Mekong Capital, a Vietnam-focused private equity fund manager specializing in consumer goods and services, has fully exited Minh Hoang Garment, a Vietnam-based manufacturer of sports apparel and outerwear. The deal represents the final divestment for Mekong Enterprise Fund, which first invested US$2 million in Minh Hoang in 2005. Financial details… Read More
Africa-focused private equity fund manager Development Partners International (DPI) has acquired a majority stake in Morocco-based irrigation systems company Compagnie Marocaine de Goutte à goutte et de Pompage (CMGP) for US$100 million. DPI purchased the stake through African Development Partners II from CMGP’s founding Moamah family and Amethis Maghreb Fund… Read More
B Investments, an Egypt-listed investment platform affiliated with private equity firm BPE Partners, has invested EGP125 million (approximately US$7 million) for a 53 percent stake in Gourmet Group, an Egypt-based food manufacturer and distributor. The transaction includes the acquisition of 40 percent of the company’s existing share capital for EGP65… Read More
India-based microfinance institution Satya MicroCapital has raised INR400 million (approximately US$6 million) in the form of non-convertible debentures from impact investment fund manager responsAbility Investments and Microfinance Enhancement Facility, a lender to microfinance institutions in developing countries. Satya MicroCapital uses a collateral-free group-lending model that allows borrowers to share repayment… Read More
India-focused private equity firm Multiples Alternate Asset Management has reached a first close for its third fund with approximately US$400 million in capital commitments. Investors in the fund include high-net worth individuals Mukesh Ambani, who committed INR1 billion (approximately US$15 million), Binny Bansal and Sunil Munjal. Multiples III was launched… Read More
China-focused private equity fund manager Hillhouse Capital has reached a final close for Hillhouse Fund IV with US$10.6 billion in capital commitments. Investors in the fund include San Francisco Employees Retirement Fund, which committed US$100 million, Texas County and District Retirement System, which committed US$85 million, and other pension funds,… Read More
Global private equity fund manager Warburg Pincus and warehousing and logistics company NewEase China have each invested US$400 million to establish a logistics platform, which will also operate under the NewEase China name. The new enterprise will primarily serve e-commerce companies operating through domestic airports and urban hubs. Warburg will… Read More
India-focused alternative investment fund manager Motilal Oswal Private Equity has reached a first close for India Realty Excellence Fund IV (IREF IV) with INR5.75 billion (approximately US$80 million) in capital commitments. Investors in the fund include high-net worth individuals and family offices, including several existing investors in the firm’s previous… Read More
Indonesia-focused alternative asset manager Indies Capital Partners has reached a final close for its second private credit fund with US$145 million in capital commitments. Investors in the fund include financial institutions, corporations and family offices. The fund will target private credit and special situations transactions in Southeast Asia, with a… Read More
China-focused technology investor GSR Ventures has reached a final close for its sixth venture capital fund with US$400 million in capital commitments. The fund, which launched in October 2017 with an initial target of US$325 million, will pursue seed and Series A, as well as select Series B, investments in… Read More
(default archive template)