GPCA covers the latest fund, investment and industry news across our markets in two newsletters: NewsWatch is a weekly round-up of key transactions across asset classes; the Global Tech Brief is a bi-weekly review of tech transactions and innovations with cross-border applications. Subscribe in the left-hand sidebar.
Access past editions of NewsWatch here.
ChrysCapital Closes Fund VI at US$510 Million (Asia)
ChrysCapital, an India-focused investment manager based in Mauritius, has announced the final close of its sixth fund on US$510 million. ChrysCapital VI, which received commitments from around 30 LPs including Harvard Management Company and Stanford Management Company, will target growth capital investments in India with ticket sizes from US$20 million to US$100 million and equity stakes ranging from 5 percent… Read More
The African Agriculture Fund Concludes an Investment of US$24 Million in Zambia (Sub-Saharan Africa)
The African Agriculture Fund (AAF), managed by Phatisa, has concluded an agreement to make a total investment of US$ 24 million in Golden Lay Limited, a company involved in the production, distribution and sale of chicken table eggs – located in the Copperbelt Province of Zambia. The deal team structured and negotiated a leveraged management buyout transaction that will result… Read More
SunSun Lighting Raises US$30 Million from GSR Ventures and Oak Investment Partners (Asia)
SunSun Lighting, a China-based LED lighting manufacturer, has raised US$30 million in a Series B round led by Oak Investment Partners, a U.S.-based multi-stage venture capital firm, and GSR Ventures of China, which was the sole investor in SunSun’s US$10 million Series A round. SunSun Lighting plans to use the new capital to expand its manufacturing capacity and promote the… Read More
EBRD and ADM Capital Support Bulgaria’s Prista Oil Group (CEE/CIS)
The European Bank for Reconstruction and Development (EBRD) and ADM Capital, a Hong Kong-based private equity fund investing in recovery and special situations in emerging markets, have provided a EUR60 million (US$78 million) financing package for Prista Oil Group BV, a Bulgaria-based producer of car lubricants and batteries. The financing package comprises EUR48 million (US$62.5 million) of equity and convertible… Read More
Pure Biofuels del Peru Announces Management Buyout by Pegasus Capital Advisors (Latin America)
Pegasus Capital Advisors, a U.S.-based private equity fund manager, has partnered with management to complete a buyout and recapitalization of Pure Biofuels del Peru. The firm will use the growth capital provided by management and Pegasus, along with a simultaneously agreed working capital facility, to expand its biofuel storage and dispatch terminal at the Port of Callao and increase sales… Read More
Brazil’s BTG Pactual Creates US$1 Billion Private Equity Fund Focused on Africa (Sub-Saharan Africa)
Brazilian investment bank BTG Pactual has announced its intention to launch an Africa-focused private equity fund to attract Brazilians to invest in Africa. The initial value of the fund will be US$1 billion, and it will also be open to non-Brazilian investors. Read More
Aureos Southern Africa Fund Completes Successful Exit From Leading Brick Manufacturer (Sub-Saharan Africa)
The Aureos Southern African Fund (ASAF) has sold its stake in South African brick and clinker aggregate manufacturing group SA Block (Pty) Ltd. ASAF is managed by Aureos Southern Africa Managers Ltd, a subsidiary of Aureos Capital, a private equity fund manager focused on small and mid-cap companies in emerging markets. ASAF’s exit forms part of the 100 percent sale… Read More
Ethos Private Equity Invests Additional ZAR100 Million in Transaction Capital (Sub-Saharan Africa)
Ethos Private Equity, a fund manager based in South Africa, has invested ZAR100 million (approximately US$13 million) in Transaction Capital, a financial services company focusing on under-served communities in South Africa. This injection of capital is a follow-on to Ethos’ 2005 investment in ATM Solutions, a core business of Transaction Capital. Read More
Marg Karaikal Port Attracts Equity Investment of US$39 Million (Asia)
Karaikal Port Private Limited, a subsidiary of Chennai-headquartered infrastructure company MARG Limited, has announced that Jacob Ballas Capital India has invested INR2 billion (approximately US$39 million) for a minority stake in the company. The investment, which came from the NYLIM Jacob Ballas India III fund, will be used for the MARG Karaikal Port’s expansion plans. Read More
Navis in 10x Sale to Partners Group (Asia)
Zug, Switzerland-based asset manager Partners Group has directly acquired Hong Kong-based business TrimCo, a provider of labels, tags and trimming products to apparel companies worldwide. Partners bought the stake from Southeast Asia-focused private equity firm Navis Capital. Navis bought a 70 percent stake in TrimCo in 2005 for US$11.1 million, and revealed the transaction with Partners was worth US$111.4 million. Read More
Russian Classifieds Website Inks US$75 Million to Fuel Growth (CEE/CIS)
AVITO.ru, a Russian online classifieds website, has announced that it received US$75 million in new funding from Baring Vostok Capital Partners’ Private Equity Fund IV, Accel Partners, and existing investors Kinnevik and Northzone. The new capital will be used to fuel the company’s growth throughout Russia and to attract talent to the firm. Further transaction details were not disclosed. Read More
GSR Ventures, HGI Capital Invest in Online Cake Shop (Asia)
Shanghai-based Tiantian Company, which operates the B2C e-commerce cake company Le Cake, has secured US$10 million in Series A financing from Chinese early-stage and venture capital investors GSR Ventures and HGI Capital. The proceeds will be used to build the company’s brand and optimize its website and hardware system. Read More