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.
CDH Investments Buys HKD250 Million in Bonds from Tse Sui Luen Jewellery (Asia)
China-based alternative asset fund manager CDH Investments has invested HKD250 million (approximately US$32 million) in Hong Kong-listed jewelry manufacturer and designer Tse Sui Luen Jewellery (International) via the purchase of convertible bonds. CDH has an option to purchase additional convertible bonds worth up to HKD200 million (approximately US$26 million). The net proceeds from the sale will be used for general… Read More
Baring Vostok Capital Partners Invests in United Medical Group (CEE/CIS)
Baring Vostok Capital Partners (BVCP), a private equity firm operating in Russia and the CIS, has acquired a 27 percent stake in the United Medical Group holding company, which is the parent company of the Moscow-based medical services provider European Medical Center Group of Companies (GEMC). The deal is valued at US$100 million. The company plans to use the funding… Read More
Sequoia Part-Exits Bona Film Stake to Company Founder (Asia)
Global venture capital firm Sequoia Capital has exited part of its stake in Bona Film, a Chinese film distributor, to the company founder for approximately US$16.5 million. The private equity firm agreed to sell 1.5 million ordinary shares to Founder, Chairman and CEO Dong Yu at US$11 apiece, a premium of 5.6 percent over Bona’s closing price on 30 March… Read More
Kunlun Energy Secures Anchor Investors (Asia)
Asia-based private equity fund manager RRJ Capital and Temasek, Singapore’s state investment agency, are investing approximately US$600 million to anchor Kunlun Energy’s US$1.35 billion public capital raising. Kunlun Energy, a Hong Kong-listed unit of PetroChina, is a Chinese oil and gas exploration, development and production company. The company plans to build 15 liquefied natural gas (LNG) plants. Additional investors in… Read More
CVC Capital Partners Sells StarBev to Molson Coors Brewing Company (CEE/CIS)
Global private equity firm CVC Capital Partners has announced its sale of StarBev to Molson Coors Brewing Company for EUR2.65 billion (US$3.47 billion). Headquartered in Amsterdam, Netherlands and Prague, Czech Republic, StarBev operates nine breweries in Central and Eastern Europe. CVC invested US$1.2 billion in StarBev L.P. for it to acquire AB-InBev’s CEE brewing assets in December 2009. The transaction… Read More
Joussour Holding Company Announces the Sale of its Stake in Ghani Glass Limited (MENA)
Denham Capital Closes US$3 Billion Energy and Resources-Focused Private Equity Fund (Global)
Energy and resources-focused global private equity firm Denham Capital Management has announced the closing of its sixth fund, having raised US$3 billion in third-party commitments from foundations, endowments, public and private pension funds, sovereign wealth funds and family offices. Denham Commodity Partners Fund VI was oversubscribed, exceeding its original target of US$2.5 billion. The fund will invest in companies and… Read More
Navis to Take Adampak Private in US$110.7 Million Buyout (Asia)
South and Southeast Asia-focused private equity investor Navis Capital Partners has offered to purchase Adampak Limited, a Singapore-listed producer of labels, nameplates and die-cut parts, for approximately US$88 million. The bid is being made through investment holding company Safe Label Group and Navis has requested the right to seek a voluntary delisting of the company. Separately, Navis has reportedly acquired… Read More
Advent International Invests in CARE Hospitals (Asia)
Global private equity firm Advent International has announced it will invest US$105 million of equity capital in India-based CARE Hospitals—a multi-specialty hospital chain—by acquiring shares from some of the company’s existing investors and injecting additional capital into the business. The capital will be used to help the business consolidate its position in the healthcare sector. Read More
Conduit Capital Partners Agrees to Sell its Remaining Interest in Kuntur to Odebrecht (Latin America)
Conduit Capital Partners, a private equity investment firm focused on energy infrastructure in Latin America and the Caribbean, has announced its agreement to sell its remaining interest in the Peruvian pipeline project Gasoducto Andina del Sur (Kuntur) to Odebrecht, a Brazilian construction conglomerate. The project consists of an integrated 1,100 kilometer gas pipeline that will transport natural gas from the… Read More
Aureos-Managed Africa Health Fund Invests US$5 Million in Nigerian Assisted Reproductive Center (Sub-Saharan Africa)
Pan-emerging markets-focused private equity manager Aureos Capital has completed a US$5 million investment in Therapia Health, the holding company for The Bridge Clinic, the first assisted reproductive center in West Africa. The investment was made through Aureos’s Africa Health Fund (AHF), whose cornerstone investors include the Bill and Melinda Gates Foundation, IFC, the African Development Bank and DEG. Read More
VenturEast, Zephyr Invest US$6 Million in e2E Rail (Asia)
India-focused private equity firms Zephyr Peacock Management India and VenturEast, through its VenturEast Proactive Fund, have jointly invested in e2E Rail, an Indian rail services company, for approximately US$6 million. Both funds reportedly plan to invest an incremental US$6 million in the company over the next several years. The capital will be used to help e2E expand its global presence,… Read More