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Southern Cross Group Invests in Sociedad Portuaria Regional de Barranquilla (Latin America)
Latin America-focused private equity firm Southern Cross Group has acquired more than 50 percent of Sociedad Portuaria Regional de Barranquilla (SPRB), the operator of the Colombian port of Barranquilla. Southern Cross made the investment through its Southern Cross IV private equity fund. While financial details of the transaction were not disclosed, Southern Cross plans to invest US$100 million into the… Read More
Peepul Capital Backs Herbal Cosmetics Player Banjara’s (Asia)
Indian private equity firm Peepul Capital has invested in Indian herbal cosmetics manufacturer Vishal Personal Care, which manufactures over 80 skin and hair care products under the brand Banjara’s. Peepul invested the capital from its US$320 million Peepul Capital III fund, which it raised in 2010. Financial details of the investment were not disclosed. Read More
Fosun Group Invested in Taiwan Vigor Kobo (Asia)
Chinese investment firm Fosun Group has acquired a 20 percent stake in Taiwanese bakery Taiwan Vigor Kobo. Vigor Kobo integrates the tourism and food sectors, producing cakes that visitors from mainland China can take with them as souvenirs after visits to Taiwan. Through the investment, Fosun will support Vigor Kobo’s entry into the mainland Chinese tourism market. Financial details of… Read More
Enterprise Investors to Sell Its Stake in Zelmer Through a Tender Offer to BSH (CEE and CIS)
Polish private equity firm Enterprise Investors has agreed to sell its stake in Zelmer, a Polish manufacturer of small appliances, to German appliance manufacturer BSH Bosch und Siemens Hausgeräte (BSH). BSH will purchase Enterprise Investors’s 49 percent stake as part of an offer to purchase 100 percent of Zelmer. Enterprise Investors first invested in Zelmer in 2005 through its Polish… Read More
FountainVest Raises US$1.35 Billion in Second Buyout Fund (Asia)
Chinese private equity firm FountainVest Partners has closed its second China-focused fund with US$1.35 billion in commitments. FountainVest was reportedly able to raise the fund, FountainVest China Growth Capital Fund II, in eight months. The fund is larger than its US$950 million predecessor. FountainVest plans to invest between US$50 million and US$200 million in China-based companies through both growth capital… Read More
The Pembani Remgro Infrastructure Fund, The Carlyle Group and Standard Chartered Private Equity Invest US$210 Million in Export Trading Group (Sub-Saharan Africa)
The Carlyle Group and African infrastructure investor The Pembani Remgro Infrastructure Fund have invested US$210 million into Tanzania-based Export Trading Group (ETG), along with existing investor Standard Chartered Private Equity, the private equity arm of Standard Chartered Bank. ETG manages a vertically integrated agricultural supply chain operation in Africa, including procurement, processing, warehousing, distribution and merchandising, and also has a… Read More
Bamboo Finance Acquires Accion Investment Fund in a US$105 Million Transaction (Global)
Global microfinance private equity investor Bamboo Finance has acquired the Accion Investment Fund from Accion Investments, a subsidiary of global non-profit microfinance organization Accion International, for US$105 million. Bamboo Finance made the acquisition through its US$195 million Bamboo Financial Inclusion Fund. Going forward, Bamboo Finance will manage Accion’s Latin American investments, while its Sub-Saharan investments will be jointly managed by… Read More
Navent Raises US$30 Million from Riverwood Capital, Tiger Global Management (Latin America)
Global technology-focused private equity firm Riverwood Capital and hedge fund Tiger Global Management have invested US$30 million in Navent, an operator of several Latin America-focused websites. Navent operates Brazilian and Mexican real estate rental websites ImovelWeb and Mercadoi, respectively, and Latin American job website Bumeran. Navent will use proceeds from the investment to fund the expansion of these websites, as… Read More
SSG Makes Final Close on US$400 Million Hard-Cap (Asia)
SSG Capital Management, an Asia-focused special situations investor, has closed its second special situations fund, SSG Capital Partners II, at its hard-cap of US$400 million. The fund, which was originally targeting US$300 million in commitments, held a first close at US$100 million in February and attracted investors primarily from Europe, North America and Asia. The fund will focus on special… Read More
Ultrapetrol Announces Investment by Southern Cross Group (Latin America and the Caribbean)
Ultrapetrol, a Bahamas-based industrial marine transportation company, has agreed to sell approximately 78.38 percent of its outstanding common shares to Latin America-focused private equity firm Southern Cross Group for US$220 million. Southern Cross will invest in Ultrapetrol through Sparrow Capital Investments, a subsidiary of Southern Cross Latin America Private Equity Funds III and IV. The investment will allow Ultrapetrol, which… Read More
DEG Invests into Ethiopia-focused Fund (Sub-Saharan Africa)
German development finance institution DEG has committed US$10 million to an Ethiopia-focused private equity fund managed by pan-emerging markets private equity investor Schulze Global. The Schulze Global Ethiopia Growth and Transformation Fund I is targeting US$100 million in commitments and seeks to invest in small- and medium-sized enterprises in a range of sectors including agro-processing, industrials and manufacturing. Read More
VTB Capital and Bromak Announce the Acquisition of a Controlling Stake in Vivacom (CEE and CIS)
VTB Capital, the investment arm of Russia’s VTB Group, and co-investor Bromak, a Bulgarian investment brokerage firm, have acquired a controlling stake in Bulgarian integrated telecommunications company Vivacom through a EUR130 million (approximately US$165 million) investment. Vivacom used the equity injection to partially repay the company’s debt as part of a general balance sheet restructuring. Vivacom’s total leverage has been… Read More