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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
Verusa Private Equity Acquires 40 Percent of Alden Steel (CEE and CIS)
Turkish fund manager Verusa Private Equity has acquired a 40 percent stake in Alden Steel, an Istanbul-based manufacturer of steel structures, platform grating and industrial equipment. Alden is Verusa’s second industrial investment. Financial terms of the transaction were not disclosed. Read More
Waco International Sold to Ethos-led Consortium (Sub-Saharan Africa)
Waco International, a South Africa-based provider of forming, shoring and scaffolding services, as well as mobile modular buildings and sanitation services, has been sold to a consortium led by Ethos Private Equity. Also participating in the transaction were South African private equity firm RMB Ventures, African bank Standard Bank and Waco’s management. Waco, which also has operations in Chile, Australia… Read More
Standard Chartered Private Equity Invests in Smoothies Korea (Asia)
Standard Chartered Private Equity (SCPE) has partnered with South Korea’s national pension fund National Pension Services (NPS) to invest US$45.5 million for a 48 percent stake in Smoothies Korea, the Korean franchise of U.S.-based beverage chain Smoothie King. Standard Chartered will invest US$26.4 million for a 28 percent stake in the company, with NPS investing US$19.1 million for a 20… Read More
China Auto Rental Secures US$200 Million Investment by Warburg Pincus (Asia)
Global private equity firm Warburg Pincus will invest US$200 million in Beijing-based China Auto Rental, a car rental service with 600 locations covering 66 cities and 52 airports across China. Warburg Pincus will partner with Legend Capital, which invested RMB1 billion (US$157 million) in China Auto Rental in August 2010, to provide branding, funding and corporate governance support to company… Read More