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Baring Private Equity Asia Increases Stake in Magic Holdings (Asia)
Asia-focused private equity firm Baring Private Equity Asia has increased its stake in Chinese cosmetics and skincare products manufacturer Magic Holdings. Baring purchased over 7.3 million shares on the Hong Kong Stock Exchange for HKD22.3 million (approximately US$2.9 million) through Baring Asia Private Equity Fund V, raising its stake from 20.31 percent to 21.03 percent. Read More
Global Environment Fund Adds Sulanji Siwale to Africa Team
January 29, 2013 CHEVY CHASE, Md. — Global Environment Fund (GEF) announced today that Sulanji Siwale has joined the firm as a Managing Director based in Johannesburg, South Africa, as a member of the team that is executing GEF’s private equity investment program in Sub-Saharan Africa. Mr. Siwale has 18 years of investment experience across the continent of Africa. He… Read More
IFC Invests US$29 Million in Brazilian Fund Gávea Crédito Estruturado FIDC (Latin America)
International Finance Corporation (IFC), the private sector development arm of the World Bank Group, has committed BRL60 million (approximately US$29 million) to Gávea Crédito Estruturado FIDC, a private credit fund managed by Brazilian asset management firm Gávea Investimentos. The fund will provide long-term superior, mezzanine subordinated and junior subordinated debt to companies in Brazil, drawing the capital from institutional investors… Read More
Altra Investments Closes Second Fund (Latin America and the Caribbean)
Altra Investments, a buyout firm focused on the Andean region, has announced the final close of its second private equity fund, Altra Private Equity Fund II, with US$355.8 million in capital commitments. The fund raised capital from public and private pension funds, funds of funds, family offices, sovereign wealth funds, endowments and foundations. Altra’s strategy is to acquire controlling stakes… Read More
Institutional Investors Strengthen Fincentrum (CEE and CIS)
CEE-focused private equity firm ARX Equity Partners, Switzerland-based asset management company Capital Dynamics and independent investor Lubor Žalman have agreed to invest in Fincentrum, a financial consultancy operating in the Czech Republic and Slovakia. With the investment, Fincentrum intends to accelerate its growth in both markets. Financial details of the transaction were not disclosed. Read More
IFC Catalyst Fund Mobilizes US$280 Million to Spur Climate Investment by Private Equity Funds (Pan-Emerging Markets)
International Finance Corporation (IFC), the private sector development institution of the World Bank Group, the governments of Canada and the United Kingdom, and the sovereign wealth fund of Azerbaijan have collectively invested about US$280 million in the IFC Catalyst Fund, a private equity fund of funds managed by IFC. IFC is committing US$75 million to the vehicle, which will invest… Read More
Godrej Consumer Products Selling Indonesian Food Business to Private Equity Firm Creador (Asia)
Creador Capital, a private equity firm focused on India, Indonesia and Malaysia, is purchasing the Indonesian food business of Indian company Godrej Consumer Products. Under the terms of the transaction, the subsidiary will continue to distribute cereals, snacks and instant food products under the brands Simba and Turbo in Indonesia for two years. Financial details of the transaction were not… Read More
IFC Invests in Amen Bank (MENA)
International Finance Corporation (IFC), the private sector development institution of the World Bank Group, and two funds managed by IFC Asset Management Company (the IFC Capitalization Fund and the African Capitalization Fund) have agreed to invest up to US$48 million in Tunisia’s Amen Bank. The commitment will help Amen Bank realize its goal to lend US$800 million to small businesses… Read More
GEF to Invest US$8.4 Million in Integrated Cleanroom Technologies (Asia)
Global private equity investor Global Environment Fund (GEF) has invested INR450 million (approximately US$8.4 million) in India’s Integrated Cleanroom Technologies (IClean) through its South Asia Clean Energy Fund. IClean provides contamination-free and temperature-controlled room facilities for industries such as pharmaceuticals, biotechnology, food and beverage, healthcare and electronics. The company plans to use the funding to expand its manufacturing facilities. Read More
Amwal AlKhaleej Exits Investment in Al Rowad Private Education Group (MENA)
Middle East-focused alternative investment firm Amwal AlKhaleej has exited its investment in Al Rowad Private Education Group (Rowad), a private school operator in Saudi Arabia, through a trade sale to an undisclosed buyer. Amwal AlKhaleej originally invested in Rowad in 2008 through its Amwal II private equity fund and reportedly earned a cash-on-cash return of 1.8x from the exit. Read More
Globalturk Capital Facilitates Japanese Venture-Growth Capital to Enter Turkey (CEE and CIS)
Turkish investment management and advisory services firm Globalturk Capital has partnered with Japanese trading and investment company Mitsui & Co. to invest in Turkish call center operator Tempo Cagri Hizmetleri. Globalturk, which invested in Tempo in 2011, facilitated this recent co-investment alongside Mitsui. Financial details of the transaction were not disclosed. Read More
Ethos Fund VI Raises US$800 Million (Sub-Saharan Africa)
South African fund manager Ethos Private Equity has closed its sixth private equity fund, Ethos Fund VI, with US$800 million in capital commitments. Institutional investors participating in the fund included corporate pension funds, sovereign wealth funds and funds of funds. Ethos Fund VI will focus primarily on South Africa and selectively make investments into other countries in Sub-Saharan Africa. Read More