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.
Consortium Buying Stake Worth INR3 Billion in Ratnakar Bank (Asia)
Private equity and venture capital firms Aditya Birla Private Equity, Norwest Venture Partners (NWF), Faering Capital, Argonaut Ventures and Gaja Capital are among the investors committing INR3 billion (approximately US$54.9 million) to India’s Ratnakar Bank. The investment is intended to help Ratnakar prepare for a possible initial public offering in India in 2014. Faering, NWF and Gaja previously invested in… Read More
Fidelity Growth Partners India Invests INR300 Million in Richcore Lifesciences (Asia)
Fidelity Growth Partners India (FGPI), the India-focused private equity arm of Fidelity Worldwide Investment, has invested INR300 million (approximately US$5.4 million) in Richcore Lifesciences, an Indian manufacturer of enzymes for the energy, food and water industries. The company’s portfolio currently includes enzymes to aid sugar and alcohol processing, as well as enzymes for industrial wastewater treatment. Read More
Moonray Healthcare Acquires Lexum (CEE and CIS)
U.K.-based healthcare investor Moonray Healthcare has acquired Czech Republic-based ophthalmologic hospital manager Lexum from CEE-focused private equity firm Arx Equity Partners and Lexum’s founder, Professor Martin Filipec. Lexum operates ten hospitals focused on general ophthalmology and refractive surgery in the Czech Republic and Poland. Financial details of the transaction were not disclosed. Read More
Linzor Capital Partners Acquires Farmashop in Uruguay (Latin America)
Latin America-focused asset management firm Linzor Capital Partners has acquired Uruguayan pharmacy chain Farmashop, which operates 78 pharmacies throughout the country. Financial details of the transaction were not disclosed. Read More
Matrix Partners India Invests in Mswipe (Asia)
Matrix Partners India, the India-focused arm of global private equity firm Matrix Partners, has invested in Indian payment solutions provider Mswipe Technologies. Mswipe’s products allow businesses to accept credit and debit card payments via mobile phones. Financial details of the transaction were not disclosed. Read More
Actis Makes Healthcare Investment in China (Asia)
Emerging markets private equity investor Actis has invested in Chinese medical equipment manufacturer Nanjing Micro-Tech, acquiring a minority stake in the company. Nanjing Micro-Tech’s product portfolio includes endoscopy consumables, non-vascular stents and disposable biopsy forceps, and the company has a network of 120 distributors within China. Financial details of the transaction were not disclosed. Read More
East Capital Exits ELKO Grupa in Latvia (CEE and CIS)
East Capital, a Swedish asset management firm focused on Eastern Europe and China, has sold its 8.8 percent stake in Latvian IT products wholesaler ELKO Grupa to the company’s other shareholders. East Capital first invested in the company in 2005 and provided debt financing in 2008 and 2009. The divested shares came from three East Capital funds: East Capital Bering… Read More
Clearwater Capital Increases Stake in Kamat Hotels (Asia)
Global special situations investor Clearwater Capital has increased its stake in Indian hotel manager Kamat Hotels to 41.3 percent after acquiring additional shares in the listed company and converting existing bond holdings into equity. Clearwater, which previously held a 21.99 percent stake in Kamat, purchased over 1.7 million shares (9.07 percent of shares outstanding) on the Bombay Stock Exchange and… Read More
KKR Strikes Private Equity Deal in Vietnam (Asia)
Global investment firm Kohlberg Kravis Roberts & Co. (KKR) has invested an additional US$200 million in Vietnamese consumer food products company Masan Consumer through a combination of primary and secondary shares. KKR previously invested US$159 million in the company in April 2011. Masan produces condiments, convenience foods and instant coffee. Separately, KKR invested an additional US$40 million in Chinese water… Read More
Online Fashion Retailer Namshi Set to Expand Regionally (MENA)
United Arab Emirates-based online fashion retailer Namshi has received investment from U.S.-based growth equity firm Summit Partners. Namshi sells apparel from over 550 brands to customers within the Gulf Cooperation Council countries. Financial details of the transaction were not disclosed. Read More
Carlyle Completes China Pacific Exit, Takes Total Sales Value Past US$5 Billion (Asia)
Global alternative asset manager The Carlyle Group has fully exited its investment in China Pacific Insurance (CPIC) through a share sale on the Hong Kong Stock Exchange. Carlyle sold 2.2 percent of CPIC’s total shares for approximately US$796 million, bringing its total earnings to over US$5 billion after six incremental exits. CPIC received US$740 million in funding from Carlyle over… Read More
Navis Invests in Godaco Seafood, Exits Thai Duck Processing Company (Asia)
Asia-focused private equity firm Navis Capital Partners has indirectly invested in Vietnamese seafood processing company Go Dang Joint Stock Company (Godaco) through a holding company, Panga Hold Co. The investment will allow Godaco to accelerate its expansion plans and increase global exports of its two key products, Pangasius and clams. The funds will also be used to expand processing and… Read More