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H.I.G Capital Acquires Cel Lep, an Educational Company in Brazil (Latin America)
U.S.-based private investment firm H.I.G. Capital has acquired Cel Lep Idiomas (Cel Lep), a Brazilian English language teaching company. Cel Lep owns 17 schools and operates an additional four in the Brazilian states of São Paulo and Minas Gerais. Financial terms of the acquisition were not disclosed. Read More
Yemeksepeti.com Partners with Global Growth Investor General Atlantic (CEE and CIS)
Global growth equity investor General Atlantic has invested US$44 million in Turkish online food ordering service provider Yemeksepeti.com for a minority stake. Endeavor Catalyst, a philanthropic investment vehicle supporting entrepreneurs in global markets, also participated in the investment. Yemeksepeti.com allows its 1.5 million registered users in both Turkey and the United Arab Emirates to order from over 6,500 restaurants in… Read More
Brazil’s Gávea Buys Stake in Accessories Retailer Chilli Beans (Latin America)
Gávea Investimentos, a Brazilian asset management company, has purchased a 29.8 percent stake in Chilli Beans, a local retailer of accessories such as sunglasses. Gávea will be accorded a seat on the company’s board of directors, while Chilli Beans founder Caito Maia will remain head of the company. Financial terms of the transaction were not disclosed. Read More
CVCI Achieves 2x Return on Chinfon Vietnam Exit (Asia)
Global emerging markets private equity firm Citi Venture Capital International (CVCI Private Equity) has exited its stake in Chinfon Vietnam, a Vietnamese cement manufacturer. CVCI sold its stake, which it originally acquired in 2008, through a strategic sale to an undisclosed investor, reportedly generating a return multiple of 2x. Financial terms of the transaction were not disclosed. Read More
OPIC Board Approves US$360 Million for Investment Funds Targeting Consumer Populations in Africa, Indonesia and Russia (Global)
The Overseas Private Investment Corporation (OPIC) has approved US$360 million in financing for three private equity funds targeting investments in Africa, Indonesia and Russia. OPIC has earmarked up to US$150 million each for African Development Partners II, an African private equity fund managed by Development Partners International, and Elbrus Capital Fund II, a Russia-focused private equity fund managed by Elbrus… Read More
The Carlyle Group to Acquire Controlling Stake in Tok&Stok (Latin America)
The Carlyle Group has acquired 60 percent of Brazilian furniture retailer Tok&Stok from the company’s founders, Ghislaine and Régis Dubrule, who will retain the remaining 40 percent. Funding for the transaction will come from the US$1 billion pool of capital managed by Carlyle’s South America Buyout Fund and Fundo Brasil de Internacionalização de Empresas FIP, a fund advised by Carlyle… Read More
PAG Announces Final Close of US$2.4 Billion on Asia Fund (Asia)
Asia-focused alternative investments manager PAG has reach a final close at US$2.4 billion for its debut private equity fund, PAG Asia I. The fund will focus on buyout investments throughout Asia with a focus on China. Over 90 percent of the limited partners in the fund are reportedly large institutional investors, including pension funds, sovereign wealth funds and financial institutions. Read More
Ivi.ru Secures US$40 Million Investment (CEE and CIS)
Russian online video service Ivi.ru has secured a US$40 million investment from Russia-based private equity firm Baring Vostok Capital Partners and a consortium of existing shareholders including Russian venture capital funds ru-Net and Frontier Ventures, U.S.-based investment firm Tiger Global Management and Russian media and entertainment group ProfMedia. Ivi.ru will use the capital to increase its catalog of films and… Read More
Actis Makes First Investment from New Fund (Latin America)
Emerging markets investor Actis has invested US$68 million in CNA, an English language training provider in Brazil. The investment will be partially funded through Actis’s new global fund, Actis 4. CNA operates more than 500 schools in Brazil and sells over 400,000 textbook kits per year. Actis currently has investments valued at US$360 million in the education sector worldwide. Read More
InfraMed and EPGE to Develop a Jordanian Wind Project Jointly (MENA)
InfraMed, an infrastructure investment vehicle focused on the Mediterranean region, and Cyprus-based renewable energy developer EP Global Energy (EPGE) have invested in the development of a 114 MW wind project in Jordan through a joint venture special purpose vehicle. InfraMed will control 49 percent of the venture with the remainder being controlled by EPGE subsidiary EPGE (Jordan) Holdings. Financial terms… Read More
Silk Road Launches Myanmar-focused Venture Capital and Private Equity Fund (Asia)
Frontier markets-focused investment management firm Silk Road has announced the first close of its Myanmar-focused fund, Myanmar Human Capital Fund, with US$25 million in commitments. Investors in the fund include family offices and high net worth individuals from Mongolia, Russia and the Caspian region. The fund will invest in internet, information technologies, media, telecommunications services, education, healthcare, financial and professional… Read More
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