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The African Agriculture Fund Concludes an Investment in Côte d’Ivoire (Sub-Saharan Africa)
The African Agriculture Fund (AAF), a private equity fund managed by Sub-Saharan Africa-focused fund manager Phatisa, has invested in Continental Beverage Company (CBC), a Côte D’Ivoire-based bottler and distributor of mineral water. CBC, a wholly owned subsidiary of West and Central African conglomerate The Teylium Group, markets the Olgane brand of mineral water. Financial details of the transaction were not… Read More
TPG Affiliate, Indonesia Tycoon Buy Charoen’s Stake in Hutchison Indonesian Unit (Asia)
A consortium of investors including Northstar Pacific Partners, the Indonesia-focused private equity affiliate of U.S.-based global private investment firm TPG, and businessman Garibaldi Thohir have reportedly purchased Indonesian telecommunications company Hutchison 3 Indonesia from Thai conglomerate Charoen Pokphand Group. Financial details of the transaction were not disclosed. Read More
GP Investments Invests BRL100 Million in EBAM (Latin America)
Brazil-focused alternative investment company GP Investments has invested BRL100 million (approximately US$50.4 million) in Empresa Brasileira de Agregados Minerais (EBAM), a Brazilian mining company and producer of mineral aggregates. GP Investments structured the transaction through Basel Participações, a holding company under its GP Capital Partners V private equity fund. GP had previously invested BRL64 million (approximately US$32.1 million) in EBAM… Read More
CLSA Capital Partners Invests in Scinor Water Limited (Asia)
CLSA Capital Partners, the alternative asset management arm of Hong Kong-based brokerage CLSA Asia-Pacific Markets, and venture capital firm Kleiner Perkins Caufield Byers have invested US$10 million in Chinese water membrane manufacturing company Scinor Water Limited. CLSA structured the transaction through its Clean Resources Asia Growth Fund private equity fund. The investment is intended to help Scinor expand its water… Read More
ChrysCapital Picks Up 10 Percent in Au Financiers for INR1.2 Billion (Asia)
Indian private equity firm ChrysCapital has invested INR1.2 billion (approximately US$22.1 million) in Indian non-banking finance company Au Financiers for a 10 percent stake. ChrysCapital acquired 7 percent from Indian private equity firm Motilal Oswal Private Equity and the remaining 3 percent from the company’s founders, the Agarwal family. Au Financiers provides loans for personal and commercial vehicles, businesses and… Read More
Mobile Payment Startup uBank Raises US$8 Million from Runa Capital (CEE and CIS)
Russian venture capital firm Runa Capital has invested US$8 million in Series A funding in uBank, a Russian developer of payment services for mobile devices. The service allows users to pay bills and transfer funds from smartphones or personal computers. uBank plans to expand its coverage to other CIS countries and to support international payments; the funding will be used… Read More
WestBridge, TA Associates Invest in Dr. Lal PathLabs (Asia)
India-focused private investment firm WestBridge Capital and U.S.-based private equity firm TA Associates have together invested US$44 million in Dr. Lal PathLabs, an Indian pathology and diagnostics company. WestBridge invested US$35 million from its evergreen fund WestBridge Crossover Fund, with TA Associates contributing US$9 million. Under the terms of the transaction, part of the stake acquired by the two firms… Read More
Elbrus Capital to Acquire OSG Records Management (CEE and CIS)
Russia and CIS-focused private equity firm Elbrus Capital has agreed to purchase Russia-based document storage and records management company OSG Records Management from private equity investor Aurora Russia. OSG Records Management operates in Russia, Ukraine, Kazakhstan, Poland and other countries in Eastern Europe. Financial details of the transaction were not disclosed. Read More
CMIA China, China Merchants Technology Back China Farm Equipment (Asia)
Singapore-based private equity firm CMIA Capital Partners has invested US$23 million in the privatization of Singapore Stock Exchange-listed China Farm Equipment. The transaction was structured through CMIA China Fund IV, a private equity fund jointly managed by CMIA and China Merchants Technology Holdings, the venture capital arm of state-owned enterprise China Merchants Group. Read More
ADM Capital, Chagala Group Purchase Office Building in Kazakhstan (CEE and CIS)
Chagala Group, a service provider for oil and gas companies operating in Kazakhstan, has purchased an office building in Almaty in partnership with investment management firm ADM Capital’s Kazakhstan Capital Restructuring Fund. Chagala will manage the office building on behalf of the joint venture. Financial details of the transaction were not disclosed. Read More
TPG in Partial Exit from Shriram Transport (Asia)
Global private investment firm TPG has partially exited its investment in Indian logistics financier Shriram Transport Finance. TPG sold 23.15 million shares, representing an approximate 10 percent stake in Shriram, on the National Stock Exchange for INR16.6 billion (approximately US$303 million). Following the sale, TPG retains an ownership stake of over 10 percent in the company. Read More
Intaj II Takes a Strategic Equity Stake in Orchidia (MENA)
Swicorp, an investment firm focused on the Middle East, North Africa and Turkey, has invested in Egyptian ophthalmological pharmaceuticals manufacturer Orchidia Pharmaceutical Industries. The investment, structured through Swicorp’s Intaj II investment fund, is intended to enable Orchidia to accelerate growth through the launch of new products and expansion to new markets, such as Saudi Arabia. Financial details of the transaction… Read More