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.
Brazil’s Vox Capital Impact Investing Fund I Gets US$4 Million Equity Investment from MIF (Latin America)
The Multilateral Investment Fund (MIF), a member of the Inter-American Development Bank Group, will invest US$4 million in Vox Capital Impact Investing Fund I, a Brazil-focused venture capital fund managed by Vox Capital. The fund seeks to make investments in up to 10 small and medium-sized enterprises and up to 12 startup companies that offer goods and services to poor… Read More
CRCI Sells Grant Achieve Global Stake to Olympus Capital (Asia)
Asia-focused private equity firm Olympus Capital Holdings Asia and Hong Kong-based enterprise Anoi have purchased a 40 percent stake in Chinese water treatment company Grant Achieve Global (GAG) from Chinese private equity firm China Renaissance Capital Investment (CRCI) and GAG’s management. Olympus has also acquired a warrant to purchase up to US$40 million in ordinary shares of GAG as part… Read More
Carlyle in Southeast Asia Deal with Indonesia Tower Stake (Asia)
The Carlyle Group has invested approximately US$100 million in Indonesian cellular tower operator Solusi Tunas Pratama (STP) for a 25 percent stake. STP operates 1,322 towers in Indonesia, mostly in and around Jakarta. Carlyle is reportedly raising a US$3.5 billion Asia-focused fund, its fourth for the region. Read More
L Capital Asia to Invest Another US$14 Million in Genesis Luxury (Asia)
L Capital Asia, the Asia-focused private equity fund sponsored by French company LVMH Group, has invested INR750 million (approximately US$14 million) in Genesis Luxury Fashion, the marketing and distribution arm of Indian fashion group Genesis Colors. This is the US$635 million L Capital Asia Fund’s second investment in the company, following an INR600 million (approximately US$11.4 million) investment for a… Read More
Abris Buys Romanian Cargus from Deutsche Post DHL (CEE and CIS)
Poland-based private equity firm Abris Capital Partners has purchased Romanian courier company Cargus from German courier company Deutsche Post DHL. Abris is raising its second private equity fund, targeted at EUR450 million (approximately US$587 million), to invest in Poland, Ukraine and Romania. Financial details of the transaction were not disclosed. Read More
Russia Partners Buys 7 Percent in Orient Express Bank (CEE and CIS)
Russia Partners, a Russia-focused subsidiary of private equity firm Siguler Guff & Company, has acquired a seven percent stake in Russia-based Orient Express Bank through a share offering. Existing investors also participated in the issue, including Russia-focused private equity firm Baring Vostok Capital Partners, International Finance Corporation and Orient Express Bank CEO Sergei Vlasov, with equity stakes of 30 percent,… Read More
Orchid Asia Sells LifeTech Stake to Medtronic (Asia)
Hong Kong-based private equity firm Orchid Asia Group Management has agreed to sell 95 million shares, equivalent to a 19 percent stake, in Hong Kong-listed Chinese medical device manufacturer LifeTech Scientific Corporation to U.S.-based medical technology company Medtronic. The deal is valued at HKD361 million (approximately US$46.6 million). Medtronic also purchased a convertible note, representing a 7.4 percent equity stake,… Read More
JCDecaux to Acquire 25 Percent of Russ Outdoor (CEE and CIS)
VTB Capital, the investment arm of Russian financial services firm VTB Group, has announced an agreement to sell a 25 percent stake in Russ Outdoor, a local outdoor advertising company, to French global outdoor advertising company JCDecaux. Under the terms of the transaction, which is pending anti-monopoly approval, JCDecaux will merge the Russian assets of its subsidiary BigBoard with Russ… Read More
Union Global Partners Completes Its Capitalization of Union Bank of Nigeria with US$500 Million of Equity (Sub-Saharan Africa)
Union Global Partners, a consortium of Nigerian and international investors, has invested US$500 million in Union Bank of Nigeria for 65 percent of the bank’s outstanding common shares. Union Global Partners was formed to recapitalize the bank and is comprised of six core investors: private equity firms African Capital Alliance, Corsair Capital and Standard Chartered Private Equity, Dutch development finance… Read More
Legend Capital Invests in Outbound Travel Agency (Asia)
Legend Capital, one of the private equity arms of Chinese investment firm Legend Holdings, has invested RMB500 million (approximately US$79.4 million) in Air China Travel Service, a provider of outbound travel products in China, which the company offers from 20 locations in the country. Legend Capital currently manages five USD-denominated and two RMB-denominated private equity funds with over RMB13 billion… Read More
Affinity Secures First Indonesia Deal (Asia)
Asia-focused private equity firm Affinity Equity Partners has invested approximately US$100 million in Indonesian auto services group Mitra Pinasthika Majesty (MPM) for an unspecified minority stake. MPM is the franchisee for Honda motorcycles in east Java and reportedly operates 280 showrooms, 600 workshops and more than 1,200 spare parts outlets throughout the country. Affinity’s investment will be used to help… Read More
International Finance Corporation Invests in Russian, Turkish Private Equity Funds (CEE and CIS)
International Finance Corporation has announced a US$20 million investment in Russian private equity fund Elbrus Capital Fund II and a EUR15 million (approximately US$19.4 million) investment in Turkish private equity fund Mediterra Capital Partners I. Elbrus Capital Fund II, managed by Russian private equity firm Elbrus Capital, is targeting US$500 million in commitments and seeks to invest in mid-cap growth… Read More