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Earth Water Group Announces Its Maiden Fund Raising of US$15 Million from Asia’s CLSA Capital Partners (Asia)
CLSA Capital Partners, the alternative asset management arm of CLSA Asia-Pacific Markets, has invested US$15 million in India’s Earth Water Group, a water and wastewater management company. Earth Water Group intends to use the funding to invest in technology, strengthen existing initiatives and acquire new businesses. Read More
IFC, IFC ALAC Fund to Invest US$27 Million in PetroNova (Latin America)
International Finance Corporation (IFC) and the IFC African, Latin American, and Caribbean Fund (IFC ALAC Fund), a private equity fund managed by IFC Asset Management Company, has agreed to invest US$27 million in Colombian oil and gas exploration company PetroNova. Under the terms of the transaction, IFC will contribute US$15 million and the IFC ALAC Fund will contribute US$12 million.… Read More
OPIC and Abraaj Capital Sign Commitment to Regional Small and Medium Enterprise Fund (MENA)
The Overseas Private Investment Corporation (OPIC) has committed US$150 million to the Riyada Enterprise Development Growth Capital Fund (RED), managed by Aureos Capital, the global small- and mid-cap investing platform of the Abraaj Group. RED has a total capitalization of US$400 million and focuses on the development of SMEs throughout the Middle East and North Africa. Read More
Carlyle, Multiples Invest US$41 Million in South Indian Bank QIP (Asia)
The Carlyle Group and Indian private equity firm Multiples Alternate Asset Management have acquired shares in the qualified institutional placement of publicly-listed South Indian Bank. The placement, which raised INR4.43 billion (approximately US$82.3 million), saw the participation of eight investors, including Carlyle and Multiples. Carlyle invested through its subsidiary, First Carlyle Ventures Mauritius, and acquired a 1.56 percent stake for… Read More
Yamsafer Secures US$1 Million in Venture Capital (MENA)
Palestine-focused venture capital firm Sadara Ventures has led a consortium of investors in a US$1 million Series A investment in Palestinian online travel service Yamsafer. Yamsafer was launched in 2011 and provides hotel booking services as well as activity packages to travelers in the Middle East. Sadara Ventures manages a US$30 million early-stage venture capital fund focused on the technology… Read More
Kaizen Commits US$4.5 Million to Indian School Management Firm (Asia)
Kaizen Private Equity, an Indian private equity firm focused on the education sector, has invested INR250 million (approximately US$4.5 million) in Altus Learning, an Indian company that specializes in school management. Altus, which currently manages seven greenfield schools and nine preschools, plans to use the funding to expand into northern India. Read More
RRJ Capital Invests US$50 Million in Chinese Biotech Firm (Asia)
Singapore-based private equity firm RRJ Capital has reportedly invested US$50 million in Triplex International Biosciences, a Chinese manufacturer of pharmaceutical products. Triplex manufactures products that can detect Hepatitis B and C, as well as certain cancers from blood and tissue samples. RRJ Capital is reportedly raising its second Asia-focused private equity fund, targeting US$5 billion in commitments. Read More
Innova Capital Will Invest in Polish Obstetrics and Neonatology (CEE and CIS)
Central European private equity fund Innova Capital has invested in Ujastek Gynaecological and Obstetrics Hospital, a Polish provider of gynecological and obstetric care. The investment, which could exceed PLN150 million (approximately US$44.9 million) over the next two years, is intended to build a chain of hospitals and clinics providing advanced medical care in the area of gynecology and obstetrics, pathology… Read More
Nexus Venture Partners Closes Fund III (Asia)
Indian venture capital firm Nexus Venture Partners has announced the closing of its third fund with US$270 million in commitments. The firm reported that Nexus III closed six months ago and includes endowments, foundations and financial institutions among its investors. The fund will follow the investment pattern of its predecessors, which have made over 40 investments in early stage companies… Read More
GIC and Northstar Buy into Indonesian Oil (Asia)
Indonesian investment firm Northstar Pacific Partners has invested US$200 million alongside Singapore’s sovereign wealth fund Government of Singapore Investment Corporation (GIC) for a minority stake in Indonesian palm oil producer Triputra Agro Persada. The investment consists of equity and convertible bonds, and the terms of the agreement allow Northstar and GIC to invest an additional US$50 million at a later… Read More
Darby Gets into Dall Deal (Latin America)
Darby Overseas Investments, the private equity arm of Franklin Templeton Investments, has invested BRL35 million (approximately US$17.1 million) in Dall, a Brazilian supplier of foods and logistics services for hotel and offshore platforms. The investment was made through Darby’s BRL387.5 million (approximately US$235 million) Brazil Mezzanine Infrastructure Fund, which has made five investments since 2008. Dall plans to use the… Read More
Tiantu Capital Invests in Sunshine Kitchen (Asia)
Chinese private equity firm Tiantu Capital has invested RMB60 million (approximately US$9.4 million) in Chinese restaurant operator Sunshine Kitchen, which specializes in Cantonese cuisine. The investment, which was part of Sunshine Kitchen’s Series A round of funding, was made through the Tianjin Tiantu Xinghua Equity Investment Enterprise fund. Read More