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Investec Private Equity Buys Stake in Assupol (Sub-Saharan Africa)
Investec Private Equity, the private equity division of international specialist banking and asset management firm Investec, has acquired a 30 percent stake in Assupol, a South African life insurance and financial services company. The investment consists of an equity injection as well as a debt component payable over five years. Financial details of the transaction were not disclosed. Read More
Turkey’s Actera Group Buys 50 Percent of Çelebi Aviation Stake (CEE and CIS)
Turkish private equity firm Actera Group has bought a 50 percent stake in Turkish aviation services company Çelebi Aviation through its Dutch Zeus Aviation Services Investments vehicle. The stake was purchased from the Çelebi family, who will continue to hold a 22.63 percent stake in the company. Financial details of the transaction were not disclosed. Read More
Headland Seals Mamee-Double Decker Deal (Asia)
Asia-focused private equity firm Headland Capital Partners has entered into a partnership with Malaysian food and beverage manufacturer Mamee-Double Decker. Mamee-Double Decker produces snacks and instant noodles for the Malaysian market and plans to use the investment, which was made through Headland Private Equity Fund 6, to expand into other Southeast Asian markets. Financial details of the transaction were not… Read More
PE Firms to Invest INR904 Million in 20Cube Logistics (Asia)
India-focused private equity firm Zephyr Peacock India and Singapore-based private equity firm Credence Partners have agreed to invest INR904 million (approximately US$17 million) in Indian logistics firm 20Cube Logistics. 20Cube offers international transportation and contract logistics services in India, Australia, Sri Lanka, Bangladesh, Malaysia, Singapore, China, Uganda and the United Arab Emirates. The private equity firms will advise 20Cube on… Read More
Modal Private Equity Invests BRL100 Million in Georadar (Latin America)
Brazilian private equity firm Modal Private Equity has invested BRL100 million (approximately US$50.1 million) in Georadar Group, an oil and gas exploration and production company based in Brazil. The investment, which was made through Modal’s Óleo & Gás FIP, is intended to expand Georadar’s offshore and international activities. Read More
Clearwater Exits Gujarat-based Sayaji Hotels (Asia)
Asia-focused special situations investor Clearwater Capital Partners has sold its entire 27.16 percent stake in Indian hotel management chain Sayaji Hotels to the Dhanani family, the chain’s promoters. Clearwater disposed of its 4.75 million equity shares at INR130 per share (approximately US$2.44), valuing the transaction at approximately US$11.6 million. Clearwater originally invested in Sayaji in 2006. Read More
Baring Private Equity Asia Exits Taiwan-listed Airtac (Asia)
Baring Private Equity Asia (BPEA), an Asia-focused private equity fund manager, has fully divested its holdings in Airtac International Group, a China-based manufacturer of pneumatic components. BPEA, which first invested in Airtac in 2006 through its fourth private equity fund, sold its entire shareholding on the Taiwan Stock Exchange for TWD1.89 billion (approximately US$63.8 million). Read More
Warburg Pincus Starts Exiting Havells (Asia)
Global private equity firm Warburg Pincus has begun exiting its holding in Indian electrical equipment company Havells India. Warburg, which held a 14 percent equity stake in Havells, sold 7 million shares (5.6 percent of Havells’s total equity) on the Bombay Stock Exchange for INR4.55 billion (approximately US$85.5 million). The sale was executed through Warburg’s subsidiary Seacrest Investments. Read More
TVM Capital MENA Announces New Investment in Home Care Service (MENA)
Healthcare and pharmaceutical sector-focused private equity investor TVM Capital MENA has acquired a majority stake in United Arab Emirates-based home care services company Manzil Health Care Services. Manzil provides individualized nursing care, medical care and rehabilitation care services, and the company plans to enhance and expand its offerings throughout the region. Financial details of the transaction were not disclosed. Read More
Delta Partners Capital Announces the US$100 Million First Closing of its Second Fund (Pan-Emerging Markets)
Delta Partners Capital, an advisory and investment firm headquartered in the United Arab Emirates, has announced the first closing of its Emerging Markets TMT Growth Fund II with US$100 million in commitments. The fund, which is targeting US$300 million in total commitments with a US$500 million hard cap, will invest in telecommunications, media and related technology companies in Africa, Central… Read More
Blackstone Announces Acquisition of a Majority Stake in Maldivian Air Taxi and Trans Maldivian Airwa
Global investment and advisory firm The Blackstone Group has announced the acquisition of a majority stake in two seaplane operators in the Maldives, Maldivian Air Taxi and Trans Maldivian Airways, through one of its private equity funds. The two airlines operate a combined total of 44 seaplanes catering to the Maldivian tourism industry. Financial details of the transaction were not… Read More
RRJ Capital Buys Hong Kong-based Children’s Wear Retailer Kingkow (Asia)
Asia-focused private equity firm RRJ Capital has purchased a 75 percent stake in Hong Kong’s SKC Group, the owner of children’s wear retailer Kingkow. Kingkow operates stores in Hong Kong, mainland China, Macau, Taiwan, Singapore and Thailand. Financial details of the transaction were not disclosed. RRJ has reportedly raised US$3.5 billion for its second Asia-focused buyout fund, RRJ Capital Master… Read More