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The Longreach Group Announces Final Close of Longreach Capital Partners 2 (Asia)
Japanese investment firm The Longreach Group has announced the final close of its second Japan and North Asia-focused fund, Longreach Capital Partners 2, with US$400 million in commitments. The fund will focus on control buyout investments in the industrial and technology, financial services, business services and consumer-related sectors. Read More
IFC, IFC Asset Management Company Funds Invest in Latin American Expansion of Chile’s CorpBanca (Latin America)
International Finance Corporation (IFC) and two private equity funds managed by IFC Asset Management Company (IFC AMC) will acquire 5 percent of the common stock of Chilean commercial and retail bank CorpBanca. The two IFC AMC funds are the US$1 billion IFC African, Latin American and Caribbean Fund and the US$3 billion IFC Capitalization Fund. CorpBanca is publicly listed on… Read More
Accion Invests US$3 Million in Mobile Services Provider Tiaxa (Latin America)
Global non-profit microfinance organization Accion International has invested US$3 million in Zonamovil, a Chilean provider of managed services for the wireless telecom market. Zonamovil, which operates under the name of Tiaxa, provides billing and rating services for prepaid mobile users along with financial and business intelligence services. Tiaxa plans to use the capital infusion to fund research and development, as… Read More
Global Infrastructure Partners Announced the US$8.25 Billion Final Close of Its Second Fund, GIP II (Global)
U.S.-headquartered infrastructure investor Global Infrastructure Partners (GIP) has announced the final close of its second fund, GIP II, with US$8.25 billion in commitments. GIP invests in infrastructure assets that provide services in the energy, transport, water and waste sectors, and focuses on both developed and emerging markets. Read More
Fulcrum Venture India Exits Real Estate Firm Casa Grande (Asia)
Indian private equity investor Fulcrum Venture India has exited its holding in Indian real estate firm Casa Grande, a developer of luxury villas and apartments, by selling its stake to the management of Casa Grande for INR500 million (approximately US$9.6 million). Fulcrum originally invested INR48 million (approximately US$1 million) in the company in 2004. The sale reportedly generated a return… Read More
PineBridge Completes Second Close of Mexican CKD (Latin America)
Global multi-asset class investment manager PineBridge Investments has reached the second close of its Mexico-focused fund of funds at MXN2.68 billion (approximately US$209 million). The fund of funds is structured as a certificado de capital de desarrollo (CKD), a vehicle listed on the Bolsa Mexicana de Valores that allows Mexican pension funds to invest in private investment funds. Read More
Capitalworks Invests in the Consumer Food Market (Sub-Saharan Africa)
South African alternative asset management firm Capitalworks Equity Partners is acquiring a majority stake in Rhodes Food Group, a South African diversified foods producer. Rhodes Food Group produces prepared meals, dairy products, pies and canned foods, and operates its own agricultural and processing facilities. Financial details of the transaction were not disclosed. Read More
CHAMP Private Equity Purchases Stake in Miclyn Express Offshore from Macquarie Capital Group (Asia)
Australian buyout firm CHAMP Private Equity has agreed to purchase a 33.2 percent stake in Miclyn Express Offshore (MIO), a Singapore-based provider of service vessels to the oil and gas industry, from global investment firm Macquarie Capital Group. The transaction, which is expected to take place in October 2012 through a sale on the Australian Stock Exchange, will involve the… Read More
XSML Unlocks the Congo River (Sub-Saharan Africa)
Sub-Saharan Africa-focused private equity fund manager XSML has invested in SOGETRA, a river and road transportation company in the Democratic Republic of the Congo, through its Central Africa SME Fund, which is targeting US$25 million in commitments. SOGETRA plans to use the investment to construct new barges and tugboats for transport on the Congo River. Financial terms of the transaction… Read More
Marlow Acquires Various Assets of Waste Giant (Sub-Saharan Africa)
South African asset management and advisory firm Marlow Capital has acquired an indirect holding in Waste Giant, a South African supplier of commercial and industrial waste solutions, through its portfolio company Wasteman Holdings, a South African waste management company. The investment will allow Wasteman to develop waste treatment assets, benefit from an expanded Mining Services Division and expand its fleet… Read More
Baring Vostok Gets US$1.5 Billion for Russian Fund (CEE and CIS)
Russian private equity firm Baring Vostok Capital Partners has closed its fifth Russia-focused fund, Baring Vostok Private Equity Fund V, at US$1.5 billion. The fund is divided into two components: a US$1.15 billion main fund which operates as a traditional private equity fund and a US$350 million co-investment fund. Baring Vostok surpassed the US$1.3 billion raised for its previous fund… Read More
Pearl Capital Partners Invests US$1.25 Million in Highland Seed Growers (Sub-Saharan Africa)
Uganda-based agriculture investment management firm Pearl Capital Partners has made its second investment in Tanzanian seed company Highland Seed Growers. The US$1.25 million investment was made using a quasi-equity debt instrument using capital from the US$12 million African Seed Investment Fund (ASIF). Pearl Capital Partners manages ASIF on behalf of the Alliance for a Green Revolution in Africa, an initiative… Read More