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Warburg Pincus Acquires Equity Stake in Future Capital Holdings (Asia)
Future Group, an India-based consumer conglomerate, has agreed to sell its stake in Indian financial services provider Future Capital Holdings (FCH) to Warburg Pincus. The U.S.-based global private equity firm will acquire Future Group’s stake at a price of INR162 (US$2.90) per share and will also invest INR1 billion (approximately US$18 million) directly in FCH through a preferential share allotment.… Read More
PDG Realty Approves BRL800 Million Investment Offer from Vinci Partners (Latin America)
The board of Brazilian homebuilder PDG Realty has approved a plan proposed by local private equity firm Vinci Partners to raise BRL800 million (approximately US$390 million) through an issue of new warrants. Investment funds controlled by Vinci Partners could acquire up to 81.4 percent of the new shares issued as part of the plan, which is subject to shareholder approval.… Read More
FMO, SBIH Launch New Investment Fund Focusing on Financial Sector in Emerging Asia (Asia)
The Netherlands Development Finance Company (FMO) and SBI Holdings (SBIH), a Japanese financial services group, have agreed to form a new fund targeting financial sector investments in the emerging markets of Asia. The fund, to be managed by SBI Ven Capital, SBIH’s Singapore-based venture capital division, is targeting up to US$80 million, with a first close target of US$60 million.… Read More
Brazil Potash Corp. Completes US$58 Million Capital Raising (Latin America)
Brazil Potash Corp. (BPC), a Belo Horizonte-based mining company, has completed a US$58.7 million financing round led by U.K.-based global private equity firm CD Capital, which committed US$24.6 million through its CD Capital Natural Resources Fund II. BPC plans to use the new capital to continue exploration for potash at its project site in the state of Amazonas, Brazil. Read More
Fidelity Ventures Leads Investment in Pod Inns (Asia)
Fidelity Growth Partners Asia, the venture capital and private equity arm of Fidelity focused on investing in Greater China, has led an investment of roughly US$50 million in Pod Inns, a Hangzhou-based budget hotel chain. China-based venture capital investors Legend Capital and Jianxin Capital, U.S.-based Morgan Creek Capital Management and KTB of South Korea also participated in the financing round,… Read More
CVCI Boosts Wuttisak with US$100 Million (Asia)
Global emerging markets private equity investor CVCI Private Equity has acquired 30 percent of Wuttisak Clinic Inter Group, a Thailand-based provider of health and beauty services, in partnership with local private equity manager Thai Strategic Capital. Wuttisak has over 100 clinics in Thailand and plans to expand its operations to neighboring Laos, Cambodia and Vietnam. The transaction is valued at… Read More
First Carlyle Ventures Invests INR600 Million in South Indian Bank (Asia)
First Carlyle Ventures, an Asia-focused growth capital affiliate of The Carlyle Group, has bought 22.6 million shares of South Indian Bank, representing a 2 percent stake in the company, on the Bombay Stock Exchange at a price of INR26.5 per share, resulting in a total investment of INR559.4 million (approximately US$10.7 million). South Indian Bank is a Kerala-based provider of… Read More
Aiyaya Obtains RMB100 Million Investment from Fortune Venture Capital (Asia)
Fortune Venture Capital, a China-based venture capital firm, has invested RMB100 million (US$15.8 million) in Aiyaya, a local women’s accessories manufacturer and retailer. Aiyaya plans to use the financing to expand e-commerce and logistics operations, with the goal of a public listing in 2013. Read More
CDC Launches Ethiopia Private Equity Fund (Sub-Saharan Africa)
CDC, the U.K.’s development finance institution, has announced a cornerstone investment of US$15 million in the Schulze Global Ethiopia Growth and Transformation Fund I. The fund has a target of US$100 million and will seek to invest between US$1 million and US$10 million per transaction in small- and mid-size Ethiopian companies operating in a range of sectors. The fund will… Read More
Peninsula Investments Group’s Second Fund Closes at US$76 Million (Latin America)
Peninsula Investments Group, a U.S.-based asset management firm focused on Latin American real estate, has closed its second fund with US$76 million in total commitments. Peninsula Investments Group II, which is already 50 percent committed, invests in middle-income residential development projects in Brazil, Colombia, Mexico, Panama, Peru and Uruguay. The fund received commitments from a diverse group of institutional investors,… Read More
Keystone EP, HBS Partner to Produce White Paper on Operational Value Creation in MENA Private Equity (MENA)
For a third consecutive year, Keystone (the General Manager of GrowthGate) has published a white paper that is the collective work of: (i) Harvard Business School (HBS) faculty members (MBA – Class 2012), (ii) Prof. Josh Lerner of HBS and one of the leading authorities on Private Equity (PE) in the US; and (iii) members of Keystone’s combined investment advisory… Read More
Emerging Capital Partners Announces Investment into Nairobi Java House (Sub-Saharan Africa)
Emerging Capital Partners (ECP), a U.S.-based pan-African private equity manager, has invested in Nairobi Java House, a Kenyan café and restaurant operator. ECP, which also announced the opening of a new office in Nairobi, made the investment through its latest fund, ECP Africa Fund III. Financial terms of the transaction were not disclosed. Read More