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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
Matahari Share Sale Valued at US$1.3 Billion (Asia)
Global private equity and investment advisory firm CVC Capital Partners and Indonesian investment holding company PT Multipolar Tbk have sold nearly half of their stake in Indonesian retailer Matahari Department Store for approximately US$1.3 billion. CVC and Multipolar reportedly sold around 1.17 billion shares in the Indonesia Stock Exchange-listed company for IDR10,850 (approximately US$1.12) per share. CVC originally invested in… Read More
Enterprise Investors Invests in Nu-Med Group (CEE and CIS)
Central and Eastern Europe-focused private equity firm Enterprise Investors (EI) has invested in Polish radiotherapy center operator Nu-Med Group. Nu-Med, which started radiotherapy operations in January 2013, offers oncology treatments through a 25-bed facility equipped with three linear accelerators. Financial details of the transaction, which was structured through EI’s Polish Enterprise Fund VII, were not disclosed. Read More
Enterprise Investors’ Venture Fund Invests EUR2.2 Million in EP Serwis (CEE and CIS)
Polish private equity and venture capital firm Enterprise Investors has invested EUR2.2 million (approximately US$2.9 million) in EP Serwis, a Polish manufacturer and service provider for wooden pallets. EP Serwis intends to accelerate its growth through investments in system development and pallet pool expansion. Enterprise Investors structured the investment through its Enterprise Venture Fund I venture capital fund. Read More
Motilal Oswal Invests US$6.5 Million in Magicrete (Asia)
Motilal Oswal Private Equity (MOPE), the private equity arm of Indian financial services company Motilal Oswal, has invested INR350 million (approximately US$6.5 million) in Indian building materials manufacturer Magicrete Building Solutions. Magicrete produces autoclave aerated concrete blocks, gypsum plaster and dry mortar, and intends to use the funding to accelerate its growth. MOPE structured the transaction through its India Business… Read More
Globus Spirits Gets INR705 Million from Templeton Fund (Asia)
Asset management firm Templeton Asset Management has invested INR705 million (approximately US$13 million) in Indian liquor producer Globus Spirits. Globus, which is listed on the Bombay Stock Exchange and the National Stock Exchange, produces both Indian and foreign spirits. Templeton structured the transaction through Templeton Strategic Emerging Markets Fund IV. Read More
Mekong Enterprise Fund II Partially Exits Its Investment in MobileWorld (Asia)
Mekong Capital, a Vietnam-focused private equity firm, has announced the completion of a partial exit from its 2007 investment in Vietnamese mobile phone retailer MobileWorld Investment Corporation. Mekong Capital’s Mekong Enterprise Fund II sold part of its stake to an undisclosed financial investor, reducing its holding from 32.5 percent to 25.8 percent. While financial details of the transaction were not… Read More
SkyLake Incuvest Acquires Tapex at KRW100 Billion (Asia)
South Korea-based private equity firm SkyLake Incuvest has agreed to acquire an 83 percent stake in adhesives manufacturer Tapex from KDB Capital and JKL Partners for KRW100 billion (US$91 million). In addition to plastic wrap and other household and office items, Tapex produces specialty tape used in LCD, semiconductor and battery manufacturing applications. Read More