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.
I.Systems Gets Capital Injection from Fundo Pitanga (Latin America)
Fundo Pitanga, a Brazilian private equity fund, has invested in Brazilian industrial automation systems developer I.Systems. I.Systems has developed a tool to improve the performance of current industrial automation software, and intends to use the funding to market its product in Brazil and abroad. Financial details of the transaction were not disclosed. Read More
TNT Express Sells Domestic Road Business in China (Asia)
Chinese private equity firm CITIC Private Equity has purchased Hoau, the Chinese subsidiary of Dutch road services company TNT Express. Hoau operates a domestic road distribution network with about 1,500 depots, covering more than 600 cities throughout China. Financial details of the transaction, which is subject to regulatory approval, were not disclosed. Read More
TPG Completes Take-Private of China’s ShangPharma Corporation (Asia)
Global investment firm TPG has participated in the US$173 million privatization of China’s ShangPharma Corporation. ShangPharma is a pharmaceutical and biotechnology research and development outsourcing company previously listed on the New York Stock Exchange. TPG originally invested US$35 million in ShangPharma in 2007, and partially exited the company following ShangPharma’s 2010 initial public offering. TPG reportedly contributed up to US$25… Read More
Ostrovok.ru Raises US$25 Million from Investment Consortium (CEE and CIS)
Global venture capital firm General Catalyst Partners has led a US$25 million investment in Russian online travel services company Ostrovok.ru. The company intends to use the investment to fund the development of new and existing products, including a service to book hotels on partner websites. Additional participants in the financing round included venture capital firms Accel Partners and Frontier Ventures. Read More
Clube de Autores Receives Capital Injection from FIR Capital Partners (Latin America)
Brazil-focused private equity firm FIR Capital Partners has invested in Clube de Autores, an online book printing service based in Brazil that targets independent authors. Clube de Autores’ software connects authors with printing companies, and the company plans to also market its software for online sales and management of orders and printing to traditional publishers. Financial details of the transaction… Read More
Navis Invests in Strateq Group (Asia)
Asia-focused private equity firm Navis Capital Partners has invested in Malaysian information technology services company Strateq. Navis, alongside the Strateq management team, purchased a 54.8 percent stake from Malaysian investment firm Kencana Capital Assets and also invested new growth capital into the company. Financial details of the transaction were not disclosed. Read More
Moller y Pérez-Cotapos Raises US$92 Million in IPO (Latin America)
Moller y Pérez-Cotapos (MPC), a Chilean construction company backed by international private equity investor CVCI Private Equity, has raised approximately US$92 million through an initial public offering on the Santiago Stock Exchange. The offering totaled 105 million shares, including a primary offer from MPC and a secondary offering of shares owned by CVCI Growth Partnership II fund. The secondary offering… Read More
Mediterra Capital Raises EUR164 Million Private Equity Fund for Turkey (CEE and CIS)
Turkey-focused private equity firm Mediterra Capital has confirmed the final closing of its first private equity fund, Mediterra Capital Partners I, with EUR164 million (approximately US$213 million) in commitments. The fund raised capital from institutional investors including development finance institutions, funds of funds and asset management companies, as well as Turkish industrialist families and entrepreneurs. The final close of the… Read More
Blackstone Acquires Majority Stake in Sree Jayajothi Cements for US$100 Million (Asia)
Global investment and advisory firm Blackstone has agreed to purchase a 53 percent stake in Indian cement manufacturer Sree Jayajothi Cements for INR5.5 billion (approximately US$100 million). Blackstone will purchase at least part of the stake from Shriram EPC, an engineering and construction-focused subsidiary of Indian financial services conglomerate Shriram Group, which acquired a majority stake in Sree Jayajothi Cements… Read More
UOB Venture Management, Venstar Capital to Invest US$22.5 Million in Go Marine Malaysia (Asia)
Singapore-based private equity firms UOB Venture Management (UVM) and Venstar Capital, along with an undisclosed individual investor, have agreed to invest US$22.5 million in Go Marine Malaysia, a subsidiary of Singapore-based shipbuilding and chartering company Otto Marine. UVM’s Asean China Investment Fund II and UVM 2 Venture Investments, and Venstar’s Venstar Investments II and Venstar Investments III will be allotted… Read More
ChrysCapital Acquires Stake in Ipca Laboratories for US$40 Million (Asia)
India-focused investment firm ChrysCapital has invested approximately US$40 million for a 4 percent stake in Indian pharmaceuticals manufacturer Ipca Laboratories. The investment was reportedly made through incremental share purchases on the Bombay Stock Exchange over the past 5 to 6 months. Ipca Laboratories manufactures drugs for domestic and international brands, as well as for the generic drug market. Read More
Shoreline Capital Announces Fund II Closed Over US$300 Million (Asia)
China-focused distressed debt and special situations investment firm Shoreline Capital Management has announced the closing of its second fund, Shoreline China Value II, with US$303 million in commitments. The firm raised capital from institutional investors in North America, Europe, Asia and the Middle East. The fund has already invested over one-third of its committed capital in five investments in China. Read More