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.
CNEI Leads US$20 Million Investment in Juxin Internal Leasing (Asia)
China New Enterprise Investment (CNEI), a China-focused growth capital fund manager, has invested US$20 million in Chinese specialty leasing company Juxin Internal Leasing’s Series B investment round, acquiring a 12.1 percent stake. Juxin provides financial leasing services to customers in the public higher education sector, including financing for IT systems, engineering systems, laboratory and vocational training equipment. Read More
Northstar Invests in Indonesian Brokerage Trimegah (Asia)
Indonesian private equity firm Northstar Pacific Partners has acquired a 49 percent stake in Indonesian Stock Exchange-listed brokerage Trimegah Securities for IDR200 billion (approximately US$20.8 million). The firm purchased 1.7 billion shares in Trimegah, including shares owned by hedge fund Spinnaker Capital. Northstar made the investment through Northstar Equity Partners III, a US$820 million Indonesia-focused private equity fund that closed… Read More
GoIntegro Secures Growth Equity Funding from Riverwood Capital and Kaszek Ventures Initiatives (Latin America)
Argentina-based GoIntegro, a human resources social engagement platform focused on Latin America, has received funding from global private equity investor Riverwood Capital and Latin America-focused venture capital firm Kaszek Ventures. GoIntegro’s platform provides corporations with a platform combining a corporate social network with human resources-specific applications and the current round of funding will help the company expand into Brazil. Financial… Read More
FIP Terra Viva Concludes BRL260 Million Investment Round in Ethanol Assets (Latin America)
FIP Terra Viva, a private equity fund managed by Brazilian firm DGF Investimentos, has reportedly fully invested its BRL260 million (approximately US$123 million) corpus after investing BRL70 million (approximately US$33.1 million) in the ethanol assets of Usina Alvorada, a Brazilian sugarcane processing mill. Terra Viva was raised in 2008 to invest in Brazil’s sugarcane-based bioethanol sector and manages four sugarcane… Read More
P2 Brasil Creates a Company to Build and Rent Cellphone Towers (Latin America)
P2 Brasil, an infrastructure fund managed by Brazilian private equity firm Pátria Investimentos and engineering company Promon Engenharia, has invested BRL300 million (approximately US$142 million) to create Highline, a company that will manage wireless telecommunications towers in Brazil. Highline will build the towers under orders from carriers, renting the towers through long-term contracts. Following the creation of Highline, P2 Brasil… Read More
Fonds Cauris Croissance II Invests in Azalaï Hotels’ Regional Expansion (Sub-Saharan Africa)
Fonds Cauris Croissance II, a private equity fund managed by West African fund manager Cauris Management, has agreed to invest XAF4 billion (approximately US$8 million) in Azalaï Hotels, a West African hotel chain. Headquartered in Mali, Azalaï operates six hotels in Benin, Burkina Faso, Guinea Bissau and Mali, and the investment will fund the chain’s expansion into Côte d’Ivoire, Senegal… Read More
Horizon Capital Sells Fidem Life to Aegon (CEE and CIS)
Ukraine-based private equity fund manager Horizon Capital has agreed to sell its 100 percent stake in local life insurance company Fidem Life to Netherlands-based insurance, pensions and asset management company Aegon. Horizon first invested in the insurer in 2010 through its Emerging Europe Growth Fund II. Financial details of the transaction were not disclosed. Read More
Actis Concludes Partial Exit from XP Investimentos (Latin America)
Emerging markets private equity investor Actis has partially exited its holding in Brazilian independent brokerage XP Investimentos by selling approximately half of its stake to global private equity firm General Atlantic. Actis had originally invested US$58 million in XP Investimentos in November 2010. Financial details of the transaction were not disclosed, but the amount paid by General Atlantic was reported… Read More
Darby Backs Logistics and Cargo Operator (Latin America)
Darby Overseas Investments, the private equity arm of global investment manager Franklin Templeton, has invested in Ecuadorian logistics company Tabacarcen S.A. Tababela Cargo Center. Tabacarcen is the logistics and cargo operator at Mariscal Sucre airport in the Ecuadorian capital of Quito. Darby made the investment through its Darby Latin American Mezzanine Fund II. Financial details of the transaction were not… Read More
Helion, Footprint Ventures Invest US$6 Million in Mast Kalandar (Asia)
Indian venture capital firms Helion Venture Partners and Footprint Ventures have reportedly invested US$6 million in vegetarian food chain Mast Kalandar, owned by Indian restaurant operator Spring Leaf Retail. Mast Kalandar currently operates 40 outlets and will use the funding to expand to 100 outlets across eight Indian cities. Footprint had participated in two previous financing rounds, while Helion participated… Read More
Sequoia, Fidelity Lead Reocar’s Series B Financing (Asia)
Venture capital firm Sequoia Capital China and Fidelity Growth Partners Asia, the Asia-focused private equity arm of Fidelity Investments, have invested alongside an undisclosed private investor in the Series B financing round of Chinese rental car company Reocar. Financial details of the transaction were not disclosed, but the invested capital was reported to be in excess of RMB100 million (approximately… Read More
Transaction Solutions International Secures AUD22 Million Commitment for Indian ATM Business (Asia)
CX Partners, an Indian private equity firm, has signed a binding letter of intent to invest INR1.2 billion (approximately US$22.9 million) in Transaction Solutions International (TSN), an operator of ATMs that is listed on the Australian Stock Exchange. Under the terms of the transaction, CX Partners will acquire a 75 percent stake in TSN’s wholly-owned Indian subsidiary, TSI India, in… Read More