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Aureos Invests in Leading Peruvian Restaurant Group (Latin America)

Small- and mid-cap-focused private equity fund manager Aureos Capital has acquired a significant stake in Peruvian restaurant group Acurio Restaurantes through the Aureos Latin America Fund (ALAF). Acurio Restaurantes operates 32 casual and fine-dining restaurants, including 19 in major cities outside Peru, and plans to continue its expansion into North American and European markets. Acurio Restaurantes is ALAF’s twelfth investment… Read More

Navis Capital Partners Exits Indian Portfolio Company (Asia)

South and Southeast Asia-focused private equity firm Navis Capital Partners has sold its majority stake in Indian financial products distributor Andromeda Sales and Distribution (Andromeda DSD) to Casa Capital Management, a financial services holding company. Navis acquired Andromeda DSD through Navis Asia Fund V in December 2007. Financial terms of the transaction were not disclosed. The sale is Navis’s fourth… Read More

Leopard Capital Holds First Close for Haiti Fund (Latin America)

Leopard Capital, an investment manager specializing in frontier markets, has held a first close of US$20 million for the Leopard Haiti Fund (LHF). The fund has secured commitments of US$8.5 million from International Finance Corporation, US$8.5 million from the Netherlands Development Finance Company (FMO) and US$3 million from the Multilateral Investment Fund, a member of the Inter-American Development Bank Group.… Read More

Global Investment House Completes the Exit of Al Rayan Holding Company (MENA)

Kuwait-based investment firm Global Investment House (Global) has exited its 82 percent stake in Al Rayan Holding Company, established through its Private Equity Fund and Global Opportunistic Fund I, through a strategic sale to an undisclosed buyer. The funds launched Al Rayan in 2007 as a holding company for private schools in Kuwait, and the company currently operates six schools… Read More

Latin Idea Raises MXN615 Million (US$45.9 Million) CKD (Latin America)

Mexico-based private equity fund manager Latin Idea Ventures has raised MXN615 million (US$45.9 million) for its latest venture capital fund, Latin Idea Mexico Venture Capital Fund III, through a certificado de capital de desarollo (CKD). A parallel vehicle is being raised from international institutional investors. Latin Idea Ventures primarily invests in the technology, media, telecommunications and services sectors. Read More

IHH Raises US$2 Billion from IPO, Abraaj Capital Exits (Asia)

Malaysia-based hospital operator IHH Healthcare has raised over MYR6.3 billion (approximately US$2 billion) from its IPO after pricing the offering at MYR2.80 per share. IHH sold 2.23 billion shares, of which 1.8 billion were new and approximately 430 million were secondary shares held by Dubai-headquartered private equity fund manager Abraaj Capital. Abraaj, which acquired the shares as partial payment by… Read More

Gerbera Capital and FdeF Mexico Ventures I Invest in Kiwilimón (Latin America)

Mexico-based venture capital firm Gerbera Capital and Fondo de Fondos (FdeF) Mexico Ventures I, a venture capital fund of funds managed by the Corporación Mexicana de Inversiones de Capital, have invested in online recipes and grocery shopping portal Kiwilimón. Financial terms of the transaction were not disclosed. Kiwilimón is FdeF Mexico Ventures I’s first co-investment. Read More

TPG Acquires HCP Holdings in Leveraged Buyout (Asia)

Global private investment firm TPG has acquired China-based HCP Holdings for approximately US$600 million after securing a US$300 million five-year loan from a consortium of lenders, including Citigroup, DBS, Chinatrust Commercial Bank, Fubon Bank and Cathay Bank. HCP Holdings produces specialty packaging for the cosmetics, toiletries, skincare and fragrance industries and counts L’Oreal and Shiseido among its clients. Separately, Chinese… Read More

Bain Raises US$2.3 Billion for Second Asia Fund (Asia)

Bain Capital has announced the final close of its second Asia fund at US$2.3 billion, exceeding its hard cap of US$2 billion and more than doubling the US$1 billion Bain raised for its first Asia-focused fund in February 2007. Bain Capital Asia Fund II reportedly received commitments of US$100 million from the Pennsylvania Public School Employees’ Retirement System (PSERS) and… Read More

Carlyle Buys 10 Percent of Infotech Enterprises for US$38 Million (Asia)

The Carlyle Group has acquired 10 percent of Indian engineering and IT services firm Infotech Enterprises for INR2.1 billion (approximately US$38 million) through its South Asia-focused affiliate, First Carlyle Ventures Mauritius. Carlyle paid INR190 (approximately US$3.40) per share in the PIPE deal, the firm’s second of the year in India following a May investment in Kerala-based South Indian Bank. Carlyle… Read More

Crescent Capital Closes First Investment in Bulgarian Power Plant (CEE and CIS)

Turkish private equity firm Crescent Capital has completed its first investment, a 60.4-megawatt photovoltaic power plant in Bulgaria. Crescent made the investment through its Clean Energy Transition Fund, a Turkey and Southeast Europe-focused energy infrastructure fund. Saudi infrastructure developer and operator ACWA Power and U.S. energy infrastructure investor First Reserve also took part in the deal. Financial terms of the… Read More

Adlevo Capital and Intel Capital Make Growth Capital Investment in Rancard (Sub-Saharan Africa)

Adlevo Capital Managers, a private equity fund manager focused on technology investments in Sub-Saharan Africa, and Intel Capital, Intel’s global investment and M&A arm, have invested in Rancard Solutions, a Ghana-based provider of cloud-based mobile software and services. Rancard’s services map connections among mobile users, allowing operators to deliver personalized recommendations and targeted content to their subscribers. The investment marks… Read More