona Asset Management have jointly invested US$2.75 million in Khyati Foods, an Indian organic cotton and soybean processor, for a minority stake. The investment is intended to help Khyati expand its processing facilities and further develop its product base. SEAF, via the SEAF India Agribusiness Fund, invested… Read More
CHAMP Private Equity, Headland Capital Partners Invest in Miclyn (Asia)
Australia-based private equity firm CHAMP Private Equity and Asia-focused private equity firm Headland Capital Partners have jointly invested in Miclyn Express Offshore, a Singapore-headquartered provider of service vessels for offshore oil and gas production. The two firms, which invested in Miclyn in October 2012, each acquired an additional 8 percent stake in the company, bringing their combined equity holding to… Read More
Four Firms Invest in Online Bidding Platform for Second-hand Cars (Asia)
Investment firms Legend Capital, Doll Capital Management, Bertelsmann Asia Investments and Tencent Collaboration Fund have jointly invested US$30 million in Youxinpai.com, a Chinese online platform for secondhand car sales. Youxinpai.com allows users to bid on secondhand cars and provides car testing, payment, transportation logistics and after-sales services. Read More
ChrysCapital Buys into KKR and IFC-backed Magma Fincorp (Asia)
Indian private equity firm ChrysCapital has acquired a stake in Indian non-banking financial company Magma Fincorp through a series of share purchases on both the Bombay Stock Exchange and National Stock Exchange of India. While financial details of the transactions were not disclosed, ChrysCapital reportedly purchased a 7-8 percent stake in the company for a total transaction value of INR1.2… Read More
Warburg Pincus Invests in INEA (CEE and CIS)
Global private equity firm Warburg Pincus has acquired a minority stake in INEA, a Polish telecommunications operator. The investment is intended to fund the expansion of INEA’s Next Generation Access (NGA) network of cable television and high speed internet offerings throughout western Poland, as well as support consolidation of the sector. Financial details of the transaction were not disclosed. Read More